True Value of gold in Ancient Rome, and today?
How much was gold and silver worth in ancient rome? The answer might surprise you.
Video Rating: 5 / 5
This detector really proving its worth with some very deep finds coming out.
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about 10 months ago
great video, i actually did some reseach and a gold aurius was 6-7grams of gold and it was worth 25 silver denari, a denari was one days wage, so an aurius was like 25 days wage, so say you get 4.4 gold aurius for an ounce of gold, 25days wage x4.4=111 days wage for an ounce of gold in ancient rome, nowdays a days wage is like $150/dayx111=$16,600/oz thats what gold should be worth today if we go back to what it was worth in ancient rome .
about 10 months ago
I believe it to be 9 to 1. 50 to 1 is just absurd.
about 10 months ago
Actually, mines produced approximately 9 ounces of silver to each ounce of gold last year. Check the figures. The natural silver to gold ratio is much lower than the 16 it was in ancient times.
about 10 months ago
I’m sure it was 1 gold coin for a suit of armour not a toga. A toga would be like a pair of jeans where as a suit of armor would be like an Armani jacket. For those who don’t like the 50:1 silver/gold ratio ratio of today… that’s just the way it comes out of the ground.
about 10 months ago
Thank you for the info.
8/15/11 the price of gold is $1751.50.
A “meal” going out to dine:
Then one oz gold = 182 meals. Today at $10/meal one oz gold = 148 meals
Then 24 suits of clothes. Today @ $100 = 17 suits
Food for a family of 4
Then 6 months. Today at $100 a week = 4.4 mo
So the RELATIVE value of gold has actually DECREASED.
Perhaps folks should adjust the saying to “.04 ounces of gold would buy you a toga, and might do that today”
about 10 months ago
Gold did not prevent the Roman empire from falling, but anyone who had gold or silver could move to another part of Europe and exchange his gold and silver for food, clothes and shelter. Same in today’s world – when the US dollar finally crashes, go and try to go to another part of the world and pay for a hotel room or food in US dollars. At best you may use it as toilet paper. On the other hand if you have gold and silver coins, you can exchange it for another currency.
about 10 months ago
LMAO!!! My very own NSA sponsored CorpGov troll attack. I must really be moving up in the world. This is truly a red letter day.
about 10 months ago
LMAO!!! My very own NSA sponsored CorpGov troll attack. I must really be moving up in the world. This is truly a red letter day.
about 10 months ago
I am curious…how did Rome turn out? I wonder if gold and silver saved their society…it might’ve actually been worth a badly bent sword at the end, when they were slaughtered by Vandals. It certainly didn’t stop any sacking because of how shiny and “valuable” it was….The rest is pure, unadulterated huckstering, ponzi-scheme speculation “revaluing” by a VERY few con-men, because it is KIND OF rare (the bosses said so, that’s why)…..you know, like petrified trees. That’s the truth as well.
about 10 months ago
In the 1st Century AD a secretary got paid 15 Denarii/month. A common legionary soldier earned 20 Denarii/month.
about 10 months ago
Actually, my brother inspired me to do this video when he gave me the “one toga or a nice meal”, line once too often. I selected the name in his honor ;-p
about 10 months ago
Romans got paid in silver Denarii.
about 10 months ago
OK, here we go. The gold/silver ratio was fixed at 25 Denarii = 1 Aureus. So 25 Denarii x 3.9g silver = 97.5g silver. 97.5 g silver was worth 1 Aureus at 8g gold, so the silver/gold ratio was 12.19g silver/1g gold. Thus 1oz of gold was worth 12.19oz of silver. This agrees with other data I have seen that in Roman times the silver/gold ratio was fixed at 13:1. Does that help?
about 10 months ago
So that means we will get paid in gold too?
about 10 months ago
yep i did , they didnt have to deal with the FED lol
about 10 months ago
A little hard to calculate; recheck the math: 25 Denarii x 3.9g of silver = 97.5g of silver. Then you’re saying its the equvalant of 8grams of gold in one Aureus. However, if you multiple: 25 Denarii x 3.89 Aureus= 97.25 Denarii. Not: 91.2 silver Denarii………………..Just curious =]]
about 10 months ago
I have a few relatives who are related to Assholus Maximus. I have a first cousin and uncles, who are direct descendents.
about 10 months ago
That’s where the Arabic word “DINAR”originates from, so I’m told.
about 10 months ago
Awesome.
about 10 months ago
nice
about 10 months ago
24 suits = 182 meals. Somehow that doesn’t jive quite well. Thats about 7.5 meals for a suit.
This calculation needs to be refined.
Do you have sources that we could follow your research. Thank you.
about 10 months ago
Thank You, that was very instructive.
about 10 months ago
Yes, went for it in the end and have found it to be so much better, have kept the other one for a spare though. Thanks for commenting and watching all these vids. HH. Ian.
about 10 months ago
Hi Steve, the propointer is, as you say, the business. Seems that it will beep and vibrate faster the closer you are to pointing directly at the item. Once it is pinpointed it gives a continuous beep, thanks for watching the vids, all the best, Ian.
about 10 months ago
Hi Brian, think this is way too heavy for clock hand, it really is ocming out as solid iron, if it wasn’t for the handle part I would think it was some kind of plough ‘tooth’ but rust coming away nicely now and hopefully will have a better idea by next week. All the ebst, Ian.
about 10 months ago
Another cracking vid Ian, I had a go with the garrett pointer on a dig sun, must say I found it a lttle confusing, but you knew it was the business at the same time (if that makes sense), thanks again for taking the time to do these great vids, all the best Steve. HH
about 10 months ago
Thanks Ian is a strange one indeed, could it also be a clock hand albeit from a large clock but again it looks a little to robust for that. Just flinging idea`s around Ian after noticing the square hole on the handle area.
Thanks again,Brian
about 10 months ago
Hi Brian, Nothing yet, am still de-rusting it. I think there may have been some sort of insert in the top (handle) as this wasn’t as rusted as the rest, am planning to go back and see if I can find it, hopefully that would give me a better idea of what this actually is. Will let you know as soon as I have some info, thanks for the interest, all the best, Ian.
about 10 months ago
Hello Ian, any further news on the interesting find that looks like a dagger/knife of some sort?
Thanks Brian
about 10 months ago
Hi mate, glad you like the vids. I think part VIII will be the last in this series as have just about finished this site. Will do a summary at the end. All the best, Ian.
about 10 months ago
excellent… part VII!!! always look forward to your vids, glad to see you bought a pro-pointer. Keep up the good work.
about 10 months ago
I had this tip from quigo1 in Ireland – “dont worry about the pin pointer you will get the hang of it in trip or two i have it now that i find the object in the first hole 9 out of 10 times, if you use the middle of the coil at the top and work your way from top to the middle of the coil where the biggest hole is at the shaft thats where to pin point from” Seems to work this way. Good luck & HH.
about 10 months ago
ok I’m sure I’m wrong, I have little experience, each brushed try to improve
hello good day
giorgio
about 10 months ago
Does make you wonder doesn’t it? If I had as many coins as buttons I’d be rich by now. HH.
about 10 months ago
Thanks, mate, next one might be a while as weather not too great now but will keep going whenever I get the chance. HH.
about 10 months ago
Buttons! People in the victorian times must have run around with their shirts open and their trousers round their ankles! HA! Nice hunt! Good pinpointer too! I might invest in one.
about 10 months ago
Great vid mate!!. Looking forward to the next one!!!!.
about 10 months ago
Hi George, I had a few problems with the built in pinpointer when I started using this machine as it seemed to be a couple of inches out every time I dug for a find. It did seem to get better with practise and after I’d read the instructions again and also had some good advice via some comments on youtube so maybe I wasn’t using it right. Anyway all the best and HH.
about 10 months ago
Yes, am wondering how deep it will actually go, guess I’ll have to revisit some of my other sites this year to see what I missed on those, the new pinpointer seems to be working very well so just need the hoard now and will be happy for the year, lol. All the best, Ian.
about 10 months ago
hello I have the 350 very good as metal, but can not find the pinpoint accurate.
I may be wrong …………
hello george
about 10 months ago
That is one deep detecter ian and congrats
on your new pinpointer.kind regards