Gulag Blog

I was in another thread, and saw a picture that got me thinking – will share it here:

Just thinking about inflation…

That’s a 20 Franc French Rooster gold coin …

Here’s a French web page showing all the kinds of 20 franc coins – (all nicknamed "Napoleon"):
http://www.sacra-moneta.com/Le-Franc…Napoleons.html

Just under 1/5th ounce – so, at today’s prices, worth about $225.

So I was remembering the early 1960s – only 50 years after the coin shown above was minted. Already, France was dropping two zeros off its currency, because 20 francs could only buy you a few pieces of bubble gum… and the old "20 francs" (which were no longer gold) turned into 20 centimes (cents).

So 20 gold francs… became 20 french cents…

Then the Euro came along – with about 6 new francs (600 old francs, therefore originally 30 of these gold coins, 6 troy ounces!) becoming ONE Euro! If you stayed in paper money, what a loss! 6 ounces of gold to the Euro! $7000 lost through "time wastage of fiat currency"!

So which kind of "money" are YOU going to set aside for your grandkids?

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