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-- Posted Friday, 25 September 2009 | Digg This Article | | Source: GoldSeek.com
Just look at this hoard of Anglo Saxon gold found in Staffordshire in England last week, weighing more than five kilograms along with 2.5 kilograms of silver. It is one of the greatest archeological finds of recent times, and was discovered in a field with a metal detector. How it got there is a mystery. It is not burial gold but appears to be a private hoard of precious metals. It could have been stolen and hidden or just hidden, perhaps by royalty judging from the exquisite workmanship. For historians it is a clue to the past of a time for which almost all written records have vanished. But for monetarists surely the hoard also has huge significance. Doubtless in Anglo-Saxon times there were many rich people. Where is their wealth today? Put your money into gold and silver and it seemingly lasts forever, and that is what has been so special about precious metals over the centuries. At today’s price this hoard would be worth around $250,000 for the gold and $1,500 for the silver. Spot the undervalued precious metal! However, it does also highlight the security aspect of storing precious metals. Be careful if you bury your treasure that you note its location or your wealth might not be uncovered for 1,300 years – still at least it will still be worth something. How much will stock in Microsoft be worth in 1,300 years or a dollar banknote?
-- Posted Friday, 25 September 2009 | Digg This Article | Source: GoldSeek.com
Previous Articles by Peter Cooper
About Peter Cooper:
Oxford University educated financial journalist Peter Cooper found himself made redundant by Emap plc in London in the mid-1990s and decided to rebuild his career in Dubai as launch editor of the pioneering magazine Gulf Business. He returned briefly to London in
1999 to complete his first book, a history of the Bovis construction group.
Then in 2000 he went back to Dubai to become an Internet entrepreneur, just as the dot-com market crashed. But he stumbled across the opportunity to become a partner in www.ameinfo.com, which later became the Middle East's leading English language business news website.
 Over the course of the next seven years he had a ringside seat as editor-in-chief writing about the remarkable transformation of Dubai into a global business and financial hub city. At the same time www.ameinfo.com prospered and was sold in 2006 to Emap plc for $27 million, completing the career circle back to where it began a decade earlier.
He remains a lively commentator and columnist as a freelance journalist based in Dubai and travels extensively each summer with his wife Svetlana. His financial blog www.arabianmoney.net is attracting increasing attention with its focus on investment in gold and silver as a means of prospering during a time of great consumer price inflation and asset price deflation.
Order my book online from this link
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Gold Holds Its Value over the Centuries
