Re:The richest families in Florence in 1427 are still the ri...
by PurpleRamen on Thursday January 10, 2019 @11:00AM
(#18874785)
If the title is not respected, they still have their art and gold. I think the real statement here is: have something that afterwards still has some value, which you can use to build upon. Other sources of wealth like money, will more like be gone when the state folds, or time goes on. Timeless wealthes are the way to stay rich over the ages.
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Re:The richest families in Florence in 1427 are still the ri...
by njarboe on Thursday January 10, 2019 @11:55AM
(#18875405)
For most of those 600 years gold was money.
Re:The richest families in Florence in 1427 are still the ri...
by PurpleRamen on Friday January 11, 2019 @05:33AM
(#18882415)
Coins were money. Gold was just one of the materials they were made from. There also was copper, silver, and others. Raw gold alone was somewhat useful, but AFAIK usually not as valuable as local gold-coins. Usually trading something golden meant accepting some loss, like today.