Inflation is not the same as value! The inflation figures are right but inflation is a mean value of consumer goods which each good can quite differentiate from the average! for gold it is 4 times as much and I guess precious stones are even more. Of course this assumption is based on the 'Avery the pirate' letters and also that even if its Kidd's own proceedings that he converted the goods into gold and precious stones before burying them!
That is totally irrelevant in our case as we neither going to use the coins as currency today nor do we speak about what consumer goods Kidd could have bought with it in 1700!
which would exactly give 5x the value I think. I would assume a Mogul Empire coin from Kidd's treasure would even be worth much more.
No one wrote here it does. I think there is a confusion because I didn't clearly marked the different values
And you believe that he knew exactly what he had ? I have 40 gold rings but I don't know exactly what I have...
gold has a fixed value so its quite easy to calculate: take the value of a gold x weight and you know at least the material value. As ( https://www.treasurenet.com/threads/did-william-kidd-find-henry-averys-treasure.709634/post-7316239 ) the letters describe the content of the treasure being gold for the greater part. from the size and the weight of the chest he would more or less know how much they were worth. Obviously 100k£ is a rounded figure. Also the value of precious stone is not as easy to calculate so give it +-30%.
That is of course always true (at least for Kidd) but Avery's treasure has never been found and the figure of 100k£ is quite realistic. The 'Avery the Pirate' letters seem to me quite authentic and lot less 'fantasy' then the Palmer maps.
Not according the market I’ve been watching 😳😂🤣
Yes you’re basing your estimate on a piece of paper written 300 years ago by people you don’t know and have never met, there is no way to know what is legitimate or what is not… all this is speculation based on a letter…
These days money isn't backed by anything but thrust in its ability to be exchanged for more or less the same amount of goods in a near future. I wouldn't bet on that religion to last much longer and when the financial system goes belly up then gold will be the only currency available. Its limited supply will raise its value 1000x at least when the day comes.
It appears to be raising it now..
Guilty as charged - trusting the word of a British upper-class gentlemen is a medical definition of insanity
No worse than the rest of them I'm sure... 🤣Guilty as charged - trusting the word of a British upper-class gentlemen is a medical definition of insanity
On the other hand quite a few people believe the tale of a virgin giving birth to a god told by people they haven't met neither 2000 years ago so what does that make us who at least consider Kidd's claim to the house of commons authentic?
I was taught to believe that when I was young but as I grew older I realized that no matter how hard I prayed to him, he never seemed to answer.. So I'm not there anymore..
I love the flaming Ghost story.
Thanks, good to know. At least a documented place he stopped on his way. I always wonder why people look for that island in so many places because his journey is more or less documented. His crew would have corrected the account given of his voyage.
