A newly discovered cache of 30,000 silver coins is believed to be an attempt to hedge against inflation as the Roman Empire began to collapse 1,700 years ago. The coin hoard, found fused into a single large chunk, was found by archeologists at the site of a new hotel being constructed in Bath. Bath’s city center is the home of the historic ancient Roman baths and spa.
No one can know the true worth of the coins in Caesar’s time, but current value is estimated at $250,000, by weight. Much like some of today’s physical silver investors, it appears that the owner of the coins chose to hide his stash in a secret location.
Inflation became a major problem in Rome as reduction in the silver content of coins resulted in their devaluation. History is certainly repeating itself, and will continue to do so, as long as political and financial corruption is a common denominator of human interaction.
https://www.silverseek.com/commentary/1700-year-old-roma-silver-coins-found-bath-warning-those-who-hoard-precious-metals-secret
