Monday, November 1, 2010

Miners and Merchants Bank

Good Monday morning to you all. Today's picture was taken in 1905, and it shows Miners and Merchants bank in Nome Alaska. The people on the street are interesting to look at, but even more interesting is what is inside the bank:


This is gold from the Alaskan Gold Rush. The picture indicates that it is 1,250,000 in gold. At todays gold prices, that would be about $85 Million in gold. Same amount of gold, just the paper dollar is worth a lot less, so it takes more of them to buy the gold.