Vendors of luxury goods
June 03, 2014
As someone who works in what is now called a legacy industry, that is, the newspaper business, I found it more than a little amusing to think that those of us who still are associated with the printed page might also consider ourselves vendors of luxury goods.
How do I come to that conclusion?
I was checking the price of precious metals in my usual fashion. Silver is at $18.72 an ounce. That means that any old .900 fine silver coin is worth 13.38 times face value.
I have made calculations like this many times over the years, but for some reason, this time it pushed my memory in a strange direction.
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On July 9, 2014 alice
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