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Message:: [QUOTE="Juan Blanco, post: 1577655, member: 41665"]Spam? I'd appreciate your defining my flavor of Spam, plz. [ATTACH]217272.vB[/ATTACH] But actually no. I'd never seen that Gold dust had traded for as little as $4. /oz. in California, 1848. That local Gold Price collapse was what? ~-75% ? I suppose that's quite extraordinary, to say nothing of the vast inflation on goods sold in that region ... and (apart from 1980) if you have other PM data showing any Gold Price Collapse like that anywhere else please do share. In 1847 the Lima Mint (Peru) Price for fine Au was S$ 19.5342 or USD$ 20.71 ... the London Price in Nov 1847 (standard Au) was £ 3.877 and the French 20-Franc at fine bullionweight ~$20.60? In 1850, Jacob Eckfeldt* (1850) had this to say: "Gold is not measured by the pint, at least not out of California; yet it may be interesting to know, that a dry-measure pint of California grains is found to weigh from 141 to 143.5 ounces; value about $2560, The average specific gravity is consequently 9.961; so that it occupies about twice as much bulk, in that form, as when melted and cast into bars. A pint of African dust was found to Weigh 148 ounces." *New Varieties of Gold and Silver Coins, Counterfeit Coins, and Bullion ... By Jacob Reese Eckfeldt, William Ewing Du Bois (1850) p.55 1849/50: US Mint Value of 1 Troy Ounce California Gold Dust : USD$ 17.84 - 18.16[/QUOTE]