gold, page-55329

There is great debate in our country at the moment about the falling and appalling educational standards of teachers and students and I am afraid old boy you are the epitome of that.
So in your next lecture you might like to talk to your students about how prior to 1966 in Australia people bought , sold, and were paid in gold and silver . Some examples for you .

1 sovereign or 1 pound = 8 gm of gold
1/2 sovereign or 10 shillings = 3.7 gm of gold
1 florin pre 46 = 9.5 gm of silver
1 shilling pre 46 = 4.8 gm of silver
1 sixpence pre 46 = 2.4 gm of silver
1 threepence pre 46 = 1.9 gm of silver

and as my grandmother told me she could go to the picture show and buy an ice cream with 1.9 gm of silver and given a small piece of copper in change.
As for buying metals you could take your 1 pound paper note and exchange it for 95 grams of silver.

To help you out a bit with your conundrum people used to produce something or provide a service of substance or value in exchange for there gold and silver instead of lobbying their government to print more cheap money and giving it away in the hope it will stimulate growth.

I hope you can use this as an educational tool to arouse the minds of the disillusioned .