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‘Weights of gold in bullion’: how the ancients invested in precious metals

By Konstantine Panegyres, Lecturer in Classics and Ancient History, The University of Western Australia

“All I want is an income of 20,000 sesterces from secure investments”, proclaims a character in a poem by Juvenal (1st-2nd century CE), the Roman poet.

Today, 20,000 sesterces would be equivalent to about A$300,000 in interest from investments. Anyone would be very happy with this much passive annual income.

Like today, people in ancient times understood that investing money…

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