Shilling to Earn All World’s Gold (Feb, 1932)
Shilling to Earn All World’s Gold
WHEN Dr. Leopold Bauer, noted Vienna architect, recently deposited a shilling in the Bank of England, to be compounded quarterly and paid to his descendants in 1500 years, we wonder if he realized that he was attempting to corner the world’s wealth.
Since the shilling would double itself every eighteen years, in 028 years this trust fund would have earned more money than there now is in the entire world. At the expiration of 1,500 years the total one shilling would have earned would be $1,730,056,670,344,010,144,612,352.00.
Do you think the World war cost, a lot of money? Well, the sum that this one shilling would earn in the designated time would pay for 346,131,334,069 such wars.