My question is about what Elizabethans did with their wealth (besides building E shaped manor houses:)
I've read that they displayed their riches by exhibiting and using gold plates and goblets set with precious stones,and also sewing pearls etc. into their garments. The explanation given for this was that there were no banks. Were goldsmiths not yet common? When did the practice of putting ones money with a goldsmith and thus accruing interest begin?