Fun Facts about Gold

  1. One ounce of goldi can be drawn into a wire 50 miles long.
  2. One of the heaviest metals, Gold is 19.3 times heavier than water.
  3. The world's gold supply increases only 2,000 tons per year.
  4. All of the gold mined in history could be placed in a cube measuring 65.5 feet.
  5. Gold will not oxidize, rust, tarnish, corrode, decay or deteriorate.
  6. King Croesus of Lydia created the first coins of pure gold (540BC).
  7. The most popular gold Bullion coini is the U.S. Gold Eagle (1985).
  8. The first modern gold Bullioni coin was the South African Krugerrandi (1967).
  9. The word gold derives from the Old English word Gelo meaning yellow.
  10. Once upon a time the only gold one could buy were large 400 ounce gold bars or gold coins such as the Krugerrand.
  11. The price of gold topped $1,000 an ounce for the first time ever on March 13, 2008 amid recession fears in the United States.
  12. The chemical for symbol for gold is Aui, its atomic number is 79 and its atomic weight is 196.967.  It melts at 1064.43 degrees Centigrade.
  13. Around 1350 BC unshorn sheepskin was used to recover gold dust from the river sands on the eastern shores of the Black Sea.  After sluicing the sands through the sheepskin, they were dried and shaken out to dislodge the gold particles.  The practice is most likely the inspiration for the “Golden Fleece”.

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Market Watch

May 14, 2012

Goldi and silver continued moving lower this morning as risk aversion remains the preeminent consensus among market participants. Political uncertainty in Greece has triggered large equity losses and has driven yields on “safe haven” bonds lower.

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