Thursday, February 24, 2011

A Few Facts about Gold

  • The oldest gold jewelry was found in the tomb of the Egyptian Queen Zer. It was made in the third millennium BC!
  • The largest collection of gold and jewelry in the world was found in King Tut's tomb.
  • The discovery of gold in the frontier days of the United States would herd thousands of new settlers to the area. Many risked their lives to find gold.
  • A gold standard was created to stabilize the global economy (a nation cannot be issued more currency than they had gold to back it up).
  • By the middle of the 20th century the US dollar replaced gold in international trade.
  • In 1986, the American Eagle Bullion program launched with gold and silver bullion coins (bullion coins were worth thier weight of a specific precious metal).

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