Wednesday, April 04, 2007

Gold question of the week for March 28, 2007.

Gold is back up above $670 this morning and it looks like it might keep rising. Or not. The picture on the left is of gold taken fron Gains Creek, Alaska, and was sitting in the cases of the Colorado Nugget at the Tucson Show in Feb, 2007.

This week's gold question takes a bit from ancient history and ties it back to today. Much of what the Egyptians knew is still used today, and many of their ingenious ways to extract gold from rock and placer areas are the same today as they were back then. We just use more modern materials. A search on the net for gold in ancient Egypt will give you a wealth of information about ancient techniques that will look and sound very familiar to the prospector. Take a trip down the Nile River in Ancient Egypt for some very interesting information on gold and how to get it.

Hooked On Gold's QUESTION OF THE WEEK: March 28, 2007.

According to the Code of Menes, what was the value of gold to silver. Compare to today.

ANSWER: According to the Code of Menes in ancient Egypt, the value of gold was 2 1/2 times the value of silver. Today it is about 50 to one.
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