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.

Gold is back down

Gold is back down this morning to around $655. Hooked on Gold still cannot make changes to the website as the server is still "upgrading". Three days is a long time to not be able to make changes or blog. Sure, we have weeks that are busy and there isn't much to say, but not this time of year. The gold Question of the week didn't go off because there was no way to post it. I try several times a day and get the same "page cannot be found" messages, and so far I haven't gotten an answer to my queries about when I can get back into the sitebuilder. For now, you have static pages to view. We will be off to the mining museum at the School of Mines tomorrow, and looking forward to seeing their excellent selection of mining "stuff". They have an excellent library. Newsletter recipients got a short discussion of global warming and some of the possible effects on mining. I read an interesting analogy on the rising seas theory. Everyone learned in school how water expands when it freezes. If global warming causes the ice to melt, wouldn't the seas fall as the water compresses back to it's liquid state? I am not sure this is the correct way to interpret this, but it is an interesting suggestion to think about. Not exactly anything to do with gold, but an interesting thought, none the less.

So, is anyone out with a metal detector or a gold pan yet and finding anything interesting? We are itching to get out, but have decided that we MUST do something about the build up in the house before this season gets started in earnest. One truck load of "good stuff" has gone to the ARC store already, and I am sure another will find it's way there soon. Motorized equipment season is about here on the Arkansas River. It wiil start April 1st, and with the nice weather we have been having, and the river still not in run off stage, it may be a really good time to hit the sand bars while they are exposed. Water quality is becoming an issue with the State, and it seems that claim owners will have another State government agency to deal with. Some claim owners are being required to pump DREDGE water to the bank for settling before returning it to the river. That's right. You read me correctly. DREDGE water. Water quality agencies are getting there fingers in. Another agency wants to get their fingers in on the permitting side too. Information on these two new agencies is being received now and more information will be coming out on these issues as time goes on, so stay tuned for more of what they will be requiring.