You didn't really think..................did you? Greed is a Deadly Sin.
GOLD is an ore, a precious metal, and a kind of icon; it is an index of quality, value and affluence and even gold-plated items carry the 'hallmark' of excellence. Platinum and Palladium are more rare and more expensive, but it is gold which is the gold standard.
There is hardly a more persuasive image of a nation's wealth than its reserves of gold bullion, the ultimate international currency:
The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar, with a 400 oz (troy-ounce) (12.4 kg or 438.9 ounces) nominal weight. Its value (@ $1266.90 per oz, x 400) = $506,760 ..........just over half a million dollars per bar! (or 2 million pounds sterling, at post-Brexit exchange rates!).
The classic attache case full of £50 notes, in crime movies for ransom demands, bribes or kick-backs looks impressive, but a single gold bullion bar is less bulky and worth more.
Individual holdings of gold are impossible to discover, but exceptionally wealthy individuals not only drape themselves in gold, they drive it:
Sometimes when I have lusted after an expensive car, someone has bought me a model version instead. This could be a dangerous joke. Such things should not be promised:
This scale-model of the Lamborghini Aventador, apparently carved out of solid gold and encrusted with diamonds, sold for $7.5 million dollars to a customer from Dubai.
SOME INTERESTING FACTS ABOUT GOLD (and if you already knew them you can just button it, because nobody likes a Clever Dick)
1) The Incas called gold 'the tears of the Sun' (in the Pre-Murdochian period)
2) Homer (not Simpson) called it 'the glory of the immortals'
3) The first documentary evidence of gold was in 3100 BC 4) Gold was first used in coinage in 700 BC
5) Gold does not corrode and it's high value and durability account for its popularity for engagement and wedding rings, though the marriages do not always maintain their value in the same way or last as long.
6) The biggest ever gold bullion robbery was the Brink's-Mat robbery at the Heathrow International Trading Estate on 25 November 1983 which saw a record £26 million (today approximately £79 million) worth of gold bullion, diamonds and cash stolen from a warehouse.
7) A single ounce of gold can be drawn into a wire 60 miles long.
8) The largest gold nugget was found in California; it weighed 195 pounds. 9) Gold is chemically liquified and injected into the muscles of thousands of rheumatoid arthritis victims in, and it is said that the treatment is successful in seven out of ten cases. 10) In every cubic mile of sea water there is 25 tons of gold. That’s a total of about 10 billion tons of gold in the oceans; however, there’s no known way to economically recover it.
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