While ripping apart a bathroom to renovate it, apprentice plumber Dean Materi noticed something in the rubble underneath the old tub. “I seen a gold shimmery thing on the ground and I thought it was a copper light fixture,” Materi told the Calgary Herald. “But when I went to shovel it up, it seemed kind of heavy. I picked it up and it was a gold brick.”
It was a 1-kilogram gold bar, worth US$40,703. When Materi's boss, Alif Babul, showed the brick to the homeowner, the owner "confirmed a gold bar was unaccounted for in the abode."
Babul believes the gold brick was stashed near the bathroom’s jacuzzi tub and over time was moved by the vibration of the motor.
I hate it when my jacuzzi motor moves my gold bricks.
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When Forrest Fenn, a retired antiquities dealer, hid $2m worth of gold, jewels and artifacts in the Rockies and teased the location of the treasure with cryptic clues in his self-published memoir The Thrill of the Chase, he'd hoped to inspire readers "to get the kids off the couch and away from the game machine."
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Gold to Go
is a gold-plated vending machine that dispenses gold bars in various sizes and gold bullion coins. The first one was installed several years ago in the Emirates Palace Hotel in Abu Dhabi. The prices adjust based on market value via a Web connection. In the US, you can find a Gold to Go ATM in Manhattan, Atlantic City, and in Las Vegas's Golden Nugget Hotel & Casino, natch.
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A series that imagines what various things we treasure would look like if they were literally made out of gold.
Years of below average flows have exposed caches of sediment, and gold, that have been inaccessible for years.
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What in the unknown world is Jason Rohrer up to now?
Cash-for-gold is a con so dodgy that it's visible from space, but Clancy Martin's inside account of working in his brother's rip-off high-class Texas pawnbroker is an especially compelling view of the internals of the ripoff.
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"Look at games like World of Warcraft, Diablo, Dungeons and Dragons, or the original Final Fantasy. In those games, gold is the money, and you often get gold not by doing an honest day's work, but by running around and beating people up and taking their gold. In other words, the entire world of modern fantasy role-playing is a subtle joke on gold's unsuitability as a medium of exchange.
" -Noah Smith
(via Making Light
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The amount of gold in an Olympic gold medal has fallen to 1.34 percent, thanks to gold prices that recently peaked at $1,895 an ounce. At current prices, a pure 400g medal would cost about $25,000 to make, with a total bill of about $50m for the games.
"The last time the Olympic Games handed out solid gold medals was a hundred years ago at the 1912 Summer Games in Stockholm, Sweden," writes gold brokers Dillon Gage. "Gold medals were in fact only gold for eight years. The 1904 Olympics in St. Louis introduced the gold medal as the prize for first place."
The 2012 gold is 92.5 percent silver, 1.34 percent gold, and 6.16 copper, with IOC rules specifying that it must contain 550 grams of high-quality silver and 6 grams of gold. The resulting medallion is worth about $500. For the silver medal, the gold is replaced with more copper, for a $260 bill of materials.
The bronze medal is 97 percent copper, 2.5 percent zinc and 0.5 percent tin. Valued at about $3, you might be able to trade one for a bag of chips in Olympic park if you skip the fish. Read the rest
On February 16th, Lord David James of Blackheath (a Conservative life peer) spoke for 11 minutes in the UK House of Lords about a supposed $15 trillion federal reserve conspiracy that involved more gold than has ever been mined. It turned out he had fallen for a widespread scam.
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“Mr. Riyadi has sent me a remarkable document dated February 2006,” Lord James continued, “in which the American Government have called him to a meeting with the Federal Reserve Bank of New York.” That meeting, he said, “was witnessed by Mr Alan Greenspan, who signed for the Federal Reserve Bank of New York of which he was chairman, as well as chairman of the real Federal Reserve in Washington. It is signed by Mr Timothy Geithner as a witness on behalf of the International Monetary Fund. The IMF sent two witnesses, the other being Mr Yusuke Horiguchi.”
“These gentlemen have signed as witnesses,” he continued, “to the effect that this deal is a proper deal. There are a lot of other signatures on the document. I do not have a photocopy; I have an original version of the contract.
“Under the contract, the American Treasury has apparently got the Federal Reserve Bank of New York to offer to buy out the bonds issued to Mr Riyadi to replace the cash which has been taken from him over the previous 10 years. It is giving him $500 million as a cash payment to buy out worthless bonds. That is all in the agreement and it is very remarkable.”
Riyadi, as the tale continues, supposedly had 750,000 tons of gold backing the $15 trillion the United States took from him to prop up the U.S.
NuForce's uDAC-2 Signature Gold Edition 24bit/96kHz USB digital audio converter is for the discerning music enthusiast interested in connecting their computer to a stereo system or headphones. It will unlock the audio potential of their digital music files.
The exterior gold plating classes up ions in the surrounding air, allowing a smooth and confusion-free journey for your electrons. It is also "adorned" with a Swarovski crystal, an understatement that veils the crystal's true technical purpose, which is to diffract the quantum-genetic memory of the universe to restore the missing data in your collection of shitty 192kbps MP3s. The NuForce uDAC-2 is cryogenically-enhanced and costs $400.
NuForce Introduces a Lustrous Gold-Plated Digital Audio Converter for the Most Discerning Headphone Enthusiasts
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