Tag Archives: gold
Costco sold more than $100 million worth of gold bars in just three months.
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Golden Streets: The Accidental Paving of Kalgoorlie-Boulder’s Rich History
In the late 19th century, the streets of Kalgoorlie-Boulder, Australia were unintentionally covered with gold. This mining town experienced an unexpected gold rush when gold-laden tellurite rocks were mistaken for pyrite and discarded. These valuable rocks were subsequently used as paving stones in the town’s streets. Interestingly, Kalgoorlie-Boulder is part of the Goldfields-Esperance region in… Read More »
It was practically illegal…
It was practically illegal to own gold in the US from 1933 to 1974. Roosevelt signed an Executive Order to force all citizens to turn in almost all gold for about $20 per ounce, then declared the value of $20 in gold to be worth $35 in paper currency – creating a massive inflation. The… Read More »