Tuesday, October 30, 2012

How is Gold valued?

The Egyptian dynasties were noted in history as some of the first to use the gold standard. The Egyptians also found creative and sophisticated ways in making fine jewelry. Gold has now been valued at $54.98 for simply a gram. I wonder how they came up with such a number, and if it was anywhere near the same value in the Egyptian dynasties.

Source: http://www.onlygold.com/tutorialpages/value_of_gold.asp: The Value of Gold

1 comment:

  1. You need to tell us how this relates to today's economy and how gold improves our economy.
    -Needs a lot more detail and depth.

    ReplyDelete