Cognitive Labs

Now that gold has passed $1,000 per ounce, exploration for the metal may become more worthwhile. What about the elusive gold of the Pharaohs? Just think of all the pounds of gold in the various effects of Tutankhamun, a king so obscure and ephemeral that thieves never bothered to ransack his tomb.

You can actually live the legend by investing in Centamin Egypt, a firm which has a concession from the government to explore and develop these ancient gold fields.

(Note: we are not investors nor connected in any way with this security)

Labels: centamin, gold, investing, pharaohs

In my former post, that office was located on Brannan Street. This brings to mind an interesting quote:

Early in 1848, employees of John Sutter paid for goods in his store with gold they had found at Sutter's Mill, near Coloma, California. Brannan went to the mill and, as a representative of the LDS Church, he received the tithes of the LDS workers there from the gold they had found in their spare time. Brannan took this gold back to San Francisco, purchased every shovel in the city, and then ran through the streets yelling, "Gold! Gold! Gold from the American River!"
Brannan opened more stores to sell goods to the miners (his Sutter Fort store sold US$150,000 a month in 1849)

Labels: brannan, gold, sf