Editors Note: The following is a list of Gold Trivia that was sent to CoinLink. We have not checked the facts or the source but we thought it was sort of interesting. Let us know if you have any additional items you think should be added to the list.

• Of the 92 natural elements in the earth’s crust, Gold ranks 58th in rarity.
• Every state in the U.S. has some gold deposits.
• If the U.S.’s pile of gold in Ft. Knox (147.3 million troy ounces according to the U.S. Mint) were to back the U.S. M1 money supply on an even basis, the gold would be worth $940 an ounce.
• When gold is legal tender, governments try to regulate or manipulate its value, and that’s always difficult… when Roosevelt raised gold from $20.67 to $35 in 1934, it immediately devalued the dollar by 40%.
• But from 1786 to 1933, the U.S. government only allowed the price of gold to rise from $17.92 to $20.67. A 15% increase in the official price of gold in 141 years. In the same span, U.S. GDP grew about 28,000%.
• Among the worst debasers of gold coins were Henry VIII, Diocletian and Nero. Debasement is a hidden tax. Henry added base metals to coins. Nero reduced silver content and made the gold coins smaller.
• In 1542, Francisco Pizarro took more gold from the Inca in a week than European miners produced in a year. The conquistadors brought so much gold from the New World to Europe that they increased supply by 500% and started the first gold-induced inflation. Other inflations caused by sudden gold supplies happened during the U.S. and Australian gold rushes in the 19th century.
• When used in trade, gold coins wear out in about 18 years.
• It is believed that most of the gold coins used in trade between the U.S. and the West Indies before the U.S. Revolution were 15-20% “light.” Crooks and traders put coins in a coarse bag and shook them to create gold dust—called sweating the coins. They traded the coins at full value and made money on the dust.
• For years, banks sent gold coins to England from the U.S. and back again to maintain trade balances. In each trip, $178 in value from every $1 million in gold shipped, rubbed off during transport, according to an 1894 book on banking practices.

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