Tuesday, October 23, 2007

World's Biggest Gold Coin Registered in Guinness Book of Records


The Royal Canadian Mint was highly appreciated in the Guinness Book of Records for its innovative approach towards producing coinage products. The RCM created a 100-kg (220lb) bullion coin, being made of 99.999 percent pure gold, which was registered in the Guinness Book of Records. Coin's face value is $1 million.
Not only has the price of the coin surprised but its parameters as well.
The coin was huge enough to bust the Guinness World Record as the largest gold coin ever created.
"This recognition is a wonderful endorsement of the incomparable skill and imagination of the people who work at the Royal Canadian Mint. The Mint has long been recognized as one of the most innovative in the world and the Guinness World Record is further evidence of this fact" outlined off the record Ian E. Bennett, the President and CEO of the Royal Canadian Mint.
The coin is definitely amazing, but what is more important is its $1 million face value, which is really small if compared to the true value of gold content of the bullion coin.
On October 18, the price of the gold spot closed at a price of $764.15 per ounce. Considering the weight of the gold coin, which is 3,215 troy (troy ounce = 31,103 grams) the real value of the coins, according to calculations, in fact is $2,456, 742.
It is worth noting that the Royal Canadian Mint has produced five of such coins.

Indian housewives suffer 4+ years of torture on average

















NEW DELHI: Women victims of domestic violence endure torture and abuse for an average 4.2 years before filing a complaint with the police. An overwhelming 78% of such victims say they faced physically aggressive behaviour in front of in-laws, children and in public. About 60% took support from their children after facing violent behaviour. Nearly 17% said that children became human shields to protect them.



And only 23% women found their parents supportive after being thrown out by their husbands or their families. These disturbing facts came to light in a five-year study conducted between 2002 and 2007 on 1,805 victims who came to Delhi Police’s Crime Against Women Cell for help and were referred for counselling to a team of clinical psychologists from the NGO Swanchetan.
On an average, the counselling lasted an hour with about three sessions per couple.
Psychologists concluded that 1,531 of the women faced constant domestic abuse while 274 cases were overstated. "The situation could be much worse in north India’s smaller towns where police often treat domestic violence as a family matter, where the social dice is loaded against women lodging a protest and where support services such as short-stay homes or women’s organisations are either rare or absent," says Ranjana Kumari, director, Centre for Social Research. The study shows that dowry remains a major reason for marital discord and often leads to violence. A huge 54% of the victims said that the dowry demands began with sudden violence.