Precious Metals

Precious metals are rare, naturally occurring metallic chemical element of high economic value, which is not radioactive. Chemically, the precious metals are less reactive than most elements, have high luster, are softer or more ductile, and have higher melting points than other metals. Historically, precious metals were important as currency is as investment and industrial commodities. Gold and silver are often as hedges against both inflation and economic downturn. The best- precious metals are the coinage metals gold and silver. While both have industrial uses, they are better for their uses in art, jewelry and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum are the most widely traded. The demand for precious metals is not only by their practical use, but also by their role as investments and a store of value. A metal is precious if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a "precious" metal can also be by high demand or market value. Precious metals in bulk form are as bullion, and trade on commodity markets. Bullion metals cast into ingots, or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. Many nations mint bullion coins. Although nominally issued as legal tender, these coins' face value as currency is far below that of their value as bullion. For instance, Canada mints a gold bullion coin at a face value of $50 containing one troy ounce of gold. Bullion coins' minting by national governments gives them some numismatic value in addition to their bullion value, as well as certifying their purity. The level of purity varies from issue to issue. The level of 99.9% purity is common. The purest mass-produced bullion coins are in the Canadian Gold Maple Leaf series, which go up to 99.999% purity. Note that 100% pure bullion is not possible, as absolute purity in extracted and refined metals can only be asymptotical. Many bullion coins contain a stated quantity (such as one troy ounce) of the marginally impure alloy. In contrast, the Krugerrand is one of many historic and modern bullion coins of 22 Kt Crown gold, with a stated content (usually one troy ounce) of "fine gold"[clarification needed (define)], with the other component(s) of the alloy making the coin heavier than one ounce in total. Still more bullion coins state neither the purity nor the fine gold weight on the coin, but are recognized and consistent in their composition and many historically stated a denomination in currency (example: American Double Eagle). One of the largest bullion coins in the world is the 10,000-dollar Australian Gold Nugget coin minted in Australia, which consists of a full kilogram of 99.9% pure gold. There have been a small number of larger bullion coins, but they are impractical to handle and not produced in mass quantities. China has produced coins in very limited quantities (less than 20 pieces minted) that exceed 260 troy ounces (8 kg) of gold. Austria has minted a coin containing 31 kg of gold. As a stunt to publicize the 99.999% pure one-ounce Canadian Gold Maple Leaf series, in 2007 the Royal Canadian Mint made a 100 kg 99.999% gold coin, with a face value of $1 million, and now manufactures them to order, but at a substantial premium over the market value of the gold. Gold and silver are often as hedges against both inflation and economic downturn. Silver coins have become popular with collectors due to their relative affordability, and unlike most gold and platinum issues, which are valued based upon the markets, silver issues are more often valued as collectables, far higher than their actual bullion value.

Slahal

Slahal Lahal is the Indigenous peoples of the Pacific Northwest Coast gambling game known as stickgame, bonegame, bloodless war game, handgame, or a name specific to each language. It is played throughout the western United States and Canada by indigenous peoples. The name of the game is a Chinook Jargon word. The name bone game comes from the fact that the bone sets historically used were the shin bones from the foreleg of a deer or other animal.

The game is played with two opposing teams. There are two sets of bones, and two sets of sticks 10 sticks per team during aboriginal times, but in modern times usually played with 5 sticks per team and a kick or king stick -- an extra stick won by the team who gets to start the game in some areas a kick stick is not used. When a game is in play, one of the two teams will have two sets of bones, shown above. When your team is guessing, your objective is to get the right bone, the one without the stripe. When you have the bones, your objective is to make sure the other team guesses wrong on the bones set. When the other team guesses wrong, you gain a point. When a team has the two sets of bones, two separate individuals will hide the bones and swap them around from hand to hand each person has a striped and non-striped bone. Eventually the bones are brought forward, but are concealed as to not show the other team what one has a stripe on it. The game is usually accompanied by drumming and singing used to boost the morale of the team. The side that has the bones sings, while the other tries to guess. The musical accompaniment is also sometimes used to taunt the other team. Gambling could be done by players, or spectators of a match, placing bets on teams, or individual matches within the game between one guess and the other team's bone hiders.

Oral histories indicate that slahal is an ancient game, dating to before the last ice age.citation needed In the Coast Salish tradition, the Creator gave stickgame to humanity as an alternative to war at the beginning of time. Thus the game straddles multiple roles in Native culture -- it is at once entertainment, a family pastime, a sacred ritual and a means of economic gain through gambling. These juxtapositions are sometimes difficult to comprehend for the Western mind, but to many members of the Native community they are woven together effortlessly as a harmonic whole.