In Egypt one of the major tourist attraction is the pyramids and within the great pyramids are tombs for the rulers to have similar experiences in the after level. The Egyptians believed the rulers or gods that ruled them when they died would rule in the after life and had to ensure their tombs had some of the country’s treasures in them. Rulers were buried with their gold or at least some of it. The pyramids were closed up and expected to remain close for thousands and thousands of years. Given the value of gold, many people decided to look at the gold and over the years some of the knowledge came to archaeologists who started to look at the mysteries of the pyramids.
One of the greatest treasures because grave robbers did not know or missed the grave. Tutankhamun only ruled for 10 years and shortly after he died the next leader started to change the history books about Tut. The next leader tried even more to wipe the name Tut from the history books. This is good for Tut’s treasure because if no one is looking for the treasure his era has low demand or economic value. It was rumored however there was a large treasure untouched near the great pyramids. Eventually Howard Carter and Lord Carnarvon found the treasure shortly after WW 1. It is the contention of Gerald O’Farrell that there was a deception in regards to King Tut. The book is called The Tutankhamun Deception published by Sidgwick & Jackson, London, UK 2001.
Mr. O’Farrell believes Howard Carter found the treasure, fortunately for him WW 1 happened and he was fortunate to take two thirds of the treasure out to be sold. The other one third was for show when the tomb was opened. It maybe true we do not know but in an earlier time museums around the world received their share before the country’s museums. The book did not go into whether Mr. Carter could afford the lifestyle of Lord Carnarvon – if he did more proof he stole some of the gold.
Linking to dividend paying stocks, in most industries there is some myth around them. How the company was started, why it is in the position it is, what rules were broken and how they are establishment sorts now days. As investors we what to believe in the myths although we suspect some of the stories are myths. The important aspect is the dividend sustainable and consistent. Then myths can be delved into on a later basis.
There are more questions than answers, till the next time – to raising questions.