Friday Gold Puzzle

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Published : November 16th, 2013
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Category : Market Analysis

24hGold - Friday Gold Puzzle

Here’s a bit of Friday precious metal fun via an interesting puzzle site we found…

Jens the Treasurer was a bit of a … well, scatterbrain, and he had forgotten how many gold, silver and bronze coins were kept in the town vaults. So he decided to ask the three guards, each of whom guarded one type of coin, how many coins were in his charge.

However, the guards were uncooperative, and the best that Jens could get from each was a statement about the numbers of coins in the other two vaults.

Ben, who was guarding the gold, said there were 3000 silver and 5000 bronze coins; Mervyn, who was in charge of the silver, said there were 3000 gold and 5000 bronze; while Christian, who was protecting the bronze, said there were 4000 gold and 3000 silver. Unfortunately, only one guard was being truthful, each of the other two stating at least one false amount. If there were 12000 coins altogether, how many of each type were there?

Get the answer!
Two cuts.

There were 3000 gold coins, 4000 silver and 5000 bronze. Assume each statement to be true in turn and examine the consequences. If Ben is telling the truth, there are 3000 silver coins, 5000 bronze coins and hence 4000 gold coins. However, this would make Christian's statement true also. By symmetry if Christian is truthful so is Ben. Only if Mervyn is telling the truth are the other statements false.
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Jan Skoyles is Head of Research at The Real Asset Company, a platform for secure and efficient gold investment. Jan first became interested in precious metals and sound money when she met Ned Naylor-Leyland whilst working alongside him in the summer of 2010. Jan then went on to write her undergraduate dissertation on the use of precious metals in the monetary system. After graduating from Aston University Jan joined The Real Asset Co research desk. Her work and views are now featured on a range of sites including Kitco, GATA and The Telegraph. She has appeared on news channels including Russia Today to discuss the gold price and gold investing. You can keep up with Jan's commentary by subscribing to our RSS feed Gold Investment News.
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