Capitoline Wolf suckles the infant twins Romulus and Remus.
Capitoline Wolf suckles the infant twins Romulus and Remus.
Capitoline Wolf suckles the infant twins Romulus and Remus.
Capitoline Wolf suckles the infant twins Romulus and Remus.

Rome to unveil new archeological treasure


Selina Denman
  • English
  • Arabic

Rome is unveiling a new archaeological treasure – an ancient tomb believed to belong to the city’s founder, Romulus.

According to legend, Romulus founded the city after murdering his twin brother, Remus. There is ongoing debate as to whether the pair actually existed but, through the ages, an image of the twins being suckled by a she-wolf has become a symbol of Rome and its people.

A stone sarcophagus dating back to the 6th century BC, with an accompanying circular altar, was discovered under Rome’s Forum decades ago, but experts could not decide whether or not it belonged to the famed Romulus, whose body was believed to have been dismembered by angry senators after his death.

The ancient tomb thought to belong to Rome's founder Romulus at the Curia - Comitium in Rome. AFP Photo / Archeological Park of the Colosseum
The ancient tomb thought to belong to Rome's founder Romulus at the Curia - Comitium in Rome. AFP Photo / Archeological Park of the Colosseum

The Colosseum Archaeological Park, which manages the Forum where the sarcophagus lies, said recent clues all pointed to it being the founder's tomb, in what it labelled an "extraordinary discovery". No bones were discovered at the site.

"These two archaeological objects (sarcophagus and altar) have given rise to a hypothesis we can now debate," says Italian archaeologist Paolo Carafa. "Whether Romulus existed or not is not important. What matters is that this figure is considered by the ancients to mark the political birth of the city."

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- Abdullah Ishnaneh, Partner, BSA Law 

UAE currency: the story behind the money in your pockets
Company%20profile
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The BIO:

He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal

He ascended Mount Everest the next year from the more treacherous north Tibetan side

By 2015, he had completed the Explorers Grand Slam

Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border

He carries dried camel meat, dried dates and a wheat mixture for the final summit push

His new goal is to climb 14 peaks that are more than 8,000 metres above sea level

How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

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Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

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Rugby World Cup (all times UAE)

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