Logic Riddles

Question: Everyday a peasant must pay the king one pound of gold and leave it on a collection plate in front of his house. Every morning a guard comes by to make sure he has put a pound of gold on the plate. The king collects the gold every six days from the plate. If the peasant only has one six pound block of gold, how can he make only two parallel cuts and still follow the kings rules each day?

Question: You get trapped in a psycho's mansion during a power outage. You try to get out by going through a series of rooms: the first one is blue, the second one is also blue, but the third one is golden. After you go through all of these rooms you find the psycho. He tells you that you must hold your breathe under water for 10 minutes, wrestle a large bear, or sit in the electric chair for ten seconds while it is on.

Which should you choose?

Question: How do you make the number one disappear by adding to it?

Question: How many letters are in the answer to this riddle?

Question: 500 is at my end and my start, yet 5 is at my heart.
The first letter and the first number make me complete.
My name is that of a king.

What am I?