Gold has long been considered one of the most valuable and sought-after forms of money. For thousands of years, owning gold has brought the reputation and prestige of wealth and power with it.
Gold bars have been used in transactions since the days of the ancient Romans, Greeks, and Egyptians. At the bottom of the oceans around the world are billions of dollars worth of gold bullion bars, dumped into the sea by military attacks, the wrath of nature, and the greed of pirates.
They are defined as the amount of gold that forms in compact bars. Gold bars can weigh from 1 kilogram to 12.5 kilograms or 400 ounces to 1000 grams, known as kilobars. Today kilobars are the most popular in terms of trading, collecting, and investing.
Gold bars are usually defined as troy ounces. One troy ounce equals 31.1034768 grams, 1 kilogram equals 1000 grams and one tael equals 50 grams.
They can be divided into two different types: cut and cast, depending on how they are made. They are made by pouring heated molten gold into a matrix. Minted bars are cut by hand to a certain size.
Bars are usually available in 0.995-ounce sizes. Purity or bars or bars of 1 kilogram per gram intended primarily for investment. One of the most popular is the 10-ounce variety known as the "Four Nines" or 0.9999 best.
Regardless of size or shape, investing or collecting gold bullion is a solid investment decision that carries a legacy of power and wealth that dates back thousands of years.