0
Standard Gold Bars come in the following sizes:
- 1 gm Gold Bars
- 1 oz Gold Bars
- 10 oz Gold Bars
- 1 Kilo (32.15 oz) Gold Bars
Gold Bars are priced based on a "spot price" per ounce of gold (which can be easily located on various stock or commodity exchanges around the world) plus any premium cost for the various sizes of bars you purchase. This premium is based heavily on availability of supply and demand for specific bar sizes, manufacturers and/or other factors.
Gold is fairly expensive for it's weight, which is one of the reasons people like to own gold as an investment. It is a very compact "store of wealth", meaning you could literally have well over $100,000 in small gold bars that would take up less space than a small shoe box and can easily be stored in a small home safe.
In times of financial (like we are seeing now in late 2008) or societal (like war zones or destabilized governments) turbulence, people often turn to gold to store their wealth for the following very good reasons:
- Gold is very compact - taking up very little space for the value of money
- Gold is easy to store - it doesn't rust, decay or dissolve
- Gold can easily be traded - gold has long been used as currency, being traded for other goods or services
- Gold is independent - it can be transferred into any other currency in the world
- Gold maintains a steady value - the price of gold may change but this is more a reflection of the inflation or deflation of a given currency. Gold maintains a very stable value - where modern paper currencies fluctuate greatly and can become worthless very quickly (See Argentina Hyper-Inflation of 1980-2000)
- Gold is not traceable - it doesn't have micro chips, serial numbers that are tracked, etc
- Gold is not taxed - while you may pay sales tax to purchase it, it is not taxed as property (like your home or real estate)
- Gold has no inheritance tax either - because it is untraceable and is a simple possession
You can purchase gold bars online at reputable dealers like APMEX (http://www.APMEX.com) to gain the advantage of gold as an investment and protection against inflation and troubled times. You can also purchase gold on online auction sites like EBAY, however, great caution should be used to avoid being defrauded. With the high prices of gold and other precious metals, it is better to make your purchases from trustworthy companies with excellent reputations.
What else can I help you with?
How much a bar of gold weighs?
The 'standard' (London) bar weighs 400 troy ounces (12.4 kg or 438.9 ounces) . The standard gold bar held as gold reserves by central banks worldwide and traded among bullion dealers.
What standard conditions does a gold bar have to meet?
A gold bar must meet the standard conditions of manufacture, labeling, and record keeping. A gold bar is then measured by the scale of troy ounces to determine its value.
How many carets in a gold bar?
A standard gold bar typically weighs 400 troy ounces, which is equivalent to approximately 12.4 kilograms. In terms of carats, one carat is equal to 0.2 grams. Therefore, a gold bar contains about 62,000 carats.
What does a bar of gold weigh?
A standard bar of gold, also known as a gold bullion bar, typically weighs 1 kilogram or 32.15 troy ounces. However, gold bars can come in various sizes and weights depending on the manufacturer and type of gold bar.
Does the bar of gold at fort knox weight 62.25 pounds?
No, a bar of gold (like the ones at Fort Knox) weights roughly 400 troy ounces, or about 27.5 pounds.
What is the weight of a gold bar?
A standard gold bar weighs 400-troy-ounce, equivalent to 438.86 ounces or 12.444 Kg. This is the 'Good Delivery' bar that is held by banks and federal reserves. The gold bar generally used for investments is the 'kilobar' weighting 1 Kg. However, there is no standard 'gold bar' or 'ingot' as such, and they can be of any weight, though the above are the more common gold bars used in the financial sectors.
How much does the gold coin weigh?
The 'standard' (London) bar weighs 400 troy ounces (12.4 kg or 438.9 ounces) . The standard gold bar held as gold reserves by central banks worldwide and traded among bullion dealers.
How many troy ounces in one gold bar?
It really depends on how big the bar is, but usually one troy ounce.
What is the standard bar measure for a cocktail?
The standard bar measure for a cocktail is typically 1.5 ounces of liquor.
How many ounces in a king size hershey bar?
The standard size milk chocolate Hershey bar is 1.55 ounces.
What is the Biggest gold bar you can buy?
400 ounces
How many grams in gold bar?
The weight of a gold bar can vary depending on its size and shape. However, a common weight for a standard gold bar is 1 kilogram, which is equivalent to 1000 grams.
