Description
Gold bars are solid pieces of gold, typically rectangular, that are
used primarily as a form of investment or storage of wealth. They
are commonly produced by gold refineries and are valued based on
their weight and purity. Key aspects of gold bars include:
- **Purity**: Gold bars are usually made of *9.9% pure gold, also
known as "three nines fine" gold. Some bars may be even purer, with
a purity of *9.*9% ("four nines fine").
- **Weights**: They come in various sizes, ranging from small bars
of just a few grams to large bars weighing several kilograms or
more. Common weights include 1 ounce, *0 ounces, and 1
kilogram.
- **Hallmarking**: Gold bars often bear markings that indicate
their purity, weight, and the refinery that produced them. This
helps verify their authenticity and value.
- **Uses**: Investors use gold bars as a hedge against economic
uncertainty and inflation. They are also used by central banks and
institutions to store wealth.
Gold bars are typically stored in secure vaults and can be bought
or sold through bullion dealers and financial institutions.
