Keen to get money from gold? Why not invest your hard earned money in gold bars? Gold bars vary in types, weight and purity. Knowing these three primary things about gold bars is extremely important. As to speak, the value of gold in the global market is increasing greatly. Gold bars are very desirable because of its purity, weight and portability. There are so many different sizes and kinds of gold bars produced across the world. Since manufacturers of gold bars still follow basic gold standards, it is not difficult to evaluate the worth of gold bars. If you are like the many who are keen to invest in gold bars, you need to understand first the different types, weight and purity of gold bars.
Types: Globally, there are more than 30 types of gold bars manufactured. When you are wondering about value and high grade gold bars, one of the largest today is called as Good Delivery gold bars. This type is being traded in London almost every day.
In India together with other countries like Singapore, quite possibly the most widely traded type of bar is known as the "ten tola". Barely, can one see a stamped bar with a serial number and weighing 3.75 oz (117g) a piece. Approximately, 2,000,000 of these ten tola or "TT" gold bars are casted each year.
Other than the two gold bars given above, another popular type is found in China. It is called the "five tael biscuit" bar (6 oz; 187g). In the main, this type is manufactured in Hong Kong.
In other locations, quite possibly the most desirable gold bar sold to private investors is known as the kilobar. It weighs 32.15 ounces. Every year, more than a million of these bars are manufactured in Switzerland.
Weight: Normally, gold bars are measured in ounces. The world's biggest gold bar measured precisely 250 kg or 551 lb. It was before manufactured by the Mitsubishi Materials Corporation. The corporation is a subsidiary of the infamous Mitsubishi. When it was put on display July 11, 2005, it was worth of 400 million yen. During that time, 400 million yen is equals to $3,684,000 USD. Then again, not all can afford that kind of investment. Luckily today, one can venture in gold bars in inexpensive prices. Gold bars can vary from $25 to $2.5 million a piece.
Purity Evidently, manufacturers made it easier for investors to calculate the weight and purity of gold simply because pieces of information are normally stamped on the gold bars together with the manufacturer's name.
Purity of gold is generally measured in karat or carat. Pure gold is 24 carats. 18 karat is already a mixture of gold and alloy. Simply put three-quarters of gold and one-quarter other metals is 18 carats. 12 carats on the other hand is half gold and half another metal.
Gold bars differ in many ways. The gold bars given above are just a few of the most common gold bars in the world. Koban, Yin Yang and Rainbow are the other common types of gold bars. Understand that the value of gold also depends on the market and weight of the gold. Gold bars are valued by many since it symbolizes power and wealth. But the best thing about gold bars is that it can protect the wealth against inflation and other economic threats.
Types: Globally, there are more than 30 types of gold bars manufactured. When you are wondering about value and high grade gold bars, one of the largest today is called as Good Delivery gold bars. This type is being traded in London almost every day.
In India together with other countries like Singapore, quite possibly the most widely traded type of bar is known as the "ten tola". Barely, can one see a stamped bar with a serial number and weighing 3.75 oz (117g) a piece. Approximately, 2,000,000 of these ten tola or "TT" gold bars are casted each year.
Other than the two gold bars given above, another popular type is found in China. It is called the "five tael biscuit" bar (6 oz; 187g). In the main, this type is manufactured in Hong Kong.
In other locations, quite possibly the most desirable gold bar sold to private investors is known as the kilobar. It weighs 32.15 ounces. Every year, more than a million of these bars are manufactured in Switzerland.
Weight: Normally, gold bars are measured in ounces. The world's biggest gold bar measured precisely 250 kg or 551 lb. It was before manufactured by the Mitsubishi Materials Corporation. The corporation is a subsidiary of the infamous Mitsubishi. When it was put on display July 11, 2005, it was worth of 400 million yen. During that time, 400 million yen is equals to $3,684,000 USD. Then again, not all can afford that kind of investment. Luckily today, one can venture in gold bars in inexpensive prices. Gold bars can vary from $25 to $2.5 million a piece.
Purity Evidently, manufacturers made it easier for investors to calculate the weight and purity of gold simply because pieces of information are normally stamped on the gold bars together with the manufacturer's name.
Purity of gold is generally measured in karat or carat. Pure gold is 24 carats. 18 karat is already a mixture of gold and alloy. Simply put three-quarters of gold and one-quarter other metals is 18 carats. 12 carats on the other hand is half gold and half another metal.
Gold bars differ in many ways. The gold bars given above are just a few of the most common gold bars in the world. Koban, Yin Yang and Rainbow are the other common types of gold bars. Understand that the value of gold also depends on the market and weight of the gold. Gold bars are valued by many since it symbolizes power and wealth. But the best thing about gold bars is that it can protect the wealth against inflation and other economic threats.
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