A gold bar is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping.
Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets.
The standard gold bar held as gold reserves by central banks and traded among bullion dealers is the 400-troy-ounce (12.4 kg or 438.9 ounces) Good Delivery gold bar.
The kilobar, which is to say 1000 grams in mass, is the bar that is more manageable and is used extensively for trading and investment. The premium on these bars when traded is very low over the spot value of the gold making it ideal for small transfers between banks and traders. Most kilobars are flat, although some investors, particularly in Europe, prefer the brick shape.
Read more about Gold Bar: Types, Standard Bar Weights, Largest Gold Bar
Famous quotes containing the words gold and/or bar:
“John Brown of Ossawattamie
Who died to set Abstraction free
Stole Washington’s gold-handled sword
Less for the gold than for the Lord....”
—Allen Tate (1899–1979)
“Think ... before the words—the vows are spoken, which put yet another terrible bar between us.... I call upon you in the name of God ... to be sincere with me—Can you, my Annie, bear to think I am another’s?”
—Edgar Allan Poe (1809–1849)