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:
“We mustn’t touch them yet, but see and see!
And what was green would by and by be gold.
Their name was called the Gold Hesperidee.”
—Robert Frost (1874–1963)
“Even the most incompetent English actor, coming on the stage briefly to announce the presence below of Lord and Lady Ditherege, gives forth a sound so soft and dulcet as almost to be a bar of music. But sometimes that is all there is. The words are lost in the graceful sweep of the notes.”
—Robert Benchley (1889–1945)