Gold bar

By: enj

Gold Bars made out of 99.5% to 99.99% pure gold which can be traded for investment purposes or held by central banks, gold bar range in size from 400 troy ounces to as little as 1 ounce of gold; an individual can either hold on to these bars or store them in a safe deposit box. Central banks store gold bars weighing 400 troy ounces in vaults.

Gold’s aesthetic properties combined with its physical properties have long made it a valuable metal. Throughout history, gold has often been the cause of both conflict and adventure: the destruction of both the Aztec and Inca civilizations, for instance, and the early American gold rushes to Georgia, California, and Alaska.

Because gold is a finite resource, its long-term future is limited. In the short term, however, it will continue to find widespread use in jewelry and in industrial applications, especially in the electronics field.

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