Metal Gold

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TWO 1776 1976 Bi Centennial Gold Metal George Washington Coin 500 fine UNC
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Australia 2001 20 Millennium Gold  Silver Bi Metal in Wooden Case w CoA
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126 OZ 3572 grams Electronic PRECIOUS Metal SCRAP for GOLD Recovery CHIPS
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Metal Gold

Facts About A Gold Bar

We all are very familiar with the name Gold. To further elaborate, it's one of the purest and natural form of metal used as a precious belonging. Its form can be changed once it is moulted. Gold is traded widely amongst all countries of the world as a prime source of money. Those who posses this valuable metal are bound to have great power and glory, and are thus treated with respected.

Moulding a metal in shape of bars is a common practice. Sometimes, it is for convenience in storage and sometimes for ease in shipment. In case of gold, it is mainly to store the metal, as gold being a precious metal, is usually not shipped in that huge quantities that is difficult to move as such. Therefore, as the name implies, a gold bar is a bar shaped piece of the metal, gold.

Gold bars come in different sizes and specifications, each one having its own unique standards. The process in which gold bars are equipped and contrived is the distinctive feature, which creates its unique characterisation. The gold bars are usually contrived by two distinctive procedures, one is known as the casting method and the other is known as the minted method.

Casting the gold involves, at the very first, the purification of the gold and then its liquefaction. It is then poured into a mould, which is a hollow tank with a desired shaped cavity inside it. After pouring the liquid metal, the setup is left for a particular time, and is allowed to cool. The final step is to eject or break the metal, which in this case is gold, out as per the requirement.

The second method, which is known as the minting process is used commonly for making coins. This process is also used to make gold, a piece of gold is used as a tool in this process to cut the gold into its desired dimension. With the help of a mechanical press, the symbols and signs are then embedded on the bar. The specific type of gold bars used are called '400 ounce London goods delivery', and we have often seen these types of bars in the movies. These are very famous gold bars and central banks all around the globe have them. The standard weight for this specific gold bar is 12.44 kilograms

There is a certain mystery related to gold bars. The mystery finds its origin in China. It is not merely a story, but it indicates and highlights the importance of gold, its bars in human lives, and in their dealings related to money even in the past. It is said that seven gold bars were issued to a General named Wang, of Shenghai back in 1933.

Since then the gold bars became commonly used and were also used as bank certificates in return to money deposits. These gold bars are engraved with special markings and words and its script is still not predictable. Hence, it made the use of these bars very mysterious. Meanwhile this undisclosed mystery made it clear that gold bars were used as money exchange certificates back in those days.

Gold bars used nowadays are known as Gold tola bars. The gold bars are weighed in tolas and are in possession by the Governments in their central banks across the globe, they reflect the wealth and power of each country's currency. People nowadays are also investing their savings in gold by buying gold bars. They posses these valuable bars and trade them when they see its value rising. This trade has become a money spinning business.

About the Author
Jack Wagon is an investment consultant and has written various books on this topic. To get more information about how to buy gold bullion check his recommended site

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