Gold is one of the most popular precious metals in the world. It is used for many purposes such as gold jewellery, medicine and electronics. Gold is also an essential part of the world over economy, and has an established global market.
For centuries, gold has been used as means of exchange for goods. For many years, gold has been a standard of money for many countries, and they used it as their currency. It was many years ago; but although this standard of currency for gold is eliminated, still it still has a major role in the economy of the world. Investment in gold is very important of your portfolio.
The value of gold is obviously determined by its weight, and there are many units of gold weights that are used in different regions of the world. The most widely and commonly known type of gold is a gold bar. A gold bar is a piece of gold that is available in different weights and sizes. The gold bars can be further segmented into two types. The first type is the gold bars that are made by the process of casting. In the procedure of casting, the melted gold is poured in to different moulds to give them the required shape.
The next category is that of minted bars. Minting is the process of cutting gold blanks with hand, according to the exact measurements. When the bars are minted or casted, their weight is engraved on the top, so that it is known exactly for what its value is. When weighed in grams, sixteen weights are available internationally, which range from five hundred grams to one third of a gram. In ounces, eight weights are available, from twenty ounces to below one ounce.
The bars come in different weights. The gold bars held by the central banks usually weigh hundred oz. The bars at the central banks have a purity of approximately 99.5 and their weights can vary between three fifty and four thirty oz. The most standard unit for the weight of gold, used in trade internationally, is kilo bars. It is widely used by the traders and investors equally, and the reason behind this is that they are cheaper than the other options, and cannot be sold at a higher premium. Other units for gold weight measurements are ton, 1 tola and 10 tolas.
In London, the market deals in the London Good Delivery Gold bullion bars. This gold bar is the most important gold bullion in the world, and it weighs four hundred oz. Loco London is the de-facto standard for bullion spot trading all around the world. This means that the physical bars will be passed from buyer to seller in a transaction.
The gold bars are available in many denominations internationally. Mostly, it is measured in grams, but in countries like the UK and other English speaking countries, gold is weighed in ounces. It is weighed in tolas in the Asian and Middle Eastern countries.
The gold prices are rising incredibly, especially this year; so, it is considered to be a good investment. An investor and seller can reap profits as the price of the gold rises. - 33380
For centuries, gold has been used as means of exchange for goods. For many years, gold has been a standard of money for many countries, and they used it as their currency. It was many years ago; but although this standard of currency for gold is eliminated, still it still has a major role in the economy of the world. Investment in gold is very important of your portfolio.
The value of gold is obviously determined by its weight, and there are many units of gold weights that are used in different regions of the world. The most widely and commonly known type of gold is a gold bar. A gold bar is a piece of gold that is available in different weights and sizes. The gold bars can be further segmented into two types. The first type is the gold bars that are made by the process of casting. In the procedure of casting, the melted gold is poured in to different moulds to give them the required shape.
The next category is that of minted bars. Minting is the process of cutting gold blanks with hand, according to the exact measurements. When the bars are minted or casted, their weight is engraved on the top, so that it is known exactly for what its value is. When weighed in grams, sixteen weights are available internationally, which range from five hundred grams to one third of a gram. In ounces, eight weights are available, from twenty ounces to below one ounce.
The bars come in different weights. The gold bars held by the central banks usually weigh hundred oz. The bars at the central banks have a purity of approximately 99.5 and their weights can vary between three fifty and four thirty oz. The most standard unit for the weight of gold, used in trade internationally, is kilo bars. It is widely used by the traders and investors equally, and the reason behind this is that they are cheaper than the other options, and cannot be sold at a higher premium. Other units for gold weight measurements are ton, 1 tola and 10 tolas.
In London, the market deals in the London Good Delivery Gold bullion bars. This gold bar is the most important gold bullion in the world, and it weighs four hundred oz. Loco London is the de-facto standard for bullion spot trading all around the world. This means that the physical bars will be passed from buyer to seller in a transaction.
The gold bars are available in many denominations internationally. Mostly, it is measured in grams, but in countries like the UK and other English speaking countries, gold is weighed in ounces. It is weighed in tolas in the Asian and Middle Eastern countries.
The gold prices are rising incredibly, especially this year; so, it is considered to be a good investment. An investor and seller can reap profits as the price of the gold rises. - 33380
About the Author:
Jack Wagon is a gold investment expert. You can buy pure gold bars and get complete information about buying gold bars at his recommended site at http://www.goldmadesimple.com/.
