Gold is something with which we all are familiar. It is a metal, which changes life with its value. It makes business with what it is worth of and opens a completely new line of opportunities in financial sector. It indicates power, strength, and wealth. A possessor of this metal is looked upon with respect.
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.
The gold bars, which are available are of different types, have different weights and thus different values. The procedure by which the gold bars are prepared or manufactured is the distinguishing factor in its different types. Mainly gold bars are manufactured using two different type of methods , casting method or 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.
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.
The gold bars, which are available are of different types, have different weights and thus different values. The procedure by which the gold bars are prepared or manufactured is the distinguishing factor in its different types. Mainly gold bars are manufactured using two different type of methods , casting method or 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 major method of its formation is minting. Though mainly used for making coins, this method is also used for gold . It involves cutting a gold piece in required dimensions by a piece of gold used as a tool. The markings on the gold bar are made from mechanical presses. We usually see gold bars in movies in the form of 400-ounce London goods delivery. These are quite famous and this is the very type held by many central banks. Its standard weight 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.
After that, the bars became common and were to act as bank certificates as a return to money deposits. There are markings and words written on these gold bars but in a script, which is not recognised yet, thus making the use of the bars quite mysterious. However, by this mystery it became clear that gold bars in that time were used as a money exchange certificate.
Gold tola bars are common these days. This means that bars are weighed in tolas and are kept by governments all over the world in their central banks, indicating their wealth and power of their currency. Even locally, the people like investing their money in gold and purchase the bars. They like to keep them and sell these money carriers when their value maximises. This has become a profitable business.
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.
After that, the bars became common and were to act as bank certificates as a return to money deposits. There are markings and words written on these gold bars but in a script, which is not recognised yet, thus making the use of the bars quite mysterious. However, by this mystery it became clear that gold bars in that time were used as a money exchange certificate.
Gold tola bars are common these days. This means that bars are weighed in tolas and are kept by governments all over the world in their central banks, indicating their wealth and power of their currency. Even locally, the people like investing their money in gold and purchase the bars. They like to keep them and sell these money carriers when their value maximises. This has become a profitable business.
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