Gold bars

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About gold bars

The shiny yellow colour of a gold bar is almost mesmerizing. When you see it and feel the weight of a gold bar there is no doubt about the purity of the metal. Gold is almost 19 times heavier than water and almost two times heavier than lead, due to it density.

Gold bars come in two forms, cast and minted. The cast bars are created in a mold where you pour the liquid metal, whereas minted bars are produced to a specific shape and then struck with a design. After the cooling process many gold bars gets a serial number. Smaller bars get it on the box in which they are sold.

Minted gold bars have a sleek design and shiny surface, that adds a level of luxury to the product. The cast bars are bigger because it’s really hard to make big minted gold bars. In general, it’s both harder and more expensive to create the minted bars which adds a premium to the price. The process involves heating and cooling the metal several times before minting the bar with its final appearance.

Because gold is desired by many, and for many diffrent reasons, the manufacturers produce many different sizes. Common sizes include:
1 gram gold bar
2 gram gold bar
5 gram gold bar
10 gram gold bar
25 gram gold bar
50 gram gold bar
100 gram gold bar
250 gram gold bar
500 gram gold bar
1 kilo gold bar

There are of course other weights as well, but these are the most common ones. Some manufacturers also include products using the troy ounce weight scale. The most common weights include 1 oz, 2.5 oz, 5 oz, 10 oz, 20 oz and 50 oz. 1 oz equals about 31.05 gram.

Smaller gold bars are generally easier to sell for money, because the buyer does not take a big financial risk. These products are usually the minted bars and can be compared to the market for gold coins.

Unlike silver, gold is considered an investment in many countries, for example the EU countries. It means that gold is not subject to VAT, which means that the spot price for gold I pretty close to what you pay per gram for gold products, at least the popular products. Also, if you buy more, the price usually drops.

Green gold

Because gold is so valuable, and it costs a lot to mine it, recycling gold has become a huge industry. In 2020, more than a third of the gold that was used in the jewelry industry was recycled gold. Big mining companies have modified their processes to also extract gold from scrap metal, which is both more cost efficient and better for the environment than mining gold in mines.