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Encyclopedia > Gold bar
"Gold brick" redirects here. For other uses, see Gold brick (disambiguation).

A gold bar is a gold ingot which may be produced in many different types, weights and categories. Gold Bar is a city located in Snohomish County, Washington. ... Look up goldbrick in Wiktionary, the free dictionary. ... GOLD refers to one of the following: GOLD (IEEE) is an IEEE program designed to garner more student members at the university level (Graduates of the Last Decade). ... Modern gold ingots from the Bank of Sweden An Ingot is a mass of material cast into a shape which is easy to handle. ...

Contents

Types

Gold bars are classified into two different types — cast and minted — based on their method of manufacturing [1]. Cast bars are made by pouring molten gold into an ingot mold to help the gold to take a form. Minted bars are made from gold blanks that have been hand cut to the required dimensions from a flat piece of gold. Markings are almost always applied by presses. ChipGold is a relatively new form of gold bar consisting of a small ingot (1-20 grams) in a sealed and certified package the size of a credit card. This article is about the manufacturing process. ... A mint is a facility which manufactures coins for currency. ... Manufacturing (from Latin manu factura, making by hand) is the use of tools and labor to make things for use or sale. ... In physics, melting is the process of heating a solid substance to a point (called the melting point) where it turns into a liquid. ... ChipGold is a gold ingot vacuum-sealed in a package in the shape of a credit card. ... Look up credit card in Wiktionary, the free dictionary. ...

Weights and values

One troy ounce = 31.1034768 grams. Thus if gold was at US$600 per ounce, a gold gram would be worth just under US$20. Troy weight is a system of units of mass customarily used for precious metals, black powder, and gemstones. ... A gold gram is the amount of value represented by exactly one gram of gold. ...


Note where gold is measured in ounces, these are troy ounces, not the much more common avoirdupois ounce which is used for measuring weights in food etc. An avoirdupois ounce is lighter than a troy ounce. One avoirdupois ounce = 28.349523125 grams. The avoirdupois (IPA: ; French IPA: ) system is a system of weights (or, properly, mass) based on a pound of sixteen ounces. ...

  • One tonne = 1000 kilograms = 32,150.746 troy ounces (value US$24,360,620 as of Oct. 15, 2007).
  • One kilogram = 1000 grams = 32.15074656 troy ounces (value US$24,360.62 as of Oct. 15, 2007).
  • One tael = 50 grams (value US$1,218.03 as of Oct. 15, 2007).

This is the official rate of taels in mainland China since the country went metric. However, historically a tael's weight could be as little as 36.7 grams depending on the customs of the province. In Taiwan and Hong Kong today a tael is equivalent to 37.429g. The International System of Units (symbol: SI) (for the French phrase Syst me International dUnit s) is the most widely used system of units. ...


Gold is very dense (19.3 g/cm³), to the extent that ten million U.S. dollars worth occupies less than one cubic foot.


References

^ The International Gold Bars Collection "Bar Types, Weights and Purities" URL accessed on December 24, 2005. A gold bar is 100kg is the 358th day of the year (359th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


See also

For the CSI episode of the same name, see Precious Metal (CSI episode). ... The United States Bullion Depository is a fortified vault building located near Fort Knox, Kentucky which is used to store the majority of United States gold metal holdings, as well as from time to time, other precious items belonging to the United States government. ... Reserves of foreign exchange and gold in 2006 A pile of 12. ... Gold coins are one of the oldest forms of money. ... Millesimal fineness is a system of denoting the purity of platinum, gold and silver alloys by parts per thousand of pure metal in the alloy. ... // Gold ingots, like these from the Bank of Sweden, form the base of many monetary systems Gold reserves (or gold holdings) are held by central banks as a store of value. ... Major gold mines process ore at the site of the mine, creating a low-purity gold metal. ... A precious metal is a rare metallic element of high, durable economic value. ... Modern gold ingots from the Bank of Sweden An Ingot is a mass of material cast into a shape which is easy to handle. ... ChipGold is a gold ingot vacuum-sealed in a package in the shape of a credit card. ...

External links


  Results from FactBites:
 
Gold bar - Wikipedia, the free encyclopedia (448 words)
A gold bar is a gold ingot which may be produced in many different types, weights and categories.
Minted bars are made from gold blanks that have been hand cut to the required dimensions from a flat piece of gold.
Note where gold is measured in ounces, these are troy ounces, not the much more common avoirdupois ounce which is used for measuring weights in food etc. An avoirdupois ounce is lighter than a troy ounce.
Gold Bullion Bars - Gold Bars (2509 words)
A gold bar is defined as any gold item, regardless of shape, which is made by a gold bar manufacturer, records the name of the gold bar manufacturer, the precise weight of the gold bar and the precise purity, and is sold at a low premium above the gold price.
The Exhibition displays two series of innovative gold proof bars with a gold purity of 99.99%, which were minted by the Singapore Mint in 1994 - ‘Balinese Girl’ (75 g), which is one of four decorative ‘Art Ingots’;, and ‘$10: The Government of the Strait Settlement’(41 g), one of four decorative ingots depicting historical banknotes.
Most major gold mines process their gold-bearing ore at the site of the mine, producing low purity ‘dore’ bars and the Exhibition includes samples of these rough bars which are sent to gold refineries for upgrading into tradeable bars of high purity (99.5% or more).
  More results at FactBites »


 

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