It is reserved for investment purposes to use in gold bullion bars and coins.
Pure gold bar.
Gold bullion bars are typically the lowest gold buying price option when investing in physical gold bullion.
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However there are a lot more terms that can be applied to better describe a gold bar.
Fine gold has little or no impurities.
The large bar itself is marked as a 50 gram 9999 pure gold bar on one side with 50 individual reverse designs marking 1 gram 9999 pure gold for the individually separated bars.
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Because fine gold is so soft it is not used for everyday products such as jewelry.
Almost all the available pure gold bars are sold in special packages that contain assay cards that confirm their authenticity mintmark weight purity and in most cases feature a unique serial number.
Gold bars can refer to a multitude of different things.
The most popular gold bar sizes are the 1 oz gold bar 10 oz gold bar and 1 kilo gold bar.
A common option is the 50 gram combibar which is sold as a solid 50 gram gold bar capable of being easily divided into 50 individual 1 gram bars.
Also called ingots or bullion a gold bar in the most simple terms is gold of certain purity that has been formed into the shape of a rectangular cube.
Gold bars are minted by both government and private mints and typically carry the 9999 gold purity stamp and weight mark.