11/25/2009

How the Gold Bar was Made



Gold has been widely used throughout the world as a vehicle for monetary exchange, either by issuance and recognition of gold coins or other bare metal quantities, or through gold-convertible paper instruments by establishing gold standards in which the total value of issued money is represented in a store of gold reserves.

A gold bar is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping. Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets.

The standard gold bar held by central banks and traded among bullion dealer is the 400-ounce (12.4 kg) Good Delivery gold bar.

Today we will look at how gold bars are made. They then are going into the national gold reserves of Russia... maybe this is also how they made a golden car in Russia

You’ll see many gold bars. The markings say 99.99% which is the high purity gold bar.















Let me have a couple of bars please :))

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1 Comments:

Anonymous said...

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