The Actual Weight Of Gold Bar: 3 Tips

The actual weight of the gold bar is directly proportional to the purity of gold contained in it

. The bars are available in different weights and it is around 27.5 lbs or 12.5 kg. One of the largest and the most popular gold bars are the 'London Good Delivery Bars' have this much of weight. Most of the people investing in terms of gold buy 1 kilogram bars that have the approximate weight of 2.2 lbs.

*There are reference markings on all types of gold products be it bars, coins, jewelry etc. Thus, they can be referred to know about purity or fineness of the gold contained in it. a gold bullion that has another metal or alloy mixed into it would make it weigh less. Gold bars that contain pure gold will have 995 to 999 parts of gold per thousand. The bars containing lesser amount than that will obviously be sold for lower price. The coins like the South African Krugerrand and American Eagle have around 917 parts per thousand of gold in them. Austrian Philharmonic and Canadian Maple Leaf coins have 999 per thousand.

*Often the purest form of gold that comes out of the mint packaging looks brighter and shinier. Since it is a soft metal, it can lose its shine with the passage of time. So it is generally advised to preserve the package by keeping it closed until really needed. The gold that comes mixed with the other metals or alloys remains intact for a longer period of time.

*Again you should be very careful while choosing the company for the deals. There are a lot of fake companies giving lucrative offers for the customers to attract them but they may end up fooling you. So, take ample steps to decide the authenticity of the companies you are going to deal with. Always read reviews about the company online and try to find more and more information about them. The deals that are very attractive might be a scam to engulf in your money. There have been instances of scams that have resulted in washing away the money of people and by the time they realize, the companies changed their locations and other details.

Therefore, the purity of gold in the gold bar is measured by its weight and the shine of the gold. Also, the products come with reference markings to decide which one to buy.

by: Adrian Getty

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