What is the Gold Ingot?
The Golden Ingot is a method of storing gold in large for the purposes of monetary reserves or further processing into gold jewelry, gold magic and other ornamental uses. Ingots are usually rectangular, shaped brick shape with a certain imprint on the surface that shows the cleanliness and pure weight of gold, as well as potential information about ownership. Another common name for the Golden Ingot is the golden rod, although Ingots are a special subsection of the definition of the gold rod. Gold Ingotes, which are considered to be gold reserves by national central banks, are much larger. The standard accepted size for the gold ingot among expensive dealer dealers is 400 Trojan ounces (12.4 kg). The Roman currency system originally determined the ounce level of the Trojan ounce in using bronze rods as its currency and equals one twice pounds or 480 grains (31.1 grams). While ounce Avoirdupois is used as peace in other cases than precious metals, equal to the uniform sixth pound (28.35 grams).
Ingots of Gold can be quite difficult, despite the fact that it does not seem very large, measuring 6 inches of 3 inches of 2 inches (36 cubic inches or 589 cubic centimeters). Gold Ingot weighs approximately £ 27 (12.25 kilograms). The official name of the Golden Ingot, which holds the central banks, is the "good delivery" bar and their actual weight may vary between 350-430 Trojan units (10.9-13.4 kilograms). The minimum cleanliness of the Golden Ingot must be at least 99.5% gold. A good delivery is also the official name and size designation for silver ingots and other precious metals held as a currency reserves.
It is estimated that world central banks hold 19% of all existing gold as monetary reserves. Nations from the United States to Burundi, more than 110, reported their gold reserves to the International Monetary Fund. All this is stored in the form of gold ingot, although the actual amounts cannot be verifiable because most central banksIt does not allow foreign access to their reserves.
Sometimes for various reasons, greater than standard gold ingots will be stamped. The largest gold bar in the record was made by Mitsubishi Corporation at its golden mine in 2005. The 18 -inch bar (45.72 centimeters) weighs £ 551 (250 kg) and was awarded 400 million yen at that time. In 2005, this corresponded to approximately $ 3.7 million in the US (USD).