What are gold bars used for?

Ever wanted to know what is the main purpose of gold bars? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart's Complete Bullion Resource Center.

Gold bars are a popular form of gold bullion, used for both as an investment and as a store of wealth. Gold bars are available in various sizes, ranging from 1 gram to 400 ounces. They are typically made from 99.9% pure gold, and some even carry attractive designs.

Gold bars are often used as an investment because they are generally easy to store and transport. In addition, their value is determined primarily by the current spot price of gold, though other factors, including premiums, will need to be taken into account too. Gold Bars also provide investors with a tangible asset that can be held in physical form rather than just paper money or stocks. Some investors use gold bars as a hedge against inflation and currency devaluation.

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