Gold bars

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Gold bars

Bars with a minimum content of 99.5% (two nines five in trader jargon; typically traded gold is four nines pure or 99.99%) gold, which may be held by central banks or traded by investors.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Gold Bars

Bars of gold bullion that may be bought and sold for investment. Most gold bullion is at least 99.9% pure. Gold bars, like all gold bullion, are commodities that investors often use as a hedge against recession and inflation; Thus, while it is volatile like most commodities, it always maintains a relatively high value. Gold bars are measured by mass and purity rather than face value.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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'Each gold bar was sold around P200,000, however, the victim just paid first for a downpayment of P50,000,' Ramiso narrated.
Rockstar Games, the game's developer, said: "As a thank you for your ongoing support, we are awarding everyone who has played from the Red Dead Online Beta launch through this Thursday, December 20th with a gift of 15 additional gold bars.
On his part, Mr Kwaku Asoma-Cheremeh, Minister of Lands and Natural Resources, said the unveiling of the maiden Hallmarked Gold Bar was a dream come true for the country, in its quest to refine gold and add value to the commodity.
The winner will get a gold bar weighing 100g and the runner-up will be rewarded with a Apple computer.
The new gold bars, worth PS24,000 to PS25,000, depending on changing gold prices, have been produced to mark the first anniversary of a bullion trading website launched by the Mint.
By this, Syria is ranked 1st among countries in the Middle East and 15th internationally in terms of making a 1 kg gold bar, according to Mousalli.
The Mint said its new signature gold service will allow customers to buy gold in "quantities to suit all budgets", allowing them to purchase and own a fractional amount of a 400oz gold bar.
Depending on the price of precious metals at the time of purchase, a 1g gold bar could cost around [pounds sterling]40 and one at 100g could be somewhere around [pounds sterling]2,800.
A back of the envelope calculation based on the price of a one kilo 24-carat gold bar earlier this week in Dubai revealed heady numbers.
"City Centre malls in the Northern Emirates are kicking off the New Year in glittering fashion with a Gold Festival that will reward three lucky shoppers with a 24 Carat gold bar every day," said Fuad Mansoor Sharaf, senior director - Property Management, Shopping Malls for Majid Al Futtaim Properties.
In July an Indian man was arrested at Ahmedabad airport when a gold bar concealed in a plastic bag with adhesive tape fell off the trolley, giving him away.