The world of Gold is a huge, diverse universe, of course. It includes bullion, gold coins and small bars usually known as ingots, and the larger bars known as Good Delivery Bars by Gold dealers around the world who buy and sell them sight unseen with only an exchange of paperwork to acknowledge the transaction.

The weight of gold ingots varies from a mere gram to several kilograms; the "London Good Delivery Bar" weights in at 400 ounces, or 12.5 kilos. At today's price, each bar is worth nearly $300,000!

The actual gold bars-- the object of the trade are rarely transferred from one storage vault to another storage site unless the buyer is a bank or institution with their own facility or an end-user. [A gold trader would certainly not want a quantity of gold bars delivered to his office anymore than a cotton dealer would consider having bales of cotton delivered to his office. In fact, the removal of a Good Bar from a bonded storage vault to a private site could destroy the integrity of the merchandise.]

About 150,000 of these 99.9% pure gold objects are cast each year by about 55 companies around the world.	Each of these bars weighs 400 Troy Ounces or about 27.4 US pounds. Their value is determined by the variable price of gold which is published daily in London. Click Here to learn more about this tradition of this Daily Fix of the price of gold.	Central Banks around the world are believed to hold about 2.5 million of these bulky, valuable objects in their underground vaults.

Metric System 101 of the Gold Universe!

Although gold coins and small bars (commonly known as Gold Ingots) are available in ounces, gold trading is done mostly around the world in Kilos, Troy Ounces and Grams, with Pennyweight and Grain units of weight for smaller purchase quantities.

A Kilogram of Gold (about 2.2 US Pounds) is equal to about 32.15 Troy Ounces.

A Troy Ounce is equal to about 1.10 US Ounces.

The London "Fixed Price" daily price for Gold per Ounce? Click Here to learn more about this tradition of this Daily Fix of the price of gold. It is not the result of a sinister plot or scheme. It's simply a useful bookkeeping tool which was conceived because of the nature of things in the commodity universe. Professional traders around the world use this price to establish and calculate their sales and purchase figures at the end of the business day.

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Please Know This!

If you choose to open and fund an account to buy gold with this excellent company which has my personal recommendation, I will receive a small commission out of their tiny charges.  But that's not why I'm recommending this service.  I recommend BullionVault because it really does offer you an outstanding opportunity to buy and sell investment-grade gold for truly reasonable handling charges.

BullionVault lets you practice with your free gram - selling it and buying it - all online. No salesman will call you. You are just one click from creating your own private store of real gold bullion in Zurich, Switzerland.
Although you can't fly out to Zurich tonight to view it, this free one-gram is yours when you establish your account. It is entirely yours, to sell or trade at your sole discretion while it resides intact in its underground vault.

You see, unlike gold coins and small bars, the quality of gold must be warranted if it's going to trade on the international gold market. Swiss banks, London bullion traders and global investment funds only deal in these top-quality warranted 400 ounce gold bars. .

But if your gold is in a Good Delivery Bar too, then you can enjoy the same great prices (and the very low fees) that the professional gold trader enjoys.

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Click Here To See World Prices in Real Time

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