A gold brick or gold bar is one of the most valuable materials in the world. Gold brick usually referrers to gold that are mainly used for investment and kept reserve at the places like Fort Knox. In any financial world, gold bricks price is discussed frequently. But it is difficult to know what is the actual size of a gold bar and how much it weighs. Gold bars have many standard sizes and each has its own uses.
So, How Much Does A Gold Brick Weigh?
You probably know that gold is measured in troy ounces. One troy ounce is equal to around 1.097 ounces or 31.1 grams. 400 troy ounce bar is the most standard gold brick that is traded by bullion dealers. In ounces, it is equal to 438.9 ounces and in kg it is 12.4 kg.
Standard ounce is known as the avoirdupois ounce and is used to indicate the differentiate from troy ounces. Kilobar is also another metric that is often used by the investors and one kilobar is equal to 32.15 troy ounces, which is 35.27 ounces and 1000 grams.
Worlds largest gold brick was manufactured by Mitsubishi Materials Corporation in 2005.
Its weight is 551 pounds or 250 kg and it was valued more than $3.6 million in 2005 which is currently worth $10.325 million!
Most of the manufacturers use registered serial numbers for branding each gold bar as stolen and counterfeit gold bars are the main problem across the world. Gold bar is also used for making jewelry and other ornamental objects.
Geologists believe that most of the gold on earth comes from outer space and this theory was first released in 1970s after the Apollo return from the moon to the world.
Gold Brick Weights – Table
|Brick Size||Grams||Kilograms||Ounces||Troy Ounces||Pounds||Weight Comparison|
|20 Grams||20||0.02||0.705||0.643||0.044||AA Batteries|
|1 Ounce||31.1||0.031||1.097||1||0.068||Slice of Bread|
|100 Grams||100||0.1||3.527||3.215||0.22||Mobile Phone|
|1 Kilo||1000||1||35.274||32.15||2.204||Liter of Water|
|COMEX Bars||12,441||12,441||438.857||400||27.428||Large Bike|
>>The United States has the largest gold reserve as of December 2020 which is more than three times than France.
>>Gold bar is known as the symbol of prosperity.
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