![]() ![]() ![]() In the world of precious metals, an advertised ounce is almost always a troy.Īs with other types of investments, the value of gold rises and falls as the economy changes. A troy ounce is 31.1034768 grams, compared to a standard ounce (used for measuring the weight of other things) at 28.35 grams. What is the Difference Between an Ounce and a Troy?Ĭreated in Troyes, France in the Middle Ages as a standard weight for precious metals, the troy ounce remains a common method for measuring gold and silver. Fortunately, because gold holds its value incredibly well, investors do not need vaults stacked with gold bricks to enjoy the benefits of bullion. The most popular size of gold bullion bar for investment is the troy ounce, which is large enough to feel like a significant investment and affordable enough to fit many investors’ budgets. ![]() Scottsdale Mint offers gold bullion in an array of sizes, from 1 gram to 1 kilo. Each gold bullion product adheres to the highest standard for quality, and our gold bullion is guaranteed for its metal content and fineness. In contrast, bars are cast in a long strip, cut to the proper size and stamped, which produces a perfectly uniform product.Īs one of only a few operational mints in the United States, Scottsdale Mint produces gold bars, ingots and coins. Ingots cast from molds the process does not allow for intricate designs, and each ingot will have irregularities that make it unique. The term “ingot” is often used interchangeably with the term “bar,” though technically it indicates how the gold was minted. Gold bars are bullion shaped into rectangles, which makes them easier to stack and store than other forms of gold. There are also gold items called rounds, which are coin-shaped bullion pieces that might be larger or textured differently from traditional coins. While some mints still produce coins that can be used as currency, most bullion coins are used for collection or investment. The first gold coins were minted nearly three millennia ago and used for the exchange of goods and services. ![]() Gold bullion comes in two distinct forms: coins and bars. Gold bullion products from Scottsdale Mint come in a variety of sizes, and all are guaranteed in purity and quality, which is why so many investors prefer to work with Scottsdale Mint when building their gold collection.īullion is a term used to describe a precious metal in an exceedingly pure form, usually more than 99.5% pure. Stable and trustworthy, gold retains its value remarkably well, which makes it a perfect ballast to riskier investments in the stock market and an important hedge against inflation. Gold is the ultimate precious metal: it’s rare enough to be valuable as an investment but plentiful enough to be traded on a market it’s malleable enough to easily work into jewelry but sturdy enough to function as coinage and perhaps most importantly, it has an inimitable warm glow that almost makes the metal feel alive when it is held in the hand.įor investors, gold is a must-have element of any portfolio. Gold remains as enticing to investors today as it was to humans at the very start of civilization. ![]()
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