Gold is among the most popular precious metals on the market. It’s also among the most diverse as gold is available in rounds, coins, and bars. Gold bars offer collectors and investors a great variety of bars in different weights, purity, and interesting styles. Gold bars are available in a number of sizes depending on the needs of your portfolio. Learn more about the unique sizes we carry here at Provident Metals.
The most common weights purchased are 1 oz and 10 oz gold bars. However, gold bars are available in an array of sizes. At Provident Metals, you’ll find gold bars in all types of sizes, such as the following:
While there are many different sizes to choose from, there are primarily two types of gold bars that are the most popular on Provident Metals.
The price of gold over the last century has increased greatly. This price increase has led to an increase in popularity among collectors and investors looking to get into the bullion market. Its popularity has led to it becoming one of the more diverse metals on the market serving as a great way to diversify any investment portfolio.
While Provident Metals offers an array of unique products, among the most popular options are:
Gold ingots were used before the rise of Ancient Rome. We also know that the Romans used gold bars as currency in Mesopotamia as early as the 7th millennium B.C. Gold has always been seen as a desirable precious metal ever since it was first discovered.
Best estimates suggest that over 200,000 tons of gold have been mined throughout history. It’s also estimated that around 50,000 tons of gold has yet to be mined.
Over the years, gold bars have transformed, now being used to hedge against inflation and deflation. Gold bars can be used to diversify a portfolio or serve as financial cover during times of economic uncertainty.
The highest gold price was recorded on August 7, 2020, when gold per oz reached $2,074.88. Adjusted for inflation, gold reached an even higher mark in 1980 with a price of $2,429.84.
At Provident Metals, we always have a range of unique gold bars in various sizes. Don’t hesitate to reach out to our customer service team with any questions you may have. We can be contacted via email, through our online chat feature, or at our toll-free number 800-313-3315.