People usually will buy gold when there is a money crisis going on. They will then store the gold and hold it through economic inflation or recession, and sell the gold later when the value of the gold rises. You can buy gold in many forms, including the ones below:
Baht Gold Bars, (Baht is a weight unit of Thailand) is the most popular gold bar. A 10-Baht gold bar which is equivalent to 4.9 ounces, contains 96.5% of pure gold.
Another popular one is “Tola” cast bar – Tola is India’s weight unit. The 10-tola bar equates to 3.75 ounces (116.64 grams) in weight. Its popularity has made the annual sale to be over $2 million cast in Europe. Since the 10-tola bar has no serial number, this has made it possible and easier for people to smuggle them.
Chi gold bars weigh 37.5 grams – Chi is a weight unit in Vietnam. Gold manufacturer in Switzerland was the first to make Chi minted gold bars for the Vietnamese. “Gold Leaf” gold bars were also widely used by Vietnamese refugees during the 70s – they are very thin in shape making it easier to hide them under the clothing. One gold-leaf bars weighs about 15 grams.
There are also “Cartoon” gold bars which were produced by Pamp (Switzerland). These cartoon gold bars were made in the shapes of Tweety and Bugs Bunny in 1996, and Disney made Donald Duck and Mickey Mouse in 1997.
The Bank of England Museum had hosted the International Gold Bars Collection in 2008. It exhibited many different forms of gold bars including the above mentioned, the basic 400 ounce bars, and the wafer-thin gold bars.
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