Tuesday, November 3, 2015

There are only 55 active manufacturers worldwide

There are only 55 active manufacturers worldwide whose ‘400 oz’ (‘12.5 kg’) bars are accepted internationally as London Good


‘400 oz’ London Good Delivery bars are permitted to weigh between 350 oz and 430 oz. Minimum gold purity: 99.5%. Around

150,000 are made each year. Central banks normally hold gold in the form of these bars and are believed to hold 2.5 million

of them.
Kilobars gold bars
The kilobar (1000 g) is the world’s most widely traded small gold bar. It is popular among investors and fabricators as it is

normally traded at an extremely low premium above the prevailing value of its gold content.

While most kilobars have a flat ‘international’ shape, traditional kilobars in the shape of a ‘brick’ are still preferred by

some investors and fabricators in Europe.

The Exhibition displays the kilobars of 53 manufacturers which are approved by the world’s major gold dealing exchanges in

London, New York, Tokyo and Zurich.
‘Tezabi’ Gold Bars
These rough cast bars are manufactured by thousands of small ‘backyard’ bar manufacturers in Pakistan to a theoretical

‘99.9%’ purity. The bars are not made to any precise weight but depend on the variable amount of gold available, usually old

gold jewellery, to be melted in the crucible.

They resemble the earliest known gold coins made by the Lydian kings of Asia Minor in the 7th century BC. The method used by

Pakistanis in the manufacture of ‘tezabi’ bars is not believed to have changed in over 2,000 years. The Exhibition displays

tezabi bars manufactured by Saleh Mohammed in Pakistan.
Tael Gold Bars
A tael is a Chinese unit of weight. One tael is equivalent to 1.2 oz or 37.4 g. Tael bars, ranging from � tael to 10 taels,

are widely traded in Chinese-speaking countries, mainly Hong Kong and Taiwan.

Cast tael bars are manufactured in 3 shapes: ‘biscuits’, ‘doughnuts’ and ‘boats’ and the Exhibition displays a variety of

tael bars from manufacturers in Hong Kong.

‘Boat’ Bars - Tael bars, described as ‘boats’, range from � tael to 10 taels. The traditional ‘boat’ shape is known to

have been used for silver and other Chinese coinage as far back as the Han dynasty (206 BC - 220 AD).

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