Showing posts with label 9999 Gold. Show all posts
Showing posts with label 9999 Gold. Show all posts

Sunday, January 16, 2011

The difference between .9999 Gold and .999 Gold bar


An ingot is simply a bar of gold; it may have some standard specification as to size or weight, a .9999 is refined gold (highly refined---that means very little impurities like silver, iron and copper are in the total mix)...it's really pure, only a few mints in the world make such Gold bullion/bars with that purity. (Canada is one of them : The Royal Canadian Mint's Gold Maple Leaf coins are among the world's premier purest gold bullion on the market ) I have never heard of 999.9 purity gold. If you see it on the bar itself, it may mean something completely different. Check with the bank that issued the bar/ingot with that number and find out what it really means...or go to a reputable gold/silver dealer and that person should be able to tell you what it means. Ingots are large bars of metal. They usually weigh (based on the type of metal) quite a bit and are usually much larger than a smaller bar. Sizes vary from bank to bank.....but ingots can be as small as six by 3 by 4 inches in volume...and they can get larger. Reference: I own some silver ingot bars from the Swiss bank...they show .999 pure silver...their gold bars are stamped the same way.....plus I own quite a few gold / silver / platinum American Eagle coins....
http://answers.yahoo.com/question/?qid=20070402194616AAkS7ty
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