There are 400 Troy ounces (27.5 lbs.)
in a typical gold bar, which explains the more than $1,000,000 bar valuation.
Most fabricated gold is used for jewelry and technological products.
Photo: Andrzej Barabasz viaWikimedia Commons(CC BY-SA 4.0)
Gold is currently held in favor by both central banks andindividual buyers.
Gold is fallback money, financial authorJohn Stepekwrites in an article forBloomberg.
So, should every investor own gold, if they can?
Photo:Steve Bidmeadvia Pixabay
Photo:Anne Nygårdvia Unsplash
Photo:Csaba Nagyvia Pixabay
Photo: Costco
