/biz/ - Business & Finance

>The market value of a gold bar depends on its weight, purity level, and the prevailing market price for gold. Rather than market pricing which fluctuates daily, the New York Fed uses the United States official book value of $42.2222 per troy ounce for gold holdings.

The fuck? $42.22?

>>20262473
bars are so tiny

I always picture those large bricks they have in mints and banks, but I never thought too hard about how crazy heavy they would be, and how you wouldn't even want bricks that big unless the end user were going to melt down gold to create something on a massive scale.

Even for manufacturing purposes they're not going to use a large enough quantity to make sense to melt a 27lb bar at once.

Or, the end use is to hold onto it forever, if you're a government entity. But for regular people, even if you plan to pass it through generations, the assumption would be, I assume, that the end user is going to melt it and use it for something.