These represent a tangible store of value, consisting of .9999 fine gold, often preferred for their manageable size and relatively lower premium over the spot price compared to smaller denominations. Individuals and institutions utilize these for investment purposes, portfolio diversification, and as a hedge against economic uncertainty and inflation. Their weight and purity are guaranteed by the refiner, often accompanied by a certificate of authenticity.
The appeal stems from gold’s long-standing history as a safe haven asset. Throughout civilizations, it has served as a medium of exchange and a store of wealth. Owning gold bullion allows investors to possess a physical asset that is independent of government policies and fluctuations in fiat currency values. The specific weight considered, allows for a balance between accessibility and the amount of gold held.