1 Kilo Metalor 999.9 Fine Gold Bar

£33,077.58

We offer discounts for large quantities. Please contact us for prices.

In 1696, The Bank of England established the worlds first gold standard. In 1717 gold price was set in todays money at £4.24 per troy ounce. Gold is rare with only 165,000 metric tons in existence. If this was placed in a cube it would measure only 20 metres square. Inflation and market conditions has devalued world fiat currencies. An example of this, is in 1900 a single dollar would have brought 14 loaves, but today it will buy 1 loaf. Gold has maintained its value as a hedge against inflation, wealth preservation and it is what powers the worlds financial economy. The G20 is debating a greater role for gold as a store of wealth and security. If a country defaults gold will always be valuable as a trading source.