Investment gold refers to physical gold of high purity in the form of bars or coins. In the distant past, gold coins were legal tender and the preferred way of storing precious metals. They were easier to sell or trade than bullion or nuggets. This continued until well-known gold refineries developed bullion for the investment market. Today, gold bars are available in sizes from 1 gram to kilogram and from 1 to 100 troy ounces. Gold kilobars are the largest format in the retail investment market. The 400 Troy ounces giant gold bar Good Delivery is the standard. Gold contracts can be backed by 100 ounce bars, kilobars or 400 ounce bars in the COMEX futures market.
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