Gold bricks are a type of gold storage unit that's been around for centuries. They're made from pure gold, typically 22-karat or higher, and are often used by banks and investors to store and transport large amounts of gold.
Gold bricks are usually rectangular in shape, measuring around 11 pounds or 5 kilograms in weight. They're made by pouring molten gold into a mold, where it's allowed to cool and solidify.
To acquire gold bricks, you can buy them from reputable dealers or mints that produce them. Some investors also buy gold bricks from banks, although this can be a more complex process.
Additional reading: Do Banks Buy Gold Bars
What is Gold Bricks
Gold bricks are essentially the same as gold bars, with a purity of 99.99%. They come in various weights and sizes to suit any investor's needs.
Gold bricks are supplied by private refineries and sovereign mints. Larger ones are minted by pouring molten gold into a cast, while smaller ones are cast using heavy machinery.
Gold bricks can be used in a number of ways, such as personal assets, commercial finance instruments, and reserve currency.
Acquiring Gold Bricks
Buying gold bricks online is not an option, but you can purchase them through other means. You can obtain a gold brick by completing a Temple, which requires 1000 of these rarities.
The process of completing a Temple is a bit lengthy, but it's a reliable way to acquire a gold brick. The Temple completion percentage increases by 0.1% for each gold brick obtained, but only when the Temple is 100% complete.
Once you've obtained a gold brick, it behaves like any other bold artifact and can be sold for a range of 940-1160 gold coins.
Buy Online
Buying gold bricks online is a convenient and secure way to invest in physical gold. You can purchase gold bars of varying sizes, from a few grams to several ounces, from reputable online dealers like GoldCore.
GoldCore offers competitive pricing and transparency in pricing, making it easier for investors to make informed decisions. Market prices are readily available and easily accessible.
With online buying, you can own physical gold and potentially reap its benefits. Buying gold bricks online also provides an efficient way to invest in this precious metal.
GoldCore serves thousands of customers each year and has a modern and secure online trading platform. They offer high-security storage options to safeguard clients' wealth.
You can store your gold bricks with GoldCore, knowing that safety, privacy, security, and confidentiality are prioritized. This makes it a great option for investors who want to protect their valuable precious metals.
GoldCore has over 14,000 clients and has facilitated over $1 billion in transactions, making them a top choice for precious metal investors. They also offer buy-back services, making it easy to sell when you're ready.
Curious to learn more? Check out: Is It Worth Buying Gold
Properties
One gold brick requires 3000 gold coins to purchase.
The density of gold is 19.30 g/cm, which is used to calculate the weight of a gold brick.
A gold brick weighs approximately 85.3 kg, or 85300 g.
The dimensions of a gold brick are approximately 30.3 cm in length, 14.5 cm in width, and 10.0 cm in height.
Crafting and Uses
Crafting gold bricks is a straightforward process. You can craft an Ancient Gold Brick using the Shimmer Transmutation at the Shimmer Transmutation station.
To craft a Gold Brick Wall, you'll need to use a Work Bench.
If you're looking to get your hands on a gold brick, you have a few options.
The Purity of
Investment-grade gold is refined to a purity of 99.5% and above, making it a highly valuable and sought-after commodity.
Gold bars are the most common form of investment-grade gold, and they're often sold at a premium above the spot price of gold, which covers manufacturing, distribution, and dealer fees.
This premium can vary depending on the size of the bar, but generally speaking, gold bars have a smaller premium than coins, likely due to the fact that it takes less time and effort to produce them.
Investors often opt for larger gold bars as they tend to have a lower premium, making them a more cost-effective option.
Check this out: Why Buy Gold Bars
Crafting
Crafting is a fundamental aspect of the game, allowing players to create various items and objects using specific ingredients and crafting stations.
You can craft an Ancient Gold Brick using the Shimmer Transmutation station in Desktop, Console, and Mobile versions of the game.
The Work Bench is a common crafting station used to create items like the Gold Brick Wall, which requires no ingredients.
To craft a Gold Brick Wall, simply use the Work Bench as your crafting station.
Here's a quick rundown of the crafting stations and their corresponding items:
Special Uses
To complete a Temple, a hero needs 1000 of these rarities. They can increase the temple completion percentage by 0.1% each time one is gained, but only when the temple is already 100% complete.
Once a hero has obtained two golden bricks, they become bold artifacts that can be stored in the inventory and sold for a significant amount of gold coins. The selling price can range from 940 to 1160 gold coins, which can be quite a variation from the stock market prices.
The golden bricks behave like any other bold artifact, allowing heroes to sell them for a profit.
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Investing and Storage
Investing in gold bricks requires careful consideration of a few key factors. You can ensure you make an informed decision by taking these factors into account.
For smaller quantities of gold bricks, you could choose to take delivery and store them safely in your home. However, for larger investments, it's recommended that you use specialised insured vaults in secure jurisdictions operated by professionals.
GoldCore offers high-security vaults to clients in the US, Switzerland, London, Dublin, and Singapore, making the process of selling faster and easier as gold bricks remain within the “chain of integrity”.
Investing
Investing in gold bars requires careful consideration of a few key factors to ensure an informed decision.
Investors should consider the purity of the gold, which can range from 24-karat to 22-karat, and how this affects the value of the investment.
The cost of gold bars can vary depending on their size, with larger bars typically being more expensive.
To make an informed decision, investors should also think about their investment needs and goals, such as whether they're looking for a long-term store of value or a short-term profit.
Investors should also consider the fees associated with buying and storing gold bars, which can add up over time.
Check this out: How to Buy Real Gold Bars
Storage
For smaller gold investments, you could choose to take delivery and store them safely in your home. However, for larger investments, it's recommended to use specialised insured vaults in secure jurisdictions operated by professionals.
GoldCore, for example, offers high-security vaults to clients in the US, Switzerland, London, Dublin, and Singapore. These professional vaults are not only more secure but also make the process of selling faster and easier.
Gold bars held at a private residence or safety deposit box facilities need to undergo a process of re-authentication prior to being accepted for sale by a bullion dealer. This is because bars held outside of a secure vault are not considered to be within the "chain of integrity".
Red Dead Online
In Red Dead Online, the best way to get gold bars is through missions, but the reward is based on the mission's duration, making it not the most efficient way to get gold bars fast.
Completing missions can reward gold bars, but gamers will have more luck with other methods.
Bounties are a decent way to earn gold, but only if you can keep them around the nine-minute mark, earning 1.6 gold per hour.
South of Annesburg
Exploring the world of Red Dead Online can be a thrilling adventure, and one of the best ways to do that is by searching for hidden treasures. South of Annesburg, you'll find a gold bar waiting to be discovered, and it's not as hard to find as you might think.
To start, you'll need to find the Scetched Map, which is hidden under the fireplace inside the red cottage, just to the east of the "N" in Roanoke Ridge. Once you've got the map, you can use it to track down the gold bar.
The gold bar is located near the "R" in Kamassa River, north of the Elysian Pool, and it's hidden in plain sight - you'll need to inspect the rocks north of the small tree on the cliffside to find it.
Completing Bounties
Completing bounties can be a decent way to earn gold bars in Red Dead Online. Bounties reward gold bars, but the amount earned is based on the mission's duration, which can take around 9 minutes to complete.
To make the most of bounty missions, it's essential to stay engaged and fill in the time between rewards. This can be done by hunting, completing challenges, and earning rewards.
Aim to keep your bounty missions around the 9-minute mark to earn 1.6 gold per hour.
Sale
Gold bars are a popular choice for investors and collectors alike, and for good reason. They're a tangible, portable, and valuable asset that can be easily stored and transferred.
Our gold bars are sourced from LBMA-approved refiners, ensuring top-notch quality. This means you can trust that your gold bar is genuine and of high purity.
You can choose from a variety of sizes, each with its own unique benefits. For example, the 1 Ounce Gold Bar is made from investment-grade gold bullion with a purity of at least 99.5%. This size is ideal for those just starting out with gold investing.
The 250-gram Gold Bar is another popular choice, with a gold content purity of at least 99.5%. This size is convenient to store and aesthetically pleasing, making it a great investment option.
Here are some key specs for our gold bars:
The 10 Oz Gold Bar is another convenient option, weighing exactly 10 troy ounces and having a purity of around 99.5% or above. This size is sold at slightly lower premiums than 1-ounce gold bars or coins.
The 500 gram Gold Bar is also a great investment option, although its purity is not specified. This size is coveted by high-net-worth investors and store-of-value buyers alike.
Finally, the 1 Kg Gold bar is a great option for those wanting to purchase gold bars at lower premiums. It weighs exactly 1 kg and has a purity of between 0.995% and 0.9999%.
Frequently Asked Questions
How much is a gold brick worth?
A one-kilogram gold bar, also known as a gold brick, is worth approximately $81,158.40 as of August 27, 2024. The value of a gold brick can vary depending on its size and current market price.
How much gold is 1 brick?
A gold bar, also known as a gold brick, weighs 400 troy ounces of pure 24k gold. This is equivalent to 439.71 standard ounces of gold.
What is a gold brick called?
A gold bar is also known as a gold ingot, which is a larger variety produced by casting molten metal into molds.
Are gold bricks legal?
Gold ownership is generally legal in many countries, including the US, but regulations have varied over time. Check local laws for specific information on owning gold bricks.
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