Comments on: How Much Is A Gold Ingot Bar Worth?

By: Steve

Steve — Sat, 16 Apr 2011 07:19:56 +0000

You didn’t know the value of a gold bar as a personal finance blogger because you’re… not a good personal finance blogger.

By: Michael

Michael — Fri, 02 Jul 2010 11:26:51 +0000

So ironic. Watching the same pilot a year later. Googled the question about the goLd bar’s worth and saw this posting. Hysterical. And I thought the bar might be worth about $100,000. Big difference. Thanks for the info.

By: laportia

laportia — Mon, 11 Jan 2010 02:55:16 +0000

if i had that much money i would own my own buisness and help out my family and save the rest for my kids college funds

By: TQM

TQM — Sat, 07 Nov 2009 11:02:58 +0000

At $946 per oz. $400oz= $378,400 not $378,704

By: Jim

Jim — Mon, 17 Aug 2009 17:12:41 +0000

Yeah that is amazing, but what’s even more amazing is all the money floating around as 1s and 0s in computer systems. My account balance in my checking account exists electronically.

By: DDFD at DivorcedDadFrugalDad

DDFD at DivorcedDadFrugalDad — Mon, 17 Aug 2009 16:53:05 +0000

Interesting.

Years ago, when I worked in lower Manhattan I used to see deliveries of dozens of gold, platinum, and silver bars on a truck and forklift right in the street and sidewalk at Chase Plaza . . . it always amazed me– that much money on the street!

By: Chrisalchemist

Chrisalchemist — Wed, 12 Aug 2009 14:02:03 +0000

Otto, why the knee-jerk name-calling? We were all newbies once. Jim manned up and corrected himself. Besides, you are wrong when you say gold is “always” priced in Troy ounces. As I pointed out in yesterday’s post, in some places (e.g., India, Japan, China, etc.) it is also priced in grams. From today’s Reuters-India (11:22 IST): “The most-traded October contract was 0.10 percent higher at 14,822 rupees per 10 grams at 11:17 a.m.”

By: Moxie

Moxie — Wed, 12 Aug 2009 06:32:02 +0000

Auric Goldfinger took control of most gold a long time ago. The other area is Lake Toplitz, in Germany, where Hitler sank a boatload of it. Best place to look for it is in the Atlantic Ocean region, where Spanish galleons plundered the South Americas in the 1500′s. Moxie.

By: mbhunter

mbhunter — Wed, 12 Aug 2009 06:13:34 +0000

In 2001, this same bar would have been only $101k (2001 dollars) or $125k (2009 dollars).

Still a lot of coin, but not nearly as coiny as today.

By: Jim

Jim — Tue, 11 Aug 2009 22:39:57 +0000

You are correct, the error’s been fixed in the original post. (and I updated the price too)

By: Andrew

Andrew — Tue, 11 Aug 2009 22:38:38 +0000

I’m pretty sure you ARE a conspiracy buff.

By: Jim

Jim — Tue, 11 Aug 2009 22:38:35 +0000

Insults aside, the site I was using to quote prices didn’t say troy ounces, just ounces, and since I’m not a trader of gold I didn’t know. Post have been updated to correct the error.

By: Jim

Jim — Tue, 11 Aug 2009 22:37:34 +0000

I updated the article to reflect that, the website I used for pricing simply said “ounces” and not troy ounces so I did the conversion unnecessarily. Thanks for letting me know!

By: Jonken

Jonken — Tue, 11 Aug 2009 18:37:43 +0000

Since you bring it up . . . I’ve been emailing every nationally-recognized, conservative personality and asking them why NO ONE IS ASKING ABOUT FORT KNOX AND THE FACT THAT IT HAS NOT BEEN AUDITED since the Eisenhower admin. You know, don’t you, that Pres. Obama’s U.K. pal,Prime Min. Brown, when he was the Exchequer SOLD about 70% of their gold?

I am not confident that there’s ANY gold left in there considering how we’ve been spending the past 50 years. If it IS there, it’s probably locked up in a secure area and CHINA has the only key!

I am NOT a Conspiracy buff – just a concerned citizen.

By: MO

MO — Tue, 11 Aug 2009 16:35:19 +0000

Gold is already quoted in troy ounces. No conversion needed