Gold Bar Clock - MatsClock 1081
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Gold Bar Wall Clock
Gold bar is manufactured
from Gold Ingot. Some people call gold
bar as gold bullion also. I created this Free Flash Clock called
MatsClock 1081 in .swf
format to look as if it is a gold bar cut into the shape of clock
face chiseled with some geometrical patterns along with three golden hour, minutes
and seconds needles that show time passing by very
elegantly. Normally, gold bar is like a biscuit in shape and has
much dull clour compared to this MatsClock. I gave this clock face a
little artistic work radiating from the center of the clock face to
resemble pure gold reflecting the light. Overall the gold clock does
look beautiful and shows the accurate time using your computer clock
settings.
How is Gold Bar made?
Large Gold bar or gold bullion is made by pouring molten gold
into moulds called ingots. Where as making smaller gold bars are
done by minting or stamping pure rolled sheets of gold. Usually a
gold bar weighs 1000 grams accurately or 32.15 troy ounces. Gold
bars are made from gold lying around. Yes, you heard it right. Gold
generally is found in the form of small nuggets which people find
with their naked eyes. Lucky ones who found big nuggets of gold. But
gold was industrially extracted from alluvium ores by pumping water
under high pressures. Gold was found to be soluble in in a water and
cyanide solution in 1783. But an industrial process was developed
inly in the 19th century to economically extract gold. But human
beings have been smelting gold as early as 6000 BC.
Why is Gold Bar Wall Clock so Heavy?
Gold has a relative density of 19.3. Or one litre volume of water
weighs 1 kg and one litre volume of gold will weigh 19.3 kg. This
means that a gold bar of 1000 grams has 1/19.3 volume of 1000 grams
of water. In other words, a gold bar of 1000 grams has a volume of
just 51.80 cubic centimeter compared to 1000 cubic centimeter volume
of water for the same weight.
Buy Gold Bar Wall Clock
A clock made of pure gold bar of one centimeter thickness and a
diameter of say 20 centimeter will have a volume of 62.85714
cubic centimeters which will weigh 1.2131 kilograms. If we calculate
the cost of gold taken as say 40 USD per gram, then this clock face
is going to cost you 48525.71 US dollars. Buying a clock made of
solid gold bar is too costly.
But since the cost of gold keeps appreciating with time, this Gold
Bar clock
is going to be an asset. The problem is that your would not like to
hang this wall clock anywhere except inside a safe or a vault.
Gold Bar Wall Clock Goes Underground
Amazingly, gold comes from underground. People dig it out, refine
it to make gold bars and gold jewellery. But it takes no time for
the gold bar or jewellery to go back underground. A gold bar costs
nearly 50,000 US dollars and a gold bar or gold bar wallclock like
MatsClock 1081 cannot be left hanging on the wall. There are people
called thiefs who will steal it and run away with it in no time. So, even if
the gold bar clock was to be manufactured, it has to be taken into an underground
safe locker, out of reach for everyone. That is why gold is good to
hold but bad for any country's economy.
World Gold Bar Holdings
The world today has over 171,300 tonnes of gold as of year
2014,of which Jewellery takes up about 84,300 tonnes. Gold bars
account for 33,000 tonnes. Central banks hold about 29.500 tonnes.
About 20,800 tonnes of gold is used by industries. As usual we have
about 3700 tonnes of unaccounted gold as well. Thieves, I told you.
Country Gold Bar Holding
A country's wealth is measured in some terms with respect to the
amount of gold it holds. USA holds over 8100 tonnes of gold,
Germany is next with over 3380 tonnes of gold, International
Monetary Fund stands third with about 2800 tonnnes of gold, Italy
is fourth with over 2450 tonnes of gold, France follows at fifth
place with 2430 tonnes of gold, Russia stands sixth with 1170
tonnes of gold, China stands at 7th position with about 1050 tonnes
of gold and Switzerland stands 8th with 1040 tonnes of gold. Rest
all other countries hold under 1000 tonnes of gold including Japan
at 9th place with just about 760 tonnes of gold.
Gold Bar is Bad for Economy
Gold once dug out and refined into pure gold is sold as gold
bars, coins, jewellery etc. Industrial goods are also made out of
gold. But once the gold reaches a consumer, it is either worn as
jewellery or is kept in bank lockers. The gold bar does not go
round changing hands so often. Unless things are not sold and
bought, money does not change hands and governments do not get
sales taxes on gold. Compare gold bars with land and you can see
that land changes hands continuously and a country's government
makes a killing on these land sales in terms of taxes. But gold
going into bank safe lockers or jewellery worn for ever by ladies
and handed down for generations does not generate taxes like land
does. This means gold comes from underground and goes underground
for ever giving no boost to economy of a country. Thus gold bars
are really bad for economy of any country.
