Thursday, January 3, 2013

Gold bar that can be broken into pieces???

Many of you might not be familiar with gold bar that can be broken just like chocolates.

combi-bar
http://l.yimg.com/bt/api/res/1.2/5jg1gWqwL.OhpRyufAPxAg--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00Mjg7cT04NTt3PTYzMA--/http://l.yimg.com/os/624/2012/12/24/2012-12-21T103037Z-968811191-BM2E8CL0UF001-RTRMADP-3-SWISS-GOLD-JPG_080701.jpg
gold-bars-break-into-1g-gold-chunks

This Gold bars {which is also known as "CombiBars"}are about as big as a credit card, can easily be broken into 1gram pieces and used for payment purposes and it is the latest craze across Switzerland, Austria, and Germany. It can be used as money in times of crisis. A Swiss company wants to bring the gold bars to market in America and build up sales in India – the world’s largest consumer of gold, where it has long served as a parallel currency. 

Gold prices have gained almost 500 percent since 2001 – compared to a 12 percent increase in MSCI’s world equity index, a benchmark for the value of the world’s business investments. Sales of gold bars and coins were worth almost $77billion (£48billion) in 2011, up from just $3.5billion (£2.2billion) in 2002, according to data from the World Gold Council. Advantage of the CombiBar or Gold bar is that it is easily carried and also easily broken into small pieces and also is cheaper than buying 50 one gram bars. It can also be used as an alternative method of payment. The CombiBar is particularly popular among grandparents who want to give their grandchildren a strip of gold rather than a coin.
Stephan Mueller, who manages bank Julius Baer's $6 billion gold fund, said one problem with using gold as a method of payment is that people have to take its value on blind trust.
Well its not chocolate, but they sure look tasty!

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