Each bar contains 1 kilo (32.15 oz) of pure (.9999 fine gold) 24 karat gold. Kilo bars are an exceptionally convenient way of storing gold bullion. A 1 kilo bar is roughly the same size as an iPhone. If you're serious about owning raw gold, there's no better way to do it.
The 1 kilo gold bar is an atypical size of gold bar. A common question is how many ounces or grams is included in kilo. The answer is a 1 kilo gold bar has 32.15 ounces of gold or 1000 grams. The advantage of the 1 kilo gold bar is that you get a larger quantity of gold for a lower premium above spot price. Gold has a positive correlation with cost of living. This makes gold a hedge against inflation.
Since the beginning of civilization gold has been a symbol power and used as a storage of wealth. While paper currencies continue to come and go, gold has withstood the test of time. It has survived the fall of the Egyptian, Roman, Greek, Spanish, and English empires. Even today most nations have a gold coin in circulation. The face value of these coins is symbolic and not reflective of the value of the gold in the coin.
Gold has many attractive attributes that further add to the value and utility of the precious metal. The yellow metal conducts electricity and does not tarnish. These characteristics allow gold to be used in most electronic devices, including cell phones.
Gold has also been used for medicinal purposes including reducing swelling, joint pain and stiffness, and bone damage.