Definition, Meaning & Synonyms
gold ingot
noun
/ɡoʊld ˈɪŋɡət/
Definition
A gold ingot is a piece of gold that has been shaped into a bar or block, typically used for trade, storage, or investment.
Examples
- The bank offered to sell me a gold ingot as an investment.
- Gold ingots are often stored in vaults for safekeeping.
- After the gold rush, many miners sought to sell gold ingots to make a profit.
Meaning
Gold ingots are often produced by refiners and are recognized by their weight and purity, making them valuable commodities.
Synonyms
- gold bar
- gold bullion
- gold block
