Last week, in Sen. Bob Menendez’s trial, newly released photos provided a peek at the gold bars the FBI seized from his residence as evidence of alleged bribes. The senator and his wife, Nadine, along with three co-defendants, each face multiple federal felony charges. Menendez and his wife are also charged with acting as foreign agents of Egypt.
Investment grade gold bars come in varying sizes and weights but must be at least 99.5% pure gold. The bars are made by governments or private refineries and are considered safe-haven, low-risk investments that operate outside of any monetary system. No central bank controls the supply and demand of gold, and the price is set by the open market. That makes gold a commodity without borders.
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