The reason for this is that fine physical gold is one of the most dense precious metals in the world.
In other words, gold bullion takes up very little space, yet has a real hefty weight to it.
What is Gold Density?
The density of pure gold is 19.32 grams per cubic centimeters at 68 °F or 20 °C.
Gold Density for Popular Gold Bullion Coins:
- 22k American Gold Eagle Coin: 17.45 grams per cubic centimeter
- 22k Gold Krugerrand Coin: 17.45 grams per cubic centimeter
- Any .999+ fine gold bullion coin: 19.32 grams per cubic centimeter
See how the Density of Gold is used in a Gold Specific Gravity Test