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TeachMeFinance.com - explain Gold bar historic definition... Gold bar -- Means in bullion dealings a bar (ingot) of pure gold. Bars made by the government are called government bars or government assay bars ; bars made by private concerns are called commercial bars. Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.