Ingots are a type of metal bar or block that are usually made from gold, silver, or other precious metals. They are typically used in the production of coins, jewelry, and other items. The term 'ingots' is derived from the Latin word 'ingotus, ' which means 'to cast.' Ingots have been used for centuries as a form of currency and as a way to store wealth. In modern times, ingots are still used in the production of coins, jewelry, and other items.