This compilation of hit singles by the definitive rock band was first released on vinyl and cassette in March 1980. It entered the UK album charts immediately where it climbed to number 3, and remained in the top seventy-five for 48 weeks (longer than any other Quo album). All twelve songs featured on the album were successful as hit singles during the previous seven years, with nine of them climbing inside the Top 10 and the other three reaching chart positions not far outside.
The CD features 46 minutes of classic heads down no-nonsense boogie - the style for which the band became famous for during the 70's. The opening track 'Rockin' All Over The World' was adopted as the anthem for the 1985 charity fundraising concert Live Aid. 'Whatever You Want' has become famous in more recent years after it was used as the soundtrack for the 'Argos' TV advert. The final track 'Living On An Island' is quite different to all other songs contained on the album. Here, the electric guitars are replaced by the sound of acoustic ones, and combined with the delivery of more subtle vocals, the song becomes a very listenable and likeable ballad. Recently, the song was voted by many Quo fans for featuring the best final-minute to any Quo song.
Unlike other Quo compilation albums that were released in later years, 12 Gold Bars features the same line-up of band members throughout its entirety. Francis Rossi, Rick Parfitt, Alan Lancaster & John Coghlan stayed together for over 10 years, and they are responsible for the recording of most of the successful albums that the band made, many of which are still favourites among Quo fans who have remained loyal to the band up to this day.