Grease and flour two 9x5 loaf pans and set aside. Or cover with parchment paper.
In a large mixing bowl, mix together the butter, sugar, molasses, water, and egg with an electric hand mixer.
Add the dry ingredients and spices and mix until a dark batter is created. Mix for 3 minutes, scrape the bowl occasionally to ensure everything is well mixed. Pour batter into prepared pans.
Bake for 45-50 minutes, until toothpick inserted comes out clean.
Buttermilk Glaze
In a medium saucepan, heat sugar, butter, evaporated milk and vanilla over medium heat. Stir constantly so the ingredients don't scorch. Bring the mixture to a boil and remove from heat.
Serve over individual slices of gingerbread loaf.
Notes
This is an extra sticky batter so I like to line the pan with parchment paper. You can grease and flour the pan as well.
This is a delicious butter-tasting syrup. We often have used leftovers over pancakes or Eggnog French Toast.
Don't pull the bread out too early or it's more likely to collapse.
Make sure to make two loaves.
Add the buttermilk glaze as you serve. If you put it on too early it will ruin the bread.