Gold Bullion Bar 1 Ounce


Order ValuePricePremium
€131,000 +€973.583.75%
€1,000 - €130,999€980.624.50%

Buy€980.62

One troy ounce (31.1034768 grams) of investment grade gold bullion with a fineness not less than 0.999.

A gold bar is a rectangular gold ingot or brick which may be produced in many different types, weights and categories by banks, refineries and government mints.

GoldCore only sells gold bars of recognized and widely-traded hallmark brands. Among the most common are Englehard, Johnson Matthey, Credit Suisse, Pamp Suisse, Heraeus, the Royal Canadian Mint and the Perth Mint. Each bar is stamped with its exact weight and fineness, and an individual serial number that is exclusive to you. Gold bars can make nice gifts but are generally used in savings and investment portfolios.

Description

1 oz gold bar .999 fine

Storage

When investing in precious metals it is important to consider how you want your investment stored.
To put it in simple terms, you have two options available, either:

  • take delivery of your coins at your address ensuring that you have adequate facilities and insurance in place or;
  • have your investment stored with a secure third party.

GoldCore offer fully insured secure storage facilities in many in international locations such as Switzerland, UK, USA, Australia and Asia.

Composition

Each bar has a minimum purity of 0.995 and is normally 0.999 pure. These bars contain exactly 1 troy ounce of gold. Most bars will have a tiny amount of a copper alloy added for strength.

History

Gold has been recognised as a store of value virtually since the dawn of history. It is claimed that the Egyptian Pharaohs minted the first gold bars or forms of gold bars in 4000BC.

In the modern era, gold bullion bars were probaly first produced in 1489 when Henry VII of England ordered the first gold bullion bar to be made. Gold bars have been a staple format within the international gold trade for hundreds of years. Although gold bars come in many forms, in movies we generally see the "400 ounce London Good Delivery" bar (400 oz, 12.44 kg), held by most central banks. The manufacture of minted bars began only in the 20th century. Argor-Heraeus in Switzerland (among LBMA accredited refiners), is believed to have made the first minted bars in 1952.

Following the formal abandonment of the Gold Standard in 1971 and the subsequent liberalisation of many national gold markets since that time, accredited refiners began minting and issuing bars in the 1970s. Prior to that, most countries only allowed gold coins to be owned by citizens. Since then, some 60 tonnes of minted bars have been produced annually by accredited and non-accredited manufacturers internationally.

Minted bars are bought almost entirely for investment purposes but are used as gifts in some countries. They are rarely bought for fabrication purposes, although many may be sold back, melted down and then used for fabrication into jewellery and other products over time.

Investment Information

One ounce gold bars are produced by a variety of refiners and mints and GoldCore supply and can source all of the major gold bar types. Gold bars are small, lightweight and transportable. Gold bullion bars are liked by investors because, like other bullion products, they are highly liquid with willing buyers throughout the world offering the market price .

One ounce bars are also popular with investors due to their small denomination and divisibility. If one has a large amount of coins or small bars, one can sell them over a period of time rather than in one lump sum large transaction. The primary reason to invest in and own small gold bars is because of their cost, divisibility and liquidity.

Further Information

http://en.wikipedia.org/wiki/Gold_bar

Fineness0.9999
Weight1 Troy Ounce

What Next?







ContactRegister