These bars are a great way to hedge your investment portfolio because they are easy to purchase and trade to protect long-term wealth. One kilogram of gold bar weight contains 32.1507 troy ounces. Any U.S. bank that acts as principal in gold-related transactions must advise its district Federal Reserve Bank. None! Gold bar weight gets most often measured in troy ounces or sometimes smaller gram denominations. This is an easy test for any bar that comes from an accredited mint like Perth, Credit Suisse or RMC. h�bbd``b`v A@��D�lG��P�`� We also carry gold bars in 1 ounce and 5 & 10-ounce sizes. Compact your wealth into 1-kilo bars for simpler storage and transportation. %%EOF Gold does not lose its matter when smashed. This bar is cast gold, meaning it is poured instead of cut from a sheet. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. The kilobar, which is 1,000 grams (32.15 troy ounces) in mass, and a 100 troy ounce gold bar are the bars that are more manageable and are used extensively for trading and investment. For the best experience on our site, be sure to turn on Javascript in your browser. The standard “Good Delivery” gold brick bar traded by bullion dealers is the 400-troy-ounce bar. The London Bullion Market (LBMA) defines "London Good Delivery," the international standard for a gold bar, by weight. The standard gold bar size and weight measured about 7 x 3 5/8 x 1 3/4 inches, at least that is according to the US Mint. They can then take the gold and re-cast the bar. The minimum purity required is 99.5% gold. Most kilobars are flat, although some investors, particularly in Europe, prefer the brick shape. Both fit within an average adult's hand length.Far right, push pin = 1 gram #Gold #Bullion bar sizeGold is compact, easy to hidehttps://t.co/RnQA5DhD4W pic.twitter.com/5YHf2LwMJR, — James Henry Anderson (@jameshenryand) August 1, 2019. Please browse our variety of precious metals products and deals to see why we have unbeatable prices. The refinery will then take the pure silver and gold and melt into their own gold and silver bars, or sell the pure precious metal in whatever form it is in. "Gold brick" redirects here. There are criminal offenses for misrepresenting the weight on a gold bar so if it weighs anything else, you've found a fake. The exact weight is stamped into the bar and should weigh EXACTLY that. A sample is taken from this melted dore and assayed to determine the exact amount of gold and silver present. This 400 oz gold bar is quite large, weighing in at whopping 27.4 pounds, with a single bar valued at roughly $750,000 U.S. The London Good Delivery (LGD) 400 oz gold bar is the standard bar used in transactions on the London Bullion Market. The avoirdupois system is a standard for measuring weight based on there being sixteen ounces in a pound. Johnson Matthey sold their gold and silver holdings in 2015, so their products still in circulation are extremely limited. A dore bar is a semi-pure alloy of gold and silver and is weighed and melted to ensure the contents are homogenous. We also carry gold bars in, from top brands around the world. PAMP Suisse has global renown for its masterfully crafted precious metal products. China prefers the smaller, more uniform size of 1-kilo gold bar weights to former 400 oz Good Delivery gold bar standards used by governments and central banks the last few centuries. Bullion Exchanges uses cookies to improve your experience on our website BullionExchanges.com and to deliver personalized content. What is the weight of a gold brick? As with all investments there is risk and the past performance of a particular asset class does not guarantee any future performance. The following is a late 2015 interview, with one of the heads of one of the largest Swiss gold refineries in the world. For other uses, see, This is the official rate of taels in mainland China since the country implemented the, "Full List of Official Good Delivery Rules", "The Mint's Refinery Services | The Royal Canadian Mint", "Gold Bars | Buy Gold Bars | Royal Mint Bullion", https://www.suissegold.ch/en/category/buy-gold-bars/ubs-gold-bars, "Three Diamonds Cast Gold-Medal Gold Bar", https://en.wikipedia.org/w/index.php?title=Gold_bar&oldid=986987198, Articles containing potentially dated statements from August 2020, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License. bars come in a variety of sizes to purchase, which adds diversity to any investment portfolio. It is simply more cost-effective to purchase 1-kilo bars instead of purchasing single bars in smaller sizes to equal 1 kilo. 0 While expensive, the larger the bar, the more value it provides. A 'Biscuit" is the name given to thinner cast bars, sometimes also referred to as wafers. Read additional gold bar weight questions posed by some of our customers: Refiners and mining companies deal in larger gold bars that are mixed with gold and other metals. All content and images are owned by USGB and may not be reproduced without written authorization. endstream endobj 102 0 obj <> endobj 103 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/Type/Page>> endobj 104 0 obj <>stream JavaScript seems to be disabled in your browser. Select Ounce, Gram or Kilogram for the weight. Typically used to ensure that coins or bars produced by the refiner to reach the purity standards of the manufacturer. At SD Bullion, we believe in doing business the old-fashioned way. Popular sizes in the Asian region include 10 grams, 100 grams and 1,000 gram bars.[3]. As a Swiss manufacturer, Metalor’s bars carry a high resale value. When people ask this question, they're typically wanting to know the weight of the standard 'Good Delivery' gold bar, usually seen on TV or in movies. JOHNSON MATTHEY GOLD BAR. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 384.0 oz) and 430 ozt (13.4 kg; 471.8 oz). Commonly encountered in daily life is the avoirdupois ounce, an Imperial weight in countries still using British weights and measures or United States customary units. Based upon how they are manufactured, gold bars are categorized as having been cast or minted, with both differing in their appearance and price. A "Bar" can actually be the technical term used when referring to a standard Good Delivery bar. h�b```e`` There are 55 manufacturers in the world that produce about 150,000 gold bars every year that are accepted as London Good Delivery, according to Gold.org. COMEX bars range between 95-105 oz based on purity. Since they are no longer producing gold bars, this 1-kilo gold bar is one-of-a-kind and will only increase in rarity. The London Bullion Market (LBMA) defines "London Good Delivery," the international standard for a gold bar, by weight. Gold is measured in troy ounces, often simply referred to as ounces when the reference to gold is evident. Thank You to our now 100,000+ customers who have made the switch to SD Bullion. Gold has intrinsic value, and although its spot price fluctuates, it will always be a valuable precious metal. CAST BARS COMEX 100 oz Bars For the best experience on our site, be sure to turn on Javascript in your browser. The “Standard Good delivery bar… Watch this 1000 oz gold bar as it is smashed in a hydraulic press. Established in 1980, Republic Metals is a highly reputable refinery that developed into a pioneer for green refining technology. Since they are no longer producing gold bars, this 1-kilo gold bar … Lexa W. Lee is a New Orleans-based writer with more than 20 years of experience. While expensive, the larger the bar, the more value it provides. Gold bars made with gold bullion are by definition made with .999 fine gold.. Gold bar weight gets most often measured in troy ounces or sometimes smaller gram denominations. They are all the same meaning for a long bar of precious metal bullion. He describes in the interview how Chinese gold buying and ever-present China gold demand is setting a new gold bar weight standard for the gold refining world. Please browse our variety of precious metals products and. Lastly, most 1-kilo gold bars are Precious Metals IRA eligible. The names can be applied to various other metals, but normally refer to gold and silver bullion bars. To gain a better sense of gold bar weight, check out our list of the most common gold bar weights pictured in context with some everyday objects: For sales inquiries, please call our gold bar experts at (800) 775-3504. Click here to see what one ton of gold looks like and what it’s worth today. Bullion Exchanges carries the best priced 1-kilo gold bars for our customers. What many people don't realize is that gold bars come in a large variety of weights and sizes, allowing just about everyone the ability to invest in a denomination of gold that works within their budget. [6], The super-size is worth more than the standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 438.9 oz) nominal weight. The current price per unit of weight … One tonne = 1000 kilograms = 32,150.746 troy ounces. It weights about 400 ounces, or 25 pounds. They contain at least 99.5 percent gold. Gold bars can be minted in sizes ranging from 0.5 grams all the way up to 250 kilograms- which is the weight of the largest gold bar in the world. This gives the bar a rugged quality, but by no means lowers its value as a .9999 fine gold bar. Although the Good Delivery 400 oz gold bar weights are often not homogeneous, this makes their record-keeping and fungibility quite painstaking. It went on display at the Toi Gold Museum on 11 July 2005. A gold bar, also called gold bullion or a gold ingot, is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping.