Unlike many gold coins, gold bars are typically not produced with intricate and unique designs that majorly impact the bar’s market value. Bars are, however, minted with identifying marks that provide details about the bar’s producer, weight and gold purity, and sometimes a serial number for identification.
- Fast, high-volume diversification: Due to their size and simplicity, gold bars are one of the fastest ways you can build your precious metals portfolio. When time is of the essence, buying gold bars can be your quickest means of achieving large-scale gold ownership.
- More ounces of gold, for less: You can typically purchase more ounces of gold for less than if you bought the same amount of gold as individual coins.
- Easy storage: The compact size, durability, and portability of gold bars allow for a variety of easy storage options. Gold bars can be stacked or stored side by side, with or without protective packaging.
If you’re still wondering how gold bars can help support your precious metals portfolio and build wealth that lasts for generations, call U.S. Money Reserve. Experienced Account Executives are standing by to answer your questions and help you choose the right gold bars your portfolio, even if that means starting with a smaller 1 oz. or 10 oz. gold bar.
The production quality of the 1 Kilo Gold Bar is easy to see. Smooth sides, rounded corners, discreet stampings. The 1 Kilo Gold Bar is as beautiful and aesthetically powerful in its simplicity as any gold coin.
The history of gold bars, especially bars as large as 1 kilo, is hard to trace. Some historians believe that the first mention of something like a gold bar dates back to Ancient Rome, though the earliest “gold bar” probably looked more like a lump than a smooth, rectangular brick.
Well, how much does gold cost? Gold bars are plain gold, pure and simple. The market value of a gold bar is almost entirely based on its weight in gold. A bar’s price closely follows the spot price of gold, i.e., the price at which you could buy one ounce of gold right now (“on-the-spot”) as opposed to some date in the future.
The Roman author Tacitus references a story told by Cesellius Bassus wherein he claims to know the location of “immense stores of gold, not wrought into the form of a coin, but in rude and shapeless ingots.” Ingots were made from pouring molten gold into a clay mold. These molds were refined over time and may have eventually led to the production of smoother, more recognizable gold bars.
The most attractive aspects of owning gold coins—the majesty of their color, the quality of their production, the heft of tangible wealth in your hand—seem to increase with a 1 Kilo Gold Bar. The feeling goes beyond the sheer volume of the gold bullion bar, which, by weight, is roughly equivalent to 32 one-ounce gold coins. It’s a large number, but not large enough to explain how compelling it is to hold a 1 Kilo Gold Bar. The answer comes down to the gold bar’s outstanding purity and the many reasons to own gold bars.
This 1 Kilo Gold Bar boasts 32.15 ounces (or 1,000 grams) of .999 pure gold and is a fantastic option for long-term holds. In general, gold bars are a convenient form for large gold purchases and help buyers meet their diversification needs. The main advantages of buying gold bars as large as 1 kilo include:
Produced at only the most trusted mints around the world, the 1 Kilo Gold Bar boasts 32.5 ounces of .999 pure gold and is a fantastic option for long-term holds and large volume purchases.
Buy 1 Kilo Gold Bars made of 99.9% fine gold from top mints. Shop 24k gold bullion bars at low prices. Gold bars ship fast and secure, from U.S. Money Reserve.
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Fast forward to today, after working years in the precious metals business, I now truly understand the value of the metal; I could never justify spending $5,000 on a fancy-brand name bracelet which has solely $800 of gold value.
So when I heard about new-concept company Mene, which offers beautiful, current pieces with prices based on the spot price of gold or platinum on the day – I needed to give it a go.
(Kitco News) – I vividly remember during a summer vacation when I swapped with a best friend of the moment, my gold bracelet for a silver one. I thought a bracelet, was a bracelet вЂ“ a gesture of friendship.
The website, Mene.com is user-friendly, making it easy to browse, view and buy.
But unlike, brand names such as Cartier or Tiffany& Co., which charge a high premium, Mene has brought jewelry back to its elements and aligned prices with weight and the actual value of the day.
Being sixteen at the time, I clearly had no concept of spot prices or values.
Mene, named after the ancient Aramaic word for money (which was gold at the time) вЂ“ the company is selling what it calls, “investment jewelry,” – pieces made of solid, 24-karat gold and platinum, all responsibly mined in the U.S. and Canada.
Only until I got home and shared the news, did I learn (or more like, I was scolded) — on how in the world could I swap gold for silver?