Gold bars are essentially a block or quantity of gold manufactured to certain standards, and is often held by central banks on behalf of investors. The London Good Delivery gold bar is the standard bar held in the United Kingdom and weighs around 12.4kg. These are often traded by gold bullion dealers. The largest gold bar on record weighs in at 250kg, owned by the Mitsubishi Minerals corporation. It"s estimated value as at 2005, was around US $3.5 million. Gold bars can be minted or casted, depending on the manufacturing process.
Investing in gold bars
How to invest
It is very common to sell gold bullion bars as well as trade and purchase them, as an investment. Every gold bar has an individual shape and style, depending on the country producing them. For example, the hologram bars of Switzerland, the doughnut bars of China and the rainbow bars of Japan. Investing in gold bars has provided a stable and secure way for consumers to invest in gold. There are pros and cons of investing gold bars. When there is a period of social or economical uncertainty, there will almost certainly be an increase in the demand for gold, as it is seen as a "safe haven" for investors. You can invest in gold bars by purchasing them from gold dealers, gold buyers or directly from banks. It has been suggested that the Good Delivery gold bars are the best and most secure option for the investor.
Selling gold bars
There are a variety of methods of selling gold bars, which can sometimes prove time-consuming and relentless. You can consider selling your gold bars to Postal Gold, where they will be melted down and refined into new gold products. Your gold will be assessed for weight and fineness, and within 24 hours, we send you payment for your gold. You simply request a free, up to 500£ insured gold kit, with which you send in your gold bars for evaluation. If you are not satisfied with the price, there is a 100% satisfaction or gold back guarantee, whereby you simply contact Postal Gold within 14 days of the payment issue date, return the money to Postal Gold within an additional 14 days, and you will have your metal back. For full details, please refer to our Terms and Conditions.