Gold ingots are a type of gold bars, in that they are comprised of blocks of gold, in a variety of weights. The main difference between gold ingots
and other gold bars is that the ingot is usually cast, rather than
stamped, and is often thicker than other gold bars. Gold ingots are seen
as investments that must adhere to strict manufacturing standards. Gold
ingots must contain no less than a fineness of 995 (95% pure gold). The most common gold ingot or gold bar on the international gold market is the London Good Delivery
bar, which weighs in at about 12.44kg and can fetch anywhere up to
US$120,000 each. These are considered the most secure and the most
popular investment in the gold bullion bar market.
Investing in gold ingots
National gold bars
In addition to the London Good Delivery bar, many other countries
produce and manufacture their own unique gold bars, as is the case with gold bullion coins.
Some examples include the Australian Mint gold bar, the Vietnamese Chi
bar, the Hong Kong bank gold Tael bar, the Swiss Volksbank bar, and the
Sparkasse Austria bar. Each carries a different investment position and
popularity, depending on a variety of factors including rarity,
security, storage and insurance of the bars, as well as the economical
stability of the individual country where the gold ingot is stored or manufactured. Gold ingots are seen as a secure investment.
Unwanted gold ingots
If you are looking to cull or refine your gold ingot
collection, it can feel overwhelming to decide where to go and who to
trust with your gold ingot sale. It is difficult to know if you're
getting the best price for your gold ingot, particularly with so many
gold dealers and gold buyers on the market buying gold.
Postal Gold allows you do it all convenient and fast.
Simply order your free for up to £500 insured online gold kit, send in your unwanted
gold ingots, and they will issue a payment within 24 hours after assessment.