Gold Bullion Bars made of 99.5% to 99.99% pure gold, bullion bars come in a variety of sizes, styles and brands.
Bars range in size from 1 gram to 400 ounces. The most popular and liquid sizes are the 1-ounce, 10-ounce, 1-kilogram, and 100-ounce bars. The bars can be “cast” or “minted”. There are many different “hallmarks” (the name/brand for the refiner who produced the bar). Small bars, 1-ounce to 1-kilogram, are manufactured to precise specifications and contain the corresponding amount of pure gold.
Large bars, 100-ounce and 400-ounce, are “odd-weight” bars. “100- ounce bars” can actually weight between 95- ounces and 105 ounces. “400-ounce bars” can actually weight between 350-ounces and 430 ounces. Large bars are bought and sold based on their fine metal content (i.e., their gross weight multiplied by their fineness). Gold bars can be shaped differently depending on the brand.
Gold bullion bars are great for IRA’s where they can be sold at a moment’s notice. However, gold bars are not as easily liquidated because they may have to be assayed as to value. We at Buy Gold and Silver Safely buy back everything we sell.
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