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A gold bar comes in a rectangular shape, and comes in many different sizes and weights. They can also be categorized differently. How much they weigh depends on the size of the gold bar. The easiest way to categorize a gold bar is by their size.
One of the most popular and commonly traded gold bar size are one-ounce gold bars. They are a more affordable option and perfect for those who wish to invest in gold bars but are on a tight budget. Small gold bars also come in a variety of weights, including 1 gram, 5 grams, 10 grams and 20 grams.
Gold bars also come in larger sizes that are more than an ounce. For investors who wish to spend more and invest on larger gold bars, the most popular sizes include 50 grams, 100 grams, and 250 grams. There are even larger gold bars that weigh 10 ounces, 400 ounces and even a kilogram.
Larger gold bars are higher in value and are an ideal option for investment and storing at home. These gold bars can also be stored in a bank safe, or a depository. Some gold bars also come with proof of authenticity like an assay card that states the gold’s purity and weight. Other bars come with a serial number as a mark of authenticity and quality.
Gold bars can come minted or cast. Minted bars are smoother and have a brighter shine while cast gold bars are made by pouring molten gold into molds.
Silver bars come in a huge variety of shapes and sizes. How much they weigh is largely dependent on how big they are. Silver bars can range from 1 gram to 5 kilograms or more. Silver bars are typically produced by private refineries. The only exceptions are the Perth Mint of Australia and the Royal Canadian Mint. Silver bars come at a lower cost than bullion coins that are legal tender at the same purity and weight.
A 100 ounces silver bar typically weighs only 6.86 pounds, which make them easy to stack and store. They are uniform in shape and are not very heavy.
Most 100 ounces silver bars are pure. This means that investors are able to store many silver bars in a relatively small space. 100 ounces bars are accepted as trading units. This allows them to be bought and sold easily by investors.
Silver bars are either minted or poured. Poured bars are made by pouring liquid silver into molds. On the other hand, minted silver bars are cut and then stamped with a design. Making minted silver bars are a lot simpler and faster than making poured, individual silver bars. However, many investors are willing to pay more for poured bars due to its more rustic design.
Royal Canadian Mint produces the most readily available s100 ounces silver bars. Other major producers of 100 ounces silver bars are Asahi and Sunshine Minting.
The retail price of a piece of jewelry is an indication of its value. However, retail price is for insurance purposes only and also applies to new pieces. Consumers usually have their jewelry pieces that have just been purchased appraised to find out how much it will take to have them replaced.
There are two different types of jewelry replacement insurance which are referred to actual cash value and agreed value insurance. A large percentage of consumers often buy actual cash value insurance and such buyers need to know that this type of policies do not make it mandatory for the insurer to pay them the appraised value. However, the insurer works with the replacement value of the jewelry.
This is defined by insurers as the actual cash value before depreciation due to wear and tear and obsolescence of the jewelry piece. The premium is calculated on the degree of risk which means that the insurer can pay a much lesser amount than the figure stated on the policy.
Agreed value policies offers a guaranteed full-dollar amount that is equivalent to its retail replacement value. Such a policy is usually more expensive than actual cash value policies as it represents an agreed up-front value that will be paid in case of a theft or loss. Nevertheless, this means that there needs to be an adjustment to the value every two years or so to reflect the exact retail market price.
Gold is an extremely rare metal that’s facing higher and higher demand each year. This has been driven by an increase in interest from the Asian market. Did you know that India is the biggest gold customer, accounting for more than 20% of the world’s gold? You may be wondering why there is such a high demand for gold – the answer lies not in its industrial applications, but in its extreme rarity. To add to that, the amount of gold that exists is limited. When demand goes up, so do mining efforts, but that can only mine what is already there, not produce more.Know More
Despite there being pricier precious metals out there such as platinum, gold remains one of the most sought after precious metals in the world. Its density, which stands at 19.32g/cm3, makes it one of the densest elements on Earth. Have you ever held a small gold bar in your hands and was astonished at how heavy it felt relative to its size? That’s because of its high density.Know More
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