Here you will find answers to the following questions:
1. Why a bar?
2. How much does a troy ounce weigh?
3. Why a one-ounce bar?
At a glance
- Bars – along with coins – are the primary form of investment gold available on the market.
- For technological and design reasons, bar production is cheaper than coin production.
- The one-ounce bar (31.1 g) is the most popular weight of a placement bar
The most popular gold investment product on offer is the one-ounce bar. A troy ounce (also known as a jeweler’s ounce) is a unit of measurement used to determine the weight of precious metals such as gold, silver or platinum.
There is also an international ounce in the measurement system, which corresponds to a weight of 28.34 grams. It is used primarily to determine the weight of food products.
Paweł Svinarski
“Z Goldsaverem kupujesz fizyczne złoto w formie sztabek, a nie jakieś opcje na złoto czy inne papiery wartościowe oparte o złoto, którego tak naprawdę wcale wtedy nie posiadasz. W dobie niepewności na rynku, warto mieć coś co faktycznie posiadamy pod ręką”
The Troyes ounce derives its name from the French city of Troyes, which served as an important trading center in the Middle Ages. It is assumed that it was there that a standardized unit of weight equivalent to 31.1 grams was created to facilitate international trade settlements.
Today, the troy ounce, denoted by the symbol oz, is the basic unit of weight of precious metals, in which stock market quotations take place gold prices.
Why a one-ounce bar?
The one-ounce bar is the most popular form of investment gold on the market, valued and recognized around the world. Bars of this weight are offered by all reputable suppliers of physical gold, their popularity is due to several factors: they are handy, easy to store and attractively priced. For technological and design reasons, the production of bars is cheaper than the production of coins.
Find out why a 1 ounce (31.1 g) bar?
The price of a gold bar is made up of the exchange rate of gold and the costs of production, packaging, logistics and margin. Taking each of these factors into account, it can be assumed that the price of a one-ounce bar is more favorable than smaller bars.
Find out what goes into the price of a gold bar?
On the market, in addition to the one-ounce bar, there is a wide weight range of gold bars: 1 g, 2 g, 2.5 g, 5 g, 10 g, 20 g, 1 oz, 100 g, 250 g, 500 g, 1000 g. Interbank trading uses 400 ounce (12.44 kg) bars, which meet the so-called “Good Delivery” standard. Good Delivery standard, set by the London Bullion Market Association (LBMA).
Find out what the LBMA is?
The world’s largest gold bar was cast in 2005. at the Japanese plants of the Mitsubishi Materials Corporation. The 250 kg, 999.9-grade bar is 19.5 cm wide, 40.5 cm long and 16 cm high and is housed at the Izu Gold Museum.
