Gold Bars provide investors with a cost-effective way to own gold at a lower premium. The absolute standard for gold purity in the bullion market is .9999 pure gold. Gold bars are often the first thing that comes to mind when considering gold bullion, and with good reason. Gold bars are found in a variety of sizes and designs. 10 oz. gold bars are popular with investors as they provide a larger amount of high quality gold with one easy purchase. Gold bars are produced by private mints and government mints around the world, including Johnson Matthey, Credit Suisse, PAMP, and the Perth Mint.
Perceval Norton Johnson set up business as a gold assayer in London back in 1802. George Matthey joined Johnson in 1851 and the name was changed to Johnson and Matthey. The firm was soon appointed as the Official Assayer and Refiner of the Bank of England. Fabricating and refining precious metals is one of their many specialties. Johnson Matthey is a leader in sustainability; their sustainability program won the Responsible Business award of The Year in 2014. Johnson Matthey is a private mint, and a highly respected name in the precious metal refining industry. Their 10 oz. gold bars are reasonably priced and highly liquid.
10 oz. Johnson Matthey Gold Bar
These Johnson Matthey gold bars contain 10 troy ounces of .9999 fine gold and are 99.99% pure gold. The front of these 10 oz. gold bars are stamped with the Johnson Matthey logo, as well as their weight of "10 OUNCES" and their purity of “.9999 FINE GOLD.” The reverse is blank. The approximate dimensions of these 10 oz. Johnson Matthey pure gold bars are 2 5/8"(L) x 1 1/4"(W) x 1/4"(H). These gold bars are eligible for Precious Metal IRAs.
Credit Suisse was established by Alfred Escher in 1856 under the name Schweizerische Kreditanstalt, or “Swiss Credit Institution” in English. This firm aided the development of the Swiss railway system, as well as the European railway system. Credit Suisse played a crucial part in Switzerland's history, developing the country's currency and funding entrepreneurial projects. Credits Suisse produces a variety of gold bars, all guaranteed to be .9999 pure gold. All Credit Suisse gold bars are backed by the Credit Suisse Bank of Switzerland.
10 oz. Credit Suisse Gold Bar
These Credit Suisse Gold bars contain 10 troy ounces of .9999 fine gold and are 99.99% pure gold. The front of these 10 oz. gold bars is stamped with the Credit Suisse logo, as well as their weight of "10 oz. FINE GOLD" and their purity of "999,9." Credit Suisse 10 oz. gold bars are also stamped with the bar’s unique serial number. The back of these gold bars are stamped with "CREDIT SUISSE" logos, which are repeated diagonally. The approximate dimensions for these 10 oz. Credit Suisse pure gold bars are 60mm x 35mm.
Produits Artistiques Metaux Precieux, or PAMP, is an independently operated precious metal refinery and world leader in the industry. PAMP is subsidiary of the MMS Group, which is a member of the LBMA (London Bullion Market Association). This credential is recognized as an indicator of quality in the financial services industry. PAMP was established in Ticino, Switzerland in 1977. PAMP Suisse offers a wide range of assay, refining, bullion bar casting, distributing, and minting services. PAMP is private mint and world leader in pure gold bars, and is known for its distinctive Fortuna design.
10 oz. PAMP Gold Bar
These PAMP Suisse Gold Bars contain 10 troy ounces of .9999 fine gold and are 99.99% pure gold. The front of these 10 oz. gold bars are stamped with PAMP's distinctive Lady Fortuna, the Roman goddess of fortune, also believed to be the personification of luck. The reverse side of these 10 oz. PAMP gold bars is stamped with the corporate logo, as well as "10 OUNCES FINE GOLD" to indicate the bar’s weight, and their purity of "999.9." These gold bars are also stamped with the bar’s unique serial number. The bars are 7.72mm thick.
The Perth Mint
The Perth Mint was established in 1899 and is Australia's official bullion mint. Despite the 1901 Federation, the Mint remained under the jurisdiction of Great Britain until 1970. The Perth Mint is a government mint that manufactures a wide range of gold and silver bars to suit all types of investors.
10 oz. Perth Mint Gold Bar
These Perth Mint Gold Bars contain 10 troy ounces of .9999 fine gold and are 99.99% pure gold. The front of these gold bars are stamped with the Perth Mint’s distinctive logo of a majestic swan. The front is also stamped with the bar’s purity of "99.99%" and weight of "10 OZ." The reverse of these gold bars features a diagonally repeating kangaroo icon, familiar to the Perth Mint. 10 oz. Perth Mint Gold Bars are approximately 9.5mm thick.
Purchasing and Storing Gold
When purchasing gold bullion, an important factor to keep in mind in determining the cost of a gold bar is the current price of gold. The price of a gold bar or any other gold bullion product will at least loosely represent the current spot price of gold in the market. A premium is commonly added and varies widely depending on the specific gold bullion item. Gold bars, especially larger gold bars, tend to have lower premiums, making them a preferred choice by investors.
Storing your valuable precious metal investment is a crucial part of owning tangible wealth. What really matters is finding a storage system that fits your needs. There are three basic ways to store gold: store it at home, pay a third party to store it, or use a bank safe deposit box. Depending on your needs, you may choose one particular method, or a combination. The storage method should consider what bullion is being stored; larger gold bars may do better in a bank, third party, or government safe, while smaller coins and bars will do fine at home, especially those highly liquid coins and bars.