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Market Information About Gold
Bars
According to Her Majesty's Customs
& Excise:-
"Investment gold (other than investment gold
coins) is defined as: "gold of a purity not less than 0.995%
that is in the form of a bar, or a wafer, of a weight accepted
by the bullion markets".
For the purposes of
this definition, bars and wafers are commonly traded in the
following weights:
|
Accounts |
Weight
|
Kilos |
Grams |
Ounce |
|
London Good Delivery Bar |
12.5
kg |
12.5 |
12,500 |
400 |
| Kilogram
Bars |
1
kg |
1 |
1000 |
32.15 |
| G-500 |
500 gram |
0.5 |
500 |
16.07 |
| G-250 |
250 gram |
0.25 |
250 |
8.04 |
|
G-50 |
50
gram |
0.05 |
50 |
1.60 |
|
G-40 |
40
gram |
0.04 |
40 |
1.28 |
|
G-30 |
30
gram |
0.03 |
30 |
0.96 |
| G-20 |
20
gram |
0.02 |
20 |
0.64 |
| G-10 |
10
gram |
0.01 |
10 |
0.32 |
| G-5 |
5
gram |
0.005 |
5 |
0.16 |
(1oz = 28.3495 grams)
G-5
G-10
G-20
London Good
Delivery Bars
The only size bar normally used in major
international markets is the London Good Delivery Bar, which
as you can see from the above table is 400 ounces or 12.5
kilograms. Most gold stored by central banks is in this form.
At around £70,000 each, these are not a convenient size for
most small investors.
Kilo
Bars
One Kilo Bars are a convenient weight, being a
nice round number, and easy to track the price. Because they
are worth £5,500 to £6,000 they are above the UK notification
level, so it is perhaps natural that smaller sizes will be
more popular.
Smaller
Bars
Smaller bars, such as fractional kilo bars, and
one ounce bars, combine convenient size with reasonably low
premium.
Ultra Small
Bars
Weights such as 20 gram are so small that the cost
of production dictates that their premium over gold content is
too high for big investors, but they can make attractive small
investment items.
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|
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