Sale 1 oz Australian philharmonic silver coins as low as 5.44 above spot

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FAQ


Are Gold Bars a good investment?

Gold Bars are a great investment because gold is not only scarce, but it holds value over time. Gold will continue to rise in price and can be used as collateral against some types of investments. Gold bars also have the advantage that they don’t expose you to inflation risk like paper currency does.

Are Gold Bars pure gold?

Most of the gold bars are made up of 99.99%(24-karat) fine gold. Some of the African gold bars are made up of 22 karat fine gold. 24 karat gold bars are referred to as pure gold but they are not technically 100% pure gold. 24 Karat gold bars has .001 grams of non-gold material for every kilogram of weight already present when melted down.

How are Gold Bars made?

Generally, gold bars are made in two distinctive ways i.e cast method and the mint method. The smaller bars are minted. A sheet of gold is stamped, cut, and shaped into the required shape and weight. These minted bars are exceptionally clean with a perfect finish. Larger gold bars are made using a cast method. Ingots are made by pouring molten into molds of a certain size. These have a more natural finish and are usually rougher.

Are Gold Bars legal in United States?

Yes, Gold bars are legal in the United States. Gold Bars can be traded in USA without any special license.

How much are Gold Bars worth?

Gold bars are worth their gold content. The gold in a gold bar is priced based on the live spot ounce price of gold and its fineness(e.g., 22k, 24k). The live spot price of gold can fluctuate daily depending on supply and demand trends as well as international market factors.

Do all Gold Bars have serial numbers?

Yeah, most of the gold bars have the serial number inscribed on their surface which in some cases helps in determining the authenticity of the gold bars. The serial numbers are not the important factor that determines the value of the gold bar. The gold bar’s purity and weight are the only factors that determine their value.

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