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How is the worth of gold bars determined?

Published by Tavex Analysts in category Precious Metal Information Guides, Tavex News on 09.02.2023
Gold price (XAU-GBP)
1,883.05 GBP/oz
  
- GBP6.70
Silver price (XAG-GBP)
22.40 GBP/oz
  
- GBP0.26

Gold is a rare commodity that is extremely valuable. Gold jewelry, such as earrings and bracelets, have been a significant aspect of various cultures for many years. They symbolize royalty, sophistication, and wealth. However, authentic pieces of gold are much more intricate than many people understand. There are different types of gold bars, purchasing them can be complex, and their actual value can be surprising. These valuable metals might be worth more than you expect.

Different Forms of Gold Bars

Gold is a valuable asset that must be easily recognizable in terms of its worth, similar to any form of currency. Gold bars and coins come in various sizes and shapes from various mints. Gold bullions can either be cast or minted. Cast bars are created by pouring melted gold and letting it solidify, which often results in an uneven and cheaper product, but also makes them easier to identify. On the other hand, minted bars are precisely cut to a specific dimension, making them even and smooth. All gold bullions are marked with serial numbers and come with a certificate of authenticity to prevent counterfeit or stolen bullions. Larger, minted gold bars usually come with protective packaging and a security feature.

100g Valcambi Gold Bar, Tavex, gold bar In Stock

100g Valcambi Suisse Gold Bullion Bar

We sell 1+ £6,235.61 5990.13 5990,13 5990.13 5990,13 5990.13 5990,13 6235.61 6235,61 6223.5 6223,50 6205.34 6205,34
We sell £6,205.34 5990.13 5990,13 5990.13 5990,13 5990.13 5990,13 6235.61 6235,61 6223.5 6223,50 6205.34 6205,34
We buy £5,990.13
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How To Acquire Gold Bars

When purchasing gold, it’s important to only buy from reputable sources to minimize the risk of fraud. Make sure the dealer is partnered with known refineries and mints, such as The Royal Mint and PAMP. You can choose gold bullion based on factors like weight, quantity, and price. To save money, consider buying in larger quantities and using transfer payments. Before making any online purchases, make sure to check the seller’s feedback. When buying gold, ensure that it is at least 90% pure weight, which is considered investment-quality. If you’re looking to invest, definitely consider gold coins as British coins are CGT exempt and can hold numismatic value in addition to the value of gold.

How To Get Your Hands On Gold

When buying gold, you’ll want to make sure you are going to reputable websites to reduce your chance of fraud. You will want to choose the gold bullion based on the weight, quantity, and price. If you are looking to save money and own a gold bar, there are discounts for larger quantities offered by Tavex.

The Size of Gold Bars

It’s important to remember that even small gold bars can have significant value as gold is a rare and precious metal. Gold bars are available in various sizes, ranging from 1 gram to 1 kilogram, to make the purchase, transportation, and storage of gold more secure and cost-effective. The smallest size for investment purposes is 1 gram, but the smaller the size, the more expensive it becomes. The sizes go from 1 gram to 20 grams, 1 ounce, and so on. The largest gold bar available for public purchase is the 1 kilogram bar, which is roughly the size of an iPhone. While these bars may appear small, their worth is substantial due to the rarity of gold. While acquiring the larger gold bars is ideal, it’s important to note that all sizes have good value.

The Value of Gold Bars

When determining the value of gold bullion, several factors play a role in its worth. Quantity, current market price, percentage of gold, condition, design and size are the main determinants. Larger gold bars typically have higher values. Cast bars generally have lower premiums due to the production process, while minted bars have a higher premium. The price of a 1-gram gold bar is around £60, while a 5-gram bar is worth around £300 and a 10-gram bar is valued at around £500. The value increases as the size of the bar grows, with a 1-ounce bar costing around £1,600 and a 100-gram bar costing around £5,000. A kilo bar can be worth around £50,000, all depending on the current market price. These numbers illustrate just how valuable gold bullion, even in smaller sizes, can be.

The 1000 gram gold bar is manufactured by Valcambi, Switzerland's largest precious metals foundry. In Stock

1kg Valcambi Suisse Gold Bullion Bar

We sell 1+ £61,750.81 59901.42 59901,42 59901.42 59901,42 61750.81 61750,81 61569.19 61569,19
We sell £61,569.19 59901.42 59901,42 59901.42 59901,42 61750.81 61750,81 61569.19 61569,19
We buy £59,901.42
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How To Preserve Your Collection?

It is essential to follow the key principle of handling your gold collection only when it is absolutely necessary. Storing your gold in a place like your home is a great option because it offers a tangible form of investment. Unlike stocks or bonds, which can only be accessed through a brokerage account, gold is a physical asset that you can hold in your hand and access at any time.

This tangible aspect of gold is one of its greatest advantages, as it provides you with the assurance that you can always access your investment if you need to. Furthermore, storing your gold at home gives you full control over your assets, allowing you to make decisions about how and when to access them. With the peace of mind that comes with having a tangible asset like gold, you can feel confident in your financial investments. Furthermore, this will help you to avoid losing any of the money you invested in your gold collection.

The market value could make someone financially secure, but only if the collection is well-maintained. Minor scratches may decrease its value, but gold still retains its worth.

To sum up, gold, especially high-quality gold, comes with a substantial price tag. Hence, it is crucial for investors and collectors to take the process of buying and storing gold seriously. Before investing in gold of any size or shape, it is vital to have a well-thought-out plan. The worth of gold makes it imperative to keep a close eye on your collection.

It has the potential to significantly improve your financial situation, depending on how well you manage your collection. It is important to be vigilant about authenticity, size, and condition to ensure that you receive what you pay for. Keep in mind that there are many counterfeit gold dealers in the world, so be cautious when trusting a dealer too easily.

With over 30 years of experience, Tavex has served millions of customers across Europe, offering a personal approach to every client, portfolio tracker, price alerts, special offers and much more. Our customer base includes private individuals, high net worth clients, businesses, and financial institutions. Tavex Group serves more than 2 million clients annually and has sold nearly 40 tonnes of gold to nearly 12 million clients in the last 7 years. Tavex only partners with the top refineries and mints in the world, providing products that guarantee the highest level of trust and quality for our clients. With a commitment to excellence and a proven track record of serving millions of satisfied customers, Tavex is the partner for anyone looking to secure their golden future.

 

Gold price (XAU-GBP)
1,883.05 GBP/oz
  
- GBP6.70
Silver price (XAG-GBP)
22.40 GBP/oz
  
- GBP0.26

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