GOLD BAR - 10 oz
Ten ounce gold bars
The ten troy ounce gold bar is an investment grade gold bullion bar weighing exactly 10 troy ounces, or 311.034768 grams. A gold bar – 10 oz has a fineness, or gold content, of at least 99.9%.
Ten ounce gold bars are normally rectangular in shape and would be either produced as cast or minted bars. Since they are manufactured by a variety of refineries and government mints, the look and feel of a 10 oz bar can vary.
Marketsforu only sells gold bars of recognised and widely-traded brands. These would include 1 kg gold bars from such highly regarded refineries as Johnson Matthey, Credit Suisse, Pamp Suisse,Heraeus, and government mints such as the Royal Canadian Mintand the Perth Mint.
A gold bar – 10 oz can make a nice gift but it can also be added to Irish investment portfolios. 10oz bars are conveniently sized, affordably priced, and are well-known in the international marketplace.
The 10 oz gold bar size is a popular size, made by a number of the world’s gold refineries. Therefore, the marketplace is liquid due to the large number of bars that have been produced historically, and the extensive dealer network that ensures competitive pricing.
As a form of physical gold ownership, 10 oz gold bars allow investors to gain easy exposure to the gold price.
10 oz gold bars provide a cost-effective way to build up a physical gold holding so as to diversify an investment and savings portfolio. Acquiring gold in 10 oz bar format allows investors to accumulate their gold holding over time and not need to time the purchase compared to if they were making one large purchase.
The exact 10 troy ounce weight makes the 1oz gold bar easy to value and price since the real-time international gold price is quoted in terms of dollars per troy ounce.
10oz gold bars qualify as investment gold and so are free of Irish import duties and VAT
The compact size, durability and portability of 10oz gold bars allows for easy storage options.
Each 10oz bar has a minimum purity of 0.995 and is normally 0.999 pure or even 0.9999 pure.
These bars contain exactly 10 troy ounces of gold.
A critical decision for investors when buying investment gold bars is where you want to store your investment. The compact size, durability and portability of the 10oz gold bar allows for easy storage options. However, 10oz gold bars are quite valuable and need to be securely stored, and with the rising risk of burglaries in Ireland you should not store too many valuables at home.
There are two main options available, either:
Take delivery of your coins at your address ensuring that you have adequate facilities and insurance in place or;
Store you investment gold coins with a secure third party.
Marketsforu offer clients fully insured secure storage facilities in many international locations such as Switzerland, UK, USA, Australia and Asia.