UK Gold Bars Overview
When it comes to investing in gold bullion, gold bars can potentially offer investors and collectors a vehicle for acquiring gold bullion at reasonable premiums and in larger quantities. While the typical gold bullion or gold coin is bought and sold at a weight of one ounce or a fraction of an ounce, gold bars come not only in the one ounce and fractional ounce weights but several larger weights as well including 10 ounce, 1 kilo and even 400 ounce. Because gold bars can be produced in large quantities and they do not carry a face value, bars may potentially provide investors a way to acquire more total ounces of gold per dollar spent.
There are a number of gold bars produced in the UK that may be an excellent choice for any portfolio. The Royal Mint is a top UK fabricator of gold bars and offers gold bars in numerous weights and designs. The Royal Mint has a long and rich history. The Mint has commemorated many significant points in British history from wars to scientific advances, and its products tend to feature rich designs with a great deal of symbolism.
Some examples of gold bars produced by The Royal Mint include:
The 1 gram gold bar: This lightweight gold bar contains 1 gram of 999.9 percent fine gold. Because of its smaller weight, these gold bars are relatively less expensive than similar bars of larger weights, and they may be more affordable for smaller investors and those on a tight budget. These bars feature The Royal iInt logo on the obverse, along with the bar’s weight, purity and unique serial number. The reverse of this gold bar features an angled, repeating pattern of “RMR” which stands for Royal Mint Refinery.
The 1 kilo cast gold bar: This gold bar is cast, giving it a very different look from a traditional minted bar. Cast gold bars are produced by pouring liquid gold into molds, and then allowing them to cool. This gives the bars a rugged, almost aged type of appearance, and no two bars are exactly the same. Like their minted bars, these cast gold bars from The Royal Mint feature the Royal Mint Refinery logo on the obverse as well as the bar’s weight, purity and unique serial number. The bar’s reverse is left blank. The 1 kilo weight bar contains 1000 grams of 999.9 percent fine gold.
Gold bars are easily stacked, and can be stored in a home safe, a bank safe deposit box or the depository of your choice. If you are simply looking to acquire as many total ounces of gold as possible, then gold bars may potentially offer a per-ounce cost savings over gold bullion or numismatic coins. Cast gold bullion bars may potentially offer a per-ounce cost savings compared to minted bars, as they can be produced faster and at a lower overall cost.