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Makar Vorobyov
Makar Vorobyov

Buy 10 Oz Gold Bar

Ten oz gold bars are more of a medium-sized gold bars as there are plenty of bars smaller than them and a few bigger than them, as well. These bars are offered by a variety of different companies, though the selection of companies producing 10 oz gold bars is significantly smaller than those producing 1 oz gold bars.

buy 10 oz gold bar

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There are quite a few different producers of 10 oz gold bars, and due to this fact, the price you pay for a 10 oz bar will vary slightly depending on who produced the bar. In reality it does not matter who produced the bar so long as it is 10 ounces and carries a purity of .9999. Seeing as most investors have an end goal of reselling their gold in hopes of turning a profit, finding a 10 oz bar for the lowest possible price is imperative.

Like their smaller 1 oz counterparts, 10 oz gold bars are easy to handle and store due to the fact that, despite their massive value, their size is quite small. Ten oz gold bars are able to fit just about anywhere safely and securely. Many people are under the impression that in order to invest in precious metals it is a requirement to own a vault or lock box, though such is not the case. So long as you have a small, safe place set aside in your residence, your gold bars will be just as safe as they would be in a lock box.

Some of our 10 oz gold bars are accompanied and protected by an assay card. An assay card is more or less a plastic housing with a certification that works to both protect your gold bar and certify its authenticity. While some of our 10 oz gold bars are accompanied by protective assay, others are shipped to you with a separate assay card which looks more like a business card.

Some other gold bars, instead of having an assay card, simply have a serial number stamped into the bar itself. This serial number is unique to your bar and your bar only and can be verified by the producing mint.

As the weight of gold bars goes up, the number of producers offering gold bullion bars tends to go down. Only the largest producers of gold bars offer up 10 oz gold. Though it is a popular weight with serious investors, it is not as affordable as options at 1 oz and below in the 1 Gram, 2.5 Gram, and 5 Gram range. You will commonly find 10 oz gold bars produced by the likes of the following mints:

Investors who are focused on buying gold at the lowest cost should take a look at 10-oz bars. It is one of the largest sized bars to be widely traded outside of the futures markets, and, because the manufacturing cost is lower on a per ounce basis the buyer can expect to save.

This article will focus on why the 10-oz. gold bar is popular, and compare its availability and accessibility to other bars and bullion coins. We will also explain premiums and why prices vary slightly from one gold bullion product to another.

Ten-ounce gold bars are easy to find, though smaller bullion dealers may not have a large inventory on hand. Whether you are looking to buy several or you want a single bar for your stack, Money Metals Exchange will be able to accommodate your needs.

Fortunately for investors, the bullion market is extraordinarily competitive and premiums are driven down by market forces. In general, 10-oz. gold bars come with a lower premium than gold bullion coins. This is in part because government mints charge more than private refiners for producing the coins. The larger unit size also helps. The cost of manufacturing a 10-oz bar is nowhere near 10 times the cost of producing the equivalent weight in 1-oz bars.

Although 10-oz. gold bars are attractive due to the lower premiums, they are not as popular or widely traded as the most popular gold coin 1 oz. It is safe to say that the gold bar will cost less per ounce to buy, but it will also bring less when it is time to re-sell. For investors who want maximum liquidity, the gold coins from the US and Canadian mints are hard to beat.

After setting aside cost, the primary difference between bars and coins is one of aesthetics. Some investors will choose coins over 10-oz. gold bars because coins have widely varied designs and can offer some historical or ideological interest. Other investors will prefer the look of bars. And, perhaps most often, gold fans will accumulate some of both.

Ten-ounce bars are a great option for buyers whose main priority is to buy gold at the lowest possible price per ounce. These bars typically come attractively packaged in an assay holder, protected from scratches and scuffing. The certification included on the package will provide some assurance that the bar is genuine and untampered.

10 oz Gold bars are normally rectangular in shape and are 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 gold bar can vary.

10 oz gold bars are sought after by both investors adding bullion to investment portfolios and by a store of value buyers alike. 10 ounce gold bars are conveniently sized, affordably priced, and are well-known and liquid in the international marketplace. They generally are sold for slightly lower premiums than 1 ounce gold bars or gold coins (1 oz).

Each 10 oz gold 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. GoldCore only sells gold bars of recognized and widely-traded brands from LBMA-approved refineries such as Johnson Matthey, Credit Suisse, MKS PAMP, Heraeus, and government mints such as the Royal Canadian Mint and Perth Mint. Perth Mint gold bars remain our most popular bullion bar.

We deliver gold bars and coins fully insured to our American clients throughout the United States from our depository partner vaults in Delaware. We offer all major bullion bar and coin products for delivery and storage and you can pay by bank wire, by credit card or by debit card.

Many of our U.S. clients opt to store their gold bars in fully insured, offshore Secure Storage locations. We specialize in offering U.S. clients access to allocated and segregated bullion storage in secure nonbank vault partners in safer jurisdictions in the world such as Zurich, Hong Kong, London and Singapore.

American investors or bullion buyers buy 10 oz gold bars normally to secure lower gold prices per unit. They normally keep them in Secure Storage and rarely take delivery. Investors also buy 1 kilo gold bars for storage as well as buying 10 oz gold bars. 1 kilo Gold bars have 32.1507 of pure gold or a little over three times the weight of a 10 oz gold bar.

Many investors prefer buying 10 oz gold bars which allow for increased divisibility when selling your gold. For investors investing on a long-term basis we advise a mix of gold bar formats, thus benefiting from on average lower premiums and allowing for most eventualities. GoldCore also allows clients to swap in and out of some gold bar formats without cost in certain circumstances.

In order to determine the gold price of a 10 ounce gold bar, simply multiply the spot price of gold by the number of gold troy ounce in the gold bar (10 ounces) and then add or subtract the current premium for that gold bar.

10 oz gold bars typically command premiums of between 3% and 4% with GoldCore who offer some of the most competitive premiums in the gold market both for delivery and storage. 10 oz gold bars are great stores of value, are easy to store and if produced by a reputable refiner are easy to sell. Most clients buy 10 oz gold bars for secure storage and for the long haul.

Gold bullion is universally recognized as a sign of wealth. No other metal expresses this idea better than this one. Gold bullion bars have been used for economic trade by different nations since Ancient Rome, without any historical connection to one singular culture or country. This universal acceptance is still valid and usually makes gold bars appealing to investors all over the world.

Gold bars can be a great option for those who want to invest in diversified properties and maintain wealth despite economic variations. Conveniently sized for storage and usually affordably priced, 10 oz gold bars could be an interesting option for investment portfolios.

Minted Gold Bars demand a more detailed production process. Refiners make them using blank gold bars and then engrave them with special designs and inscriptions. The final product is a more uniform bar, with a smoother appearance and shine. On the other hand, Cast Bars production is simpler and faster. Basically, molten gold is poured into molds prepared with the markings and a simplistic design. Compared to Minted Bars, Cast Bars may seem less refined, but the lower costs of production makes them less expensive and might even carry lower premium prices.

Gold Bar weights can vary from 1 gram gold bars to 1 kilo gold bars. A 10 troy ounce gold bar corresponds to approximately 311.03 grams of .9999 fine gold. Most refineries and mints produce these 10 oz gold bars using both techniques, Minted and Cast Gold Bars, and traditionally in rectangular shape.

The main reason to buy gold bars is gold itself. Gold is one of the most noticeable precious metals, used for different purposes along history, but specially for trade as minted gold coins and bars. Due to its intrinsic value, gold tends to maintain its wealth despite economic fluctuations and, therefore, it might be considered a long-term investment.

A 10 oz Gold Bar could be an option if the investor is up for a single high financial input. These bars may have lower premium prices than smaller bars, which allow investors to buy a significant amount of gold for affordable prices. The same idea applies to any large gold bar, like 5 oz gold bars as well.

Another interesting aspect is easy storage. A 10 oz gold bar is smaller: approximately 311.1 grams of .999 fine gold in a rectangular shape. Compact and portable, they can be stored at home safes, bank deposit boxes or any other place you prefer.

The value of a 10 oz gold bar is easy to calculate. Simply take the current gold spot price and multiple it by ten. The spot price of gold is based on one troy ounce of pure gold. And a 10 oz gold bar containes 10 troy ounces. Therefore, multiplying these two numbers together gives you the base value of a 10 oz gold bar. Next, simply add in the posted dealer premium and you have the total value of the 10 oz gold bar you are looking at purchasing. 041b061a72


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