gram gold bar is one of the smallest gold bars. It is not cast, but
produced as a gold plate. It is usually sealed in plastic together
with its certificate.
Who makes gold bars
bars are produced by various smelters, in Switzerland the following
LBMA certified refineries are the most important:
gold bars with bank logos are also produced by the previously
mentioned refineries. Argor-Heraeus produces the bars of the Zürcher
How gold bars are produced
are two production processes: stamping and casting. In both
processes, gold is first refined to a fineness of 999.9. Then the bar
casting process, the exact amount of gold granulate required is
melted and then cooled in a mould. Whether the gold is poured from a
crucible into a mould in a heated state or the mould itself is heated
with the granulate is irrelevant. The result is an ingot that has a
surface texture that is typical for this process.
stamping process, an ingot or strand is first formed into a long gold
strip, which is already close to the dimensions of the future ingot
in terms of both width and thickness. Then correspondingly heavy gold
plates are punched out of this gold strip, which are subsequently
embossed with the product and manufacturer logos.
the stamping process is usually used for bars of 100 g and smaller,
while the casting process is used for larger bars.
The purity of gold bars
purity of 999.9 is the predominant grade for gold bars in
Switzerland. In older bars, the finenesses of 999 and 995 can still
be found from time to time. The fineness 999.5, which is more
commonly associated with platinum, is unusual for gold, but possible.
the lowest purity that just meets the Good Delivery Standard defined
by the LBMA (London Bullion Market Association). Since Switzerland's
VAT ordinance is based on the international standards, 995 is the
lowest fineness that is still exempt from VAT. Bars with a purity
lower than 995 are subject to VAT.
What are the security features
bars are traded with a certificate from the manufacturer. When buying
precious metals, the customer should make sure that the certificates
are still available.
The price of gold bars
price of gold bars is based on the gold price on the stock exchange.
The spread, i.e. the difference between the purchase and the buying
price, always depends on the production costs and their relative
value to the gold bar. So the bigger the bar, the smaller the share
of production costs in the price.
The significance of LBMA
certification for gold bars
the LBMA, the London Bullion Market Association, sets the standards
for the production of gold bars. It is so influential that its
standards are also adopted in the legal texts of the various
countries. The LBMA is not only concerned with the production itself,
but also with the sustainability, traceability and conflict-free
origin of the gold.