Buy 1 Kilo Gold Bars Online
A lot of people feel enchanted by precious metals, especially with the 1 KILO Gold Bar. Besides it’s value, gold bullion represents wealth. For centuries, different cultures have manufactured a diversity of gold bullion products, sometimes in order to show off, as a sign of superiority. Religious items, 24k gold jewelry, mirrors, decoration, gold coins. But no other item would cause more excitement than a gold bullion bar.
Gold bars have been the expression of abundance and their acquisition can be a perfect match between satisfaction and investment. Gold bullion bars contain .999+ finest gold and can be produced in different weights, from 1 gram bars to 1 kilo bars. And minted gold bars with special designs can be an amusing source of collection. As a long-term valuable, gold bars can be a considerable addition to investment portfolios as they can maintain their intrinsic value despite economic fluctuations over the years.
What are Gold Bars?
Just like other precious metals, the purity of gold is essential. In the bullion business, it is customary to use a scale of millesimal fineness to determine the purity of the bullion bar. The finest pieces of gold are .9999, which means they are 99.99% pure gold. Gold bars are bullion of high purity gold, usually minted in different sizes and weights. The shape of rectangular bars are popular among gold investors, due to its storage convenience and acceptance in the market. If you need storage for your gold bars, check our gold storage page.
Minted Gold Bars vs Cast Gold Bars
Based on production methods, two types of gold bullion bars are possible, with a different appearance and usually premium prices too: Minted Bars or Cast Bars.
Producing cast bars implies a simpler method. Molten gold is poured into a mold and then hardened into the shape of gold brick, hence the moniker gold ingot. It usually receives simpler engravings, such as a simple logo, gold content, and serial number. Since this process is simpler and faster, cast bars tend to have a more natural appearance, exhibit some imperfections, which make them unique and offer better prices for investors.
On the other hand, minted bars are commonly known for their more perfect appearance, especially because gold bar production has become more refined in recent years. Their production demands more technique, machinery and sometimes intricate design elements. Refiners make them from gold blanks, cut in a specific size and dimensions. Their surfaces are usually smooth, brilliant, uniform, and stamped with details.
Popular 1 Kilo Gold Bars
Gold bars sizes vary from 1 gram gold bars to 1 kilogram gold bars. To make larger bars, larger molds are used to ensure the exact 1 kilo gold bar as the final output. A kilo gold bar weighs precisely 32.15 troy ounces.
Royal Canadian Mint 1 Kilo Gold Bars
The Royal Canadian Mint, or the RCM, is one of the most prominent mints in the world. Not only do they issue the entire collection of circulating and bullion coins from Canada (such as the Canadian Gold Maple Leaf Coin), they also produce gold bars for investment purposes. Needless to say their gold bullion bars enjoy the highest purity of .9999 fine gold content, assured by their years of experience in the market.
→ Shop 1 oz Royal Canadian Mint Gold Bars
→ Shop 1 Kilo Royal Canadian Mint Gold Bars
Generic 1 Kilo Gold Bars
Investors who are looking to maximize their investment per dollar spent could benefit greatly from this purchase option. When you buy a generic 1 Kilo gold bar, you might not know exactly what brand you will receive, but you are guaranteed to get a full kilo gold bar in good condition. And you can get any brands, including those that usually carry a higher premium, and pay a lower price for them.
Why Buy 1 Kilo Gold Bars?
In times of economic uncertainty, it could be interesting to diversify investments and keep a financial portfolio open to the possibility of buying gold bars.
Many experts suggest that having gold bullion bars in a portfolio of investments could serve as a sensible way to hedge against the ups and downs of the market. Inflation periods may decrease the value of fiat currencies and cause turmoil in the stock market.
Gold prices and cash prices usually run in opposite directions: when the cash prices rise, gold prices typically fall. And the opposite also happens: when the cash prices fall, gold prices tend to rise. As a consequence, gold value tends to perform well against inflation and fiat currency devaluation. Considering this, a kilobar of .9999 fine gold is very manageable and used a lot for trading, which could offer an interesting balance between investment and price-per-ounce, as its fine level of purity holds intrinsic value over time.
Finally, because gold bullion is priced in bulk, you will usually be able to pay a less premium percentage on larger gold bars, like 100 gram gold bars, than smaller ones, like 1 gram gold bars. In other words, you can buy more pure gold content per dollar spent.
FAQs
Does it matter which brand you buy?
Some brands are more widely recognizable in the bullion industry, such as the Royal Canadian Mint or PAMP Suisse. Thus, some investors tend to favor them over smaller, less known mints. That tends to influence premiums slightly, both when buying and reselling. However, the weight of pure gold content and the gold spot price are the main factors that you should keep an eye out for.
How big is a gold bar?
A gold bar size will vary according to its weight. You can find a gold bar as small as 1/100th troy ounce and as big as 1 kilo, or even 400 oz gold bars. Proportions (thickness, width and length) will also change slightly from manufacturer to manufacturer. For instance, a regular Royal Canadian Mint 1 ounce gold bar is 29.0 mm x 50.0 mm x 1.1 mm.
How much is a gold bar worth?
The prices in the gold market vary based on different financial factors. Gold bars are calculated in troy ounces. Its cost fluctuates during business days according to live transactions at COMEX and the LBMA - London Bullion Market Association, which is responsible for setting prices for precious metals in US Dollars and some other currencies. Central banks and bullion dealers establish their premium prices based on it.