email@example.com or Contact us on: +254719413210/ +256706549092
Gold Agent Africa the professional good delivery system gets you big savings, connects buyers and sellers from all over the world. They can all quote prices to each other when they wish to buy or sell; and so can you. Like any exchange this price competition forces everyone – including BullionVault itself – to quote highly competitive prices, and you always get the best quoted price, from whoever is quoting it
Bars are stored in professional-market vaults in Zurich, London, Toronto, Singapore or New York. You choose where. Because of our size, you benefit from the we have negotiated, which always include insurance.
Types of gold bar
There are more than 30 types of gold bar circulating in the world’s regional gold markets today. In value terms, the most heavily traded gold bars – with the largest ready market, open 24 hours a day, five days a week – are the Good Delivery gold bars bought and sold through dealers working in London.
Sixty-three active gold refineries, all closely monitored and approved by the London Bullion Market Association, make around 150,000 of these 400-ounce gold bars each year. That’s worth some $102 billion at current prices (Jan. ’13).
In the smaller, local gold markets of India, Singapore and the Middle East, the most widely traded gold bar is the “ten tola” bar. Rarely stamped with a serial number and weighing 3.75 oz (117g) each, two million of these “TT” gold bars are cast or minted each year.
The most popular gold bar in China is the “five tael biscuit” bar (6 oz; 187g). Manufactured in Hong Kong, five-tael gold bars are approved and recognized by the Chinese Gold & Silver Exchange, now in operation for almost a century.
Outside Asia, the most popular gold bar sold to private investors for personal storage is the kilobar (1000g; 32.15 ounces). More than a million of these gold bars are manufactured each year, most often in Switzerland.
The leading gold-bar refineries also make vast quantities of one-ounce gold bars every year – and just like the kilobar, these gold bars are widely promoted as a cost-effective rout to gold investment.
But these smaller gold bars, although they’re cheaper than gold coins, don’t come without significant drawbacks.