A gold bullion bar is a pure form of gold that is shaped into a rectangular bar and is primarily used for investment or storage purposes. It is typically made of high-quality, solid gold, usually at least 99.5% pure, and is produced by reputable mints or refineries recognized by the global precious metals market.
The weight of a gold bullion bar can vary greatly, but it is commonly available in various sizes, ranging from smaller denominations such as 1 gram, 5 grams, 10 grams, and up to larger increments like 1 ounce, 10 ounces, 1 kilogram, or even larger sizes. The weight, purity, and unique serial number of each bar are usually stamped on its surface, ensuring authenticity and traceability.
Gold bullion bars are highly valuable due to their intrinsic worth and are considered a tangible asset. They serve as a popular investment choice for individuals and organizations seeking to diversify their portfolio, hedge against inflation, or preserve wealth.
These bars are generally exempt from value-added tax (VAT) within most jurisdictions due to their status as an investment-grade precious metal. They are commonly traded on the open market through precious metals dealers, banks, and brokerage firms. Additionally, governments and central banks often store gold bullion bars in their reserves, utilizing them as a form of national wealth or stability safeguard.
