What are Bullion Bars?
Gold bars are called gold bullion bars or ingots. Gold bars range in weight from one gram to 400 ounces or 12 kilograms. The word “bullion” derives from the old French words billon (from bille, stick) and bouillon – bubble on the surface of boiling liquid (from boilir, to boil) and it was a term for a mint or a melting house.
Bullion refers to any form of gold whose value is based only on the quantity and quality or purity of the coin or bar. This value is specified in terms of weight — troy ounces, grams, or kilograms — and purity. Investment grade bullion bars have to have a minimum acceptable fineness is 995.0 parts of fine gold per thousand, as defined by the London Good Delivery List. The list is administered by the London Bullion Market Association (LBMA).
Bullion coins, such as the Krugerrand, are called that because it is only the gold content that is being valued. Nonetheless, bullion coins do carry a small premium because of their minting costs, legal tender status, wide recognition, and international popularity.
Who makes bullion bars?
GoldCore only supplies bullion bars to Irish customers from internationally recognised and respected refineries, many of which are in the EU and Switzerland.
These include, but are not limited to:
- Johnson Matthey
- Credit Suisse
How do you buy bullion bars?
GoldCore, based in Dublin, can supply bullion bars, ranging from a 1 oz bar to a 400 oz bar. Buying is as simple as calling or emailing us and letting us know how much you need to buy and whether you wish to take delivery or opt for GoldCore Secure Storage. We will then send you an indicative quote. If you would like to proceed, transfer the required funds into one of our multi currency bank accounts. Then, with your permission, we will lock in the price of your order. You can arrange to meet us by appointment for a consultation. Increasingly, people are choosing to buy their gold online on our secure trading platform.
How can I sell Bullion Bars?
GoldCore makes a market in both selling and buying of investment grade precious metals. If you would like to sell bullion to us (subject to minimum order requirements), simply contact our dublin office and we will advise you of the procedure. It simply involves having the bars returned to an approved vaulting provider and then wiring your funds to you.
How do I store Bullion Bars?
GoldCore offers precious metal insured storage facilities whereby Irish investors choose not to take physical possession of their gold, silver, or platinum bullion but rather have their private holding stored with a secure third party.
GoldCore provides storage options in London, Frankfurt, Zurich, Singapore, Hong Kong and Perth with internationally respected storage providers. We work with the world’s longest-established and trusted armoured transport and storage companies.
Most of these storage facilities are located outside Ireland, and international storage is an increasingly popular choice amongst Irish investors concerned about the outlook for Ireland.
When Irish clients purchase and store allocated gold with GoldCore, GoldCore provide the client with a Storage Statement detailing their holding and documentation showing bar number, refiner name, gross weight, fineness and fine weight. Client gold is held via a bailment arrangement, with client rights governed by English and Irish bailment law. At all times the client remains the direct owner of their gold.
Irish clients can, by appointment, visit the vaults and inspect their holding. Clients’ bullion can easily be shipped to a location of their choice internationally.
Safety, privacy, security and confidentiality are paramount when entrusted with the storage of our clients’ valuable precious metals.