Have you seen the film. Maybe a bank robbery ........ or evil billionaire secret cave. You never know what they were called .....
Now they are London Good Delivery bar. This giant gold ingot bars, the grace of a thousand action movies ..... and dreams of gold bugs everywhere!
A London Good Delivery Bar is more important than the quantity of gold bars used to trade on international markets.
And here are the specifications:
Weighing 350-430 troy ounces,or about 12.5 kilograms! This is the form of bar held in most central banks. They occasionally go by the (unsurprising) name of "large bars". These ingots have a minimum fineness of 995, which is about the same as many bullion coins.
Worldwide only sixty companies are currently approved to produce these ingots. They are the top drawer of smelters and assayers.
However, because ingots are rarely melted back down, many bars still exist bearing the stamp of one forty-two companies are no longer employed or whose name has changed.
Intrinsic Safety Specification is that the London Bullion Market Association also specifies that the rods have stacks of "aesthetics" and easy to use and easy. This emphasis on appearance can notice a casual observer, the melting process is under control and the bar is not "layers", nor did Wells area.
Ease of use is not necessary that the barsharp corners which might injure workers during loading operations. When you see the "spot" price of gold in the newspapers, it is these bars which it is referring to.
Additionally, on the surface of the bar, besides the refiners stamp (sometimes referred to as a "chop"), there is always a serial number, as well as the fineness and the year of manufacture.
In so many movies, these gold bullion ingots represent the ultimate in money....
You would like one...right.....there's just one question you have.....
How can I put this delicately.....
The price? Well if you have to ask....I gently suggest that you can't afford one!
Till next time,
Happy Gold Coin Collecting!
Paul
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