London 400 Oz Gold Bar
The London Good Delivery or LGD gold bar is the standard-sized bar used in investment portfolios and transactions on the London market. It is commonly known as the 400 oz bar and can range from 350 to 430 troy ounces. Investors pay based on the exact weight in ounces when they purchase.
London gold bars have a minimum of 99.5% purity, which is also known as fineness. Each mint manufactures a unique shape, but the traditional dimensions are:
- Height: 1-1.8 inches
- Width: 2.2-3.3 inches
How Much Is A Gold Bar Worth 5 Factors To Consider
Gold is currently worth $1,570 USD per ounce. Analysts are predicting that it could be worth as much as $2,000 USD per ounce by the time Donald Trump runs for re-election later this year. That means theres a lot of upside left, but the price speculation surrounding gold begs the question, how much is a gold bar really worth?
That obviously depends on a number of factors. Obviously investors who own a larger gold bar will have more value, but smaller gold bars or even coins can be purchased and theyd be worth much less. But besides the actual amount of gold being purchased, there other factors to consider. What about the current political climate? What about coronavirus? How about the state of the economy or the job market in America?
These are just some of the risk factors worth evaluating for investors who intend to get into gold or other commodities as a way of hedging against economic downturns or any of the potential risks described above.
How Much Is A Gold Bar Worth In 2021
When trying to determine the price of a gold bar, most people simply look at the gold price charts and make an estimation based on the gold bars weight.
This is a very inaccurate approach to determining how much a gold bar is worth since many factors come into play. The weight of the bar is important but it is not the only factor that determines the bars overall price as well see below.
To know the actual worth of a gold bar, you need to also factor in the manufacturing, handling, storage and insurance costs as these will be passed on to the investor as premiums.
This means that before undertaking any gold investment adventure, you need to conduct a thorough research and get all the facts right to avoid making grave investment decisions.
One advantage of gold bars is that they are manufactured by licensed, reputable entities hence chances of running into risk are minimal.
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How Much Are Gold Bars Worth
As mentioned earlier, several factors go into ascertaining the value of a gold bar. Of utmost importance is knowing the weight and fineness of a gold bar. You can go about calculating the intrinsic value of the bar or its spot value based on the days current price of gold.
Here at Gainesville Coins, we list the up-to-the-moment gold price per troy ounce. This is one of the most common measurement units for buying, selling, and trading gold. The value of your particular gold bars can be extrapolated from the current gold price per ounce. Simply divide or multiply as necessary to arrive at the weight and fineness of your ingots.
For a year-over-year comparison, gold traded around $1,770 on average in 2020. A gold bar was worth in 2020 roughly 25% more than the previous year.
Bear in mind that profit margins in the gold bullion industry are typically very thin. That’s particularly true when it comes to trading gold bars. For this reason, many gold dealers and bullion brokers may pay a tiny percentage less than the actual spot price of your gold bar. This is more or less an industry-standard practice. It’s how gold dealers are also able to sell you gold bars at or only just above their spot price.
Bottom Line: Smaller gold bars, and gold bars from name-brand manufacturers, will both have higher premiums.
If you’d like to compare some popular gold bar prices, browse the product listings available at Gainesville Coins below:
Who Buys Gold Bricks
Reputable gold buyers can be found in any major city with a simple google search. However, gold bricks can be worth millions of dollars depending on their size which not all gold buyers can handle. If youre having trouble finding a buyer for your gold bricks, just call us at ! We are capable of handling any gold sale in the United States.
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Thats Not All Of The Gold
Fort Knox holds a majority of the U.S. Treasurys deep storage gold reserves with 56% of the total gold reserves being stored there. In addition to the 147.37 million troy ounces of gold at Fort Knox, there is another 54 million troy ounces at West Point and still another 43.8 million troy ounces in Denver, CO. The total of these gold reserves amounts to 8133.5 metric tons of gold making the U.S. gold reserves roughly equal the total gold reserves of the next three countries combined.
This massive gold supply outweighing the gold reserves of all other countries leaves the United States in a position of tremendous economic leverage. For example, back in 2013 the small country of Cyprus simply considered selling off their gold reserves to help handle their debt crisis. In response to their ruminations, global gold prices plummeted. That price drop contributed to already unstable economic conditions around the world.
Now, the United States roughly holds 330 times more gold reserves than Cyprus. Actually, Fort Knox alone holds a significantly higher amount of gold reserves compared to Cyprus. It isnt hard to imagine what would happen if the United States attempted to sell off even a portion of their gold reserves. It is this sort of economic leverage that has made the gold reserves of the United States a deeply political and emotional topic for some.
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Buy Your First Gold Bar
The advantages of buying gold bars are numerous. When youre ready, browse gold bars online and call 1-844-307-1589 to receive a free one-on-one consultation regarding your overall financial goals. Experienced Account Executives are standing by to answer your questions and help you choose the right gold bars and coins for your portfolio!
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How Much Does A Gold Bar Weigh
These heavy gold bricks are comprised of 400 troy ounces of pure 24k gold . A troy ounce is the industry standard for weighing and pricing precious metals, based on the ancient unit of weight developed by the Romans.
A troy ounce is 1.09714 standard ounces.
That means, 400 troy oz gold bars weigh around 27 pounds or 12.4 kilograms each about the same weight as a dumbbell.
The Drivers That Determine Gold Rates
For added information, here are several fundamental drivers that influence the computation of gold rates. They are the following:
- The price movement of and the demand for other commodities
- Impact of the increasing money supply on both U.S. and global inflation
- Twin deficits caused by imbalances of trade and growth against the U.S.
- Various activities of the Central Bank, including gold sales, gold purchases, and money printing
- Real interest rates influenced the culmination of financial repression in the U.S.
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Why Should You Consider Investing In Gold Bars
Why not? Gold has stood the test of time as a stable form of investment. It has enabled investors to safeguard their wealth for centuries and therefore investing in gold is indeed a wise decision.
Perhaps the most satisfying benefit of holding physical gold is that you get the chance to have total control over your wealth, unlike having your investments in a banks savings account.
As you might know, the future of the dollar is uncertain and therefore converting a portion of your wealth to gold will certainly protect you against future risks.
Gold will therefore enable you to crash-proof your retirement and give you some sense of security.
If you considering rolling over your IRA or 401k to gold or silver, you can check out our top-rated Gold IRA Company Here> > .
Now, lets dive in and explore the common factors that affect the price of a gold bar.
How To Get The Most From Selling Gold
To avoid scammers and get the most from selling your gold, remember to use these great tips:
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Uae: Is It Better To Buy Gold Coins Or Gold Bars Heres How You Decide On A Cost
Gold tends to retain value or even appreciate when everything else is crashing.
Dubai: People are often told to keep a percentage of their hard-earned savings in gold because the yellow metal is the most recommended way to protect wealth from inflation and economic uncertainty.
How Coronavirus Affects Gold Price
The gold price has been steadily increasing in the wake of the coronavirus that infected residents in Wuhan, China and has since spread to affect tens of thousands of people across the world. Around 2% of those infected have died and that is certainly causing concern for those living in fear of a potential pandemic.
That being said the majority of cases appear to be under control and most Gold investing experts expect the price of the commodity to drop as coronavirus fears calmed down and investors get back to point money into the market.
For those that managed to capitalize off the price of gold during this time, now might be the time to cash out from a short-term investment. For the long term with the U.S. presidential election coming up later this year, it might be a good idea to hold onto some gold.
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Who Owns All That Gold
So, since Fort Knox and the other depositories hold enough gold to massively influence global economics, who owns all of it? Well, the sole official owner of all 8133.5 metric tons of gold is the U.S. Department of the Treasury . The USDT is the national treasury for the federal government of the United States overseeing the agencies responsible for printing paper currency and coins, such as the U.S. Mint. The USDT is also responsible for the collection of taxes through the Internal Revenue Service among many other responsibilities.
The U.S. Department of the Treasury is essentially the executive department that deals with all things of monetary value in the United States. The other significant organization in this regard is the Federal Reserve which serves as the central bank of the United States. The head of the USDT is the Secretary of the Treasury who is a member of the presidents cabinet and is nominated by the president of the United States. As of early 2020, the incumbent Secretary of the Treasury, as appointed by President Trump, is Steven Mnuchin.
Gold is currently worth $1,570 USD per ounce. Analysts are predicting that it could be worth as much as $2,000 USD per ounce by the time Donald Trump runs for re-election later this year. That means theres a lot of upside left, but the price speculation surrounding gold begs the question, how much is a gold bar really worth?
Plan To Protect Your Gold Bars
Consider how and where you will store and protect your gold. Gold bars require less space than coins to store the same number of ounces, which can make them easy to keep at home. You could also store your bars in a bank safe deposit box or at a facility that specializes in gold storage and protection.
How and where you store your gold bars will partly depend on your financial goals. Do you plan on holding them as a means of protecting your savings until your children are grown, or as a means of emergency financial assistance? If it’s the latter, you may want to consider storing your gold close to home, as a bank or storage facility may have limited hours of operation or be located far away. In an emergency, your gold could be inaccessible. Mitigate risk by making accommodations for storing and protecting your gold bars before taking possession of them.
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How And Where To Buy Gold Bars
When you hear gold bars, visions of underground bank vaults sealed tight and stacked high with glimmering gold bricks may come to mind. While vaults like this do exist, gold bars are much more accessible than the everyday gold owner may imagine. Gold bars are portable, private and liquid, and in some ways, more straightforward to buy than gold coins. Find out how to go about understanding gold bars and selecting the bar that’s best for your precious metals portfolio with these five steps. As Americas Gold Authority®, were here to walk you through how and where to buy gold bars.
How Much Are These Gold Bars Worth
To calculate the price of a 400 oz brick of gold, multiply the current spot price of gold by 400. This is how the estimated price is calculated.
Savvy investors know that the more gold they purchase at once, the more they will save on initial costs. We only offer 400 oz gold bars that are stamped with hallmarks that are recognized worldwide to ensure their liquidity.
400 oz gold bars are the same gold bars that are held and traded by the worlds central banks. In fact, the United States holds 400 oz gold bars in the Fort Knox Gold Bullion Depository. These bars are a time-honored way to help guarantee that your investment is safe and easily transferable.
Own this impressive piece of gold today and store it in one of our secure global vaults to ensure its safety.
For more information on buying and owning gold and facts about how much gold is worth and how to value it, read our gold bar buying guide.
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What Are Gold Bar Premiums
Generally speaking, this added cost over the spot price for any bullion derives from a number of factors, including the production, storage, and overhead costs incurred by the mint/refinery in producing the coin, plus a “mark-up” indicating the selling cost and the profit for the wholesaler selling the coin to a retailer.
Some premiums are a set monetary amount over the spot price, while other premiums can be a set percentage over the spot. Set monetary premiums are most common among bullion items that are 1 oz in weight.
Is The Gold Price The Same As The Spot Price
When looking at gold prices, the figures quoted are typically going to be spot gold prices unless otherwise specified. The spot gold price refers to the price of gold for delivery right now as opposed to some date in the future. Spot gold prices are derived from exchange-traded futures contracts such as those that trade on the COMEX Exchange. The nearest month contract with the most trading volume is used to determine the spot gold price.
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Policies Of Central Banks
Central banks the world over implement policies that will either impact gold pricing positively or negatively. Below are some of them.
Change in Interest Rates
Central banks such as the Federal Reserve and many others can at times increase interest rates in an attempt to curb inflation. When interest rates increase, commercial banks will borrow less from the Federal Reserve and thus will not have a lot to lend to the general public. This will reduce money supply in the economy and decrease interest rates on investments such as treasury bonds, thereby encouraging investors to buy gold with a favorable opportunity cost. If the government decreases interest rates, the contrary will be the outcome.
Quantitative Easing
In QE, the Federal Reserve tries to increase the money held by commercial banks by buying securities. Thus, commercial banks will have more to lend to customers and the result will be an increase in money supply to the public. This will drive down interest rates, which will increase demand for gold as an alternative investment therefore leading to an increase in gold bar prices.
Gold Reserves
Ever wondered why central banks the world over hold reserves of gold? Well, they hold gold as a backup to printed currency. When central banks such as the Federal Reserve buy gold in large quantities for the reserves, they increase money supply while diminishing the quantities of gold available in the market. This will drive gold prices up.
