Gold Bullion Bar Buying Guide

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Gold Bullion Bar Buying Guide

eBay is a great place to buy gold bullion bars. Gold is the most popular precious metal investment and one of the most expensive commodities in the world. Whether the buyer wishes to purchase gold bullion bars as an investor or as a collector, eBay stocks gold bullion bars to suit everyone’s needs.

The purpose of this guide is to inform the reader and potential buyer about gold bullion bars and how to go about purchasing them from auction-based website eBay.

Gold as an Investment

Gold has been widely used throughout history as money and is still today, in a sense. The most common method of investing money in gold is by buying gold bullion bars. In some countries (Austria, Argentina, Switzerland to name a few) gold bullion bars can be bought or sold at major banks.

Just like most modern day commodities, the price of gold is driven by supply and demand as well as speculation.

Gold bullion bars typically carry lower price premiums than gold bullion coins. Larger bars however, hold an increased risk of forgery due to their less strict rules regarding their appearance. Unlike gold bullion coins which can be easily weighed and measured against known values, most bars cannot so most gold collectors have their bullion bars re-assayed -undergo a compositional analysis to determine their weight and therefore value.

The Swiss refinery Argor-Heraeus was one of the first gold traders to attempt to eradicate gold bar counterfeiting with Kinebars. Kinebars employ a unique holographic technology used to embed a Kinegram- a security device embossed into the gold.

Gold Bullion Bars

A gold bullion bar is a quantity of refined metallic gold of any shape. Gold bars can be made in two ways: cast and minted.

  • Cast: Larger gold bars are made by pouring the molten metal into moulds called ‘Ingots’.
  • Minted: Small gold bars are usually made from gold blanks that have been cut by hand from a flat piece of gold (often from rolled sheets of thin gold). The necessary markings are then applied by presses.

According to UK HM Customs and Excise, gold for investment purposes should be ‘gold of a purity not less than 995 thousandths that is in the form of a bar, or a wafer, of a weight accepted by the bullion markets’.

It has been claimed that the first gold bullion bars were minted 6000 years ago by the Ancient Egyptians but the first official evidence of gold bullion bars date back to Henry VII in 1489.

London Good Delivery Bars

The standard gold bar held as gold reserves by central banks or traded on the bullion market is the London Good Delivery gold bar. This bar weighs 400-troy-ounces (438.9 ounces or 12.4kg) however its gold content may vary between 350 ounces and 430 ounces.

Troy ounces are the official measurement where gold bullion bars are considered. One Troy ounce is the equivalent to 31.1034768 grams.

In some countries still using British weights and measures, gold bars can sometimes be weighed in avoirdupois ounces. The avoirdupois ounce is lighter than a troy ounce and is equal to 28.349523125 grams.

In some circumstances, gold bullion bars may be weighed in Tola’s or Tael’s. One Tola is equal to 11.6638038 grams. One Tael is proportionate to 50 grams.

Gold Bullion Bar Types

Although they are the most common, London Good Delivery gold bullion Bars aren’t a convenient size for most investors and the estimate worth of these bars can easily exceed hundreds of thousands of pounds which of course indicates a certain amount of risk involved in owning such a large gold bullion bar.

Kilo bars are more appropriate for investors as they are a nice round number so it’s easy to keep track of the bars worth. Kilo bars are generally worth at least £10,000 each.

It is also common for investors to purchase smaller gold bullion bars such as fractional kilo and one ounce bars. These gold bullion bars combine convenient size with a relatively low premium as well as a relatively low risk factor.

Gold Business Cards

Established in the 1980s by a subsidiary of car manufacturer Mitsubishi, gold business cards are popular collectors’ items in Japan. The cards weigh only a gram but have been seen to reach much more than their weight in gold at auction.

Hologram Bars

Hologram bars were first made in the 1990s and are now dominated by Swiss and German gold manufacturers. The bars possess a hologram embossed into the gold for security and decorative purposes.

Rainbow Gold Bars

Produced by combining various colours of pure gold to create a unique patterned appearance rainbow gold bars are another invention by Mitsubishi.

How to Buy Gold Bullion Bars on eBay

eBay is a fantastic place to buy gold bullion bars. There is an extensive range of gold products for investment purposes on eBay from luxurious gold bullion bars to affordable gold bullion coins.

eBay is known not only for its comprehensive range of products, it is renowned for having the most competitive pricing on the internet, excellent customer service and providing a great user experience for its customers.

As part of this great user experience, eBay offers all of its customers a choice regarding payment of items. Shoppers on eBay can buy their sought-after products immediately and they can also bid for their desired product if they wish, in an auction format attempting to seek out the best available price.

Finding gold bullion bars on eBay couldn’t be simpler. The potential buyer can either search using eBay’s categories or its search functions (search toolbar and advanced search toolbar).

To find gold bullion bars in eBay’s categories simply click on All Categories. Then click on Coins and then onto the subcategory Bullions/ Bars. The buyer can then browse through the generated search results to see what gold bullion bars are on sale. Once the buyer has found their suitable search result they can click on it to be taken to that products individual listings page.

To find gold bullion bars using the search functions, simply enter the name, manufacturer or type of the desired gold bullion bar into the search toolbar and then hit enter. The buyer can then scroll through the generated search results to find the one most suited to their needs. Once found, the buyer can click onto the appropriate search result to be taken to that products individual listings page.

Each product for sale on eBay has its own individual listings page. This page consists of all the necessary information surrounding the product. This often includes but is not limited to: a detailed specification, a product analysis, comments about the items condition as well as photographs of the item.

If the buyer reads the product listing page and still requires more information or wishes to have a question answered, they can contact the seller directly themselves.

As well as detailed information about the product, eBay also provides information about the products seller. This information often includes the sellers: eBay rating, selling history and their location. The disclosure of the seller’s location is particularly useful to buyers as they can decide whether to pick up the item if local to them or to have it delivered if it is not near them.

Once the buyer has decided upon the right gold bullion bar for them, they have two options regarding purchasing the product: to buy immediately (by clicking Buy Now) or to bid in an auction format (by clicking Bid Now and entering a relevant bid) attempting to get the best price for that product.

eBay is renowned for its comprehensive help service devoted to all of its customers. Should a customer have difficulty with a seller or an item, they can visit the help section or they can email eBay directly.

Thanks to third party payment authority PayPal,, all transactions made on eBay are safe and secure. PayPal enables the buyer to pay the seller without ever sharing any important bank information or personal details. The secure payment authority provides 100% protection for their customers against any unauthorised payments from their account.

As such an authoritative name in the world of internet shopping, eBay also has a dispute resolution centre for anyone who is having trouble with any other eBay members.

Conclusion

There are many factors to consider when purchasing gold bullion bars. However with the important information and essential considerations outlined in this guide, buying gold bullion bars on eBay is easy. An authentic gold bullion bar is a great investment for everyone, regardless of the buyer’s budget or the buyer’s experience with the luxurious commodity.

Gold bullion bars are a great example of a sound commodity investment. Provided that the potential gold bullion bar buyer conducts sufficient research about the market prior to purchase, gold is an excellent investment.

This guide has provided some invaluable hints, tips, and information on how to purchase gold bullion bars on eBay and what to look for when buying these products.

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