1000 Grams Gold Bar | LBMA certified
|Quantity||Price, incl. Taxes|
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1 kg gold bars are the first choice for investors who want to buy gold in the form of bars. Gold bars with the weight of 1,000.00 grams carry a very small premium, which makes them ideal for investing and trading. The premium is added to the gold price which results in the total buying price.
The biggest advantage of the 1 kg goldbar is a very low premium, which is usually around 1%. For this reason, a 1 kg gold bar is the first choice for investors of precious metals. The next smaller weight is the 500 g gold bar, which also carries a small premium. Smaller weights below the 1kg and 500 g gold bars have a higher premium. This is linked to the production costs because they rise with smaller weights.
Heraeus or Umicore
The here offered gold bars are manufactured by Heraeus and Umicore. These two producers from the hessian Hanau in Germany rank among the world market leaders. Both manufacturers offer only the highest purity of 999.9/1000.
As these products are pooled, we have no influence on the manufacturer. The advantage of this pool is very high availability and very low mark-ups to the gold price.
Bullion above 100g are usually cast, the casting method can happen in two ways. With the first method there is a certain amount of fine gold granules heated in a crucible at over 1064° Celsius and then poured into a bar form.
In the second manufacturing method, gold granulate is placed directly into an ingot form. The gold is then heated in a furnace until the granulate is completely molten. In both manufacturing methods the gold ingot is cooled off.
The next step is to stamp the fineness, fine weight and the producer’s name with a hydraulic press onto the bar. Finally all gold bars get weighed and tested.
The gold bullion show specific data on the product. Indicated are the fine weight of 1000 g, the fineness of usually 999.9/1000, the type of metal “Gold” or the element symbol "AU". Sometimes a serial number and the manufacturers logo are also stamped on the bar.
VAT exemption and Tax
In most countries recognized bullion are exempt from VAT. Different countries may have different rulings, but generally speaking gold bars with a minimum purity of 995/1000 are VAT exempt as they are regarded “investment grade”.
When selling gold bars for a profit a Capital Gains Tax must be paid in most European and North American countries. Some countries may have exceptions. For example, in Germany profits are capital gains tax free after a 12 months holding period.
|Country of Origin||Germany|
|Manufacturer||Different LBMA Certified|
|Gross Weight||1000.00 grams|
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