How Much Gold is in 400 oz Gold Bars or London Good Delivery Bars?
Each 400 troy ounce London Good Delivery Bar has a minimum purity of 0.995 and is normally 0.999 pure or even 0.9999 pure.
These bars contain exactly 400 troy ounces of gold. GoldCore only sells gold bars of recognised and widely-traded brands. These would include London Good Delivery gold bars from such highly regarded refineries as PAMP, Argor-Heraeus, Metalor, and government mints such as the Perth Mint.
How to Buy 400 oz Gold Bars?
A 400 Kg gold bar can be priced on the phone or online. When you decide to buy, we require you to phone our office to lock in your price. You must have cleared funds on account before we will lock in the gold price. A 400 oz gold bar can be delivered but we would strongly advise against doing so. They are almost always used for acquiring sizeable holdings of physical gold in an efficient and easily managed format. Most 400 oz gold bars are owned by large institutions, governments, and bullion banks and reside in official vaults such as The New York Federal Reserve Bank and the Bank of England.
We allow high net worth and family office clients to own London Good Delivery Bars in allocated and segregated Secure Storage in what we believe to be the safest vaults in the safest jurisdictions in the world.
How Much is the London Good Delivery Gold Bar?
You can find the price of a London good delivery 400 oz gold bar in the upper right section of this page. We use a few metrics to calculate the price:
The gold spot price. The gold spot price is defined as the price of one troy ounce of pure gold that is available for immediate delivery. We source this price from price feeds from the like of Bloomberg and Thomson Reuters.
The weight of gold. The weight of pure gold found in a gold bar that is being purchased. A 400 oz gold bar has minimum 0.995 parts of pure gold. As such the 400 oz gold bar will weigh 398 troy ounces of pure gold.
The gold price premium. The gold price premium is defined as a percentage adjustment that is added or deducted from the gold spot price value of the gold bar. Generally the gold premium of a gold bar is determined by the actual cost of production, logistics and making available for sale the bar, market based competitive forces and the overall value of gold that the client is seeking to invest - as expected larger sums can reduce gold premiums.
In order to determined the gold price of a London Good Delivery Gold bar, simply multiply the weight of the bar in troy ounces by the purity of the bar and multiply that by the spot price of gold and add or subtract the gold bar premium.
Should Irish investors Buy 400 oz Gold Bars ?
London good delivery gold bars typically command a premium of around 1% to 1.5% with GoldCore who offer some of the most competitive premiums in Ireland and can be owned in our Secure Storage program in the safest vaults in the world. When investing in gold irish investors should seek out a form of gold that matches their long term investment objectives. 400 oz gold bars are typically used by financial institutions and central banks and stored in secured locations. For ultra high net worth Irish investors 400 oz gold bars may be considered but only if they are stored safely. Most irish investors investing significant sums will opt for 1 kilo gold bars instead as they are low cost, manageable, tradeable and easy to store. We offer all of our clients a non obligation free strategy session with one of our market experts. We can assist you in navigating all the options available options for your gold investment.
Please Note - Bar Brands
While all gold bars sold by GoldCore are from LBMA approved refiners and mints, the bars that you will receive may not necessarily be identical to those pictured.
