Gold-Merchants.com » Gold Bars

Gold Bars are available in many sizes and weights. The standard weight ranges from one Troy* ounce on upwards of 400 Troy ozs. In general, when buying gold bars, you are getting the most gold for your money.

Gold bars are usually acquired through accredited precious metals dealers, a few commercial banks, and various brokers. Look for the Hallmark logo that is a benchmark for tested, refined gold. These stamped bars are widely recognized and fairly easy to buy and sell.

Where to store your gold?

This may depend on how much gold you own. Some investors prefer to take possession of the gold and store it in a safe locally. Larger quantities of gold can be stored in a facility like the bullion vault.

Now, I wouldn't expect your bank to allow you to store your gold in a safe deposit box. Most banks are not allowing gold reserves in their vaults due to government demands on disclosure.

Courtesy Wikipedia

* Troy Ounce - (ozt) is 480 grains, somewhat heavier than an avoirdupois ounce (437.5 grains).

A grain is 64.79891 mg; hence one troy ounce is 31.1034768 g, about 10 percent more than the avoirdupois ounce, which is 28.349523125 g.

The troy ounce is traditionally used over the avoirdupois ounce in the pricing of precious metals, gold, platinum, and silver.

The grain, which is identical in both the troy and avoirdupois systems, is used to measure arrow and arrowhead weights in archery and bullets and powder weights in ballistics.

The grain is also common to the apothecaries' system and was long used in medicine, but has been largely replaced by milligrams.

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