Silver Bullion

Characteristics and Specifications

Kilo gold bars, also known as kilobars and gold kilo bars, are a popular form of investment in the gold bullion market. Each kilo gold bar weighs approximately 32.15 troy ounces, or a little more than 2.2 pounds, or 1,000 grams - hence the name kilo. A kilo (1 kg) is around 32.1507 troy ounces, and may often be listed as 32.151 ozt or 32.15 ozt. Rest assured that the refinery assays and the dealer weighs and tests each gold kilo bar (typically with an Essayeur Fondeur stamp), and this will be disclosed upon purchasing a gold kilo bar.

Purity and Authentication

These bars are often produced and stamped with the purity level, usually ranging from 99.9% to 99.99% pure gold. In fact, according to some precious metals data scientists, over 85% of kilo gold bars are made with .9999 fine gold (four nines fine) which is 99.99% pure gold. Kilo gold bars typically measure close to 80mm x 40mm x 18mm in size, which is roughly the size of a modern popular smartphone.

When gold is at least .995 fine, it qualifies for storage in a self-directed precious metals Individual Retirement Account (IRA).

Kilo gold bars can be either cast or minted. A cast gold bullion bar is made by pouring the molten gold into a mold that shapes the bar and embeds the appropriate stamped letters, numbers, and characters into the created gold bar. A cast bar usually appears soft with rounded uneven edges, uneven surface, and less detailed information on the bar. A mint bar is cut out of a sheet of gold by a machine leaving sharp, crisp, edges and a clean even surface. Other than design preferences, the weight and purity of these bars are not considered different.

Most gold kilo bars are marked by the refinery for their brand with logo, metal content, purity, weight, and serial number. Some gold kilo bars also have the country of origin, year, and brand signature security features.

Investing in Kilo Gold Bars

Money Metals is proud to offer kilo bars from LBMA and COMEX-approved refiners around the world. LBMA, which is short for London Bullion Market Association, is an organization that ensures the gold kilobar for its metal content, purity, and weight. LBMA calls these approved kilobars from approved assayers and refineries “Good Delivery Bars.”

COMEX, which stands for the Commodity Exchange Inc., which merged with NYMEX (New York Mercantile Exchange, and is owned by CME Group (Chicago Mercantile Exchange Group), ensures the approved companies and gold bars for trading options and futures prices.

There are several popular gold kilo bar manufacturers. However, the brand name of a kilo bar could be more relevant in terms of value, provided the manufacturer is LBMA-approved and/or COMEX-approved. Aside from that, some collectors and investors have their own preferred brands for brand loyalty or designs but may pay more for particular brands as opposed to buying gold kilobars solely for their melt value.

The refiners PAMP Suisse, Valcambi, Credit Suisse, Argor-Heraeus, Asahi (Jonson-Matthey), Metalor, and Italpreziosi are premier names. The Royal Canadian Mint (RCM), Australia’s Perth Mint, and the British Royal Mint Refinery (RMR) are a few sovereign national mints producing bars this size.

The actual bars shipped will be our choice which is based on availability when your payment clears.

Designs on gold kilo bars may include Lady Fortuna, a refinery or mint logo, a kangaroo, a swan, an eagle, and more. However, the vast majority of kilo gold bars are rather plain and simple, with most of them only having a design of the respective company logo on them.

Most people who buy gold kilo bars do so because they want to protect their wealth, hedge against inflation, and build a personal store of value. As of this writing, the gold spot price is around $2050 per ounce, making a gold kilo bar cost around $68,000 with standard company premiums. When comparing leaving $68,000 in a bank account for a few years to buying a gold kilo bar and holding it for a few years, the better average way to protect purchasing power is through the gold kilo bar option.

For example, from 2020 to 2023, the inflation rate has been an estimated 18.6% according to most inflation calculators. This means $68,000 in 2020, which now requires almost $81,000 in purchasing power as of 2023. Most people would be lucky to receive even a 5% APY in a bank checking or savings account for three years, further suggesting the gold kilo bar to be the better financial protection and wealth management decision.

Admittedly, this is a very small, limited, narrow-viewed snapshot of the price of gold compared to banking market interest rates. However, stepping back and getting a grander, long-term, picture of the history of gold price it is quickly recognized that dollars (Federal Reserve Notes) tend to become less valuable over time while gold tends to become more valuable over time.

Storing and Securing Kilo Gold Bars

When storing a gold kilo bar, it is important to keep it well-protected and out of sight. Some investors and collectors choose to store their precious metals items such as gold, silver, platinum, palladium, or rhodium, in home safes. While others opt for a bank safe deposit box or a professional depository service.

For newer or less seasoned gold enthusiasts it may come as a surprise that the Money Metals Depository is a more cost-effective and safer option for storing and protecting kilo gold bars, or any precious metal item. All gold kilo bars and precious metals items stored in the Money Metals Depository are fully insured by Lloyd’s of London. This additional protection brings with it an added sense of security. It is worth considering storing your kilo gold bars in such a depository for normal storage and protection, as well as for a self-directed Individual Retirement Account (IRA).

Buying Kilo Gold Bars

When buying a kilo gold bar it is very important to only buy from a reputable dealer instead of simply chasing a price you find online. Not every website or dealer is legitimate, and with such a hefty price tag as that which comes with gold kilo bars, it is certainly not worth the risk of losing your money.

When buying a kilo gold bar, be sure to know the current day’s gold spot price to understand a fair price for the metal content. In addition to the spot price, it is a good idea to recognize the average premium charged on a gold kilo bar. The premium is a precious metals industry standard which means the standard company overhead costs of conducting business. Every dealer has a slightly different premium, while the more reputable dealers will remain transparent and display their exact premiums on the products for sale. Overall, reputable dealers tend to have a live spot price and a breakdown of all pricing listed on products; and upon receipt of payment, they tend to ship metals quickly within a few business days.

If you are new to buying gold kilo bars and would like to speak with one of our zero-commission experts, we are happy to teach you the basics and walk you through the process of buying a gold kilo bar. Please give one of our customer care specialists a call Mon-Fri during normal business hours at the phone number: 1-800-800-1865

Selling Kilo Gold Bars

When selling a gold kilo bar it is also good to know the current spot price and average premiums for such an item so you will be better equipped to sell your gold kilobar at a fair price. A reputable dealer will offer a publicly listed fair price for your gold kilo bar and will pay you within a few business days upon receiving and testing your gold kilo bar. A less-than-reputable dealer will provide you with many excuses as to why they cannot send payments quickly.

Money Metals Exchange has been in business since 2010 while maintaining an A+ rating with the Better Business Bureau (BBB) and receiving thousands of 5-star reviews from satisfied customers all over the United States (US).

Money Metals has also been voted as the Best Overall Precious Metals Dealer by Investopedia multiple years in a row.

If you have any questions (FAQ) about the one-kilo gold bar, buying or selling, other sizes of gold bars, gold rounds, gold ingots, silver bars, silver rounds, silver ingots, gold coins, silver coins, shipping, insurance, delivery, payment method, sending a gift, reviewing past orders, or anything else, please call our customer service representatives at our phone number: 1-800-800-1865

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