Gold Bullion Bars (Gold Bars)
Private investors or individuals who prefer to invest in gold by owning gold bars, are unlike in the past, free to own as much gold in the form of gold bullions bars (gold bars / minted bars) as they like and can afford. This is all possible because of the Precious Metals Act of 2005 which permits the manufacture of minted bars in South Africa.
Gold bullion bars (gold bars) come in many sizes and can weight from a few grams to over 12 kg.
For example: The London market, which is the primary physical bullion marketplace in the world, deals in the London Good Delivery gold bullion bar. One such a bar weighs 400 troy ounces, which is equal to about 12.4 kg, and is almost 28 centimeters or 11 inches in lenght. It is the most important bullion product in the world, but not very accessible to private investors. This is due to its size which makes it very expensive, as well as the fact that the bullion vaults where these gold bullion bars are kept, won’t deal with the public.