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.
FAQs
The 400 oz gold bar, also known as a Good Delivery Bar, is the single, largest physical gold investment you can make today. But you can also buy affordable gold bars in many sizes that weigh as little as 1 gram (0.0322 troy ounce).
How much does a 400 oz gold bar weigh? ›
This 400 oz gold bar is quite large, weighing in at whopping 27.4 pounds, with a single bar valued at roughly $750,000 U.S. These gold bars are held and traded internationally by central banks and bullion dealers, and are not typically sold to the general public.
How much is 500 ounces of gold worth? ›
Live GOLD to USD converter & GOLD 24 Carat/Oz to US Dollar calculator with 500 GOLD to USD price chart. You can convert 500 GOLD to 1.22M USD. Live GOLD to USD calculator is based on live data from multiple crypto exchanges. Last price update for GOLD to USD converter was today at 22:31 UTC .
How much is 10 lbs of gold worth? ›
A 10 lbs block of troy gold would be worth around $234,000, while a 10 lbs block of avoirdupois gold would be worth around $284,374, as of November 2020, when the spot price was as it was.
What size is a Good Delivery gold bar? ›
The recommended dimensions for a Good Delivery gold bar are approximately: Length (Top): 250 mm+/- 40 mm. Undercut* range: 5-25 degrees. Width (Top): 70 mm +/- 15 mm.
Can I buy a gold bar from the bank? ›
Some banks in the U.S. sell gold bars and coins (as well as silver coins). This can be a good option for investors who prefer the public accountability of a federally regulated institution.
What is the best gold bar size to buy? ›
"One-ounce gold bars boast very strong retail demand and liquidity, making them highly tradable assets. Their affordability also enables gradual accumulation, appealing to a much larger and more diverse investor base," says Schectman. These gold bars can also sit in a sweet spot in terms of pricing.
How many gold bars can you own? ›
Today, there are no specific limits on how much gold a person can own in the U.S. Whether it's bullion, coins, or jewelry, you can buy, own, and possess as much gold as you like. The only restrictions may come from reporting requirements if you simultaneously buy or sell large amounts of gold.
How much gold is in a brick? ›
The weight of a standard bar of gold can vary depending on the size of the bar. The most common sizes of gold bars are 1 oz, 10 oz, 1 kilogram (kg), and 400 oz. The weight of a standard bar of gold is measured in troy ounces (oz).
Is gold a good investment? ›
Investing in gold can often be a prudent choice for those seeking to diversify their portfolios, hedge against inflation, and protect their assets during economic uncertainty. Gold's enduring value and its role as a safe haven asset make it a compelling investment, particularly in volatile or unpredictable markets.
Size of a standard gold bar: 7 inches x 3 and 5/8 inches x 1 and 3/4 inches. Weight of a standard gold bar: approximately 400 ounces or 27.5 pounds. The actual structure and content of the facility is known by only a few, and no one person knows all the procedures to open the vault.
What is the heaviest gold bar you can buy? ›
The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 24.0 lb) and 430 ozt (13.4 kg; 29.5 lb).
How many ounces of gold should I buy? ›
Your age, risk tolerance, and portfolio size all play roles in determining how much of the world's most popular precious metal you should have in your home safe. As a general rule, advisors tend to recommend limiting gold to 10% or less of the total value of your investment portfolio.
What is the highest price gold has ever been? ›
Historically, Gold reached an all time high of 2483.68 in July of 2024. Gold - data, forecasts, historical chart - was last updated on August 3 of 2024.
How much does 400 million dollars worth of gold weigh? ›
[SPOILERS] $400 million in gold weighs about 22,000 pounds.
When was gold $400 an ounce? ›
In 1990, an ounce of gold was worth $400, and fell to $280 in early 2000. Gold was abandoned by investors until the attacks of 11 September 2001, which marked the beginning of a new era in international tension.
