- Updated: 07/31/2014 at 08:32:04
- Spot Price: 1,287.09
- Change: -9.26
Each 400 oz. gold bar consists of pure .999 fine, 24-kt. gold, and is COMEX approved. Each is stamped with a unique serial number, the PAMP logo, mintage year and country of origin. Various hallmarks and other chop marks adorn the edges.
Sometimes referred to as the 12.5-kg. “large bar,” the 400 oz. gold bar is the only size recognized by the interbank market in settling unallocated gold trades. They are also recognized as being “Good Delivery,” in international bullion trades.
Many investors consider the 400 oz. gold bar as the perfect size and weight for IRA and investment purposes (as well as being the most common size included in the reserves of Central Banks.) Their larger size and higher values allow them to easily stacked and transported, and when trading in substantial amounts, few other denominations are as well-suited.
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These COMEX Approved the 400 oz. Gold Bar has been approved for inclusion in precious metals IRAs.