Buy Gold Bars in Ireland today and help protect your wealth. At GoldCore, we give investors the opportunity to add gold bars to their investment portfolios in order to diversify their risk while protecting their wealth.
All gold bars bought from GoldCore are investment grade bullion bars from London Bullion Market Association (LBMA) approved refineries or government mints. We understand that each client is unique, which is why we work hard to give you the best service and solutions tailored to suit your needs.
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What are Gold Bars?
A gold bar is a uniform slab of gold with a purity of 99.99%. They come in various weights and sizes to suit any investor's needs. Gold bars are supplied by private refineries and sovereign mints. Larger bars are minted by pouring molten gold into a mould, while smaller ones are cast using heavy machinery.
Gold bars can be used in a number of ways, such as personal assets, commercial finance instruments and reserve currency. Today, they are used primarily as a long term store of value and as a proven hedge against inflation and uncertainty.
Read more: How to Buy Gold
Investing in Gold Bars
When it comes to investing in gold bars, there are a few factors that will need careful consideration. By taking these factors into consideration before investing you can ensure you make an informed decision appropriate to your investment needs.
The purity of gold bars
Investment-grade gold is refined to a purity of 99.5% and above pure solid gold and comes in the form of bars and coins. Investment grade gold is also known as gold bullion and its value is derived from the spot price of gold as traded on the international markets.
Gold bars are sold at a premium above the spot price. This premium covers manufacturing, distribution and dealers fees.
Generally speaking, gold bars have a smaller premium than coins. This is because it takes less time and effort to produce them. It is also worth considering that gold dealers often charge a lower premium for larger bars.
Divisibility
Gold bullion bars come in evenly-shaped, rectangular blocks, with a gold content of 99.99%. These bars come in various sizes and weights, but the most popular sizes include 1oz gold bars, 10 oz gold bars, 100g, 1 kilo, and 400 oz.
If you buy larger gold bars, you cannot divide them if you wish to sell a portion. You must sell the entire bar. Larger bars may be the cheapest option for larger investors, but it might be preferable to buy smaller bars or coins for smaller investors. This means that you can sell a portion of your gold when the opportunity presents itself.
Storage
With smaller quantities of gold bars or coins, you could choose to take delivery and store them safely in your home. However, for larger investments it is recommended that you use specialised insured vaults in secure jurisdictions operated by professionals. For example, GoldCore offers high-security vaults to their clients in Switzerland, London, Dublin and Singapore.
These professional vaults are not only more secure but make the process of selling faster and easier as gold bars remain within the “chain of integrity”. Bars held at a private residence or safety deposit box facilities would be required to undergo a process of re-authentication prior to being accepted for sale by a bullion dealer.
Where to buy Gold Bars in Ireland?
Based in Dublin, GoldCore serves thousands of customers each year and has one of the most modern and secure online trading platforms. We are able to provide gold bars ranging in size from 1 oz to 400 oz and even offer high-security storage options to safeguard our clients' wealth. When storing our clients' valuable precious metals, we prioritise safety, privacy, security, and confidentiality.
GoldCore also offers buy-back services, making selling when you're ready easier than ever.
With more than 14,000 clients and over $1 billion in transactions, we are a top choice for precious metal investors.