GOLD / SILVER / PLATINUM / GEMS LEXICON

400 oz gold bar - Good Delivery Bar

A 400 oz gold bar, also known as a Good Delivery Bar, is a standard-sized bar of gold bullion that is used by central banks, financial institutions, and investors around the world. These bars are considered the standard unit of trade in the gold market, and they are highly valued for their reliability, quality, and ease of trade.

At 400 troy ounces, these gold bars are a substantial size, making them ideal for large transactions and investments. The uniform size and weight of these bars make them easy to store, transport, and trade, making them a popular choice for those looking to invest in gold.

To be considered a Good Delivery Bar, a 400 oz gold bar must meet strict standards in terms of its weight, purity, and manufacturing quality. The bars are required to be refined to a minimum purity of .995, and they must be manufactured by a reputable refiner that has been approved by the London Bullion Market Association (LBMA). These standards help to ensure the integrity of the gold market and provide assurance to buyers that the gold they purchase is of the highest quality.

In addition to their use as a form of investment, 400 oz gold bars are also used by central banks and financial institutions as a reserve asset. The stability and liquidity of gold make it an ideal form of wealth preservation, and central banks and financial institutions often hold large reserves of gold in their vaults as a hedge against economic uncertainty.

In conclusion, 400 oz gold bars are a standard-sized bar of gold bullion that are widely used by central banks, financial institutions, and investors around the world. These bars are highly valued for their reliability, quality, and ease of trade, and they are considered a cornerstone of the gold market.