Gold Bar 1-oz
- Eligible for Precious Metals IRAs
- Gold Content – 1 troy oz.
- Gross Weight – 1 troy oz.
- Composition – 0.9999
- Thickness – Varies
- Obverse: Varies depending upon the bar you receive
- Reverse: Varies depending upon the bar you receive
Gold bars, also commonly referred to as ingots, are privately minted gold assets that are typically purchased by investors in 1 oz or 10 oz increments as they are easier to buy and sell in smaller denominations. Larger bars, up to 500 oz. are traded on COMEX and other major exchanges.
Since gold bars are privately minted by a variety of companies such as Engelhard, Johnson Matthey and Credit Suisse among other, there are wide range of designs and mint marks. However, all reputable gold bars will have gold mass, purity and issuing company either on the reverse or obverse of the bar. Red Rock will not guarantee the producer of 1 oz. bars unless otherwise specified. Gold Bars are an unhedged asset, meaning they are minted in unlimited quantity to meet market demand.