Gold Bars have been the most popular investment option for families from the wealthy and reasonably rich to ordinary people looking to park some of their hard-earned money after spending on essentials.
While bullion dealers purchase and sell gold to customers who want to invest in gold bars, several big banks in Switzerland, Austria, Liechtenstein, and Argentina for buy or sell gold & silver in Switzerland over the counter.
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Many sized bars are available and are measured in a troy ounce, tola, or tael depending on the country it is bought from and they can be either personally held or with a bank in a safe deposit box.
It is a big hassle moving around with the bars or storing and transporting them which has made the gold account a preferred system of holding for small and medium investors.
Good delivery gold bars of graded specifications kept by central banks are around 400 ounces and professional dealers of bullion trade in them round the clock.
Bars come cheaper than coins of the same gold content and by buying gold bars you can avoid VAT or sales tax levied only on coins. Quality of gold bars with high quality comes cheaper.
Smaller gold bars can be kept in safe deposit boxes of banks or even stored in homes but they have drawbacks like higher prices and delivery costs.
Bullion vaults offer gold bars of even one gram, helping store them in gold bar facilities while keeping their values intact.