Good Delivery Bars

Good Delivery Bars: Does it matter what type of bar I buy?

The precious metals experts at Gold & Co. recommend that you definitely buy a bar from a Good Delivery manufacturer. If you buy a Good Delivery bar, a problem-free repurchase is assured.

What are good delivery bars?

In Wien sind viele Unternehmen zu finden, die Goldbarren verkaufen. Bekannte Namen in der Branche sind Gold & Co, Ögussa, Philoro und die Münze Österreich. Zusätzlich können Sie auch bei Banken Goldbarren kaufen, die zum Teil mit Eigenprägungen versehen sind.

Good Delivery bars are bars produced by LMBA certified manufacturers. The LBMA (London Bullion Market Association) is an international association based in London, England and includes and represents the main players in the gold market, as well as their customers. These include central banks and companies that predominantly produce gold bullion and silver bars. Furthermore, the association awards the LBMA certificate only to manufacturers who submit to strict controls and requirements. This guarantees the authenticity and purity of the bars, which is why you can sell these gold bars worldwide without any problems and without deductions. Gold & Co. offers exclusively silver and gold bars from Good Delivery productions (such as precious metals from the Austrian Mint or Argor Heraeus).

In Austria, only the Austrian Mint holds this certificate, which is issued by the LBMA (London Bullion Market Association) under strict controls and conditions.

In Switzerland it is, among others, Argor Heraeus, in Germany, for example, C.Hafner. Only those manufacturers, certified by the LBMA, also have the license for the production of the 400-ounce bars. The 400-ounce bars have an absolute weight of 12.5 kg and are traded internationally by states, banks and large investors.

Good Delivery bars are usually accepted all over the world and purchased by almost all banks and precious metal dealers without any problems. Weight and precious metal (gold or silver bars) do not matter. Bars from other manufacturers are not purchased by banks at all and by precious metal dealers only with high extra discounts. For gold bars from non-Good-Delivery manufacturers, you must therefore expect discounts of up to 15%.

1 Kilogramm Gold kostet an der Börse aktuell (Herbst 2024) 80.310 Euro, ein Preisabzug von 15% macht da schon einen großen Unterschied aus. Doch wie kommt diese Preisdifferenz zu Stande? Wie bereits erwähnt, werden Nicht-Good-Delivery Produkte weltweit nur zum Teil akzeptiert, oder aber mit einem hohen Abschlag angekauft. Wenn Sie ein nicht zertifiziertes Edelmetall verkaufen, beispielsweise Gold oder Silber, werden seriöse Edelmetallhändler diese Edelmetalle einschmelzen lassen. Diesen Prozess übernehmen üblicherweise Scheideanstalten. Das sind Unternehmen, die unedle Metalle oder Verunreinigen vom Gold oder Silber trennen bzw. lösen. Im nächsten Schritt werden die nicht-zertifizierten Barren zu Goldbarren gegossen, die das Good-Delivery Zertifikat tragen dürfen. Durch das Einschmelzen und Neuprägen der Barren, ergibt sich die Preisdifferenz von bis zu 15%.

In comparison a 10 gram bar of a Good-Delivery manufacturer (eg Argor-Heraeus) and 10 gram bars of a manufacturer without Good-Delivery certificate (bars of an Austrian refinery). Both have a fineness: 999.99, in terms of purity and quality there is no difference - this lies only in the
Acceptance by dealers: The Argor-Heraeus bar is considered bankable - the Ögussa bar is not.

A listing of all worldwide manufacturers of Good Delivery bars can be found on the LBMA website.

Ögussa gold bars are also pure precious metal

Of course, gold bars from non-certified manufacturers also normally contain the imprinted gold content. Only pay attention to the minimum fineness of 999.9, because there are also gold bars with 995 or 999.0 fineness. You can usually sell uncertified gold at normal conditions where you bought it. Please note the fluctuating gold price.

Another tip: In vacation destinations, the same applies to investment gold as to expensive jewelry. Do NOT buy gold, even if the price may be tempting. Unless it is verifiable products of the local Good Delivery manufacturers (compare manufacturers of the LBMA). Various certificates for jewelry, gold & silver bars and coins have mostly proven to be worthless or low-value fakes.

Wenn Sie Ihr Geld in Barren aus Gold und Silber anlegen möchten, sollten Sie Good Delivery Barren kaufen! Wir werden oft gefragt, ob man besser in Goldbarren, Silberbarren, Goldmünzen oder Silbermünzen investieren soll. Unser Beratungs-Service in unseren Filialen in Wien hilft Ihnen gerne bei der Entscheidung, welche Anlageform für Sie die Richtige ist.

For more tips & information, see "Investing money properly in gold" and "The LBMA gold fixing". If you have any questions, please feel free to contact us at any time or stop by one of our branches in the 9th or 22nd district. We are looking forward to meeting you!