- Description
Details
Overview
Gold bars (ingots) are minted in sizes from 1-oz. to 400-oz. The larger bars are typically traded on major exchanges, e.g., COMEX. Investors usually buy 1-oz. and 10-oz. gold bars, which are easier to trade on the secondary market.
Design
Gold bars come in various designs, from simple to elaborate, but most are stamped with the gold mass, purity and issuing company.
Minting
Several companies mint and hallmark (brand) gold bars. Commonly traded hallmarks include Credit Suisse, Produits Artistiques de M’taux Pr’cieux (PAMP), Johnson Matthey and Englehard.
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Michael Dallo, CPA, JD, LL.M. is a tax attorney and certified public accountant (CPA) of Dallo Law Group, a Professional Corporation. For over 10 years, Michael has zealously represented hundreds of clients in resolving tax disputes with the Internal Revenue Service and California taxing agencies, as well as developing sound tax positions and arguments to minimize their federal and state tax liability.
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