Product Details


These bars are used in settlements in the London Metal Exchange and other exchanges and are very heavy compared to smaller bullion bars. Although metal purity is standardized these bars vary greatly in shape, manufacturer (brand) and mass which can vary between 750 and 1,100 oz although the vast majority of the bars will be between 950 and 1030 oz. Find out more on Good Delivery Bars.

The variation in mass in particular greatly complicates transaction as each bar will have a unique weight that is unknown upon ordering. THE PRICE WILL ONLY BE CONFIRMED WHEN THE BARS HAVE ARRIVED AND WE KNOW THEIR ACTUAL WEIGHTS.

Be aware of the following characteristics:

Disadvantages compared to 100 oz bars

  • Mass varies greatly - e.g. -100 oz to +50 oz - complicating transactions as the exact mass might not be known upon ordering or transfering
  • These heavy bars (31Kg+) will normally take two persons to carry and are difficult to lift
  • Manufacturer can be any LBMA member refinery so often you will not know in advance what brand you will receive
  • Aesthetically these bars could be heavily tarnished and not uniform
  • Liquidity in the secondary (retail) markets is not very good as there bars are not as easily tradable among smaller investors

Advantages over 100 oz bars

  • Good delivery bars are normally readily available in large quantities
  • Premiums per oz are lower and these bars always come with a serial number

1,000 oz bars are available as an Transfer-In Storage option and when we have in-stock avai

ong>. Storage costs for these bars are be prorated based on their individual weight so a 1048.15 oz bar will have a proportionally higher storage fee compared to a 937.06 oz bar.

 

Bar(s) available in STAR Storage by weight:

These bars are tax free in Singapore and you will receive a photo and a DUX inspection on each bar as we do with our standard parcel transfer-ins. However, they will not be packed in parcels as the transparent parcels are not strong enough to withstand the weight. Instead the bars will be identified by a manufacturer code and serialnumber and will have a DUX Tamper Proof Label on the bar that links to the online DUX Inspection Results.


Pricing Details:

Points computation: 1 bar = 1,000.00 points

Tier
Points required
Price
(SGD)
Price/Gram
(SGD)
Price/oz
(SGD)
Percentage
Over Spot(ASK PRICE)
Buy/Sell
Spread
1
-
38,252.52
1.230
38.25
5.04%
8.89%
3
3000.00
38,048.60
1.223
38.05
4.48%
8.40%
5
10000.00
37,844.67
1.217
37.84
3.92%
7.90%

Unlock capital from your bullion with our Secured P2P Loans

  • Use this product as collateral to borrow 50.0% (18,106.64 SGD) of its value
  • Current best rates for borrowing
    • 1 month loan at only 5.3% per annum (Interest: 79.22 SGD)
    • 6-month loans at only 5.0% per annum (Interest: 452.67 SGD)
    • 12-month loans at only 5.3% per annum (Interest: 950.60 SGD)
    • 24-month loans at only 5.5% per annum (Interest: 1,991.73 SGD)


Storage Fees

Duration Fixed Storage Fee
Per Parcel
6 months 138.7000 SGD
12 months 277.4000 SGD
24 months 554.8000 SGD
36 months 832.2000 SGD
60 months 1,387.0000 SGD

* Stored in multiples of 1 bar and can be collateralized. Any unused storage will be refunded upon sellback or delivery.