Product Details

LBMA Various Brand Cast - ID 1967


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 1 3 5
Points required - 3,000 10,000
Price 57,701.49 SGD 57,509.19 SGD 57,316.89 SGD
Price/Gram 1.86 SGD 1.85 SGD 1.84 SGD
Price/oz 57.70 SGD 57.51 SGD 57.32 SGD
Percentage Over Spot (ASK PRICE) 1.91% 1.57% 1.23%
Buy/Sell Spread 4.21% 3.89% 3.57%

Unlock capital from your bullion with our Secured P2P Loans

  • Use this product as collateral to borrow 50.0% (28,212.97 SGD) of its value
  • Current best rates for borrowing
    • 1 month loan at only 4.5% per annum (Interest: 105.80 SGD)
    • 6-month loans at only 4.5% per annum (Interest: 634.79 SGD)
    • 12-month loans at only 4.5% per annum (Interest: 1,269.58 SGD)
    • 24-month loans at only 6.0% per annum (Interest: 3,385.56 SGD)


Storage Fees: 0.7%*

Duration Storage Fee Per Parcel
6 months 198.16 SGD
12 months 396.33 SGD
24 months 792.66 SGD
36 months 1,188.98 SGD
60 months 1,981.64 SGD

* Percentages represent annual storage charges, based on the locked-in spot metal price at the time of order submission. You can lock-in storage charges for up to 5 years. See full S.T.A.R. Storage Fees here.

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