Silver Cast Bar LBMA Various Brand - 1000 oz

LBMA Various Brand Cast - ID 1967

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

 

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 86,376.99 SGD 86,185.57 SGD 85,994.16 SGD
Price/Gram 2.78 SGD 2.77 SGD 2.76 SGD
Price/oz 86.38 SGD 86.19 SGD 85.99 SGD
Percentage Over Spot (ASK PRICE) 2.63% 2.41% 2.18%
Buy/Sell Spread 4.12% 3.90% 3.69%

Unlock capital from your bullion with our Secured P2P Loans

  • Use this product as collateral to borrow 50.0% (41,984.65 SGD) of its value
  • Current best rates for borrowing
    • 1 month loan at only 4.3% per annum (Interest: 148.70 SGD)
    • 6-month loans at only 4.3% per annum (Interest: 892.17 SGD)
    • 12-month loans at only 4.8% per annum (Interest: 1,994.27 SGD)
    • 24-month loans at only 5.8% per annum (Interest: 4,828.23 SGD)


Storage Fees: 0.7%*

Duration Storage Fee Per Parcel
6 months 294.56 SGD
12 months 589.12 SGD
24 months 1,178.25 SGD
36 months 1,767.37 SGD
60 months 2,945.62 SGD

Other Services

Item Cost Per Bar
Transfer-in and testing 140.00 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.

Tier Discount

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Total: points

Get permanent tier discounts
by buying oz of gold/platinum
or oz of silver!

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