What does Lingot Good Delivery mean ?

If you have decided to invest in gold to diversify your investments, it is important to know everything about this precious metal. You've come to the right place for this, because at Gold Union we specialize in investing in gold! Here we explain to you what “Good Delivery” means.

WHAT IS A GOOD DELIVERY INGOT ?

During the entire period of the gold standard, States and Central Banks exchanged ingots, gold bars, as well as bars. The latter had to correspond to several criteria, in particular that of weight. These physical bars of approximately 12.5 kilograms (400 ounces) were then certified “Good Delivery”, a guarantee of authenticity.

The London Bullion Market Association, created in the 20th century, adopts these standards and guarantees the quality of bullion during international trade. The LBMA therefore requires foundries to respect these standards, in order to be able to enter its official list. Among the known founders, we can cite PAMP or Argor Heraeus. On the other hand, American smelters under state supervision do not receive the “GD” label, because they do not manufacture 400 ounce bars. At the same time, the LMBA assesses available demand and supply, and determines the price of gold, twice a day.

WHAT ARE THE SPECIFIC FEATURES OF A GOOD DELIVERY INGOT ?

Obtaining “Good Delivery”, or “GD” accreditation requires:

A gold bar weighing between 11 and 13 kg (or between 350 and 430 ounces);
Purity greater than 99.5%;
A standard size: 25 cm long, 7 cm wide and 3.5 cm thick;
Precise marking: serial number, fineness, year and name of the founder.

This type of gold purchase is essentially reserved for national and central banks. Individual investors, for their part, turn more easily to a gold bar and to the purchase of gold bar in smaller sizes, for better fluidity.

CAN YOU BUY GOOD DELIVERY INGOTS ?

You can buy gold in several ways. Stocks, ETFs, trackers or physical gold, there are many ways to invest in precious metals. Physical products, such as silver or gold bars, offer protection against inflation and allow diversification of savings. But then, in what form can you buy gold ?

The different gold bars meet specific needs and expectations. As an individual, you have the option of purchasing a Good Delivery bar, but the price remains very high (around 720,000 euros per unit), and its storage requires special conditions.

You can buy silver bars , gold bars or bullion coins, by making an appointment now with one from our Gold Union advisors. Upon delivery, you will receive a certificate of authenticity with any purchase.