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PAMP bars are acceptable as 'Good Delivery' by the Swiss National Bank, the London Bullion Market Association (LBMA), London Platinum and Palladium Market (LPPM), the Dubai Multi Commodity Center (DMCC), COMEX/NYMEX, Chicago Metals Exchange (CME), Tokyo Commodity Exchange (TOCOM), and the Shanghai Gold Exchange (SGE).
The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 24.0 lb) and 430 ozt (13.4 kg; 29.5 lb).
A New York attorney named Frederick Barber Campbell had a deposit at Chase National Bank of over 5,000 troy ounces (160 kg) of gold. When Campbell attempted to withdraw the gold, Chase refused and Campbell sued Chase. A federal prosecutor indicted Campbell the following day, September 27, 1933, for failing to surrender his gold. [14]
As CBS News noted, if you were to buy a 1-ounce gold bar, you’d likely pay a bigger per-ounce markup than if you bought 10 ounces. But Don’t Necessarily Sell in Bulk
“I’ve gotten a couple of calls that people have seen online that we’ve been selling 1 ounce gold bars,” he said. “Yes, but when we load them on the site, they’re typically gone within ...
The Wall Street Journal reported that one Costco member purchased a bar for $2069, which was a few dollars below gold’s spot price at the time. Costco also sells 99.9% pure silver coins, per the ...
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