Gold Bars 1oz
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Buying 1 oz Gold Bars at philoro
Gold is valued by many people as a stable investment in uncertain times and is a stable financial investment. 1 ounce gold bars are certainly perfect as an investment. They can be bought and sold flexibly, are perfect as gifts, and are also easy to store due to their size.
Discover philoro’s Product Range
philoro offers a wide selection of products. In addition to 1 oz gold bars, you will find other bars in silver, platinum, and palladium in various sizes, as well as a large selection of investment coins and modern numismatic coins. We also provide various storage solutions, such as precious metals depots or safe deposit boxes, and offer a precious metals savings plan that allows you to gradually invest in a golden future. Visit us at one of our stores or contact us by phone to explore your options for purchasing 1 oz gold bars. We look forward to assisting you!
Frequently asked questions about buying 1 ounce gold
philoro offers 1 oz gold bars in both minted and cast forms.
Minted bars are precision-stamped from high-quality gold sheets. Their surface appears smoother, and the edges are more refined compared to cast bars.
Cast 1 oz gold bars are produced by melting gold and pouring it into a mold. During the cooling process, unique solidification lines form, making each cast bar a one-of-a-kind piece.
Both types of 1 oz gold bars come with security features, visible on the front, back, and edges. The bars are stamped with the philoro logo and the refinery mark. Additionally, when purchasing a 1 oz gold bar, you receive a numbered certificate guaranteeing its authenticity and quality.
Compared to larger denominations, 1 oz gold bars can be acquired with a smaller budget. Their compact size also offers handling benefits. They take up minimal storage space and can be easily stored. Additionally, they serve as an excellent alternative to coins as a gift with long-term value for special occasions such as weddings or baptisms. If you wish to present the bar in an elegant manner, we recommend purchasing a gold bar box.
The 1 oz gold unit is internationally recognized, making the trading and resale of gold bars even more convenient.
Gold is by far one of the most popular precious metals. This status is mainly due to its exceptional properties. Gold is highly resistant, does not rust, and melts at 1,063 degrees Celsius, which is why it remains solid at room temperature. Additionally, gold is a finite resource with great potential for value appreciation. The history of gold also shows that it is particularly crisis-resistant. While stocks experience fluctuations, the gold price has continuously increased over the past decades. Even during the financial crisis of 2008, gold reached a record high of over 1,000 USD per ounce.
Gold is measured worldwide in troy ounces, with one ounce equaling 31.1 grams. However, when purchasing one ounce of gold, you may notice that products with the same weight have different prices. This difference can be explained by production costs. The more complex the manufacturing process, the higher the price. One-ounce gold coins are usually minted with intricate designs, making them more expensive compared to a 1 oz gold bar.
At philoro, you can purchase your 1 oz gold bar not only in-store but also through our online shop. Each 1 oz gold bar comes with a numbered certificate ensuring the authenticity of the product. Since our prices for one ounce of gold are linked to the current gold rate, you will always receive the latest and best prices for a 1 oz gold bar. The current gold price can be found at the top of our website.
Over-the-counter transactions in Austria can be carried out anonymously up to €10,000. Above this anonymity limit, we are obliged to verify your identity.
Gold bars can be purchased for investment purposes in Austria VAT-free, provided they have a fineness of at least 99.5% and a weight that is customary for the gold market.