Also available from IBE is the 32.15 troy ounce gold kilobar. A one kilogram bar of fine gold bullion of at least .999 purity. Manufacturers of these bars certify the weight and purity of the bullion content by imprinting their stamp or hallmark on each bar.
Golden bars of this size and larger offer a distinct investment benefit - that being that they carry a low premium compared to the spot price of gold. This means that whereas gold coins and smaller bars often contain anywhere from a 3-10% premium paid for minting other associated overhead costs relating to the production and potential collector sentiment involved with smaller volumes of gold, the kilo bar is an industrial product. Industrial gold is primarily used as a means of storing and transporting universally accepted value, as they are a very liquid form of wealth.
Kilogram bars, or "Kilobars", are minted at 1 kilogram - 32.1507 Troy ounces, and are stamped with the hallmark of their producer, stating the purity content and usually a serial number. Gold bullion is a great investment for investors who want to physically take ownership of their wealth, as 1 kilo bars are easy to handle and store, and delivery can be taken at any safe location.
The kilobar is therefor used extensively for trading and investment, as the premium on these bars when traded is very low over the spot price of gold. This makes kilobars ideal for small transfers between banks, governments, and traders. Most kilobars are typically flat, although some investors prefer the brick shape.