Buy Gold Bars in Cyprus today and help protect your wealth. At Elite African Minerals, we allow investors to add gold bars to their investment portfolios to diversify their risk while protecting their wealth. All gold bars bought from Elite African Minerals are investment-grade bullion bars from London Bullion Market Association (LBMA) approved refineries or government mints. We understand that each client is unique, which is why we work hard to give you the best service and solutions tailored to suit your needs.
Buy Gold Bars in Cyprus
Buying gold bars in Cyprus usually offers investors in Cyprus the most cost-effective way of purchasing physical gold due to the lower manufacturing costs compared to striking coins. The only exceptions may be the smaller 1g to 5g bars, often bought as gifts. A gold bar is a uniform slab of gold with a purity of 99.99%. They come in various weights and sizes to suit any investor’s needs. Gold bars are supplied by private refineries and sovereign mints. Larger bars are minted by pouring molten gold into a mould, while smaller ones are cast using heavy machinery.
In general, the larger the gold bar, the lower the percentage premium above the spot an investor will pay. For example, it is cheaper to buy 1kg (1000g) of gold in a single 1kg gold bar than to purchase 4 x 250g bars. Although cheaper, it is not necessarily the best option for you. This brings us to another key consideration, flexibility.
Gold bars can be used in several ways, such as personal assets, commercial finance instruments, and reserve currency. Today, they are used primarily as a long-term store of value and as a proven hedge against inflation and uncertainty.
When buying larger bars upwards of 100g, often the percentage premium difference is relatively slight. For example, purchasing 10 x 100g gold bars rather than 1 x 1kg bar would offer ten times the flexibility for a relatively small additional premium. This option is often preferred as it gives individuals the ability to release part of their holdings as opposed to having to sell all of their gold at once, offering greater control over your investment.
Finding the ideal level of flexibility will differ from investor to investor depending on an individual’s total holdings and wider investment portfolio. For most, our best-selling 1oz and 100g gold bars tend to offer the ideal balance between flexibility and value. For larger investors, the 1kg bars prove the most popular.
With smaller quantities of gold bars in Cyprus or coins, you could choose to take delivery and store them safely in your home. However, for larger investments, it is recommended that you use specialized insured vaults in secure jurisdictions operated by professionals.
These professional vaults are not only more secure but make the process of selling faster and easier as gold bars remain within the “chain of integrity”. Bars held at a private residence or safety deposit box facilities would be required to undergo a process of re-authentication before being accepted for sale by a bullion dealer.
Where to buy Gold Bars in Cyprus?
Elite African Minerals serves thousands of customers each year and has one of the most modern and secure online trading platforms. We can provide gold bars in Cyprus ranging in size from 1 oz to 1kg and even offer high-security storage options to safeguard our clients’ wealth. When storing our clients’ valuable precious metals, we prioritize safety, privacy, security, and confidentiality. Elite African Minerals also offers buy-back services, making selling when you’re ready easier than ever.