Valcambi Mint, the famous Swiss Precious Metals Minting company that has been in business since the '60's (was bought out some time ago by Mitsubishi & Newmont Mining.) & is listed on The LBMA Good Delivery List has come out with what I think is one of, if not THE greatest innovation in Precious Metals Minting ever, a little product I like to call:
"Bullion Chocolate"
Introducing:
The Valcambi Mint CombiBar.
Gold: 50 X 1g CombiBar Au .999
Silver: 10 X 10g CombiBar Ag .999
100 X 1g CombIBar Ag .999
Essentially these Gold & Silver Bars are designed to be easily divisible into exact 1g Gold/Silver or 10g Silver "MicroBars", with no loss of metal so as to provide the flexibility of smaller bars with the benefits of buying a larger bar.
Realistically, this idea works best with Gold ($59ish per gram 24ct) as opposed to Silver (.95cish per gram .999 Fine) however thiese bars have attracted a great deal of attention amongst physical holders of BOTH Gold & Silver. So much so that 10 X 1g Silver MicroBars recently sold on eBay for around $20 (that's Spot + 100%!!!).
The bars themselves do carry a fairly hefty premium however so far at least, it appears that the premium has more than paid off for those who have bought, divided & sold their Gold or Silver CombiBars off as MicroBars.
These bars are not only a phenomenal idea, they're very well presented in a plastic, tamper-proof sheaf with serial number & assay certificate, certainly good reasons to try keep your CombiBar in one piece for as long as possible!
(I know I won't be splitting mine up anytime soon!).
I look at it this way; It's a great idea & has fantastic potential but if people aren't willing to fork out the initial premium for them (especially silver) then theis product may not be on the market for as long as planned so I'm getting a few while the going is good!
Well......Enjoy your CombiBars folks & if you'd like to buy some, just drop me an email at:
the.bullion.boys@gmail.com
No comments:
Post a Comment