5. London Good Delivery – Gold and Silver (2024)

FAQs

5. London Good Delivery – Gold and Silver? ›

The Good Delivery Rules provide information for existing refiners and the banks that work with them, as well as the necessary guidance for refiners seeking accreditation. These specifications include the acceptable fine ounce weight, purity and physical appearance (including markings and surface quality).

Good delivery refers to the list of precious metal mints that meet the strict conditions set by the LBMA for the production of gold and silver bullion.

Good Delivery bars are large precious metal bars of high purity and standard weight and dimensions. Such bars are used in the major international physical settlement markets and by central and private banks for their reserves.

I'd stop investing in gold and silver completely. I don't put money in precious metals at all, because they have a lousy long-term track record. — Dave Ramsey is CEO of Ramsey Solutions.

Some of the most trustworthy and well-known gold dealers include JM Bullion, American Precious Metals Exchange (APMEX) and American Hartford Gold.

If you're looking for a convenient, flexible addition to your investment portfolio, with capital gains tax benefits, then gold coins could be the best choice for you. If you're looking to make a larger investment and want to avoid paying a higher premium, then gold bars could be your best option.

The recommended dimensions for a Good Delivery gold bar are approximately: Length (Top): 250 mm+/- 40 mm. Undercut* range: 5-25 degrees. Width (Top): 70 mm +/- 15 mm.

Warren Buffett has been vocal that he feels gold lacks value because it lacks usefulness. A key principle of value investing, as Buffett practices it, says you should only invest in things that serve some practical purpose. Silver has myriad uses, and Buffett has invested nearly $1 billion in it.

Gold often tops the list due to its status as a hedge against inflation and currency devaluation. Silver, palladium, and platinum are also considered valuable investments, with demand driven by industries such as electric vehicles, solar panels, and jewelry manufacturing.

What does Suze Orman say about investing in gold? ›

Commodities like gold are speculative, so you should only invest what you can afford to lose. Orman recommends putting no more than 5% of your investments into commodities.

In general, silver bars tend to offer the most cost-effective pricing with the lowest premiums over spot compared to silver coins of the same weight. Storage logistics and costs are also lower for smaller amounts of silver, but become more of a consideration as the total dollar value of holdings grows larger over time.

Cramer has often advocated for a mix of asset classes to spread risk and increase the likelihood of stable returns over time. He acknowledges gold's role as a hedge against market swings, which can act as a counterbalance to more volatile investments.

The easiest way to invest in gold and silver is to buy one or more exchange-traded funds (ETFs). The key advantage is that they are extremely liquid, and you can buy or sell them within your brokerage account. This allows for easy portfolio rebalancing and an inexpensive and hassle-free buying/selling process.

What are the best gold bar brands to buy as an investor? Investors should always look towards the most respected, internationally recognized manufacturers when buying gold bars. We recommend PAMP Suisse, The Perth Mint, Valcambi Suisse, The Royal Canadian Mint, and Credit Suisse gold bars.