LBMA 1,000 oz Good-Delivery silver bars are used in settlements on the London Bullion Market, COMEX, and other international exchanges. These silver bars are produced by reputable LBMA-accredited precious metal refiners. LBMA Good Delivery silver bars offer the lowest premium for investors keen to buy silver.
Although metal purity is standardized, these bars vary greatly in shape, manufacturer branding, and mass which can vary between 750 and 1,100 oz. The vast majority of these bars will weigh between 950 and 1030 Troy oz. The list of current silver refiners of LBMA Good Delivery bars can be found on this page.
The variation in mass in particular greatly complicates transactions as each bar will have a unique weight that is unknown upon ordering.
THE PRICE WILL ONLY BE CONFIRMED WHEN THE BARS HAVE ARRIVED AND WE KNOW THEIR ACTUAL WEIGHTS.
THE BARS WILL BE ASSIGNED WITH THEIR ACTUAL WEIGHTS ONCE WE HAVE RECEIVED PAYMENT FOR THE ORDER.
Be aware of the following characteristics:
Disadvantages compared to 1000 oz bars:
Advantages over 1000 oz bars:
1,000 oz bars are available as a Transfer-In Storage option and when we have in-stock availability. Storage costs for these bars are be prorated based on their individual weight so a 1048.15 oz bar will have a proportionally higher storage fee compared to a 937.06 oz bar.
Bar(s) available in STAR Storage by weight:
These bars are tax-free in Singapore and you will receive a photograph.
For bars that are shipped to our vault as initiated from a customer's previous vaulting location (whether purchased from us originally or not), a DUX inspection on each bar will be conducted as we do with our standard parcel transfer-ins. However, they will not be packed in parcels as the transparent parcels are not strong enough to withstand the weight. Instead, the bars will be identified by a manufacturer code and serial number and will have a DUX Tamper Proof Label on the bar that links to the online DUX Inspection Results.
Points computation: 1 bar = 1,000.00 points
Fixed Storage Fee
|6 months||138.7000 SGD|
|12 months||277.4000 SGD|
|24 months||554.8000 SGD|
|36 months||832.2000 SGD|
|60 months||1,387.0000 SGD|
|Item||Cost Per Bar|
|Transfer-in and testing||140.00 SGD|
* Stored in multiples of 1 bar and can be collateralized. Any unused storage will be refunded upon sellback or delivery.