The gold bar from Credit Suisse has reached a level of worldwide popularity throughout the globe. The Credit Suisse Group mints this important precious metal and it has the financial backing of powerful brands on an international scale and the highest quality bullion produced in Switzerland. This financial holding company based in Switzerland has been around since 1856. They achieved banking superstardom throughout the years and are considered one of the biggest precious metals producers throughout the world.
The current headquarters for the Credit Suisse Group is located in Zürich, Switzerland. Every one of their gold bars has the backing of the Bank of Switzerland and contains its own individual serial number.
The History of Credit Suisse Gold Bars
Originally, this company was established to help the country of Switzerland construct a railway system. In its first few decades known as the Swiss Credit Institution, the company evolved tremendously and became a large part of the development of Switzerland itself. In fact, this company gets credit for helping to push forward the creation of the Swiss currency. They also have an impeccable reputation in Swiss banking and even provide additional funding for entrepreneurs in Switzerland.
1979 was the year that the Credit Suisse Gold bar was originally established and made available on the market. Since this time, they’ve produced a new gold bar every year without fail and offer a wide variety of sizes and more. It didn’t take long for these gold bars to gain a flawless reputation as the safest, most secure, and most affordable way to purchase physical gold. The Valcambi refinery in Switzerland is where they mint Credit Suisse Gold bars.
The Physical Characteristics of Credit Suisse Gold Bars
The Overall Design
The beautiful thing about the Credit Suisse Gold bar design is that you will instantly recognize it because of its unique and distinct style. It is made with a rectangular shape, it’s very thin, it has the smoothest edges, and it really sparkles so when you see it in the right light it will have a beautiful flashy shine to it.
On the front of each Credit Suisse Gold bar is the stamp with all of the important information on it. This information will include a unique serial number, the fineness of the gold, and the overall gold content as well.
As an example, if you were to pick up a 1 g Credit Suisse Gold bar, you’d see the following information: 1 g, FINE GOLD, 999.9.
Above the information in the example is where they locate the gorgeous Credit Suisse logo. It’s very simple in nature but it stands out and really catches the eye. The words CREDIT SUISSE are there and located inside a rectangular shaped box. Another small rectangular box is located below the words Credit Suisse, and written inside you’ll find the French phrase ESSAYEUR FONDEUR, which basically translates into the phrase assayer founder.
All of the information on each gold bar is known as the official stamp that represents the company. The French words are there because Switzerland doesn’t actually have an official language. The back of each bar contains repeating copies of the Credit Suisse logo just like it is on the bar’s front side.
Credit Suisse Gold bars have a wide range of weight denominations but always possess a gold fineness of .9999, which is 99.99% gold, or to put it another way, it’s 24 karat gold. Their bars are made with the metric weight denomination since they are part of a European bank, although occasionally they also mint them in Troy ounces.
When you buy Credit Suisse Gold bars, you can get them in a wide range of available sizes. Those sizes include the following:
- 10 Tolas
- 5 Troy ounces
- 1 Troy ounce
- 10 Troy ounces
- 1 g
- 5 g
- 5 g
- 10 g
- 20 g
- 50 g
- 100 g
- 250 g
- 500 g
- 1000 g
Because of the .9999 fineness, the value of these gold bars continues to increase. Since gold is really malleable, if you do not deliver and package these bars correctly, they can show the signs of wear and tear during shipping and handling.
The Pricing of Credit Suisse Gold Bars
A gold bar is never considered to be used as legal tender, unlike a gold bullion coin. So you cannot carry it around and it doesn’t possess an actual transactional value. Regardless, there are many advantages to purchasing physical gold in the form of gold bars.
One example is that minting gold bars is considered a much cheaper option than minting gold coins. So the value that you pay for production, minting, and shipping will be ideally closer to the spot price as opposed to the inflated price for gold coins.
Even more important, owning gold bars are quite cost-efficient as far as purchasing gold is concerned. Buying it for an investment portfolio is determined by the overall value. Prices of gold tend to fluctuate throughout the day, so the value of owning a Credit Suisse Gold bar will also fluctuate on a day-to-day basis or even a minute to minute basis when the commodity market is open.
You can discover the daily price of gold in many major newspapers or track its value on potentially hundreds of websites on the Internet. Since gold bars are extremely popular, they are issued a unique serial number and recognized as a valuable commodity throughout the world. It’s very easy to trade gold bars on the world market whenever you want because it is a highly sought after form of wealth.
If you are into gold bars, you may like the 2020 Trump Coin.
Buying IRA Approved Credit Suisse Gold Bars
The IRS grants investors the ability to purchase gold bars as part of their IRA account. This means that you can own precious metals in your retirement investment portfolio, also known as a precious metals IRA or a gold IRA.
But you’re only allowed to purchase certain IRS approved bullion as part of this retirement account. And it must qualify as gold, platinum, palladium, or silver coins and bars.
It’s good to know that Credit Suisse Gold bars fall under the category of IRA approved Gold bullion. So you can purchase this gorgeous gold bar as part of your retirement portfolio and gain tax-free returns inside of your precious metals IRA.
The Internal Revenue Code section 408B dictates certain purity requirements and Credit Suisse Gold bars meet these requirements with flying colors.
To open a precious metals IRA, you’ll have to purchase $5000 worth of gold bullion to establish your account. And every subsequent gold purchase must be $1000 or more.
Remember to invest in Credit Suisse Gold bars because they are an IRA approved metal that is perfect for long-term retirement investing. Get started through a broker like Regal Assets today to begin your gold investing journey toward wealth and prosperity during your retirement years.