Credit Suisse Gold Bar Serial Number Check
The Credit Suisse Gold Bar is one of the most popular gold bars in the world. Minted by the prestigious Credit Suisse Group, these bars carry the backing of one of the most recognizable international brands as well as Switzerland’s reputation for high quality bullion. The Credit Suisse Group is a Swiss financial holdings company that dates back to 1856. The company has become an international banking powerhouse, but is a larger producer in precious metals as well. Credit Suisse Group is currently headquartered in Zurich, Switzerland. Each Credits Suisse Gold Bar carries a unique serial number and is backed by the Bank of Switzerland. Development, History and Introduction.
Credit Suisse Group is one of the most influential financial institutions in the world. Credit Suisse was initially established to aid in the construction of Switzerland’s railway system. Through the first several decades of its existence, the “Swiss Credit Institution” (as it was then called) evolved and became an integral part of Switzerland’s development. The company is credited with aiding in the creation of the Swiss currency, funding Swiss entrepreneurs and helping develop the reputation of Swiss banking. The first Credit Suisse Gold Bars were made available to world markets in 1979. They have been produced non-stop ever since, and have come in an increasingly wide variety of sizes. These bars quickly gained a reputation as one of the most secure, affordable ways to own physical gold.
Credit Suisse Gold Bars are produced at the Valcambi refinery in Switzerland. Credit Suisse Gold Bars Physical Characteristics Gold Bar Design The design of the Credit Suisse Gold Bar is very distinct and instantly recognizable. The bars are a thin rectangle, with smoothed edges and very little “flash.” The front of each bar is stamped with all of its important information. The gold content, gold fineness and the bar’s unique identifying serial number are all prominently featured. On the 1 – gram gold bar, the text will read 1 g., FINE GOLD, 999.9. The 1-gram Credit Suisse Gold Bar The simple Credit Suisse logo is featured above the information, consisting of only the words CREDIT SUISSE inside of a rectangular box. Underneath the information, in a smaller rectangular box, the French words “ ESSAYEUR FONDEUR” will appear, which loosely translates to “assayer founder.” These represents the official stamp of the refinery that manufactured the bars.
The words are in French because there is no official language of Switzerland. The back side of a Credit Suisse Gold Bar will feature diagonally repeating copies of the Credit Suisse logo that appears on the front of the bar. Specifications Credit Suisse Gold Bars of any weight denomination are guaranteed to have.9999 gold fineness (99.99% fine gold), qualifying as 24-karat. Credit Suisse is a European bank, so their bars are normally made in common metric weight denominations, though some have been made in troy ounces.
Credit Suisse Gold Bars come in a very wide variety of sizes: 1000 grams, 500 grams, 250 grams, 100 grams, 50 grams, 20 grams, 10 grams, 5 grams, 2.5 grams, 1 gram along with 10 troy oz, 1 troy oz, 0.5 troy oz and even 10 “tolas.” The.9999 fineness of these gold bars increases their value; however, gold is an incredibly malleable substance and, if not packaged and delivered correctly, a pure-gold bar is likely to show signs of handling and wear. Credit Suisse Gold Bars Pricing Unlike bullion coins, gold bars are not used as legal tender, and thus carry no transactional value. Despite this, gold bars have certain advantages over coinage for investing in physical gold. The minting cost of gold bars, particularly the simplistic Credit Suisse Gold Bars, can be much lower than the minting cost of gold coins. This means that their market price (value of the bar as determined by the trading value of gold plus shipping and production costs) tends to be very close to the spot price (trading value) of gold.
Gold bars are a very cost efficient way to own gold. The market price is the price used to determine value inside of an investment portfolio. Since gold prices fluctuate daily, the value of Credit Suisse Gold Bars will also fluctuate daily. Most major newspapers report the daily, making the value easy to track.
1 Oz Credit Suisse Gold Bar
Credit Suisse Gold Bars are considered very “liquid” precious metals commodity. This is because they are the most popular gold bars in the world, carry a unique serial number and are internationally recognized. This makes them easy to trade on the world market at any time. Investing in Credit Suisse Gold Bars Through an IRA The IRS allows Individual Retirement Accounts (IRAs) that meet specific requirements to carry precious metals bullion as an investment in a portfolio. These are often referred to as “ precious metals IRAs.” Precious metals IRAs are self-directed and may only contain IRS approved bullion.
Qualifying precious metals include certain gold, silver, platinum and palladium bars and coins. Credit Suisse Gold Bars are one of the authorized forms of bullion for IRA investing. By placing real, physical gold inside of an IRA, Credit Suisse Gold offers diversification in your portfolio that is independent of fluctuations in stocks or bonds.
All Credit Suisse Gold Bars meet the minimum purity requirements as set forth in Internal Revenue Code Section 408(b). For IRA investing, the owner of the account must make an initial purchase of at least $5,000 worth of qualifying bullion to establish a precious metals IRA. All subsequent purchases must be at least $1,000 each. When an investor makes a purchase of Credit Suisse Gold Bars (or any IRA-approved metal), the IRS further requires that all coins and/or bars be held in a qualifying “depository.” The depository is responsible for the security and maintenance of the bullion. Those with an existing IRA have the option of transferring or rolling over funds into a precious metals IRA. While most are bought and sold through different retailers such as APMEX (American Precious Metals Exchange), Credit Suisse Gold Bars can be purchased from Credit Suisse Group, and investors can even verify the authenticity of their individual gold bars by typing the unique serial number into the website. This serves to reassure those concerned about the prospect of counterfeit bars.
Sign up to learn more. If you're worried about the economy and want to learn tips on how to protect your retirement savings in case of another systemic collapse, sign up to our monthly newsletter now for free! We cover topics such as: precious metals investing, inflation, currency devaluation, national debt, the Fed's financial policies, world politics, and much more. Join now and we'll send you a free PDF report entitled “5 scams to avoid when investing in bullion gold & silver”.
Fake Gold Bars Exposed Fake gold bars resembling the ones produced by PAMP Suisse have recently arrived at our facility from “sellers” wanting to sell their gold and get paid with Bitcoin. We feel that by providing this information, we strengthen the community by alerting them before they are harmed, and also because awareness of a scam inhibits a counterfeiters ability to profit, thus nullifying the scam in its infancy. The fake gold bars are being made to look like the. However, with the right knowledge it should be easy for you to tell the difference before you get scammed.
Origins of Fake Gold Bars Fake gold bars can come from a variety of places, such as or eBay. It is also possible to buy them from private sellers posting classified ads online. Alarm bells should ring immediately when the price is too good to be true. Bear in mind that since buy and sell margins for dealers and distributors of genuine precious metals are usually pretty low, nobody would sell gold, silver, platinum, or any other metal for a low price. “Quick sale needed” or a similar reason for the low price is generally not an excuse to sell precious metals grossly under value.
Please click Next below to view some common red flags, and photos.