Valcambi sa, an international gold refiner and bar manufacturer based in Switzerland, has debuted their new CombiBar, a .999 gold or silver, credit card sized “bar” that can be broken into 1 gram increments for smaller transactions.
For those who invest in precious metals as a form of barter or alternative currency, the traditionally higher premiums on small gold bars are cost-prohibitive to many buyers, making silver much more attractive due to its lower cost per ounce and ease of use in transactions.
Gold is typically reserved for larger purchases or as a store of wealth, until now. The CombiBar allows an investor to purchase 50 gram or 100 gram “bars” that can snap apart into individual, smaller “bars” or sheets. The cards are available in .999 silver, palladium, and platinum!
It should be noted that like all precious metal purchases, there is a premium, and according to my figures, the CombiBar runs approximately 15-25% higher than spot price, depending on what precious metal you purchase.
Typical bullion prices only command a 5-10% premium, so it boils down to, “Are you willing to spend a bit more now for easier use in the future?...Continue ReadingView Comments (8)