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You are bidding on 1 (One) Item
5 Gm Gram (~0.1605 Troy Ounce) Gold Bullion (Bar, Ingot) by IAR 999.9/1000 pure 24 Karats gold in numbered manufacturers plastic card.
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Gold is always an excellent investment tool and a really outstanding great gift concept something you can put in your hands, that never loses its value.
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ITEM DESCRIPTION--------------------------------
5 Gram (~0.1605 Troy Ounce) 999.9/1000 Pure Gold
Sealed in manufacturers credit card size plastic card.
Freshly minted with a shiny finish and ready to ship.
Size: 0.74 x 1.10 Inch, (19 x 28mm)
Colour of photo is not showing of surface finish of gold bar.
SECURITY POLICY----------------------------------
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PAYMENT------------------------------------------
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Payment is to be received within 3 days of auction close.
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REWARD PROGRAM--------------------------------
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FEEDBACK & COMMUNICATION---------------------
You can be assured that you are purchasing a quality product from honest seller.
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Correspondence language is simply English.
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SHIPPING & HANDLING-----------------------------
Items will mail via International Registered mail.
Shipping on payment made with Paypal will be delayed 3 days until payment clears.
Shipping is free of charge limited time only. We may change the promotional rates, including S&H, insurance, at any time for any reason.
Items are not available for pick-up.
Order(s) are shipped daily Monday to Friday.
Item(s) sealed for loss prevention.
Delivery Times:
States (10-19 Days).
Canada (10-15 Days).
Europe (10-15 Days).
International (10-21 Days).
Please be patient. Occasionally takes up to 2 or more weeks for delivery. Sometimes postal service is getting slower. Especially at weekends and holidays.
IAR PRODUCTION TECHNOLOGIES-----------------
IAR (Istanbul Golden Refinery) technology to produce 999.9/1000 purity gold of a high quality. IAR now inherits this reputation. The company takes into consideration the product quality, manufacturing cost, and safety of its labour force and the environment when it chooses, develops or renews its technology. In its early days, IAR used to import technology and know-how but with the expertise now developed within the company, this is no longer necessary. IAR plan to retain our leadership position in our industry by designing new machinery and equipment, developing new technologies and know-how, increasing productivity and quality and reducing costs. IAR's technology is world class and is capable of refining gold to 999.9/1000 purity in the shortest time. IAR can convert scrap or dore bullion into 999.9/1000 purity bullion in just 4 hrs.
ABOUT IAR----------------------------------------
IAR was founded in 1996 with the support of the Turkish Government Treasury and the newly formed Istanbul Gold Exchange. The major shareholders consisted of a group of leading Turkish banks. One of the government's key objectives in creating the IAR was to encourage the public to deposit more of their family gold savings (estimated at 5,000 metric tonnes in Turkey) with financial institutions. Family gold savings are typically held at home in the form of coins and jewellery, but this needs to be converted to standard bullion to be sold or deposited to financial institutions. The Government and the Treasury wished to support this refinery and hoped that it would gain international acceptance and thus begin the process of converting static gold deposits to dynamic financial energy. The other goal in creating the IAR was to provide support to the Istanbul Gold Exchange's gold transactions, gold refined from dore bars produced by domestic and international gold mines.
NEAR GOLDEN HORN SINCE 1461-----------------
IAR operates in the unique atmosphere of Istanbul's famous Grand Bazaar (also known as The Covered Bazaar), which for centuries has been the heart of the Gold Trade and jewellery production in Turkey and Ottoman Empire. Trade in the Grand Bazaar dominates the gold market in Turkey, some parts of the Middle East and Eastern Europe and has an important impact on the US and European jewellery markets. The Grand Bazaar was founded in 1461, a few hundred years before the foundation of the Republic of South Africa which is the biggest gold producer in the world. Gold was explored, refined, minted and shaped in Anatolia (the Asian part of Turkey) in ancient times. The first refinery in the world was developed in Turkey by the legendary Lydian Emperor King Croesus (the sixth century B.C.). Gold refining started in this region with King Croesus all those years ago and our refinery, IAR, now continues in this grand tradition.
TERMINOLOGY------------------------------------
KARATS:
This stems back to ancient times in the Mediterranean /Middle East, when a carat became used as a measure of the purity of gold alloys.
A Carat (Karat in USA & Germany) was originally a unit of mass (weight) based on the Carob seed or bean used by ancient merchants in the Middle East. The Carob seed is from the Carob or locust bean tree. The carat is still used as such for the weight of gem stones (1 carat is about 200 mg). For gold, it has come to be used for measuring the purity of gold where pure gold is defined as 24 carats. How and when this change occurred is not clear. It does involve the Romans who also used the name Siliqua Graeca (Keration in Greek, Qirat in Arabic, now Carat in modern times) for the bean of the Carob tree. The Romans also used the name Siliqua for a small silver coin which was one-twentyfourth of the golden solidus of Constantine. This latter had a mass of about 4.54 grammes, so the Siliqua was approximately equivalent in value to the mass of 1 Keration or Siliqua Graeca of gold, i.e the value of 1/24th of a Solidus is about 1 Keration of gold, i.e 1 carat.
Gold jewellery/ jewelry is usually described in terms of caratage (karatage), which is an indication of its gold content, for example 18 carat or 18K. Alternatively, the gold content can be described in terms of "fineness", which is the gold content expressed in parts per thousand, for example 750 (which is 18 carat or 75.0% gold).
Since the price paid by the purchaser for gold jewellery is based on the amount of gold in it, it is important for the consumer to know how many carats (in USA – karats) of gold there is in the piece. Most jewellery worldwide is marked with the caratage or fineness. This may be part of a Hallmark on the jewellery (see Assaying & Hallmarking for the definition of a mark and hallmark).
Pure gold (fine gold) is 24 carats (karats) and so 24 carats is theoretically 100% gold. In Chinese, it is also known as "Chuk Kam", meaning "pure gold" and is defined as 99.0% gold minimum. Thus, there is a 1.0% negative tolerance allowed in this case.
TROY OUNCE:
Gold is traditionally weighed in Troy Ounces (1 Troy Ounce=31.1035 grammes=1.0971 ounce).
GREETINGS----------------------------------------------
We appreciate the time you took to our listing. We are very interested in working for you and look forward to hearing from you regarding this bid.
END OF ITEM DESCRIPTION------------------------------
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