CombiBars: Alternative Method Of Payment (+VIDEO)
Prices have gained almost 500 per cent since 2001 – compared to a 12 per cent increase in MSCI’s world equity index, a benchmark for the value of the world’s business investments. According to data from the World Gold Council, sales of gold bars and coins were equal to nearly $77 billion (£48 billion) in 2011, up from just $3.5 billion (£2.2 billion) in 2002. Swiss refinery Valcambi has begun selling its CombiBars, divisible precious metal bars, to private investors in Switzerland, Austria and Germany who are worried about the hyperinflation. The 50g gold CombiBars are the size of a credit card, can be easily broken into one gram pieces to be used as money during crisis. Michael Mesaric, CEO of Valcambi, says that the advantage of the CombiBar (dubbed a ‘chocolate bar’) is that it is easily carried and is cheaper than buying 50 one gram bars. CombiBars are an investment product that are a robust composite of 50 x 1g Gold, 100 x 1g Silver or 10 x 10g Silver Bars. They are also available in Silver as legal tender 100 x 1g CombiCoin or 10 x 10g CombiCoin and as 50g Palladium and Platinum CombiBars. The single 1g / 10g bars are manufactured with accurate constructed predetermined breaking points and therefore can be separated easily without any loss of material. The Purity of the consisted Gold is 99,99% and of the consisted Silver 99,9% like regular produced Good Delivery bars also. The company aims to bring CombiBars to market in the U.S. and build up sales in India, the world’s largest consumer of gold.