But the wealthy client can execute a spot market order to buy at the world market price, and offer the gold they already own in the vault to other BullionVault users for a small but easy profit. The cheapest gold on BullionVault would start to drift above the world market price, as bidders bid over the world price. Suppose a wealthy client had 400 oz of gold in BullionVault already, but with heavy demand from buyers there were few offers on the Order Board. You might not realise how this service for wealthy customers contributes to your liquidity but it does. During the London trading day they can deal whole bars of gold (400 oz multiples), half pallets of silver (16,000 oz multiples) or a minimum of 4 bars (18.66 kg) of platinum or palladium at the world market price. They can telephone deal through us directly on the London Spot Market. The London Prices published by the LBMA are used widely all around the world.įinally we offer a special service for larger clients. We allow you to buy or sell as much gold as you want at the Daily Price, and we take onto our own stock the rounded up fraction of a 400 oz bar. These prices represent the deepest daily pool of bullion market liquidity in the world – typically restricted just to professionals, which is why you access it through us. You can enter an order to buy or sell at the benchmark prices published by the London Bullion Market Association (LBMA). Although we immediately buy new stock to replace what was sold it takes 48 hours to be delivered, and because the gold is not yet in the vault the robots have no stock to sell.Īt such times you benefit enormously from the access BullionVault gives you to the liquidity of the full depth of the London market. Sometimes, like on the day Lehman Brothers went bust, clients acquire all the immediately available stock from our robots. This brings yet more liquidity to the marketplace. In normal circumstances they quote prices 24/7 and offer the most dependable and instantly accessible medium-size liquidity of any bullion trading environment anywhere in the world.Ĭlients with an interest in computer programming often develop robots for themselves and use them to trade like professional dealers. It's as simple as that.īullionVault's robots usually quote prices in larger quantities than most clients do sufficient to deal $2m worth instantaneously when world bullion markets are open. You buy from them, or sell to them, just like you would directly with another client, but only while they offer a better price. Robots are subject to the same limitations as you, which means they can only sell what they already own physically in the vault, or buy with their cleared cash balance. Ours manage BullionVault's own $40 million inventory. 'Robots' are computer programs which receive an electronic price feed and use it to quote prices on the BullionVault Order Board in just the same way as you and other clients do. That means you'll trade directly with BullionVault itself – via one of our robots. However clients aren't forced to quote great prices, so about 35% of the time our own price is better for you. This direct client-to-client dealing accounts for about 65% of trading volume on BullionVault. You deal direct with them, cutting out the middleman to your mutual advantage. The best price is usually offered by another BullionVault user. We're more than happy to help you through your deal on the telephone.īullionVault offers you exceptionally reliable and deep liquidity through four complementary channels. But if you're a bit nervous just call us. Open exchanges and competing quotes get you better prices. Our website makes using an exchange very simple and safe for you, and people from all over the world have quickly got the hang of it and empowered themselves to deal gold cheaper. That’s why BullionVault prices are genuinely ‘competitive’. There is 24/7 competition between users to offer each other the best price. ![]() The more competitive the price you post the higher your chance of doing a deal, and if you offer to pay the price at which somebody is already offering (the ‘Buy‘ price, or ‘Best Offer‘ - here ) you'll deal straight away. You'll check the price on a price chart, choose your own dealing limit price, and enter your order. You both save money by cutting out the middleman, both when you buy and when you sell. You get to deal directly with another user who wants to sell when you want to buy, and vice-versa. They come from other BullionVault users, just like you.īullionVault offers a marketplace exchange in accredited, pre-vaulted, privately owned, professional market bullion. Where do our gold, silver, platinum and palladium prices come from? You'll have seen the current prices for buying gold, and selling, on our front page.
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