imperial minerals and petrochemicals

BullionVault customers also save money by cutting out the middleman and dealing directly with each other. They do this on the internet using BullionVault's public order board, which is like a stock-exchange for privately owned Good Delivery gold. The open price competition operating between thousands of our users is what has driven down the cost of trading gold, and taken the average spread across all BullionVault users to exactly zero.

There are savings at settlement time too. You don't have to arrange for expensively insured courier deliveries. All the gold you buy is already in the vault where you want it. Then, when you sell, your buyer wants his gold in the same vault, and he frequently pays a small fraction over the spot price for your gold because it saves him the shipping cost.

It's worth understanding that BullionVault is open-ended. The amount of gold in BullionVault floats up and down according to customer demand. When customers are buying from our stock we simply replace the falling stock with new Good Delivery bars bought from the professional market. Then, because the gold remains Good Delivery, when our customers are selling to us we sell surplus bars back to the professionals. What we are doing is acting as a buffer between the amounts that private buyers want to deal, and the inconveniently large sums that the professional market deals.

We even allow all our customers - including you - to execute that same buffer role. Anyone who is trading whole 400 oz bars can deal through BullionVault directly on the professional market, at the world spot price. We let everyone have this right to ensure that no-one, including us, can manipulate prices on BullionVault to create a differential between BullionVault gold prices and the world's professional gold market