Where does BullionVault gold come from?
When new customers come onto the system we like them to be able to buy as much gold as they want at the best possible prices. But we only allow gold to be bought by them when it’s already in our vaults, and it takes a few days for the traditional bullion markets to deliver it. So we estimate likely demand and buy gold up front with our own money from the wholesale bullion dealing community at the then dealing price. We arrange for physical delivery to our vault managers – Via Mat. The bars delivered by our bullion market counterparties are guaranteed by the bullion trading system’s chain of integrity. After checking it our Vault Manager places the bullion in the vault. We are then sent a new bar list, upon receipt of which the newly received gold forms part of our official bullion inventory. We add the delivered fine gold content against our own trading account in our BullionVault property records. Once it is in our inventory we can sell it to gold buyers via the order board. Along wit
