Is it always BullionVault with whom I trade?
No. You only trade with BullionVault if we were first to post the price which is better for you than any other BullionVault seller – who might be another individual such as yourself making use of the order board to get the best possible price when he wants to sell. BullionVault gets no trading priority over other participants. In fact if you choose to offer the best price, and we subsequently match your price on the order board, then you get priority over us, because you were there first. This is the same for all participants and is true both for buying and selling. Sometimes we underestimate how much gold there may be demand for over the next two or three days. When this happens we run out of bullion inventory and cannot operate as a seller of gold until we take delivery of some more. Then – just like any other Customer – we are prevented by the system from selling gold. But we are only one potential seller of gold. Whether we are selling or not other willing sellers will be setting p
