It used to be very difficult for private individuals to find a simple, safe and cost-effective way of buying, storing, and then selling gold.
Présentation of the society: BullionVault is owned by Galmarley Limited name origin, which is company number 4943684 registered in Great Britain. As at December 2007 the company had 47 shareholders. For a modest fee you can obtain a full and formal shareholder list, updated annually,from Companies House on.http://www.companieshouse.gov.uk. Galmarley's offices are in West London (UK) and we welcome callers by appointment. Our services are delivered to you by our own computer machinery hosted in separate locations in Britain and USA, which we connect to and manage from our London offices. Galmarley is involved exclusively in gold and gold related information technology. It owns not only www.BullionVault.com but also www.galmarley.com The www.galmarley.com site is a free educational resource for researchers seeking information on gold's monetary history, its modern role, and how it is traded around the world. It was developed and published in 2001/2 and has grown to become one of the most visited and studied gold resources on the Internet.
BullionVault's objective is to create the world's most cost-effective, secure and accessible market in professional grade gold bullion.
We want to do this because :
We believe there is a deficit of financial responsibility in many modern governments and financial institutions.
We believe that modern currencies and other paper based value systems will inhibit savers from retaining their domestic and worldwide purchasing power.
We believe that using gold to provide protection from this problem is a strategy which has become inaccessible to individuals.
We believe that we are uniquely well qualified to re-build that accessibility and to manage the service in a way which maximises security, accessibility and value for our customers.
Printscreen of the platform
Why do active traders choose BullionVault?
For active traders the bottom line is the cost of trading. Traders cannot expect to make a profit if they are always paying commissions and/or the spread. It's as simple as that.
BullionVault allows active traders to choose to behave like a market professional, by quoting prices. This allows the true trader a negative cost per trade, through the opportunity to earn the spread.
To see the power of this examine the net effect of continuous quoting on BullionVault on an unmoving price with a $2 spread at $620 per ounce. The quoter earns rather than pays the spread - just like a market professional. It soon outweighs the cost of commissions :
Annual volume
Buy commission
Sell commission
Spread
Net effect
First 30 000$
-0,8%
-0,8%
+0,32%
-1,28%
-384$
Next 30 000$
-0,4%
-0,4%
+0,32%
-0,48%
-144$
Next 540 000$
-0,1%
-0,1%
+0,32%
+0,12%
+648$
Thereafter
-0,02%
-0,02%
+0,32%
+0,28%
+0,28%*
*%age of your trade volume.
There are very few systems in the world which will grant you access to the spread, and you can see why. Spread access is what really gives you the ability to profit from trading, and that's why most businesses keep it for themselves.
But notice that you are not making a profit at BullionVault's expense here. What is happening is that the liquidity you provide is being consumed by a retail client who is taking the price you make, and paying the spread to you and a commission to BullionVault.
BullionVault, in the tradition of a true exchange, is acting as a meeting place. BullionVault's capital is not employed in the transaction, and the resources of both parties are on hand to settle the transaction instantaneously. This is how BullionVault is at no material risk, and why it is satisfied to earn the tiny amount of 0.02% on your side, which is greatly exceeded by the likely 0.8% of commission which BullionVault makes on customer who accepts your price.
We think this is fair. A long term holder who trades infrequently pays a higher commission for a service he uses infrequently, but where he expects to find ample liquidity when he wants to sell. A liquidity provider pays a much lower commission rate which means he can earn a profit from providing liquidity. More to the point - and this is very important - people are entirely free to choose which one they want to be. The commission rate simply reduces automatically as people trade more.
BullionVault's objective is to be the cheapest, safest, and most accessible worldwide market in privately owned gold bullion. There is no safer way for private individuals to deal in and own gold, and there is no fairer proposition to the trader. But always be aware that trading is a risky business because markets can swing against you. When you quote prices you need to be ready to act as markets move, otherwise you will find your prices become unduly attractive to other participants.
- The most competitive gold prices in the world are enjoyed by the participants in the professional bullion market: large gold dealers, refineries, government agencies and bullion banks.
- This professional market only deals in what are known as Good Delivery bars. If you're not trading these bars you are excluded from their market - and their very competitive prices.
- Good Delivery bars are cast by a small group of metals refiners accredited by the professional bullion dealing communities in London, New York and Zurich. They are accurately assayed and guaranteed always 99.5% pure gold or better. The market trades their pure gold content, known as fine gold, so you don't pay for the impurities.
- From the day they're first manufactured, Good Delivery bars are kept in bullion vaults recognized and monitored by the local gold dealing community. Every time bars are moved a careful record is maintained, showing continuous storage through trusted hands. This guarantees gold bar integrity in a way that keeping gold at home, or even in safety deposit boxes, simply cannot match.
- The result is that professional buyers accept deliveries of these bars direct from the seller's vault without re-checking their purity - and that greatly reduces bullion dealing costs. This is why they're called Good Delivery bars.
- Good Delivery bars are large - usually 400 troy ounces each (12.4kg). The professional market doesn't allow you to own part of a bar.
- But having enough money to buy a whole bar or two would only solve half the problem. You still need that relationship with a formally recognized vault to look after the gold while you own it. The starting balance for an accredited storage account is 15 to 20 of these 400-ounce bars, and the agreements take a lot of time, cost and effort to set up.
- These barriers keep private users out.
Your safety & security assured
- For as long as you own it your gold remains your outright property, stored in specialist facilities reserved exclusively for BullionVault clients and run by accredited professional vault operators who are wholly independent of BullionVault. You choose the storage location :- London, New York or Zurich.
- You are truly isolated from the systemic risks in the financial system. You have taken legal delivery of your gold and you own it directly in physical form. Unlike the huge majority of investment products no company's financial failure can deprive you of this gold. Lloyds, Via Mat and BullionVault could all fail - and your gold is still safely yours.
- Each and every working day BullionVault publishes on the internet the complete register of all its gold owners - with each owner listed under a public nickname known only to themselves.
- This register reconciles exactly to the official bar list published with it. The bar list is produced by the vault operator, independently of BullionVault. No other custody business in the world subjects its records to this continual, daily, public scrutiny.
- BullionVault is also the only gold market in the world which stays open 24 hours a day, 7 days* a week.
- Because you and all other BullionVault users have a right to sell whole bars directly onto the main market - one of the deepest capital markets in the world - you'll always find a buyer paying a fair price when you want to sell.
- You even have the right to withdraw gold from the vault, although the huge majority of BullionVault users leave their gold right where it is. That way they continue to enjoy the benefits of owning Good Delivery gold which - remember - does not leave the professional vaulting circuit. (There may be additional fees, taxes and reporting obligations for bullion withdrawal.)
- Any purchase you make is settled instantaneously - we checked the seller had sufficient gold in your chosen vault before it was sold to you. Any sale you make is settled instantaneously too - again we checked the buyer had deposited sufficient money before your gold was bought from you. BullionVault offers nobody credit, so nobody can let you down after you deal.
- You can withdraw your money immediately after you sell. Your money will leave your BullionVault client account by the end of the next business day (London time). There is no minimum period for investing.
- For your safety - and to obey international anti-money laundering laws - your money is sent straight back to your original funding bank account. Money transmissions to your original funding bank account are fast, safe and low-cost.
- And we make sure you can't make an expensive mistake either. You won't be able to buy more gold than you can pay for, or deal at a silly price. Firstly that's because the system eliminates all of these obvious user errors, but it's also because we invite you to phone us, and we'll talk you through your first deal one button at a time. We check that everything is exactly as you want it while you're still on the phone. You'll be amazed how simple it is.
This combination of safety, value, accessibility, transparency and service has quickly attracted 40,000 users. It's created a private bullion store owned by the citizens of 83 countries and worth more than $220m, making BullionVault.com the most popular direct gold ownership service in the world.
FOREX stands for Foreign Exchange - which means currency market. The Forex market is where currencies are sold, bought, in the form of parity. On the Forex market, all currencies are traded in real time, 24h/24h, 7J/7J. The Forex is open since few years to individuals, single investors wishing to diversify their investments or pure speculators. The access to foreign exchange market for individuals is offered through Forex Brokers.
BEWARE: FOREX is a market made volatile by the leverage which is offered to you. Consequently, a risk of important financial losses is always present. Tribuforex provides his internauts some trade ideas and analysis, but will not be responsible in case of losses. The main goal of www.tribuforex.fr is to offer a tool allowing traders to share forex between them.
