Buy Gold And Silver At The London Fix Price
While we personally like placing limit orders to buy gold and silver at BullionVault during dips in the price, BullionVault realizes that not everyone has that preference.
You now have another, simpler way to buy gold and silver through BullionVault if you wish. Rather than using the Live Order Board to place your buy and sell orders – or limit orders – you can now choose to trade at the daily price set every working day at the London Fix.
The London Fix is the price set on UK working weekdays by auction between the major bullion banks. They announce the price just after 3pm London time for gold. This price is recognized globally as the benchmark for pricing and valuing bullion, and is quoted in major newspapers.
In order to trade at this daily price you first need funds in your BullionVault account. Once you have funds in your account go to our Daily Price page and tell us which metal you want to buy or sell and in which vault location. We will take care of the rest.
Your silver orders need to be made by 11.45am and for gold by 2.45pm London time. Your trade will then be settled in 2 working days.
BullionVault charge 0.8% for buying or selling at the daily price. Standard fees apply for storage and insurance. You can of course sell bullion bought at the daily price using our live, online markets as soon as it is settled into your account.
Click here to learn more about BullionVault if you do not already have an account there.