Spot gold trading exchange
With Elemetal Vault, we partner with the most trusted secure vault facilities in the world to keep your investment safe. When you purchase gold and silver on the Elemetal Vault bullion exchange, you own the metal, it is yours to hold or sell, even as it's in transit to the vault. Your metal belongs to you until you choose to sell it or settle your account using one of our versatile settlement options.
We encourage you to explore our site and learn more about our bullion vault storage and precious metals trading services: Well no longer… Welcome to the Elemetal Vault bullion exchange — an unprecedented online gold trading experience that gives investors far greater control over their assets than ever before by taking advantage of access to professional markets, an innovative and easy-to-use online trading platform, flexible settlement options and the best gold prices in the industry.
Elemetal Vault allows you to buy and sell gold instantly when the price is right. Through our strategic partnerships around the globe and connections within the Elemetal family , we are able to provide investors direct access to the gold trading market. By eliminating the middleman and storing your gold in the form of allocated gold, we are able to ensure that you get the most ounces for your dollar.
Trading gold with us feels like dealing with a bank — except with greater transparency and no hidden fees.
Another benefit of trading gold online with Elemetal Vault is that your metal stays locked up in a high security bullion vault at all times. Whenever you are ready to take delivery of your metal, it will be insured and shipped to your home discreetly. This caliber of security provides investors with complete assurance and peace of mind.
When the time comes for you to liquidate your holdings, we offer more settlement options than anyone else. The physical characteristics of gold and silver bars used in settlement in market is described by the Good Delivery specification which is a set of rules issued by the LBMA.
These forward contracts are known as gold futures contracts. Spot gold is traded for settlement two business days following the trade date, with a business day defined as a day when both the New York and London markets are open for business. Unlike many commodity markets , the forward market for gold is driven by spot prices and interest rate differentials, similar to foreign exchange markets, rather than underlying supply and demand dynamics.
This is because gold, like currencies, is borrowed and lent by central banks and in the interbank market. Interest rates for gold tend to be lower than US domestic interest rates. This encourages gold borrowings so that central banks can earn interest on their large gold holdings. Except in special circumstances the gold market tends to be in positive contango , i.
Historically this has made it an attractive market for forward sales by gold producers and contributed to an active and relatively liquid derivatives market. The bulk of global trading in gold and silver is conducted on the over-the-counter OTC market. Exchange-based trading has grown in recent years with Comex in New York and Tocom in Tokyo generating most of the activity.
Gold is also traded in forms of securities , such as exchange-traded funds ETFs , on the London, New York, Johannesburg, and Australian stock exchanges. Although the physical market for gold and silver is distributed globally, most wholesale OTC trades are cleared through London. This means that an amount equal to the annual gold mine production was cleared at the LBMA every 4. Allocated accounts are accounts held by dealers in clients' names on which are maintained balances of uniquely identifiable bars, plates or ingots of metal 'allocated' to a specific customer and segregated from other metal held in the vault.
The client has full title to this metal with the dealer holding it on the client's behalf as custodian. To avoid any doubt, metal in an allocated account does not form part of a precious metal dealer's assets. Unallocated accounts represent the most popular way of trading, settling and holding gold, silver, platinum and palladium. Transactions may be settled by credits or debits to the account while the balance represents the indebtedness between the two parties.
Credit balances on the account do not entitle the creditor to specific bars of gold or silver or plates or ingots of platinum or palladium but are backed by the general stock of the precious metal dealer with whom the account is held. The client in this scenario is an unsecured creditor. The total quantity of unallocated gold is estimated to be 15, tonnes at the end of  which supports the 2, tonnes on average of spot gold trade through London every day representing