The world's very first $1,000 an ounce gold-sale by a private investor just happened at BullionVault...
AMID THURSDAY's confusion over front-month gold futures and (possibly phantom) wholesale offers at $1,000 per ounce, one individual using the BullionVault service really did achieve a sale at the magic four-figure price.
It was the first time ever that a private investor sold gold at $1,000 an ounce, and it only happened at BullionVault.
The BullionVault user, who lives in Toronto, Canada, advertised his $1,000 price on our live online order board – just as any BullionVault user can – early Thursday morning.
He offered five ounces of gold for sale in our New York vault, and his offer was accepted by another customer, an investment company based in Hong Kong, at 07:05 New York time.
As ever, the transaction between these two private gold traders was done entirely online. Settlement – in full, for cash – was instant. Ownership changed hands, but the physical gold bullion itself remained immobilized in the highly secure, market-approved New York vault, where it's stored as part of a 100-oz Comex-approved "good delivery" bar.
That saved both sides the cost and hassle of arranging delivery. And it was only BullionVault's live online order board that enabled our Canadian user to achieve the world's first-ever $1,000 private gold sale, quoting his price and earning – rather than paying – the dealing spread.
Want to learn more – and claim a gram of Free Gold in our Zurich vault – today? Click through to BullionVault now...