Posting on the order board means we put the details you want to trade at on the order board where everyone can see them. In effect you are advertising your live dealing price to everyone else.
It's a very powerful thing this, because in most markets only the proprietor has the power to post live dealing prices.
Here - by being posted on the order board - you can get to be the highest bidder for gold, or the cheapest offeror of gold. On BullionVault if you are the first to post a price you are guaranteed to be the first to deal at that price, so it's a great way to squeeze a little more profit out of every trade.
In fact it's because so many people are trying to do this that the dealing spreads on BullionVault are so much tighter than they are in the gold market in general.