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- Learn how BullionVault works
- Market screens
- Account screens
- How much? How easy?
- Frequently Asked Questions
- FAQs : Why BullionVault?
- FAQs : Safety
- FAQs : Vaulting
- FAQs : Operational
- FAQs : About Us
- FAQs : Governance
- FAQs : Robots
- FAQs : For US residents
- How to do it
- Open my account
- Fund my account
- View our bank details
- View our tariff
- Buy gold, silver and platinum
- Daily Price
- Regular Gold Investment Plan
- Silver and platinum
- Claim my free bullion/money
- Trade my free bullion
- Validate my account
- Submit a document
- Reserve a specific bar
- Become a referrer
- Sell my gold, silver and platinum
- Withdraw funds
- Withdraw bullion
- Coins for delivery
- Use the order panel
- Monitor my orders
- Cancelling my order
- Modify account settings
- Track spot prices
- Modify my limit price
- Set my limit duration
- See my trading history
- Prove my money is safe
- See the vault bar lists
- See client bank statement
- Switch to a different vault
- Understand my statement
- In case of death
- Close my account
- Contact BullionVault
- Make a complaint
- Whitelist our emails
- BullionVault terms
- Anti-slavery statement
- Cookie policy
- Terms and conditions
Beat the best selling price
The procedure
Step 1. | Select the ORDER BOARD by pressing the BUY/SELL menu button. |
Step 2. | Look at the prices in your chosen vault, in the currency you want to sell for. |
Step 3. | Click the Best Bid green brick. This loads the order panel with the details of the best bid i.e. with you as a seller. |
Step 4. | Adjust your price per kg upwards on the order panel using the arrow key. Now adjust the quantity to the amount you'd like to offer. |
Step 5. | When you're happy with your order press the SELL/OFFER button, and CONFIRM , as for a normal order entry. Then look below for what happens next. |
What happens next ?
- You will probably receive a response in the order panel saying 'Your order is now open'.
- As the best offer in the market you will probably see your price come up as the new highest offer gold brick for your chosen vault and currency (assuming your offer is for gold - if you offer silver or platinum it will be a grey or blue brick instead). You are selling, so you are advertising to a buyer.
- The reason we can only say probably is because you might have entered your order at almost exactly the same time as a buyer bidding for gold at your price, in which case you will already have dealt. Or possibly someone has already bettered your price, in which case you're on the board, but not currently at the best price as a gold brick.
- One thing that's fun to do now is to view the new market spread. What you just did was narrow the spread on the gold price for the whole world. You can see the effect by pressing the BUY/SELL menu button, then selecting the MARKET SPREAD sub-menu option. You reduced the size of the white gap in your chosen vault and currency.
- As usual you can monitor the success of your order from the HISTORY > ORDERS screens. Sometimes it's best to monitor what's happening on the ORDER BOARD itself, because you'll see if anyone is offering gold cheaper than you.
- If you decide you want to push the purchase through you'll need to withdraw your offer by killing it from the HISTORY > ORDERS screen and replacing it with one at a lower price.
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