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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: NOW who wrote (102122)	3/13/2009 6:04:25 PM
From: Chispas	Read Replies (1) of 110194

Bullionvault is for trading, not for taking posession : (Q) When I am using BullionVault to buy gold online, will I get the actual delivery of what I buy? Yes. All BullionVault gold is delivered. But this word 'delivery' is not synonymous with 'possession' and the subtle difference is very important - especially for gold. With BullionVault you take delivery at the instant of trade. From that point the gold is your property, even though it continues to be looked after by your professional bullion custodian. The huge majority of gold transactions in the world are undelivered. This includes unallocated gold, i.e. most pool accounts, most of the popular certificate schemes, and almost all gold bought through banks. Undelivered gold exposes buyers to default because the gold is not theirs in law. So BullionVault is exceptional in that every trade is delivered at the instant of trade. BullionVault gold includes the right to take possession. But on BullionVault you choose not to take immediate possession: you leave that decision pending some future crisis, because postponing possession will almost certainly save you a lot of money and inconvenience."

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