• LBMA
  • Trading is conducted amongst members of the London Bullion Market Association (LBMA), loosely overseen by the Bank of England. (wikipedia.org)
  • Similarly to a bank run this makes LBMA unallocated gold accounts susceptible to loss if a sufficient number of market participants request delivery of physical bullion. (wikipedia.org)
  • citation needed] LBMA accepts memberships from companies that deal with business closely related to gold or silver bullion in the London market. (wikipedia.org)
  • legal tender
  • The MKS Group is an official distributor of the following legal tender bullion coins: South African Krugerrand, US Eagle, Canadian Maple Leaf, Chinese Panda, Australian Nugget, Austrian Philharmoniker, and Royal Mint Sovereign. (wikipedia.org)
  • However, modern bullion coins generally do not enter common circulation despite having legal tender status and a nominal face value. (wn.com)
  • Although nominally issued as legal tender, these coins' face value as currency is far below that of their value as bullion. (wikipedia.org)
  • ounce
  • The Mint sells the bullion releases through its network of authorized purchasers at a set premium above the closing spot price of the specific metal per troy ounce on the London market. (coinworld.com)
  • When comparing London fixings on Thursday from those on Wednesday (PM to PM), gold edged down $1.50 to $1,606.50 an ounce, silver fell 45.0 cents to $29.30 an ounce, platinum declined $11.00 at $1,414.00 an ounce and palladium prices stepped back $1.00 to $631.00 an ounce. (coinnews.net)
  • October platinum declined $25.10, or 1.7%, to settle at $1,422.80 an ounce . (coinnews.net)
  • Palladium for September delivery shed $16.75, or 2.3%, to finish at $724 an ounce . (coinnews.net)
  • Splits were 925,000 ounces in American Silver Eagles and 4,000 ounces in America the Beautiful Five Ounce Silver Bullion Coins. (coinnews.net)
  • Bullion for immediate delivery added $5.71, or 0.5 percent, to $1,249.36 an ounce at 11:34 a.m. in London. (bloomberg.com)
  • Platinum was little changed at $1,553.25 an ounce. (bloomberg.com)
  • Palladium lost 0.5 percent to $521.25 an ounce. (bloomberg.com)
  • These are usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier. (wikipedia.org)
  • LONDON (Reuters) - Gold prices, which have fallen more than 20 percent this year, are expected to have rebounded to $1,405 an ounce by November 2014, delegates to the London Bullion Market Association's annual conference forecast on Tuesday. (yahoo.com)
  • Platinum prices are expected to stand at $1,675 an ounce, and palladium at $837 an ounce. (yahoo.com)
  • A bill authorizing the United States Mint to produce and distribute a one-troy-ounce palladium coin was passed into law on December 14, 2010. (wikipedia.org)
  • These coins are made of 99.95% pure palladium (.9995 quality), each one containing one troy ounce of pure palladium. (wikipedia.org)
  • For instance, Canada mints a gold bullion coin (the Gold Maple Leaf) at a face value of $50 containing one troy ounce (31.1035 g) of gold-as of May 2011, this coin is worth about 1,500 CAD as bullion. (wikipedia.org)
  • purity
  • The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. (wikipedia.org)
  • The purest mass-produced bullion coins are in the Canadian Gold Maple Leaf series, which go up to 99.999% purity. (wikipedia.org)
  • Other bullion coins (for example the British Sovereign) show neither the purity nor the fine-gold weight on the coin but are recognized and consistent in their composition. (wikipedia.org)
  • investment
  • But as a Bullion investment, platinum bullion coins have some unique merits. (providentmetals.com)
  • The first national platinum investment coin, the platinum Koalas can be found in sizes ranging from 1/20oz to 10 oz. (providentmetals.com)
  • Platinum coins have only been minted as investment bullion since 1988, when the Canadians and Australians released their first platinum coin series within three months of each other - to rave reviews. (providentmetals.com)
  • Due to its rarity, high demand and diversity, platinum bullion is an investment option that should not be overlooked. (providentmetals.com)
  • Gold Bullion Investment Is A Good Idea For Anyone Who Is Looking For An Investment Vehicle Which Will Solidify And Stabilise Their Portfolio! (bloggers.nl)
  • When considering the purchase of gold bullion, whether it be in the form of coins or investment bars, there is one factor you do want something really nice and rose gold provides that perfect balance. (bloggers.nl)
  • At first you will be attacked by a group of 13 or so about gold as an investment really should talk to expert merchants in the field of gold bullion in advance. (bloggers.nl)
  • Gold Bullion - A Fantastic Investment Opportunity Finding avenues in which to invest and which boast a good potential for a good confidence that you are in the right place, and begin to learn the steps I am going to tell you about. (bloggers.nl)
  • Although investment in "Collectibles" using IRAs and Qualified Plans is not allowed, there is a carve-out allowing for investment in certain coins, as well as bullion meeting certain fineness requirements. (wikipedia.org)
  • Due to its rarity and industrial usefulness, investment demand for palladium is high. (goldmoney.com)
  • A drop in investment interest in Western markets this year, shown by a fall in holdings of gold-backed exchange-traded funds, has placed increasing focus on the major centres of demand for physical bullion, China and India. (yahoo.com)
  • Gold as an investment Palladium as an investment Platinum as an investment Silver as an investment http://financialnewsroom.com/index.php/saving-tax-legally-bullion-and-coins-online-or-for-local-pickup/ FINLEX - Translations of Finnish acts and decrees: 1501/1993 English Zilvergoudwinkel FAQ: How about VAT? (wikipedia.org)
  • catalytic converters
  • More than half of the palladium mined each year is used in the production of catalytic converters for cars. (goldmoney.com)
  • More than half the supply of palladium and its congener platinum is used in catalytic converters, which convert as much as 90% of the harmful gases in automobile exhaust (hydrocarbons, carbon monoxide, and nitrogen dioxide) into less noxious substances (nitrogen, carbon dioxide and water vapor). (wikipedia.org)
  • physical
  • Gold rose for the first time in three days in London on Bangladesh's purchase of 10 metric tons of bullion from the International Monetary Fund and on speculation that the earlier declines will spur physical demand. (bloomberg.com)
  • wealth
  • Since palladium is a tangible asset without counterparty risk, buying palladium is also a good way to protect your wealth against financial turmoil, unlike intangible paper assets, which are at risk of losing their value completely. (goldmoney.com)
  • Eagle
  • Following a day of no reported bullion coin activity, the U.S. Mint on Thursday published sales increases of 3,000 for its American Gold Buffalo and 100,000 for its American Silver Eagle - the latter now with sales above 2 million for the month. (coinnews.net)
  • Some countries mint bullion and collector coins, however, such as the American Silver Eagle with nominal face values. (wikipedia.org)
  • market
  • The authorized purchasers, who offer a two-way market buying and selling the coins, then sell the bullion issues into the secondary market at a markup. (coinworld.com)
  • Bullion coins sell for a premium over the market price of the metal on the commodities exchanges. (wikipedia.org)
  • Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. (wikipedia.org)