$ USD£ GBP€ EUR
  • Metal
  • Ounce
  • Gram
  • Gold
  • $1763.59
  • $56.701
  • Silver
  • $24.34
  • $0.783
Spot Prices. Updated 08:59 07/08/21

Frequently Asked Questions

ACCOUNT REGISTRATION. Is it FREE to Register my Central Bullion User Account ?

YES. IT is completely FREE to register your Central Bullion User Account.

NOTE: You will need to add funds to your Account Wallet before you can make any transactions.

ACCOUNT REGISTRATION. Why do I have to register to use the Central Bullion Platform ?

Central Bullion Ltd has a legal obligation to comply with UK Government and EU regulations on Anti Money Laundering, Fraud and Terrorism.

It is the companies responsibility to carry out the necessary checks and validations by ensuring that we have adequate systems and procedures in place to safeguard against money laundering and to combat financial crimes.

It is for both our protection and yours that we only provide services to Registered Users who have completed the onboarding process.

ACCOUNT REGISTRATION. How long does registration take ?

The simple process to create a Central Bullion Registered User Account takes only 5 minutes.

You will be sent an email with a verification link that you need to click to verify your email address.

NOTE: Until you click the link on the email to verify your email address the registration process will be delayed.

ACCOUNT REGISTRATION. Is there a monthly membership Fee and minimum subscription period ?

NO. When you create a Central Bullion Registered User Account, you are not charged a monthly membership Fee and you are not tied to a 12 month contract. You can close your Account at any time, by sending us notice to close your Account.

You will be charged all outstanding Fees, including Vaulting Fees which are charged on 30 day vaulting periods.

Example: If we receive notice from you to close your Account on day 22 in the 30 day period, you will be charged for the 8 day balance of the 30 days vaulting fee period.

 

BULLION AS PAYMENTS & GIFTS. How do I send Pool Allocated Bullion to another person or business ?

You can easily send any amount of Gold or Silver Pool Allocated Bullion (as a Payment or Gift) from your Portfolio in the Send Pool Allocated Bullion panel of your Dashboard.

You can send Pool Allocated Bullion as a Payment or Gift to anyone with an email address in any Country around the World 24/7 and the recipient does not need a Central Bullion Registered User Account. (Of course, on receipt of the email they are required to create a Central Bullion Registered User Account to access and use their new Precious Metal holding).

The Recipient receives the Pool Allocated Bullion into their Central Bullion Account Portfolio in just a few seconds, compared to bank transfers which can take up to 48 hours and also faster than cryptocurrency . 

When Pool Allocated Bullion is sent as a Payment or Gift, it is a movement from the Senders Account to the Recipients Account. The Sender will see, in their personal Dashboard, their Pool Allocated Bullion holding decrease in their Portfolio. The Recipient will see, in their personal Dashboard, their Pool Allocated Bullion holding increase in their Portfolio.

BULLION AS PAYMENTS & GIFTS. How do I accept Central Bullion Payments for products/services that my business sells ?

It is very easy and simple to accept Central Bullion Payments if you have any kind of business.

There are some restricted product types and services that are not allowed, but in general you can accept payment for almost anything and of any value, from customers anywhere in the world.

You could be taking payment for Architects Fees of $600, a Swiss Watch for $6,000, or a Classic Car for $2.8M.

If you have a website then you can add the Central Bullion Payments logo alongside the other types of payment that you accept such as VISA, Mastercard, IMEX, Bitcoin, Apple Pay etc.

All that you need to do is to tell your customer how much you want in grams of Gold and/or Silver.

Your customer then sends the amount of Precious Metal Bullion in grams to your Central Bullion User Account.

Your customers Portfolio will reduce by the amount of grams agreed, and their Wallet will reduce by the $USD amount of admin fee. Your Portfolio will increase by the amount of grams agreed, and your Wallet will reduce by the $USD amount of the admin fee. 

No cross-border Bank currency transaction fees will be charged to the sender or recipient.

The sale agreement is exclusively between yourself and the buyer.

BULLION AS PAYMENTS & GIFTS. How can Sending Pool Allocated Bullion save on cross-border currency conversion costs ?

As a Central Bullion Registered User, your Account is safely backed by Physical Gold Bullion and Silver Bullion which allows you to escape the traditional banking system and associated high banking costs.

Instead of sending fiat currency, you are sending the value of your payment or gift in grams of Precious Metal and therefore avoid cross-border currency conversion costs.

When the person receiving the Pool Allocated Bullion can see it in their Portfolio, they can then Sell part or all of the Bullion at any time on the Peer-to-Peer Central Bullion Market or they can send Pool Allocated Bullion as a Payment or Gift to someone else, again avoiding high bank cross-border currency conversion costs.

CLOSING ACCOUNT. Can I close my Central Bullion Account at any time ?

YES. You can close your Central Bullion Registered User Account at any time in your Personal Dashboard.

There are no Account closing fees and you will not receive further correspondence from Central Bullion Ltd.

Note: You are liable and will be charged for any outstanding fees or penalties that you owe Central Bullion Ltd in accordance with the Terms and Conditions before your Central Bullion Account is closed.

EMAILS & NOTIFICATIONS. Why am I not receiving confirmation, notification or receipt emails ?

In the event that you have not been receiving our confirmation, notification or receipt emails in your email account inbox, you should try the folllowing:-

1. Check your junk/spam folders. This is the most common reason you haven’t received our emails.

2. Check your mail filters. Most email services provide some kind of email filtering options which may have redirected the emails elsewhere.

3. Check for third-party email filtering. If you are using a business, company or organisation email address, it is possible that there are services in use that are blocking or redirecting the emails. Check with your IT department who may need to whitelist @centralbullion.com.

4. If you are still not receiving the emails from us after you have tried all of the suggestions above, contact us and our developers will be happy to help.

FUNDS & TRANSACTIONS. Why are all prices displayed in $ USD, which is not my local currency ?

The Central Bullion Platform follows the internationally recognised benchmark GOLD and SILVER pricing methology of the LBMA (London Bullion Market Association) which is set in $ USD.

Prices shown in EUR, GBP and other Currencies are indicative and for settlement only.

The Central Bullion Platform has a Currency Conversion Calculator that uses the Mid Market rates, for you to easily compare your Local Currency against $ USD.

When you add funds to your Central Bullion User Account Wallet in your local currency, your balance will display in $ USD and all transactions are carried out and displayed in $ USD.

Withdrawals to your Bank account are converted from $ USD into you Local Currency so as to avoid high bank currency exchange costs.

FUNDS & TRANSACTIONS. Can I pay with a Credit or Debit Card ?

To make purchases on the Central Bullion Platform you use funds in your Central Bullion Account Wallet.

You can add funds to your Central Bullion Account Wallet by Bank Transfer and Credit/Debit Card.

We have a strict policies that enable us to comply with Aniti-money laundering regulations which means that you can only withdraw funds from your Central Bullion Account Wallet to your verified linked bank account specified in your Personal Dashboard.

FUNDS & TRANSACTIONS. What payment method can I use for transactions on the Central Bullion Platform ?

For security and a superior user experience you must first add funds to your own Central Bullion User Account Wallet.

Deposits of funds that you make in your local currency will display in $ USD in your Central Bullion Account Wallet, which is the Central Bullion Platform default currency for all transactions.

You make purchases of Bullion from Central Bullion Ltd and from other Registered Users on the Central Bullion Market using the funds in your Central Bullion Account Wallet.

This enables you to make quick reactive purchases and sales, which is the most cost effective method of transactions due to the constantly changing, intelligent dynamic pricing system that our website provides.

FUNDS & TRANSACTIONS. How do I add funds to my Central Bullion Account Wallet ?

To be able to Buy and Sell on the Central Bullion Platform, you need to set-up a Linked Bank Account in your Central Bullion Account Dashboard.

You can add funds to your Central Bullion Account Wallet via Transfer from your Linked Bank Account or Debit/Credit Card.

You will deposit your funds in your local currency and the balance in your wallet will display in $ USD which is the Central Bullion Platform default currency for all transactions.

To comply with Anti-Money laundering regulations Central Bullion Ltd will only remit the funds you withdraw to your approved Linked Bank Account, specified in your Central Bullion Account Dashboard.

FUNDS & TRANSACTIONS. What is the process to Withdraw funds from my Central Bullion Account Wallet ?

It is an easy process to withdraw funds from your Central Bullion Account Wallet into your own Bank Account.

Withdrawals to your Bank account are converted from $ USD (displayed in your Central Bullion Account Wallet) into you Local Currency so as to avoid high bank currency exchange costs.

To comply with Anti-Money laundering regulations Central Bullion Ltd will only remit the funds you withdraw to your approved Linked Bank Account specified in your Central Bullion Account Dashboard.

You only have to login to your Central Bullion User Account and in your Personal Dashboard you click the WALLET Tab then click the WITHDRAW FUNDS Button.

In the WITHDRAW FUNDS page you then Enter the amount that you would like to withdraw, Enter your Bank Details (as a security measure) and then Click the PROCEED Button.

Note: The Bank Details that you enter MUST match the details of your LINKED BANK ACCOUNT that you have verified and registered on the Central Bullion Platform.

INVESTMENT BULLION. Am I investing in 'real' physical Bullion on the Central Bullion Platform ?

YES. As a Central Bullion Registered User you have complete peace-of-mind knowing that when you buy Gold or Silver Investment Bullion from Central Bullion Ltd or from other Registered Users on the 'Peer-to-Peer' Central Bullion Market, you own 'real' physical Gold and Silver Investment Bullion.

The global OTC market for precious metals is dependent on the fungibility of bars that underpin the system. Only gold and silver bars that meet LBMA’s 'Good Delivery' standards are acceptable in the settlement of a loco London contract.

We purchase ALL Gold and Silver Bullion Bars, in ALL Sizes only from LBMA accredited Refiners which includes the large vaulted 'Good Delivery' Bars that make up our Pool Allocated Bullion stocks and all other smaller sizes of Bullion Bars for Delivery.

An important reason why investors use the Central Bullion Platform is that investors realize that Gold and Silver Investment Bullion can only be completely relied upon if it is a 'physical' asset (unlike owning ETF's and Unallocated Gold & Silver Bullion which are not guaranteed to be backed by 'physical' Gold and Silver).

INVESTMENT BULLION. What is the automated Regular Investment Plan ?

NOTE: This is a 'New' service coming very soon.

The Regular Investment Plan automates the regular purchase of Pool Allocated Investment Bullion to build your portfolio of Gold or Silver Investment Bullion.

In your Personal Dashboard, you 'turn-on' the Regular Investment Plan Auto-invest facility and then choose the amount that you would like to regularly deposit into your User Account.

You can select any amount to regularly deposit, from as little as $10 per month and build up your savings as as Pool Allocated Investment Bullion that you can sell at any time on the Peer-to-Peer Central Bullion Market.

You can increase, or reduce the amount of the regular deposits and 'turn-on' or 'turn-off' the Regular Investment Plan Auto-invest facility whenever you want to in your Dashboard.

Any available Regular Investment Plan funds in your User Account Wallet, (not including the min. $100 Wallet balance), will be automatically used to purchase Gold or Silver Pool Allocated Bullion on each normal working day (mon to fri), at 2:35pm GMT (UK time) at the current price of Pool Allocated Bullion on the Central Bullion Website.

Purchases are made up to the nearest 1 whole gram. The excess funds remain in your User Account Wallet.

INVESTMENT BULLION. What is Pool Allocated Bullion and why is it cheaper to buy than Bars delivered to me ?

In each High Security Vault, we set aside large individually numbered physical Gold and Silver Investment Bullion Bars into segregated 'Pools' and you can buy a few grams from the Pool, instead of having to buy whole Bars.

(For the Refiners to be profitable, the % (percentage) Premium they must charge is much higher for a small Bullion Bar than a large Bullion Bar).

We purchase the largest Bullion Bars for the lowest $/gram and pass that saving on to Registered Users who are able to buy Pool Allocated Bullion from us in as small as 1gram increments, at a substantially lower $/gram than buying Bullion Bars for Delivery.

In fact, as a Central Bullion Registered User, when you buy as little as 1 gram or more of Pool Allocated Bullion, you pay a similar very low $/gram as if you had spent $100,000s in a single purchase of a whole 12,500 grams Bullion Bar.

INVESTMENT BULLION. What is the quality and pureness of Bullion sold on the Central Bullion Platform ?

Central Bullion purchases and sells Gold and Silver Investment Bullion Bars of the highest fineness and purity, produced to exacting quality control standards and supplied directly to us from LMBA accredited Refiners in the UK, Europe and Switzerland.

Central Bullion Gold Investment Bullion Bars are of the highest % or 'part per 1000, hence the purest of form of GOLD at 999.9 (99.99%).

Central Bullion Silver Investment Bullion Bars are of the highest % or 'part per 1,000, hence the purest of form of SILVER at 999.0 (99.9%).

INVESTMENT BULLION. What is a Premium on Investment Bullion ?

When you buy Investment Bullion you pay a % (percentage) more than the Market Spot Prices which is called the Premium.

PREMIUM = The difference between how much you pay for your Investment Bullion and the amount of the Spot Price of that metal.

The lower the Premium, the better the deal you are getting on your Bullion purchase at that time.

INVESTMENT BULLION. Is the Bullion I buy and sell on the Central Bullion Platform ethically sourced ?

YES. Central Bullion ensures that all Gold and Silver that it purchases and supplies is responsibly sourced as we restrict our supply from ONLY London Bullion Market Association (LBMA) accredited Refiners. 

LBMA's Responsible Sourcing programme for precious metals protects the integrity of the global supply chain for the wholesale precious metals markets.

Vital to the credibility of the standards is the broad scope, which includes measures to combat money laundering, terrorist financing and human rights abuses globally.

Central Bullion adheres where practicable to the Global Precious Metals Code within the overall scope of our working practices and policies.

We are fully committed to ensure that there is no modern slavery or human trafficking in our metals and materials supply chains, outsourced services or in any part of our business operations and have taken steps to ensure that we comply with the United Kingdom Modern Slavery Act 2015.

INVESTMENT BULLION. Can I exchange my Gold Pool Allocated Bullion for Silver Pool Allocated Bullion ?

YES. You can easily Exchange any, or all of your Gold Pool Allocated Bullion for Silver Pool Allocated Bullion, or vice versa.

You can make an Exchange at any time in the Exchange Metal Type panel in your personal dashboard.

This is a is a convenient way of converting the value of Gold into Silver or the value of Silver into Gold at the prevailing market prices.

The exchange happens in real time and is immediately reflected in your Portfolio.

Note: The minimum amount that can be exchanged is 1g (gram) of Gold to the nearest whole 1g (gram) of Silver at the current Dollar value. 

INVESTMENT BULLION. Can I convert my Pool Allocated Bullion for Bullion Bars to be delivered to me ?

YES. You can request that all, or part, of your Pool Allocated Bullion is converted to Bullion Bars for Delivery to your own premises at any time.

The calculation made for the conversion will be based on the current price of Bullion Bars for Delivery on the Central Bullion Platform against the current price of Pool Allocated Bullion on the Central Bullion Platform at the time of conversion.

Note:  As the price per gram is different for Pool Allocated Bullion and Bullion Bars for Delivery, you will be using a larger quantity (grams) of your Pool Allocated Bullion to convert to the same monetary value of Bullion Bars for Delivery.

INVESTMENT BULLION. Do I legally own the Pool Allocated Bullion in my Portfolio ?

YES. You have full legal ownership and title of your physical Pool Allocated Bullion, so when you purchase Pool Allocated Bullion from us, the Bullion does not appear on the Balance sheets of Central Bullion or the Vault operators and instead remains as your personal property.

When you make a purchase, accepting the Central Bullion Terms and Conditions, you are engaging Central Bullion Ltd as a custodian of your Bullion and in turn Central Bullion Ltd subcontracts the physical custody of your Bullion to internationally respected and trusted, operators of High Security, Fully Insured and independently audited Vaults.

In the Central Bullion Ltd and Vault operator contractual agreements, the Vault operators acknowledge fully that that the Precious Metal Bullion held in their vaults on behalf of Central Bullion, shall at all times remain the property of Central Bullion Registered users.

(In comparison, if you buy Un-allocated Bullion then it remains the property of the Bank/Institution and you are simply an unsecured creditor as the Un-allocated Bullion is formally a deposit and is the property of the Bank/Institution and its liability to you as a depositor on their balance sheet. If the Bank/Institution fails then as the Un-allocated Bullion is not your property, a liquidator will not return it to you. Instead you would be one of many unsecured creditors who 'may' get a share of whatever the liquidators are able to raise by selling the assets of the Bank/Institution).

INVESTMENT BULLION. How do I know how much Pool Allocated Bullion I own and its value ?

In your Personal Dashboard you can see your Portfolio which shows you how many grams of Gold and Silver Pool Allocated Bullion that you own.

You can also see the value in currency of your Pool Allocated Bullion Holding in real time, as the intelligent platform software and dynamic pricing of the Central Bullion Platform changes inline with global market spot prices every 30 seconds.

INVESTMENT BULLION. What are Spot Prices ?

The Spot Price of Gold and Silver is the Live Price that can be transacted and delivered on 'right now' (On the Spot) as price per troy ounce of Gold or Silver.

The Spot Prices of Gold and Silver are used in determining the current price of unfabricated forms of Gold and Silver, before it is sold to be created as Bullion Bars or Struck as Coins.

Gold and Silver like most commodities are in a constant state of price discovery which occurs virtually around the clock as they are traded on Exchanges around the World in New York, London, Sydney, Hong Kong, Tokyo and Zurich.

Spot Price is an average net present value of the estimated Futures Price based on the traded futures contracts.

The fluctuating Spot Prices are an important benchmark for the Precious Metal Industry to set their Premium in order to sell at a profit and for Investors and Dealers to watch and make their selling and buying decisions.

Central Bullion Platform has a Live Spot Price Feed, which refreshes with updated prices every 30 seconds, to refer to when making a decision on Buying and Selling, Gold and Silver Bullion on the Central Bullion Platform.

INVESTMENT BULLION. Can I use my Pool Allocated Bullion as collateral ?

Central Bullion Ltd does not have any specific objections to you using Pool Allocated Bullion in your Central Bullion User Account Portfolio as collateral against any of your debts that you may have with companies, organisations or banks outside of your Central Bullion User Account and Terms and Conditions.

However, Central Bullion Ltd does not itself become involved in any way with any such arrangements to use your Pool Allocated Bullion as collateral and you must arrange and conclude such arrangement between yourself and the company, organisation or bank that requires a charge over your Pool Allocated Bullion.

INVESTMENT BULLION. What are Futures Prices and Fixed Prices ?

The futures prices of a Gold and Silver and most other commodities are contracts that designate a price for future delivery of the Gold or Silver as price per troy ounce of the Gold or Silver.

The trades are essentially educated guesses of where the Gold or Silver will be at a specific date in the future.

The futures price of commodity's such as Gold and Silver is based on its current 'Spot Price' plus the 'Cost of Carry' during the interim before delivery of the commodity. The 'Cost of Carry' refers to the storage costs of the commodity including: vaulting, insurance, interest and other incidental expenses.

The LBMA (London Bullion Market Association) sets the price twice each day in independently operated auctions that are administered by the ICE Benchmark Administration (IBA).

GOLD: For Gold there is a 1st price (known as the London Fix) which is set at 10:00 BST (UK time) in $US dollars. The Gold price is then adjusted at 15:00 BST (UK time) in $US dollars, based on the trading of Futures on COMEX (part of the New York Mercantile Exchange).

SILVER: The Silver price is set daily at 12:00 BST (UK time) in US dollars.

PEER-TO-PEER MARKET. What is the Peer-to-Peer Central Bullion Market and its advantages to me ?

The 'Peer-to-Peer' Central Bullion Market enables (Private and Business) Registered Users to trade (buy and sell) Pool Allocated Bullion with other Registered Users.

Buying and Selling directly with other Central Bullion Registered Users cuts-out the middleman (retailer, professional dealer) to the mutual financial advantage of both the yourself and the other Registered User, as a Buyer or Seller.

Sellers can post For Sale any amount of Gold or Silver Pool Allocated Bullion (from their Portfolio) onto the Central Bullion Market in 1 gram increments. Sellers can post several listings at the same time of different amounts in grams and at different prices per gram.

(ETFs are traded on major stock exchanges 8 hours a day, 5 days a week, hence during growing crises, which authorities tend to keep secret until late Friday evenings and the results of elections and referenda that come out overnight, ETF owners often miss out on the most important and advantageous times to trade).

In comparison the Peer-to-Peer Central Bullion Market is available 24/7, 365 days a year allows you to buy and sell at more advantageous times and creates competition between Central Bullion Registered Users resulting in genuinely competitive physical precious metal bullion prices.

PEER-TO-PEER MARKET. How do transactions work on the Peer-to-Peer Central Bullion Market ?

When you Buy on the Peer-to-Peer Central Bullion Market you select the Pool Allocated Bullion listing that you want to buy and then the payment is made from your Central Bullion Account Wallet.

When you Sell on the Peer-to-Peer Market your Central Bullion Wallet is credited with the funds that the Buyer has paid.

When Pool Allocated Bullion is Sold on the Peer-to-Peer Central Bullion Market, it is a movement from the Seller's Account to the Buyers's Account. The Seller will see, in their personal Dashboard, their Pool Allocated Bullion holding decrease. The Buyer will see, in their personal Dashboard, their Pool Allocated Bullion holding increase.

Sellers can post For Sale any amount of Gold or Silver Pool Allocated Bullion (from their Portfolio) onto the Central Bullion Market in 1 gram increments. Sellers can post several listings at the same time of different amounts in grams and at different prices per gram.

Buyers can only buy the full amount For Sale in a Sellers listing. The reason for this is that Sellers list bullion for sale at a price per gram that is economically viable for them based on the quantity that they are selling in a single sale.

PEER-TO-PEER MARKET. Am I competing with Trading Bots on the Peer-to-Peer Central Bullion Market ?

NO. Trading Bots (computer programs developed to automate buying and selling on markets) are not in use on the Peer-to-Peer Central Bullion Market.

The Peer-to-Peer Central Bullion Market was purposely created as a transparent and a fair place to Buy & Sell Gold and Silver Pool Allocated Bullion.

Its a well know fact that it is common practice for participants on other markets to not play fair and will look for and adopt any method of trading that will give them the advantage to profit at the expense of others, which includes building and using sophisticated Trading Bots.

To remove the unfair problem of Trading Bots, Registered Users cannot place Buy Orders on the Peer-to-Peer Central Bullion Market.

This removes the feasibility of using a Trading Bot to automate buying and selling and therefore Central Bullion Registered Users can be sure that they are playing on a 'fair' level playing field when using the Peer-to-Peer Central Bullion Market.

Note: It's worth noting that there are some online bullion markets using the 'questionable' unfair practice of using their own sophisticated Trading Bots on their own market, competing with the registered users using their platform.

REPORTING. Do I need to report my Investment Bullion holding ?

As a USA person you are required to file an FBAR (Report of Foreign Bank and Financial Accounts) when you have a Financial Interest in Financial Accounts located in another Country, or if you have Signature Authority on such Accounts and if the aggregate value exceeded $10,000 at any time during a calendar year.

In addition you are required to file an 8938 Form to comply with the FATCA (Foreign Account Tax Compliance Act) listing your “foreign financial assets” if the aggregate value is $50,000 along with your annual Tax return.

It is important that you consult with your personal tax advisor for more information about your liability for Taxes on profits and your compliance with USA Tax laws.

REPORTING. Does Central Bullion Ltd report my buying and selling activity ?

There is currently no reporting to any authorities of your buying and selling activity on the Central Bullion Platform including the Peer-to-Peer Central Bullion Market while your Bullion is stored in any of our dedicated Vaults.

However, Central Bullion Ltd does co-operate with any investigations by respective international governments into money laundering activity.

SAFEGUARDING. How are the Funds in my Wallet and Bullion in my Portfolio protected from hackers ?

The Central Bullion Platform has been built with Central Bullion User Accounts being protected by state-of-art encryption technologies.

When you create your Central Bullion User Account you have to upload documents, information and bank account details which are subject to a thorough verification process.

In the extremely unlikely event that a hacker was able to find or guess your password and account identification number and access your Central Bullion Account Dashboard, they would be unable to withdraw any funds from your Central Bullion Account Wallet as money can only be withdrawn back to your verfied linked bank account.

You are able to view your Wallet, Portfolio and movement of Bullion and funds at any time in your Personal Dashboard for peace of mind and for evidence that your Pool Allocated Bullion has been correctly assigned.

The Vault Operators do not accept requests directly from Central Bullion Registered Users, or anyone else other than Central Bullion Ltd. Therefore it is impossible for anyone other than Central Bullion Ltd to arrange collection/withdrawal of any Bullion from, or movement between, any of our dedicated Vaults.

SAFEGUARDING. How deep is Central Bullion liquidity ?

Central Bullion provides reliable, deep liquidity due to the 24/7 presence of a huge database of registered users who purchase Pool Allocated Bullion from Central Bullion and who buy and sell via The Central Bullion Market.

Although Registered Users can buy Pool Allocated Bullion from both Central Bullion or via The Central Bullion Market, the best price is usually offered on the Central Bullion Market by another Registered User.

However, as Registered Users choose their own selling prices and allowing for the rise and fall of Bullion Spot Prices, approx 30-40% of the time purchasing Pool Allocated Bullion from Central Bullion can be better for the Buyer.

SAFEGUARDING. Is Central Bullion Ltd FCA Registered ?

Central Bullion Ltd is not regulated by the FCA (Financial Conduct Authority) and instead is regulated by English property law.

Unlike the 'limited' Bank Deposit Protection schemes (such as FCA £85,000 max), your Pool Allocated Precious Metal Bullion investment is insured with no cap, to it's full value (e.g. $2M bullion is insured for $2M).

Following consultation with the FCA (Financial Conduct Authority) it is advised that Central Bullion Ltd's regulatory status is substantially different to the financial services industry and for the following reasons falls outside of the defined scope of the formal financial services regulations:

The services provided by Central Bullion Ltd on the Central Bullion Platform is a credit-free environment.

Central Bullion Ltd only provides services for the absolute ownership of physical precious metal bullion via the spot market.

Central Bullion Ltd does not deal in securities (paper based instruments).

Central Bullion Ltd does not provide paper based contractual rights for precious metal bullion that extend beyond the normal settlement period of the spot market.

TAXES & VAT UK. Do I pay VAT when buying Investment Bullion on the Central Bullion Platform ?

Currently, investment Gold, including bullion bars and coins that are purchased in the UK and EU, is exempt from VAT.
Since the 1st January 2000 investment Gold has been exempt from VAT, to fall in line with the EC Council Directive 98/80 EC, harmonising regulations between the UK and the rest of the EU.

Investment Silver is not currently exempt and is subject to 20% VAT, unless you purchase Pool Allocated Bullion where you do not have to pay VAT on your purchase.

However, when you request that we send you Bullion Bars for Delivery in place of all, or part, of your Pool Allocated Bullion, the price that you pay for the Bullion Bars for Delivery is subject to 20% VAT as its status changes from vaulted, to delivered Silver Bars, so UK users are charged 20% VAT.

All Central Bullion Service Charge Fees are subject to 20% VAT and charged to UK users.

TAXES & VAT UK. Do I have to pay Capital Gains Tax on Investment Bullion that I sell ?

Capital Gains Tax (CGT) is a Tax that you pay on profit when you sell, or give away, an asset that has increased in value since buying, acquiring it.

CGT is applicable to a wide range of assets including Shares, Bullion and Second Homes.

Individuals in the UK have a CGT allowance where any gains/profits realised in a single year will go towards the individuals own CGT allowance.

Profits that are below the individuals allowance limit are exempt from CGT and any gains over your allowance limit are subject to Tax in line with the appropriate HMRC rates.

Note: The United Kingdom CGT allowance for the 2019/20 financial year is £12,000, however, you should consult a financial advisor or HMRC for up to date information.

TAXES USA. Do I have to pay Taxes on Investment Bullion that I sell ?

When you Buy and Sell Investment Bullion and subsequently generate a profit, you may be liable to report and pay Taxes at either regular income rate or as Capital Gains.

Central Bullion does not supply Registered Users with 1099 Forms, however, the information that your need to determine if you have made a profit is available in the Statements Tab of your Personal Dashboard.

It is important that you consult with your personal tax advisor for more information about your liability for Taxes on profits and your compliance with USA Tax laws.

TROUBLE SHOOTING. When I am logged in and click the Account Link, I am immediately logged out. Why?

When you visit the Central Bullion Platform, you must always agree to use of cookies if you see the Cookies pop-up notice.

If you do not agree to use of cookies, or simply click the x to remove the Cookies pop-up notice, then when you login and try to access your Account Dashboard, the system will immediately log you out.

This is a Safeguarding feature to protect your Account.

VAULTING & INSURANCE. How do I know that my Pool Allocated Bullion in my Portfolio is safely Vaulted ?

You can see the amount of Pool Allocated Bullion that you own in the Portfolio in your Personal Dashboard in real time.

In addition vaulted Bullion Bar lists and evidence of independent third party auditers reports are provided by the Vault Operators to Central Bullion Ltd at the end of each week.

The lists supplied by the Vault Operators are reconciled with the Central Bullion records of the Pool Allocated Bullion owned by Registered Users (as shown in their Portfolios), which we then publish as an electronic list on the Central Bullion Platform at the end of the first working day of the following week.

e.g. the lists provided by the Vault Operators on Friday are reflected in the electronic list that is published on the Central Bullion Platform at the end of the following Monday (excluding public holidays).

This is evidence that we are holding, in total, at least enough Bullion to cover all Pool Allocated Bullion owned by all Central Bullion Registered Users.

VAULTING & INSURANCE. Which Vault Operators does Central Bullion Ltd use to store Pool Allocated Bullion ?

When you make a purchase, accepting the Central Bullion Terms and Conditions, you are engaging Central Bullion Ltd as a custodian of your Bullion and in turn Central Bullion Ltd subcontracts the physical custody of your Bullion to internationally respected and trusted, operators of High Security, Fully Insured and independently audited Vaults: Brinks Inc. and Loomis International.

Your Pool Allocated Bullion can be stored in several Countries and you can easily and quickly switch storage location of your Pool Allocated Investment Bullion to the jurisdiction, government and legislative structure that you trust to protect your property, at that time. In fact you can split and spread your Pool Allocated Bullion between the following locations.

  • London (United KIngdom)
  • Zurich & Geneva (Switzerland)
  • New York (USA)
  • Toronto (Canada)
  • Singapore

VAULTING & INSURANCE. Is my Pool Allocated Bullion fully Insured ?

YES.  The Vault Operators provide insurance to 100% of the value of the Pool Allocated Bullion held for Central Bullion Users in the segregated Pool Vaults and the Bullion that is held for Central Bullion Ltd.

The Vault Operators provides Central Bullion Ltd with documentary evidence of the current Insurance cover which is available for you to view when logged in to your Central Bullion Account.

Note: When you order Pool Allocated Bullion to be converted to Bullion Bars for Delivery to your premises, the courier takes over responsibility of insuring your Bullion Bars while in transit and it is your responsibility for the insurance of your Bullion Bars as soon as it is in your possession.