WHY CHOOSE GOLDSTAR GLOBAL
In addition to providing access to the ABX’s range of services covering the entire process of precious metals trading, Goldstar Global’s CEO Andrew Maguire is a member of the Allocated Bullion Exchange, (ABX), Advisory Board and provides consultancy services to many of the largest global institutions.
WHAT IS THE ALLOCATED BULLION EXCHANGE, (ABX)?
The Allocated Bullion Exchange, (ABX) is the world’s first electronic institutional allocated physical precious metal bullion exchange. It brings price discovery, institutional trading, clearing, storage and delivery services in one online trading environment via its fully integrated trading platform MetalDesk.
IS ALL BULLION TRADED ON THE ABX ALLOCATED?
Yes, all bullion traded on the ABX is allocated. Owning allocated physical bullion means that legal title of your investment is in your own name, completely avoiding counter party risk and safe in any insolvency scenario. When purchasing through Goldstar Global, the bullion an investor purchases is allocated to them with a Holder Identification Number (HIN). This bullion can be stored in the ABX Vault Network or delivered to the client upon request. As legal title to the metal is held by the client, it does not appear on the balance sheet of either ABX or the vault provider.
WHAT IS METALDESK?
MetalDesk is ABX’s market-leading, web-based trading platform, specifically designed for the trading and inventory management of physical precious metals.
WHAT HAPPENS ONCE I PURCHASE BULLION THROUGH GOLDSTAR GLOBAL?
Once you purchase bullion through Goldstar Global, it will remain in the Secure Storage Area of a given ABX Vault and approved location until you make a request for it to be transferred, withdrawn or relocated.
WHAT SORT OF PRODUCTS CAN I TRADE THROUGH METALDESK?
Goldstar Global provides clients with the opportunity to trade physical gold, silver and platinum products. A detailed list of trading products can be in the “Markets” section of our website.
WHAT ORDER TYPES ARE AVAILABLE?
The order types available are Market Orders and Limit Orders.
HOW CAN I SELL BULLION ONCE I’VE WITHDRAWN IT FROM ABX?
Once you withdraw your bullion from the ABX Storage Network, you cannot sell it through the MetalDesk platform again. You will have to find an alternative, off market method to sell it.
I’VE PURCHASED SOME BULLION, WHEN WILL I RECEIVE TITLE FOR THE BULLION I’VE PURCHASED?
You receive legal title to the bullion you have purchased the moment the trade confirmation is generated on the MetalDesk.