Understand your statement

Multi-currency

Unlike your bank account BullionVault provides you with a multi-instrument account. It contains maybe several currencies, and gold balances in several depots.

If you examine the bottom line in the illustration you will notice that the New balance of 2.500 is arrived at by adding the 0.250DR Amount to the New balance of two lines above - 2.750, which was the immediately preceding line denominated in [AUXLN].

Note also that your gold balances in different vaults are treated separately. A kilo of gold in London is not interchangeable with a kilo of gold in Zurich. Because they have different values they are kept apart in the statement. You only see a single aggregate gold balance if you stick to a single vault.

A simpler view - one thing at a time

You can turn off multi-currency statements to examine either one currency or one bullion vault at a time.

To do this set the Bullion or Currency filter to the at the top left of your statement screen.

Multiple executions

Although you may enter only one order it is often the case that it deals in small parts. We post each part to your account as it happens. You will see Deal references. These tally to the execution advices you receive via email.

Assets and Property

At the end of your statement the New balance of each instrument is carried forward. We are rigorous in pointing out the difference between your gold and money balances carried forward. Your gold balances are your property - not your assets. Meanwhile your money balances are assets not your property. We make this distinction because your assets are technically exposed to the insolvency of Lloyds TSB Bank.

Your property - i.e. your gold - is not exposed to anyone's insolvency.

References

The references on the left are not meaningful to you. They do - however - make our lives much easier if you query something. The 'T' reference is a transaction reference. The 'A' reference is an account reference.