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<p>[QUOTE=&quot;Juan Blanco, post: 1673793, member: 41665&quot;]<a href="http://www.guardian.co.uk/business/2013/mar/14/british-bullion-gold-investment-boom" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.guardian.co.uk/business/2013/mar/14/british-bullion-gold-investment-boom" rel="nofollow">http://www.guardian.co.uk/business/2013/mar/14/british-bullion-gold-investment-boom</a></p><p><br /></p><p><br /></p><p>1) PM bullion and RHODIUM storage:</p><p>&quot;<b>Barclays Bank </b>is also keen to cash in on the UK&#039;s new passion for gold – <b>it opened its first gold vault last September. </b>The secret facility, somewhere within the M25, is one of the largest in Europe and stores gold, silver and platinum, as well as palladium <b>and rhodium</b>&quot;</p><p><br /></p><p>September 2012 was only ~ six months ago. I knew that Deutche Bank has had a small Rhodium hoard since late 2011; this is the first mention I&#039;ve seen that <i>Barclay&#039;s </i>now has one, too (perhaps they only store Baird Mint&#039;s supply for ingot??) <i>Investment Rhodium</i> has arrived, folks. </p><p><br /></p><p><br /></p><p>2) BullionVault&#039;s &#039;storage&#039; business declined abit even as it became more popular. The average holding size IN GOLD OUNCES appears to have fallen.&nbsp; Maybe they&#039;re losing ground to other (foreign) bullion storage facilities? Gold pierced $1,000ozt March 14 2008. Five years later is March 14, 2013. </p><p><br /></p><p>Back of the envelope calc and adjusting for conflicting BV data on clients*</p><p>With Au at £1,070/ozt (3/13/2013: USD$ 1,586) Bullionvault held a total 1,037,383 ozt Au for 45,000 UK clients <b>(avg holding: ~23 ozt Au <i>per UK client </i>= £24,667) </b>; British clients were 50.63% of total BV holdings, 525,234 ozt. </p><p>With Au at £ 493/ozt (3/13/2008: USD$ 1,003) Bullionvault held a total ~114,000 ozt Au for ~2,925 UK clients <b>(avg holding: ~39 ozt Au <i>per UK client </i>= £19,214) </b>; British clients were ~42% of total BV holdings, ~273,874 ozt. </p><p><br /></p><p>* BV claimed 40,000 <i>total clients </i>in early 2008, but it appears they changed categories of &quot;clients&quot; &quot;active users&quot; etc. and they didn&#039;t initially break-out the UK storage segment. NOT SURE these figures are correct though![/QUOTE]</p><p><br /></p>

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