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Monday, June 9, 2008

Goldline

This write up of about Goldline explains who Goldline are and what they deal in and is well worth reading before you decide to buy gold from their website, www.goldline.com.uk.

As always, it is a prudent move to do one’s own due diligence before buying gold from any gold dealer.

Who Are Goldline
Goldline is the trading name of Baird & Co Ltd. Baird & Co was established as a numismatic coin dealer in 1967. As government restrictions lifted in the 1970s, Baird & Co started buying and selling gold coins in volume and by 1975 was actively 'making a market', quoting, buying and selling for banks, stockbrokers, coin dealers, retail and wholesale as well as private clients and other volume traders in gold bullion and silver bullion coins. By 1977 Baird & Co was one of the leading UK trading houses and became, in their words, "the first private contributor to the Reuter Monitor System, giving price indications on a range of bullion coins to banks and dealing rooms world-wide for more than twenty one years on the page code BACO"

By 1979 the company had moved into precious metal refining and processing producing a range of carated alloys suitable for the jewellery industry as well as toll refining for clients which they still do today

With the advent of the internet Baird & Co went online in 1997 and their services then became available to an increased number of retail and wholesale as well as private investors. Baird & Co. launched their website www.Goldline.co.uk initially selling bullion coins and investment bars online and supplying private and industry clients with the daily London bullion fixing prices.

The main processing and manufacturing divisions of the business are located in a 20,000 sq.ft security premises in East London.

In September 2000 the company became a member of the London Bullion Market

Their Head Office is at 137 High Street London E15 2RB UK.

Goldline Customer Service
Goldline has traditionally serviced wholesale and retail clients but now accepts orders online for their products from anyone provided their fit the Goldline or Bair & Co criteria. Their service is professional and business like and having been established for over 40 years dealing with businesses and private investors are reliable to deal with.

Orders are placed through the shopping cart on the website and, of course, clients full details are required in order for goldline to process the order.

Buy Gold from Goldline
Vat (Value Added tax) is paid on silver coins but not gold and not in investment bars.

For UK Customers cheques and cash is accepted. No credit cards are accepted.

You have to allow 10 working days for cheques to clear before the gold bullion is dispatched.

Cash is accepted if sent by registered post to their address and the gold bullion or silver bullion will be dispatched on receipt.

All orders on Goldline are subject to Postage & Packing (fully insured) which will be invoiced with your order and the amount will depend on your purchase. All order requests for gold coins or investment bars are acknowledged and the stock status and payment method advised by return.

International Customers, payment must be paid in advance by sterling cheque drawn on a London bank or by sterling cash sent to them by registered mail.

All bullion is dispatched to you by registered mail or international carrier (FEDEX ..etc) at your risk so it may be, depending on the value, wise to organize some insurance.

All International order requests will be confirmed and Goldline will advise the correct shipping charges at that time.

Goldline Product Range
Goldline have a diverse range of bullion and collector coins from around the world as well as manufacturing their own investment bars of gold and silver.

Here is a list of the gold bullion on offer.
Australia Gold Nuggets
Austria Coronas
Belgium Francs
Canada Gold Maple Leafs
Chile Pesos (1967)
China Gold Pandas
France Francs Angel
France Francs Rooster
France Francs Nap III Type 1
France Francs Nap III Type 2
Germany Marks
Iran Pahlevi
Isle of Man GB Sovereigns and half sovereigns
Italy Lire
Mexico Pesos
Netherlands Guilders 1925 Type
Netherlands Guilders 1876 Type
Russia Roubles
South Africa Krugerrands
United Kingdom Various Sovereign & Half Sovereigns
United Kingdom Proof Sovereigns various
United Kingdom Britannia’s
USA Gold Eagles
Collector Coins

Investment Bars.9999 Fine Gold
Ten Tola Bar .999 Gold Bars
2.5 gram Gold Bars
5 gram Gold Bars
10 gram Gold Bars
20 gram Gold Bars
50 gram Gold Bars
100 gram Gold Bars
250 gram Gold Bars
500 gram Gold Bars
1000 gram Gold Bars
1/10 ounce Gold Bars
1/4 ounce Gold Bars
1/2 ounce Gold Bars
1 ounce Gold Bars

Investment Bars.9999 Fine Silver
100 gram Silver Bars
250 gram Silver Bars
500 gram Silver Bars

Investment Bars.995 Fine Platinum
Prices change daily depending on the spot silver and gold prices. Because they manufacture their own bars, the prices tend to have a lesser premium than some other gold dealers.

Goldline Investment
Baird & Co have been specializing in gold and silver investment products for over thirty years in the international markets as well as making a market in many of the more popular gold coins as well as stocking a wide range of the lesser known, including numismatic rarities.

According to their website, "Baird & Co. manufacture, in the company's minting division, a comprehensive range of gold bars with a purity of .9999 including 100g, 50g, 20g, 10g, 5g as well as 1oz, 1/2oz, 1 /4oz and 1/10oz suitable for private investors, trade buyers and retailers. These high quality coined bars compete directly in the investment market with national mints producing bullion coins of the same weight."

Baird & Co also market a ten tola gold bar, from Harmony Gold, one of the largest gold mines in South Africa. This investment bar, at 116.5 grams has a gold purity of .999.

All investment bars and coins are VAT free and are directly available for purchase through the Goldline website, where gold prices are up-dated twice daily, or alternatively through telephone contact with Baird & Co. dealers.

Sell Gold to Goldline
Baird & Co will repurchase any investment products including bars, coins etc.

Precious metals can be processed and returned to clients either as pure metal or in product form or can be sold to Baird & Co after processing.

Metallic scrap is melted in complex induction furnaces to ensure a homogeneous consistency before sampling and assaying. Individual customer melts of a kilo or two or industrial melts of 350-400 kilos can be accommodated in the melt shop.

The Miller process is used for gold refining. In this process, chlorine is blown through the melt converting base metals and silver to chlorides. The scrap gold is then upgraded to over 95% purity and subsequently chemically treated to produce fine gold of .9999 purity.

Silver is refined electrolytically however, to ensure full recovery of all other metals found in the scrap bullion. Treatment of spent electrolyte for re-use and the recycling of wash water completes the circle of a fully environmentally friendly process.

With a team of highly skilled production engineers working, a range of products available includes small gold bars, coin blanks, solder, strip, sheet, wire, tube, wedding ring blanks and stampings and uniform and consistent hardness, dimensional accuracy and flawless surface are given maximum priority.

Baird & Co can also provide tooling for clients own designs using the latest CAD/CAM design programs and CNC spark and wire erosion techniques.

Goldline Pooled Gold
Baird & Co also offer allocated and unallocated pool accounts.

Allocated Account
In an Allocated Metal Account the clients holding of specific numbered gold bars and or coins is stored in Baird & Co vaults or the vaults of other members of the London Bullion Market and held as the property of and in the name of the account holder.

Allocated bars can be withdrawn from storage for collection on 48 hours prior notice. All allocated gold is fully covered by insurance with Lloyds.

Opening an allocated account is subject to the satisfactory completion of the necessary due diligence.

This is part of the Know Your Customer Policy and evidence of identity in the form of a certified copy of your passport, driving licence or birth certificate, they also require two items as proof of address such as a recent bank statement, stockbroker or credit card statement, utility bills or Inland Revenue statement or Council Tax bill. The minimum account balance is GBP5000.00

Bair & Co charge a fee for allocated storage of GBP25 per kilo p.a (minimum charge GBP100 p.a) for kilobars or 100 gram bars, payable per quarter in advance and GBP300.00 per bar p.a for "large" bars (approx 12.5 kilos). Storage charges are subject to VAT.

Unallocated Account
With an unallocated account the client does not hold specific bars or coins but a share in a general holding. There are no storage or insurance costs whilst purchases of metal are held in an unallocated account and trading spreads are offered when buying or selling are considered the most favorable.

Gold and silver are the usual metals traded in this manner but in addition account trading facilities can be provided for Platinum and Palladium if required. Trades in unallocated metals on account are VAT free.

As with the allocated accounts, a Know Your Customer policy is in force and therefore suitable ID is required to open the account. This means evidence of identity in the form of a certified copy of your passport, driving licence or birth certificate, (or sight of the originals at their office). They also require two items as proof of address such as a recent bank statement, stockbroker or credit card statement, utility bills or Inland Revenue statement or Council Tax bill. The minimum account balance in an unallocated account is GBP5000.00

Goldline Gold Plan
Baird & Co also have a unique Gold Plan for people who wish to buy gold on a payment plan spread over four quarterly instalments

The pricing for purchases or sales takes place against the London Gold Fixing of your choice subject only to a small commission charge by Baird & Co.

You will get annual statements sent to you including requesting that the gold holding be converted to physical for shipment, held on account until further notice or sold on the next available fixing of your choice. This can be agreed by telephone if required

You can opt to take delivery of your gold holding in a physical form such as small bars or gold coins, for a small premium applicable to the product chosen, after all scheduled payments have been made.

After the payments are completed you can either:
1. Opt to keep the gold on account, and do nothing.
2. Double your gold holdings with no further cash deposit by making another purchase against the London fixing of your choice using your existing gold as the deposit and have the amount due spread over four quarterly payments as before.
3. Sell your gold on the next available fixing and receive immediate payment from Baird & Co.
4. Convert your gold to an allocated holding for collection or storage in Baird vault facilities.
Gold may be held on un-allocated account at Baird & Co indefinitely, without charge, until a suitable price is reached for a sale or further instructions are received.

The Last Word on Goldline
Rarely offered in the gold industry is a credit lines available to selected Baird & Co clients. Using the company’s associated business The Bullion Finance Co. Ltd. As Baird & Co puts it, “This, together with forward pricing for deferred delivery, advance payments on incoming material and full metal account facilities enables manufacturers using Baird precious metal products to hedge their risks, finance their stocks efficiently and receive the fairest return in the fastest time.”

If you have bought any gold coins or gold bullion from goldline.com.uk, please feel free to leave your feedback on the quality of service and products including any goldline.com.uk online complaints and special attention or service given by goldline.com.uk online.

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