Thinking of closing my bbp account

[Robda1986]

Just looked on bbp and saw this. How can they sell something they don't own or have in stock? 

[OriginalS]

I find the bullion by post website to be very confusing and sometimes a little bit misleading, they show the lowest price for categories and never have them in stock.

 

I've attached an example, they say 1g gold bars are in stock starting at £53.30 but the only 1g bars they have are the combi 50g bars that start at £2,571

[09webbad]

The website can seem misleading and it is often unclear, but I doubt they have any malpractice.

BBP outsource their storage with a company called Loomis. Loomis provides the stocks for the vault storage, and BBP holds the stocks for their shipments. So just because Loomis have these metals in stock doesn't mean BBP has it in stock, which is why you can't order for home delivery. They need it in their warehouse to ship for home delivery.

It can work the other way, BBP could have stock while Loomis doesn't, but I've personally never seen this happen.