Royal Mint Stopped Trading Bullion

[SupremeBullion]

Dos any know why the the royal mint have put out the following message  below: 

 We have temporarily stopped trading Bullion. If you are registered with The Royal Mint, you will receive an email when were back online.

[harrygill111]

I guess due to increasing prices on the base metal's, makes sense to use their metal stock on proof issues in the short term? And there are alot of proof issues this year! 

[LawrenceChard]

We have temporarily stopped trading Bullion. If you are registered with The Royal Mint, you will receive an email when were back online.

I don't know how long ago they suspended bullion trading. If it was yesterday, I could partly understand it, but the market is quieter, and much less volatile today.

This seems to mark the Royal Mint out as a "fair weather" dealer. It must be unsatisfactory for their customers to discover they can't buy or sell when they want to, particularly when markets are busy and volatile.

This is a clear indication that other UK bullion dealers operate a much more reliable market and service.

Also, where are the Apostrophe Police when you need them?

 

[SovereignBishop]

3 minutes ago, LawrenceChard said:

We have temporarily stopped trading Bullion. If you are registered with The Royal Mint, you will receive an email when were back online.

I don't know how long ago they suspended bullion trading. If it was yesterday, I could partly understand it, but the market is quieter, and much less volatile today.

This seems to mark the Royal Mint out as a "fair weather" dealer. It must be unsatisfactory for their customers to discover they can't buy or sell when they want to, particularly when markets are busy and volatile.

This is a clear indication that other UK bullion dealers operate a much more reliable market and service.

Also, where are the Apostrophe Police when you need them?

 

Lawrence this just adds to one of the many reasons I will not do business with the mint directly anymore. 

 

Are they afraid people will be selling all their gold at a profit only for the price to come back down again ? 

 

Shocking service from these clowns as usual!

[SilverApples]

I've just been signed in to my account and didn't see that message, there doesn't seem to be any restriction in place.

[UAL787]

If you have Digital Gold you can't sell it at the moment, its been down since yesterday morning when price of gold increased. I'm still unable to sell this morning even though its gone down.

Don't know if it affects physical bullion or just digital

[UAL787]

Bet when gold goes down to pre-invasion prices it will magically allow you to buy/sell again😋

[SilverApples]

well it is going so far as to offer me a price, and seems to be available now. Other than credit my account I haven't made any transactions though.

[SupremeBullion]

https://www.royalmint.com/invest/bullion/bullion-coins/platinum-coins/the-queens-beasts-2022-1oz-platinum-bullion-coin/

 

check out the link above which confirms the supsension. You can buy proofs but not bullion 

 

[LawrenceChard]

52 minutes ago, SupremeBullion said:

Dos any know why the the royal mint have put out the following message  below: 

 We have temporarily stopped trading Bullion. If you are registered with The Royal Mint, you will receive an email when were back online.

Because they are not up to the job!

I also just started a similar topic / thread:

With a few brief comments.

@ChardsCoinandBullionDealer continued to trade bullion normally, despite it being one of the most volatile days we can remember.

If investors want to deal with an experienced, professional, and reliable bullion dealer, they know where to look, I hope!

😎

 

[SilverApples]

...apologies, having now actually tried to make a transaction I'm seeing that message.

If you don't hold it...

[SilverApples]

is it just me who finds the lack of apostrophe the most appalling failure here?

[James32]

24 minutes ago, LawrenceChard said:

Because they are not up to the job!

I also just started a similar topic / thread:

With a few brief comments.

@ChardsCoinandBullionDealer continued to trade bullion normally, despite it being one of the most volatile days we can remember.

If investors want to deal with an experienced, professional, and reliable bullion dealer, they know where to look, I hope!

😎

 

Where?🙂

10 minutes ago, SilverApples said:

...apologies, having now actually tried to make a transaction I'm seeing that message.

If you don't hold it...

It won't tarnish 😂

[LawrenceChard]

11 minutes ago, James32 said:

Where?🙂

It won't tarnish 😂

https://www.thesilverforum.com/topic/58948-royal-mint-stopped-trading-bullion/

😎

 

[SupremeBullion]

it really makes ones question the merits of vaulting with them if you cant sell when prices rise / fall. Either way with what is going on in the world just now one has to keep and eye on such matters. thanks for your thoughts everyone. 

[LawrenceChard]

1 hour ago, SilverApples said:

is it just me who finds the lack of apostrophe the most appalling failure here?

Possibly, but really it is a minor point compared with the main failure.

[morezone]

Merged 2 threads.

[LawrenceChard]

4 minutes ago, morezone said:

Merged 2 threads.

Thank you!

🙂

[Edeline]

I've been trying to complete an order since yesterday afternoon.  The fact that they won't let me complete the purchase is bad enough, but what's worse, they won't even let me withdraw the money in my investment wallet so I can buy elsewhere.  I'm absolutely fuming!  

[CANV]

Lol,the royal mint attempt to enter the online trading market and as soon as it get lively they are out ..

if you want to punt gold online use a spread betting firm.  If you want to buy and sell your physical gold use one of the dealers on here or the buy/sell page with people with decent rep 

[westminstrel]

I tried checking out a proof coin and it is asking me to verify my KYC details. I’m not even purchasing bullion.

I suspect this pause in trading may have to do with the current situation in ways we aren’t exactly understanding.

[westminstrel]

Half the time it is also taking me to the “website under maintenance” page when I click the My Account link.

[Britannia47]

Jus tried my bullion account and found myself in that infamous  queue with 1600 people ahead, just to get on to the website, but did say I would be able to do transactions as normal!. I didn't wait. 

[westminstrel]

So apparently there is some “system maintenance” going on which is causing queues and some glitches.

[Bixley]

Could it be that the Russians are dumping large quantities of gold on the market? That would account for the drop in price and would explain the RM's withdrawal from the market until the price stabilises.