Gold metal
The Bank of England is perhaps best known for storing gold. The standard weight of a bar is around 12.5 kilos (27-28 pounds). The purity of a bar of gold is measured by its assay. An assay of 1000 means it is completely pure. To be in the vaults a bar has to have an assay of more than 995 (995 parts per 1000 gold). |
Similar financial terms
Golden crossIn technical analysis, what happens when the short moving average price of a stock (say, its 20-day moving average) cuts above a longer moving average (say, its 50-day average).
For chartists, this cross is a sign that the market mood has turned decidedly in favour of the stock, especially if up to that point two moving averages have been moving roughly in parallel.
Monetary gold
Gold held by governmental authorities as a financial asset.
Goldbrick Shares
A stock with only the surface appearance of quality and worth, that is in fact worth very little.
Golden hello
A bonus paid by a securities firm to attract an employee from a competing firm.
London Gold Market
Refers to the five dealers who set (fix) the gold price in London: Mocatta & Goldsmid, N. Rothschild & Sons, Johnson Matthey, Sharps Pixley, and Samuel Montagu & Co.
Precious Metals
Refer to Gold, Palladium, Platinum and Silver from a futures or bullion trading perspective.
Precious Metals Lease
A vehicle or technique used to finance precious metals inventories. It is related to the term structure of precious metals prices.
