Selling gold - in brief

Remember there are several ways to sell gold. This is one way.

The procedure

Step 1. more detail	Make sure you are logged in. Press ACCOUNT and then click the BALANCE sub-menu option.
Step 2. more detail	You will see your available gold balance in a gold line. Click on the 'Sell for...' drop down list, and click the currency you want to sell gold for. The order panel will be loaded assuming the sale of all of your available balance of gold in the vault you selected. In a market where other people are currently quoting prices the price and the approximate order value will be set for you at reasonable values. If these are not loaded there is no current price quoted by buyers, and you will need to decide your price, so skip to Step 5. No gold available? You cannot proceed yet. You can only sell gold you own. If you need to cancel previous orders to release their reserved gold go to HISTORY ORDERS , select an open sale order and from the order panel KILL ORDER . Then try this step again.
Step 3. more detail	Adjust your Price per kg and/or the Quantity (kg) as required.
Step 4. more detail	When you're happy with your order press the SELL/OFFER button, and CONFIRM , as for a normal order entry. Then look at the bottom of this page for what happens next.

In a market where there are no prices being bid the order panel will not choose a price for you. You must then choose, and a good way is to go to see the other market prices on the order board.

Step 5. more detail	To see other market prices click on the MARKET button, and click the ORDER BOARD sub-menu option. Your order panel will still contain your chosen vault and currency and now you will see other prices. Now choose your Price per kg and Quantity as required.
Step 6. more detail	When you're happy with your order press the SELL/OFFER button, and CONFIRM , as for a normal order entry.

What happens next ?

You will probably receive a response in the order panel saying either 'Your order has been matched' or 'Your order is now open'. Other messages are possible, but less likely.
A part matched order will tell you 'Your order is now open' and the order panel will show what percentage of your order has been matched.
We send you an email for each execution. There might be quite a lot of these, because if your order is large there may be lots of smaller orders matching with you. These emails are supposed to be a courtesy, but can be annoying if you get too many. We also send a single contract - again by email - when your order is completed or cancelled. You will only get one contract per order you place, and it will be for the whole amount you traded as a result of your order.
If your order is to be posted on the order board you may see any unexecuted part of your order come up as a new offer on the gold side of the order boards. Remember, as a seller you're advertising to buyers.
Also remember there are bots out there. It's quite possible that someone's computer is offering too, and when it sees you beating it on price it starts to compete with you to offer cheaper. Don't be too surprised if you're not the best offer for long.
As usual you can monitor the success of your order from the HISTORY ORDERS screens. Sometimes it's best to monitor what's happening on the ORDER BOARD itself, because you'll see if anyone is offering cheaper against you.
If you decide you want to push the sale through you'll need to withdraw your offer by killing it from the HISTORY ORDERS screen and replacing it with one at a lower price.