Brief History of Pixley & Abell as London Bullion Market Member

• 1852 Founded by Stewart Pixley, senior clerk in cashier's office at Bank of England in partnership with Henry Haggard (son of principal of Bullion Office) as Haggard & Pixley at 8 Copthall Court
• 1857 Moved to 27 Old Broad Street
• Partnership dissolved and soon after Stewart Pixley took in Henry Gilson Abell and Edward Langley to become Pixley, Abell & Langley
• 1869, July 1 Francis Barron Blake taken in to form Pixley, Abell, Langley & Blake
• 1872 Langley and Blake retired so firm becomes Pixley and Abell
• 1929, June move to Palmerston House
• 1957 (est) Johnson Matthey Bankers picked up the seat following the merger of Pixley & Abell with Pixley & Abell.
• 1984 - The Bank of England assumed control of the seat after Johnson Matthey Bankers collapsed.
• 1986 - Mase Westpac, the bullion banking and dealing subsidiary of Westpac Banking Corporation, bought the seat from the Bank of England.
• 1993 - Mase Westpac sold the seat to Republic-Mase Bank, a subsidiary of Republic National Bank of New York.
• 1999 - HSBC acquired the Republic National Bank of New York.
• 2000 - CSFB purchased the seat from HSBC in May 2000.
• 2001 - CSFB vacated the gold fixing seat in October 2001.
• 2002 - Société Générale purchased the seat from CSFB in July 2002.

Rothschild Gold Bars
We sell Rothschild gold bars, when we can get them. The withdrawal of Rothschild from the gold market has intensified interest from collectors of their bars.

Another Market Maker Leaves
Shortly after the Rothschild surprise, another market maker AIG also quit as a market maker.

London gold fix prices can be found on the site of the LBMA, the London Bullion Market Association.

Gold Price Future - Up or Down?

Update 4th June 2001