BullionVault is a popular online service that has become the world’s largest provider of gold and silver investment options. Founded in 2005 by Galmarley Limited, the company has grown to serve over 65,000 clients who own more than $2 billion in bullion assets.
What is BullionVault?
One of the main advantages of using BullionVault is that it is a full member of the London Bullion Market Association, which provides a high level of reassurance to investors. Additionally, the company has won two Queen’s Awards for Enterprise Innovation, which further highlights its credibility in the industry.
When you buy gold through BullionVault, you are purchasing physical bars or bullion that are stored in professional and highly secure vaults in London, Zurich, Toronto, New York, Toronto, or Singapore. This ensures that your investment is protected and gives you peace of mind knowing that your assets are in safe hands.
One of the most significant benefits of using BullionVault is the low prices for buying and storing gold and silver. The company’s objective is to be the cheapest, safest, and most accessible worldwide market in privately owned bullion. This means that you can access professional bullion markets, trade gold, pay reduced commission rates, and profit from the market’s fluctuations.
Is It a Scam?
Many people wonder whether BullionVault is a scam or a safe haven for their money. The good news is that the vast majority of customers are pleased with the service, and Trustpilot shows an astonishing number of people giving a 5-star rating. This provides ample evidence that the company is legitimate and offers a safe investment opportunity for individuals who want to invest in precious metals.
Why to Buy Gold?
Gold is considered an essential asset of a diversified portfolio, as it typically increases in value when other investments, such as stocks, mutual funds, and bonds, decrease in value. Gold has maintained its value historically and is seen as insurance against times of economic and geopolitical uncertainty. For example, when inflation rises and our purchasing power decreases, gold prices usually go up. Therefore, it is seen by many people as a way to preserve their wealth for future generations.
While it’s important to understand that the price of gold can also drop due to many events, including changes in supply and demand, political instability, and changes in global economic conditions, investors who focus on the long-term can see that the price of gold has risen fourfold during the last 20 years.
Discover How BullionVault Works
BullionVault provides an excellent user experience with its well-designed and user-friendly website. To start trading, you need to create a free account, which is a simple process requiring only your name, username, email, and password. The best part is that you get a free sample of silver (0.004kg) and currency ($1, £1, €1) with your account, so you can try buying or selling silver without any risk. Click here to create your free account and start trading today!
After signing up, you need to deposit funds into your account before buying bullion. You also need to verify your account by providing identity proof and bank details within two weeks. BullionVault doesn’t require a minimum deposit for bank transfers, and they won’t charge any fees until you make your first purchase. You can even set up a monthly payment from your bank account to purchase gold at the Daily London price automatically.
You have the flexibility to sell your bullion anytime and withdraw cash to your bank account using the daily London price or Live Order Board, where you can purchase bullion from other customers and set your selling price. With email alerts, you can get notified when the spot price reaches your desired price, making it easier to sell your gold for a profit.
Although storing your metals in the vault is the safest option, you can withdraw the bars for a fee. The withdrawal cost varies depending on the metal, location, bar weight, and payment method.
How Much Will it Cost You?
BullionVault guarantees the best price for buying Gold and Silver, as the platform connects buyers and sellers from around the world and allows them to quote prices to each other. With price competition, everyone, including BullionVault, has to quote highly competitive prices. You only pay a single trading commission of 0.5% plus a currency-switching fee of 0.3% if you place the order in British Pounds, Euros, or Japanese Yen. If you buy more than $75,000 worth of bullion, your trading commission drops depending on how much you trade in a year.
There is also an annual management fee (custody charge) of 0.12% for gold and 0.48% for silver and platinum. The storage price is the cheapest in the world, with ETFs charging 0.4% and banks ten times more than BullionVault. However, you need to pay a minimum storage fee of $4/mo for gold and $8/mo for silver, making small investments uneconomical. It is recommended to buy at least $4,000 in Gold to take advantage of the low storage price, as you will pay only $4/mo, which is 0.12% per year in custody charge.
Standard and Security
BullionVault ensures the safety and security of your bullion by storing it in some of the world’s most trusted vaults and insuring it against damage or loss. The bullion gold bars are at least 99.5% pure, with only pure gold being allocated to your BullionVault inventory records. To protect against domestic exchange controls during a crisis, it is recommended that you store your bullion overseas.
Start trading on BullionVault today and enjoy the benefits of low storage fees, competitive prices, and easy trading.
Conclusion
BullionVault is a legitimate and safe option for those who want to invest in gold and silver. The company provides a range of benefits, including low prices for buying and storing bullion, access to professional bullion markets, and the ability to profit from the market’s fluctuations. Furthermore, gold is an essential asset of a diversified portfolio, as it provides insurance against times of economic and geopolitical uncertainty and has maintained its value historically.