A Review of the BullionVault Investment Platform
- BullionVault is a gold trading platform that allows users to trade gold, silver and other precious metals.
- The site operates as a peer-to-peer network that allows users to buy, sell and store physical precious metals without an intermediary.
- When trading physical precious metals, such as gold, silver, platinum, and palladium, there are a number of factors to consider.
BullionVault is a gold trading platform that allows users to trade gold, silver and other precious metals. The site operates as a peer-to-peer network that allows users to buy, sell and store physical precious metals without an intermediary.
BullionVault's platform allows users around the world to buy and sell physical precious metals, including gold, silver, platinum, and palladium. BullionVault also lets users store precious metals in secure vaults around the world.
BullionVault Investment Platform: An Overview
BullionVault is the world's leading online precious metal investment platform. Founded in 1999, BullionVault is one of only two brokerages to hold the prestigious LBMA Good Delivery status. The company's platform includes automatic storage, insured custody, online gold trading, and an online community.
BullionVault Transaction Fees
Buying and selling precious metals on BullionVault is free. There are no dealer fees or commission fees.
Depositing cash into BullionVault's secure account is free.
Withdrawals are processed via wire, which incur a $25 fee.
BullionVault's storage fees are charged at 1% of the value of precious metals stored with them.
BullionVault has daily withdrawal limits. Withdrawals over $1,000,000 are subject to audit, and may incur additional verification and verification fees.
Funding Your BullionVault Account
Once you have completed your BullionVault account setup, you will fund your account with cash. The BullionVault website has three currencies to choose from:
U.S. dollars - BullionVault's preferred currency
Euro - BullionVault's second most popular currency
British pounds - BullionVault's third most popular currency
You fund your current BullionVault account with one of these three currencies. Once you fund your account, you can immediately begin buying precious metals.
'Buy Now' Account
BullionVault offers the option of opening a "Buy Now" account with zero account minimums. BullionVault offers immediate delivery.
Cold Storage Account
For investors seeking physical gold bars or coins, BullionVault offers its cold-storage service. Users can store gold in a secure vault in Zurich, Singapore, or London. Storage fees start at 0.12% per year.
'Pegged' Bank Account
The BullionVault investment platform works through a 'pegged' bank account, which allows the platform to hold client funds in a bank account and issue digital certificates against those funds. This account creates a 'paper trail' and is insured by Lloyds of London. The client can transfer funds to the BullionVault account through an online bank transfer or, in the case of a client with an EU bank account, a SEPA transfer. BullionVault also has accounts with major banks in other regions around the world, such as Australia.
Clients can use their BullionVault account to buy or sell precious metals, such as gold and silver, which are stored in a secure vault located in London. BullionVault clients can also buy (or sell) shares in ETFs, or exchange-traded funds, which track precious metals prices. Clients can also trade commodities such as oil, silver, and natural gas as well as currencies such as Euros, U.S. Dollars, and Swiss Francs.
'Barter' Account
BullionVault's 'Barter' account lets account holders hold physical gold, silver, platinum, and palladium bars. Customers trade their bars for currencies and precious metals, and can also perform trades with other customers. BullionVault's customers include both private individuals and institutions.
BullionVault charges a storage fee of 0.3% annually on the value of the metal that is vaulted. If the account is inactive for more than a month, BullionVault charges a 0.5% fee.
Margin Account
BullionVault also offers a 'Margin Account' that allows users to trade precious metals without holding them in physical storage. Users deposit funds using margin loans and can use those funds to purchase precious metals. The Margin Account offers margin rates between 1% and 5%.
'Barter' Account Fees
BullionVault's 'trade-only' account, which allows users to make risk-free trades for 1% of the value of the transaction, and deposit gold and silver bullion for safekeeping, costs $1,000 per year. The 'trade/store' account, which allows users to make 100 risk-free trades per year, keep fractional gold and silver bullion in storage, and carry out buy/sell orders, costs $10,000 per year.
BullionVault Currencies
BullionVault's precious metals investment platform offers users the opportunity to trade a variety of precious metals, including gold, silver, platinum, and palladium. The investment platform, which is web-based, operates without an exchange or broker, meaning there is no commission or markup on trades. Instead, BullionVault's platform uses a system of peer-to-peer transactions.
The investment platform is free to join, and potential investors must only pay for the bullion that they purchase. BullionVault charges a $3.50 transaction fee per transaction.
Expanding Your Portfolio with BullionVault
BullionVault was founded in 1996 by Adrian Douglas, Steve Hanke, and Philip Hayes-each of whom has an impressive resume of experience in the bullion industry. The site is the first and largest online bullion dealer in the world, which enables them to offer the lowest spreads on the market. On average, BullionVault customers can purchase gold at $6.10 per ounce and silver at $0.31 per ounce less than other sites. BullionVault services more than 200,000 customers from over 150 countries.
BullionVault offers a variety of precious metals including gold, silver, platinum, and palladium, as well as a number of coins like American Gold Eagles and Canadian Maple Leafs. Customers are allowed to purchase these metals and coins in a variety of forms including bars, coins, and rounds. The metals are conveniently stored in your digital vault, which is accessible at any time 24/7.
Referral Program
BullionVault gives users the opportunity to earn a recurring commission of 0.5% on each customer referral, provided they open an account with a minimum of $10,000.
For a referral to open an account, the referrer must provide the prospective customer with a referral code. The referrer can receive referral fees either monthly or annually.