BullionVault is a platform that allows you to buy and sell precious metals (gold, silver, platinum or palladium) like a stock.
you set your highest buying rates of exchange, the quantity you wish to buy, and the expiration date of your instruction.
you set your lowest selling rates of exchange, the quantity you wish to sell (minimal order quantity: 1 gramme), and the expiration date of your instruction.
As you see, it is very easy to buy or to sell bullion on bullionvault. However, it is important to understand that you are buying or selling physical gold or silver, and not an exchange-traded fund (ETF) which replicate gold or silver prices.
That being said, and it is one of the most interesting feature of Bullionvault, you don't have to worry about storage. Indeed, Bullionvault stores your precious metal on your behalf.
BullionVault allows you to buy from different places, each one has its own vault (mainly London, Zurich, New York...) and with the main currencies (USD, EUR, GBP...).
Gold and silver are the only kind of paper currencies whose value hasn't been destroyed for 5 000 years. The financial and economical crisis we are experiencing is reflected in inflationary monetary policy, by printed vast amounts of money, which turns out to jeopardize Euro or Dollar. Investing in gold or silver helps you to protect your assets on the long run against severe hyperinflation. These are tangible assets, like real estate, forests or companies, for which we have, thankfully, a very liquid market.
BullionVault is a very secure place to buy or sell your gold or silver. Indeed, first of all they are audited on a regular basis. Moreover their vaults are much more secure than other bank vaults. There is no risk of burglaries, robberies, fire, or other bad events.
Two different types of fees should be distinguished :
0.5% maximum falling to a minimum of 0.05% depending on the amount of gold, silver, platinum or palladium bought or sold in the year. Discounts start at $75,000.
0.12% per year on gold, billed monthly and subject to monthly minimum of $4
0.48% per year on silver, billed monthly and subject to monthly minimum of $8
0.48% per year on platinum, billed monthly and subject to monthly minimum of $8
0.48% per year on palladium, billed monthly and subject to monthly minimum of $8
On TRUSTPILOT customers gave to Bullion Vault the TrustScore of out of 5 based on reviews.
Thanks to the referring link on this page, you will get:
1/8 oz (4g) of silver bullion.
€1 and $1 and £1. However if you register from Japan you will get ¥100 instead of the £1.
You may use them and immediately sell and buy silver on the BullionVault order board. If you use the order board skilfully you can accumulate a growing balance.
All the vaults and all the currencies will be available. You'll be trading live and just like any normal BullionVault account, only smaller and without risk.
It's very easy! When you sign up for a BullionVault account, you will asked, in the drop down menu: How did you first find BullionVault ? Select: "Referred by" and type GOLDFOREVER. Alternatively, you can also click on one of these links on this page and proceed to the registration. I remain at your entire disposal for any clarification or further informations.