BullionVault Review

Founded in 2005 by Paul Tustain, BullionVault is owned by Galmarley Ltd. It holds gold in vaults in London, Zurich and New York for its customers, and in June 2012 held around 30 tonnes of gold.

The company is registered in England, and is regulated under UK Company Law. Since it trades in bullion which can be beyond your scope of the Financial Services Authority (FSA), it is not regulated by it.

Who is BullionVault?

BullionVault is really a company registered in the United Kingdom, which specialises in buying physical gold and other metals online.

The style behind the business was that physical gold had traditionally been the preserve of the wealthy, due to the storage and insurance costs. Physical gold traditionally also had the negative of insufficient liquidity – meaning it is difficult to discover a buyer quickly.

Insurance firms an on line system where costs are shared, and a big pool of investors, BullionVault decreased the expenses linked to holding physical gold, and made obtaining a buyer and seller seamless.

Starting in 2003 with around $500,000 in seed funding, the business has grown to profitability and is becoming among the largest firms of its kind in the world, with 100,000 clients spread over 170 countries.

BullionVault started by allowing visitors to trade gold. It has expanded to incorporate silver, platinum and palladium.

My Experience with BullionVault

I make the most of BullionVault to store nearly all of my physical gold from my Growth Portfolios, having researched many way of storing physical gold over the years, BullionVault originated in top. I consider them to be the most effective, cheapest and safest solution to store my physical gold.

Purchasing physical gold through BullionVault is simply as easy as buying an ETF on the stock market. With physical gold however we're not subject to the electronic middle man, and with BullionVault , we own the gold directly after purchase, they just store it for us at an affordable cost (lowest I've found anywhere for physical bullion storage).

One of many things which shines about BullionVault is; they provide the capacity to actually take delivery of one's physical gold should you ever need it. I haven't used this service personally, but it's nice to comprehend it's available in the event you ever want your gold physically in your location.

Conclusion

BullionVault is an excellent, safe and transparent system if you intend to buy physical gold, silver and other metals. The larger question should be why you intend to buy physical gold and silver to begin with.

Most individuals are buying for a bad reasons, such as the mistaken belief that these metals perform well during economic recessions, depressions and inflation.

The only real sensible reason to possess gold is always to diversify your portfolio. This is described as a 5%-10% weighting at most.