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review of Goldmoney vs Bullionvault. Click the link to go direct to that review.
GoldMoney or BullionVault: Review of Services
If you do not wish to take personal delivery of your bullion, or perhaps you wish to diversify your bullion investments across a number of locations, GoldMoney and BullionVault offer a great solution. These companies allow you to buy bullion and, for a small monthly fee, they store it on your behalf at a secure, insured, specialist bullion market approved vault. You own the bullion directly and outright in an all important "allocated" account. They have the added advantage of allowing you to hold cash in a range of currencies.
GoldMoney - 6 months FREE metal storage for WhichWayGold readers. Click here!
Click here for 6 months FREE metal storage at GoldMoney >
Click here to read more detail about GoldMoney >
BullionVault - 1 FREE gram of gold or ounce of Silver for WhichWayGold readers. Click here!
 | - • Buy gold and silver bullion
- • Choice of vaults in New York, Zurich or London
- • Allocated account - metal owned directly by you
- • Fully insured
- • Trade gold and silver 24 hours a day
- • Registered ownership of bars possible
- • Hold cash in USD, GBP and EUR
- • Competitive and transparent pricing
- • 10-15 minutes to set up an account
- • "Burglar Alarm" alerts you if account is accessed
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- About BullionVault...
- • $700 million of customer holdings end Oct 09
- • Daily audit and publication of gold & silver bar list
- • Annual independent vault audits
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Click here for your FREE gram of gold or ounce of Silver at BullionVault >
Click here to read more detail about BullionVault >
GoldMoney or BullionVault?
Some readers wonder how to choose between GoldMoney or BullionVault. Part of your decision will depend on whether you wish to buy gold, silver or platinum since BullionVault offers only gold and silver while GoldMoney offers all three. I also tend to find the GoldMoney website easier to use and more intuitive. However, you may benefit from diversifying your holdings between both companies, perhaps buying some of your gold and silver through BullionVault and all three through Goldmoney.
This is the approach I have taken with my own holdings. I have spread bullion between both GoldMoney and BullionVault and, for the record, have received excellent service throughout. To minimise any political risk I have tended to favour their vaults in Zurich, Switzerland over those located in the UK or US.
If you are unsure which company to choose or are unsure whether you will want to buy bullion in the future it may still be worth signing up for them now since there are no charges to pay for simply having an active account. Then, if at some point there is a sudden rush into precious metals, you will be in the position to buy bullion instantly with an account which is ready to go, rather than waiting for the identity checks to be approved and for your deposited funds to clear.
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