BullionVault ReviewPrecious Metals Available: Gold, Silver BullionVault is where investors come to buy gold and silver for storage in a professional bullion vault. The process is secure yet straightforward, and prices are competitive. All BullionVault users own guaranteed professional grade gold and silver bullion, in standard gold or silver bar form. It is stored by Via Mat in a professionally recognised bullion storage facility in Switzerland, the UK or the USA. Users are able to buy and sell gold and silver directly with other BullionVault users, via BullionVault's order board. The gold and silver does not move. Only the ownership changes. Anyone can participate. Private individuals can use the service to buy, own, store, and later sell, professional grade bullion – all at compelling prices usually available only in the professional bullion markets. Click here for 1 FREE gram of Gold or ounce of Silver at BullionVault > You own your bullion outright. Your gold and silver is not held as a liability in an ‘account’ and there is no intermediating trust. The gold and silver you buy is your personal tangible property, stored economically in one of the safest places on Earth. Choice of Bullion Vault LocationsBullionVault has vaults in three locations: London, New York or Zurich. These are specialist bullion market approved vaults operated by Via Mat, a leading provider of precious metal vault services and secure transportation around the world. You choose the location you want to own gold in. At present silver is only available for purchase in the London vault. There is no settlement or delivery risk. You buy gold which is already in your chosen vault, using money which you have already paid in. Settlement occurs instantaneously at the point of trade. How Your Gold & Silver is Stored & ProtectedNo BullionVault staff have physical access to your gold or silver. It is permanently stored in a segregated, named BullionVault (Clients) compartment in a vault run by Via Mat. Via Mat’s daily statement is reconciled to BullionVault customer holdings every evening and the reconciliation is immediately published on the BullionVault site. You can at any time view it to prove that your personal holding is securely stored in your chosen vault. Your bullion is insured and the cost is included in your custody charge. Your account has its own Burglar Alarm which sends text messages to your cellphone when there is any account access. In ordinary circumstances your money can only exit to your original funding bank account. This is a failsafe characteristic which provides you with considerably greater security than is possible from your bank. You wouldn't expect BullionVault to be able to make payments on your behalf to millions of different places in the commercial world. So they disconnect them - all of them except the link your own bank account. Guaranteed Gold & Silver Bar QualityThe gold and silver you buy on BullionVault is of permanently guaranteed quality because it has always stayed within the recognised storage facilities of the bullion market. It was originally assayed at a recognised bullion market refiner and at the established standard of purity for bullion (>99.5% for gold, 99.9% for silver). It was acquired from and delivered by formally recognised bullion market participants, and it stays in a formally recognised bullion vault. Because of strict adherence to market procedures for handling bullion the gold and silver bars retain their status as ‘Good Delivery’. This means that professional market buyers, who pay the best prices, will accept them, which they will not ordinarily do for bars with a private custody history. So although owned by private customers BullionVault bars retain their full resale value, and this simple solution eliminates one of the significant costs of private gold and silver ownership. Use Your Preferred CurrencyBullionVault operates a multi-currency system. You can simultaneously maintain balances in US Dollars, Euros and Pounds Sterling, and you can seek opportunities to trade gold and silver using whichever currency is most advantageous to you at the time. The BullionVault Public Order BoardBullionVault buys bars direct from the professional bullion markets. Once they receive confirmation from Via Mat that gold and silver bars are in the vault BullionVault multiply the assayed gross bar weight by its measured purity, and add the resulting pure gold and silver weight to their inventory. BullionVault then distribute outright ownership of the gold and silver to customers - by quoting live trading prices on our public order board. Benefits of the BullionVault Order BoardThe order board is directly accessible to you and all other customers, as well as BullionVault itself. It is here that you bid for and offer gold adn silver in open and fair competition. This is enormously powerful for you: • If other customers are ready to sell, at a price a bit cheaper for you than BullionVault’s own price then you’ll What Does BullionVault Charge?You pay low charges – which include insurance – and you do not pay extra for fabrication and delivery. There are two charges for using the service - a deal commission and a custody charge. You pay a commission on a reducing sliding scale, which starts at 0.8% and falls to 0.02%. On a $10,000 trade that’s from $80 for a one-off trade down to just $2 for a regular trader. The more you trade the less you pay, and the system remembers how much you have traded in each year – starting from the day you first register. For both sales and purchases the rates diminish on the following scale:
There is no minimum commission charge. If you choose to buy your gold a single gram at a time you can. At the 0.02% rate you’ll be paying a 1 cent commission on trades up to $50 (about 3 grams). The gold custody charge is calculated at a rate of 0.12% per annum. It is charged at the rate of 0.01% per month and subject to a $4 per month minimum. So your $40,000 holding of gold costs just $48 a year in custody charges – and this includes the cost of insurance. 0.12% is only slightly more than the wholesale storage rate and substantially below most comparable bullion storage services. After 8 years at this rate you will still have paid less than 1% overall. The silver custody charge is 0.48% per year on silver, billed monthly and subject to monthly minimum of $8. About BullionVaultBullionVault is owned and operated by Galmarley Ltd, a company registered in Great Britain (No. 4943684). You can see a list of their shareholders at Companies House on: www.companieshouse.gov.uk. Their offices are based in West London and their services are delivered by their own computer machinery hosted in separate locations in Britain and USA, which they connect to and manage from their London offices. Galmarley is involved exclusively in gold and silver and related information technology. It owns www.BullionVault.com and also www.galmarley.com. The Galmarley site is a free educational resource for researchers seeking information on gold and silver’s monetary history, its modern role, and how it is traded around the world. Click here for 1 FREE gram of Gold or ounce of Silver at BullionVault > Read the Disclaimer & Privacy Policy here. |
BullionVault News & Commentary
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Three Important Updates from WhichWayHome
BullionVault now sells silver; GoldMoney now offers vault in Hong Kong; Update to stock market outlook17 March 2010 | Learn More | Add to Favourites
BullionVault Review - Buy Gold & Silver Bullion Online
Secure online purchase and storage of gold and silver bullion bars. Buy and sell gold and silver at live bullion prices29 November 2009 | Learn More | Add to Favourites
BullionVault: The Gold Buyer's Checklist
Looking to buy gold today? Here's a nine-point check-list for secure gold investment.27 November 2009 | Learn More | Add to Favourites
BullionVault: The Fed's anti-deflation policy sets the pace for money debasement worldwide
Bernanke says US plunged into deflationary depression23 March 2009 | Learn More | Add to Favourites
BullionVault: Gold, rumours and printing money
"Germany in 1944 could buy materials during the war only with gold. Fiat money in extremis is accepted by nobody..."18 March 2009 | Learn More | Add to Favourites
BullionVault: Gold forming double top chart pattern?
BullionVault: The Gold Price failed to breach and hold $1,000 an ounce, the March 08 "big top" for Dollar investors28 February 2009 | Learn More | Add to Favourites
BullionVault: After 7 years paying no-brainer gains vs. the Dollar, gold and the Euro have split...
A downgrade of the United States may be ahead20 February 2009 | Learn More | Add to Favourites
BullionVault: Gold, Inflation & Deflation
BullionVault: In the long run, stocks have thrashed gold as great long-term hedges against inflation18 February 2009 | Learn More | Add to Favourites
BullionVault: What's the point of gold?
BullionVault: As gold's current price action suggests – what else will you hold as cash and other investments tumble13 February 2009 | Learn More | Add to Favourites
BullionVault: Currency Crisis: First the Pound, Now the Euro?
BullionVault: Gold making new highs against a variety of currencies, acting as a safe haven and a store of value05 February 2009 | Learn More | Add to Favourites
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