Bullion Vault Review

June 22, 2011 - by mosesbet · Filed Under Website Reviews Leave a Comment 

BullionVault Review

Buying or selling gold and other precious metals directly in the market involves a lot of effort and cost for individuals. However, many investors prefer to have some exposure to such metals because they have historically shown significant price improvement. The fact that the value of these metals cannot be fully eroded by economic factors makes these an essential component of a well balanced portfolio. Today, internet based bullion exchanges like BullionVault make it easy for investors to buy and sell bullion with ease.

BullionVault.com Video Overview:

Minimum Investment Size

Until such exchanges came into being, it was practically impossible for a small investor to have some of his total portfolio invested in precious metals. Prohibitively high minimum deal levels existed in the market allowing only players with immense finances here. Today, the scenario is very different. At BullionVault you can trade in as little as one gram of gold, which makes the precious metal well within reach of the smallest investor.

Pricing

The pricing at BullionVault is quite competitive and the commissions charged are quite reasonable as well. The dealing spread charged by this online exchange is about 0.4%, which is quite low when compared with other direct sources of precious metals. A maximum ceiling of 0.8% is set on all commissions charged on transactions carried out through BullionVault. Larger investments get the benefit of lower commissions.

All the gold held at BullionVault is in Good Delivery form, which means that the purity and integrity of the metal is guaranteed. If, in future, you wish to sell your holdings the buyer is in no doubt about the quality of metal. This helps you get the best prevailing prices on your sale. If it is silver you wish to purchase, BullionVault stocks sufficient quantities of this metal too. The silver held with this online exchange is guaranteed to be investment grade so that you get maximum value for your money.

Convenient and Safe Storage

A significant advantage of buying with BullionVault is that they also offer safe storage for your precious metal investments. This means that there is no need for you to make alternate arrangement for storing the gold/ silver. You can store your bullion at safe vaults in London, New York or Zurich according to your preference. Although storage charges do apply, these are quite affordable considering the complete safety and convenience that this storage facility offers. Typically, insurance and storage costs work out to about 0.12% per annum. The gold held by BullionVault customers in each of the three safe storage locations is audited daily. The results of this audit are reconciled against customer records to ensure perfect safety for your physical gold or silver.

Ease of Use

The website itself is quite easy to navigate and use so that buying, selling, checking your transaction status or verifying your purchases is remarkably easy. Live trading is possible and this allows savvy investors to make the most of fluctuations in prices of bullion around the world. Multi currency accounts are allowed onsite so that a truly global market is available for you to choose your buyer or seller from. Transactions are allowed 24/7 to give users a market for bullion that is open at all times.

Support

Onsite support is quite reliable with this online exchange and you can contact customer service through phone or email for quick and effective solutions to all your issues. A Live Chat feature on the site lets you clarify doubts quickly when you are midway through a transaction. Other than this, the site design incorporates a help button for every page that leads you to an assistance screen for that specific section of the site.

BullionVault has offered a safe and easy method of investing in precious metals for many satisfied buyers and sellers around the world since its inception in 2005. The online exchange has been the recipient of The Queens award for Enterprise in 2009. Countless positive reviews from buyers and sellers who have successfully used this online exchange testify to the credibility and reliability of this site.

 

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