Looking for a way to invest in gold and silver? Bullion By Post is the perfect solution! They offer a wide range of products, including coins, bars, and even jewelry. All of the products are 100% authentic and backed by a money-back guarantee. If you’re looking for an easy way to invest in precious metals, Bullion By Post is the right choice for you!
Is Bullion By Post a Scam? – Some Things for you to Consider
What is Bullion By Post?
The UK’s biggest online precious metals vendor is Bullion by Post. They provide free, fully-insured next-day delivery to clients in the United Kingdom. Furthermore, they have a customer support phone line that is open 24 hours a day, seven days a week.
The company’s website is updated on a regular basis with new information about the costs of gold, silver, and platinum. You may view prices in US dollars, euros, and British pounds. Furthermore, charts are available to show how the price has changed in different currencies.
Because you may trade in various currencies, the market is popular among users who wish to profit from fluctuating currency values. For example, if the American dollar falls substantially, you might acquire gold using British pounds. Then, when the dollar rises again, you may sell the gold for dollars and make a profit.
The company’s website will show you the most up-to-date rates for coins and bullion, based on the current market retail price. Gold and silver bars and coins are available. There’s also a precious metal investment calculator where you can input your budget and desired precious metal. The business will advise you on the best mix of purchases to achieve your financial goals.
Background Information on Bullion by Post
The company was founded in 2009 by Rob Halliday-Stein. The business expanded gradually during the next few years, with sales totaling more than 87 million pounds each year by 2013. They made a two million pound profit because they sold metals at a low markup.
Jewellery Quarter Bullion Limited is a bigger trading business that owns PostGold by Post. As of 2016, this is the biggest gold seller on the internet in the United Kingdom. The firm was able to make 5.6 million pounds in a single day at one point.
This big surge in market activity, according to the company’s founder, was caused by Donald Trump’s presidential campaign. His candidacy had jumbled the world’s financial system and sparked a lot of economic uncertainty both in the United States and across Europe.
By the end of 2016, demand for gold was growing at a breakneck speed, and the business began to produce more than 10 million pounds each day. The higher the amounts of gold that individuals bought, the greater gold prices.
Since then, the firm has remained resilient during several economic downturns. When the global economy is experiencing strain, precious metals typically appreciate in value. The dealership has done exceptionally well for itself, owing to the fact that the economy has been so turbulent recently.
Are Precious Metals IRAs Offered?
Bullion By Post, on the other hand, does not provide this feature. This implies you won’t be able to save for retirement using BBP. If you want to put money into a bullion IRA through Bullion by Post, you’ll have to look for alternatives.
Is BBP Website Legit?
The company is not a fraud. The business has been operating successfully as the top online gold vendor in the United Kingdom for years. Their prices may be seen on their website and adjusted based on their algorithms.
Because they aren’t based in the United States, they don’t have a Better Business Bureau profile. However, there are several hundred reviews on Trustpilot, many of which are positive. There are also methods to communicate your issues to them.
How Does Bullion By Post Work?
This is one of the most simple marketplaces to use if you want to buy precious metals over the internet. One reason they’re the biggest dealer in the UK is because of how easy it is to use. You have real-time pricing and can complete your transactions right through their website.
If you’d like to compare different offers, the investment calculator is a useful tool. This will show you the cost of various types of gold, silver, platinum, and palladium. You’ll be able to pick the best value for your personal investment objectives.
There’s the investment calculator, so you don’t have to worry about dealing with a pushy salesperson. Instead, you may figure out precisely what package is ideal for your budget. If you don’t have much money, you can find out your different investment alternatives at a lower price range.
If you want to buy precious metals through this website, follow these procedures:
- Select the sort of metal you want to buy.
- Choose a weight for the metal.
- Determine whether you want it stored or delivered securely to you
The final thing to do now is to pay for the metal. You may store it wherever you choose after the metal has been delivered to you. Alternatively, you may pay to have it securely stored.
Regardless of whether the metal is delivered or stored, it will be insured by Lloyd’s of London. This protects you against the loss or theft of your package and allows you to get reimbursed for what you spent if it is stolen or misplaced. Many customers find that the insurance alleviates a portion of the anxiety associated with their purchase.
You have complete control over how long you keep the metals. Some people utilize precious metals to generate quick sales by reacting to currency fluctuations. Others like to keep the assets for lengthy periods of time in order to protect against future price rises.
You may sell your metals back to Bullion by Post if you decide to do so. This will put you in touch with the closest market price for your goods. You can also compare shops at a variety of businesses to get a better pricing estimate. It is not legally required that you return your items to the company from which you bought them.
Products and Services Offered
The company provides straightforward solutions. You can buy precious metals bullion in the form of coins or bars. You may invest in a variety of goods depending on your long-term objectives and available funds. The costs per gram for different packages are distributed around the same range, although they fluctuate somewhat.
You may invest in silver and gold bars and coins of any weight and at any price level. There is no minimum investment, so even if you have a tight budget, you may invest a small amount of money.
The firm also does not provide IRAs. Because they don’t operate in the United States, they aren’t familiar with US tax rules. Furthermore, American investors will not be eligible for things like free next-day delivery.
Since the UK is smaller than the United States, it’s far easier for UK customers to obtain overnight shipping. You should be able to ship your items to countries outside of the United Kingdom, such as Wales and Ireland. If you’re worried about transit times, contact the company’s customer support line and inquire.
Bullion By Post Fees
Do BBP Offer Favorable Discounts?
There is only one discount plan offered by Bullion By Post, which is highly regarded by consumers. If you spend more than £250, you will receive a free 1 oz Silver Britannia as part of the deal. Because it also benefits small investors, the offer is ideal for those on a budget.
Does BBP Allow Small Investors?
Yes, you can. There is a persistent notion that investing in precious metals requires considerable financial means. Bullion By Post serves everyone from the novice to the seasoned pro. You may invest as little as £ 10 with Bullion By Mail if you prefer not to purchase metal on-site. Every month, until you have enough money to buy metal yourself.
The answer is yes. There is always a misconception that you need to be rich to invest in the precious metal industry. Bullion By Post embraces all levels of investors. You can invest with the company for as little as £ 10. The company’s objective is for you to save money with it every month until you can afford to buy metal.
BBP has a number of expensive precious metals that are accessible to lower investors. For example, you may purchase one troy ounce of silver for £ 17.52. The firm is not prejudiced when it comes to client service based on consumer feedback and various testimonials. All clients are treated equally.
Bullion By Post Prices and Storage
Can you get the metals delivered home?
- Yes, you may have the metals supplied to your home at any time. Bullionbypost will deliver to your door free of charge. Your metals will be securely packaged and fully insured during transit.
Can you store with the company?
- Yes, you can. You are entitled to store the metals with the firm at a fair price. The company offers a comprehensive and secure storage solution. You are able to take delivery of your metals at any time or have them transferred to another vault location.
Can you sell back to the company?
- Yes, you have the opportunity to sell back to the company at the current market price of the metal. You may also allow purchasers to set their own pricing.
Online Reviews, Ratings, and Complaints on Bullion By Post
There are about 600 reviews on Trustpilot, with an average rating of 4.5 out of 5 stars. This suggests that the service offered is outstanding. The majority of customers who purchase from this site are pleased with their purchases.
Only 3% of the reviews indicated that the individual had a negative experience. Customer complaints allow us to learn more about how various firms perform, so let’s have a look at some of them.
A negative review claims that the user was unable to input their address, resulting in the product not being delivered. Then their money was refunded. Because they didn’t have a big order, the trouble seemed like a waste of time to them.
The company tried to contact the customer by telephone, but they input the wrong phone number. So the company couldn’t reach them that way. In order to make sure that the shipping process goes smoothly and that the buyer’s information remains secure, it is important for customers to provide the correct phone number.
That appears to be a reasonable solution for us. It may be inconvenient for the customer to need to verify their identity, but when you’re buying precious metals, you want the company to care about your payment information.
Overall, the feedback is positive. Just make sure you’re available to accept delivery of the goods when it arrives, and double-check current market prices before recycling your metals.
Augusta Precious Metals
Augusta Precious Metals is a precious metals dealer and storage provider based in Beverly Hills, California, that was founded in 2012. The company claims that its experts are among the most experienced and competent in the business.
Customers of the firm may purchase physical investment gold and silver at the lowest feasible prices in order to assist Americans in protecting their savings.
The business’s goals are admirable—to make your life easier by offering a personal, simple, and inexpensive purchasing process for precious metals products in your retirement and investment portfolios, regardless of why you’re buying.
American Hartford Gold
When it comes to investing in precious metals, American Hartford Gold is the most reputable business. American Hartford Gold, a family-owned company with over two decades of expertise in gold and silver, aims to help both novice and experienced investors achieve their financial objectives.
They shout about investors receiving the highest grade of gold and silver, with a one-hundred percent buyer satisfaction promise. Whether you’re a fledgling investor or a seasoned expert, their experts are here to assist you.
They provide investors with a wide range of precious metals, including gold, silver, and platinum. They also sell bars and coins. They also help clients increase their financial stability by adding safe-haven assets to their portfolios.
Goldco, a precious metals dealer and IRA provider based in Woodland Hills, California, was established ten years ago in 2006. The firm mostly trades in gold and silver coins that are suitable for those who have created or already have a Precious Metals IRA account.
Goldco’s dedication to client happiness and well-being is demonstrated by its effort to comprehend every potential customer’s objectives and investment goals. The company also offers in-depth information in the form of eBooks and videos to help investors build a successful metals portfolio that meets their needs.
The company says it builds strong relationships with clients. These relationships are based on trust. This trust allows for a successful business model. They have excellent ratings from the BBB, BCA, Trustlink, Trustpilot, and Consumer Affairs. This shows their dedication to these principles in all areas of their company and to the precious metals industry.
If you’re looking for a solid company to help you purchase gold and silver, Bullion by Post is a great option. They offer real-time prices and make it quick and easy to get started. You can also compare the different plans to find the one that best suits your budget. Just be aware that they don’t have services available for United States retirement account holders, and you may incur extra taxes if you’re outside of the UK or European Union countries.