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BullionVault Review: How Safe Is Your Gold, Silver, and Platinum With Them?

What is BullionVault?

BullionVault is an online bullion marketplace where you can buy and sell gold, silver, and platinum. It is the most popular way for people to invest in bullion. The site allows you to easily buy and sell these precious metals at a profit. It can be used to easily park your wealth in a secure storage facility while you enjoy a lifetime of profit. 

History and growth of BullionVault from its creation to now

The BullionVault service was founded by Galmarley Limited, which is company number 4943684 registered in England and Wales at 7th Floor – 3 Shortlands Suite Hammersmith London W6 8DA

The company was first registered with the aim of creating a centralized place where bullion investors could safely store and sell their bullion. Since then, the company has evolved into a platform for investors to buy and sell a wide variety of financial assets. It started with the sale of gold and silver, but now offers a variety of financial instruments such as stocks, bonds, and futures contracts.

BullionVault Standard and Security Assumptions

The service is safe and reliable and all orders are protected. Your payments are secure. Gold and silver transactions are processed the same day. We guarantee all transactions.

All of this is achieved while maintaining a high level of confidentiality. The company has a non-disclosure agreement with all clients.

How Does BullionVault Work

What does BullionVault do?

You purchase bullion from the market. You can buy gold, silver, or platinum. You choose your purchases from the current spot price and you decide how much you wish to pay. The site then sends your payment to the seller as quickly as possible.

You sell bullion to the market. The site provides an easy interface for you to do so. You provide the site with the details of the product you wish to sell, the price you are asking, and the number of units you wish to purchase. The site calculates the number of units needed for the transaction and sends them to you. You can choose to receive the payment in gold, silver, or even fiat currency.  

What problem does it solve?

The site makes it easy to buy and sell without leaving your home. You’ll earn a high return on the money you invested. The market is very competitive. But, it can be difficult to find a buyer. The site provides you with the tools to succeed in the transaction.

Pros & Cons of BullionVault

Pros:

  • High-quality services
  • Easy to use
  • No hidden fees
  • Fast transaction times
  • Confidentiality is guaranteed
  • Low fraud risk

Cons:

  • Limited product offering
  • No support for non-standard bullion
  • No ID verification as part of the registration
  • Paper-based records only
  • No free storage
  • No free trading 

Services of  BullionVault Offers

What Coins Does BullionVault Offer?

  • Gold
  • Silver
  • Platinum
  • Bitcoin

You can also trade in a wide variety of other coins and precious metals.

What Currencies Can I Buy Bullion In?

  • USD
  • AUD
  • GBP
  • EUR
  • CAD
  • MXN

You can also trade in a wide variety of other currencies.

Daily Audits & Bullion Insurance

When you make a deposit, you get a confirmation email with your purchase details. Every day, you will receive an email with your daily purchase activity. You can see at a glance if your account is in good standing.You can see the transaction history, which includes the date and time of purchase, the amount, and the coin type.

BullionVault Fees

Bullion Management & Withdrawal Fees

These fees are charged as a matter of course. They vary depending on the coin type and whether or not you choose a specific shipping method.

Penalty Charges

If you incur a transaction fee, you will be charged a penalty. The penalty is in addition to the regular transaction fee. It is non-negotiable and cannot be refunded.

Commission for buying and selling gold and silver

A 10% commission is charged on all gold and silver transactions. 

Insurance for lost or damaged shipments

An insurance fee of 1 to 2% of the value of the shipment is charged. The fee can only be avoided if you choose the insured shipping method. If your shipment is lost or damaged, you will not be refunded the fee. 

Costs for storage and insurance

You will not be charged the fee if the shipment is returned to the warehouse as faulty or as a refusal to pay the bill. These fees will be deducted from your profits.

Automatic Gold Investment Plan

You can set up an automatic plan to invest a certain amount of gold into a high interest-yielding investment every month. The plan will be funded with your initial deposit. You may cancel it at any time.

How to Sign Up & Trade BullionVault

Desktop Platform Review

The interface is very similar to that of the Excel interface. You have rows of cells that represent various aspects of your account. The site shows you your daily balances and helps you monitor your transactions.

You can view your shipment history to see where your bullion is and when it is expected back. You can keep an eye on the market price of your bullion with a graph at the bottom of the screen that updates every few seconds.

Mobile Platform Review

You have four tabs at the bottom of the screen. The tabs represent the various functions of the site from buying to selling.

The most important aspect of the screen is a row of buttons just above the tabs. The buttons allow you to quickly perform actions such as opening orders, sending payment, depositing and withdrawing funds, and cancelling orders.

Alternatives

Augusta Precious Metals

www.augustapreciousmetals.com

star rating

Star Rating

Augusta Precious Metals is a relatively new player on the precious metals market.

While their prices are higher than those of Goldco and BullionVault, most of their products are sold in gram quantities.

In other words, you’ll need to buy multiple kilos of gold to have the same purchasing power as a single ounce of gold.

American Hartford Gold

www.americanhartfordgold.com

4.8 star

Star Rating

American Hartford Gold is a third party that guarantees the safe delivery of your bullion.

American Hartford will store your bullion in vaults all over the world.

While they do offer this guarantee, the safe delivery is entirely at the discretion of the third party. American Hartford has a good reputation, but there are always risks involved with third party storage. With that being said, they do offer a way for you to minimize the risks associated with storing your own bullion.

Goldco

www.goldco.com

4.5 star

Star Rating

Goldco is one of the most well-known and oldest precious metal dealers on the market.

Their customer service has been inconsistent at best.

However, they have historically had the lowest prices on the market. They do not offer storage or any other services that BullionVault does.

Birch Gold

Birch Gold

www.birchgold.com

4.2 star

Star Rating

Birch Gold is the only precious metals dealer that can be considered a full-service provider.

They offer both a mobile and desktop platform to conduct your banking activities.

In addition, they have a reputation for being the most secure of the three precious metals market players

Regal Assets

www.regalassets.com

Star Rating

Regal Assets is a relative newcomer to the precious metals market.

They claim to be the most innovative, least expensive, and fastest growing precious metals dealer on the market.

Conclusion

As one of the few long-established precious metals dealers on the market, BullionVault has established a reputation for providing the best possible service, at the best possible price. 

You can also trust that they are managing your funds with the utmost care.

The only thing left to decide is which platform you want to use to buy your bullion.

Remember, you can use all three platforms to move your funds between your various accounts.

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