BullionVault is a precious metals company that allows customers to purchase, sell, and store actual platinum, gold, and silver. In addition to silver and gold bars, they sell coins. Our tradingcritique.com has examined the safety, storage, and purity of precious metals in its BullionVault review.
Table 1: BullionVault Overview
| BullionVault Highlights | |
|---|---|
| Regulated By | NONE |
| Headquarters | London, United Kingdom |
| Vault locations | Toronto (Canada) Zurich (Switzerland) London (United Kingdom) New York (United States) Singapore |
| Market Instruments | Precious metals (Gold, Silver, Palladium, and Platinum) |
| Account Types | BullionVault Account |
| Minimum Investment | 1 gram of any precious metal |
| Trading Platforms | Mobile Web -based |
| Deposit and Withdrawal Method | Credit/debit cards Bank wire transfer |
| Account Base Currencies | US Dollars Japanese Yen Euros Pound Sterling |
BullionVault Platform Review – An Intro
BullionVault is the largest online bullion market in the world. BullionVault was created to solve the issues that make it very challenging for private individuals to purchase, store, and trade gold in a simple, secure, and inexpensive way.
The largest online service for investing in gold, BullionVault manages $3.7 billion for more than 100,000 users. Augmentum Fintech plc and GBIT Teach own a portion of it. Bullion Vault is used by more than 100,000 clients from more than 175 countries to purchase and store about $3.7 billion in gold, silver, platinum, and palladium.
BullionVault – Knowledge bites
Private investors from all over the world can access the commercial bullion markets through BullionVault. You can gain from the most affordable prices for purchasing, reselling, and storing silver and gold. The option for investors to regularly purchase vaulted gold,much like a savings plan, is also available. Traders can filter the various markets while looking at bullion items on the website by minimum order size, weight unit, and storage location. Three different companies, Loomis International, Malca-Amit, and Brinks, provide security services to BullionVault. Daily audits of all five vaults are conducted by BullionVault and made available to the public.
Regulations & Trustability Review of BullionVault
Paul Tustain introduced the BullionVault service in 2005. BullionVault began offering vaulted gold to private clients over the Internet in 2005. It began supplying vaulted silver in 2011, and vaulted platinum in March 2017. Physical gold that is owned by an investor and properly kept in high-security vaults is referred to as vaulted gold. Get started with these premium trading tips.
BullionVault is a UK-registered company that complies with English law. All Risks Insurance Coverage up to $2 billion is provided to Galmarley Ltd. by London-based insurance company Marsh & McLennan. All of the vault and transportation companies that BullionVault works with are members of the London Bullion Market Association (LBMA).
Table 2: BullionVault Regulation details
| Country | Registration Number | Headquarters | Registered Office |
|---|---|---|---|
| England and Wales | 4943684 | London, United Kingdom | Galmarley Ltd, 3 Shortlands (7th Floor), Hammersmith, London W6 8DA, United Kingdom |
Importance of BullionVault
Anyone storing precious metals in their home is not recommended to do so. Since holding their precious metals in a safe deposit box, which is an expensive alternative, was the only other option, many people were not interested in investing in precious metals. BullionVault provides a low-cost storage alternative for their customers’ precious metals.
Investments, Products, and Instruments Review of BullionVault
Depending on your budget, BullionVault offers a variety of precious metals for you to pick from. The options you have when buying from BullionVault are listed below.
Financial Instruments that you can trade using BullionVault:
Safety Review of BullionVault
BullionVault employs the latest technology and security procedures to secure and save the site. BullionVault can have an SMS message sent to your phone or cell phone to notify you as soon as certain events happen on your account. A burglar alarm enables you to keep an eye on your account even if you are not close to a computer.
BullionVault Storage Review
Your precious metals are kept in extremely safe vaults where the actual gold is kept. You can view the amount of gold, silver, and platinum stored in each vault by visiting the website.
You can choose the location that best suits you as BullionVault’s storage vault is situated throughout five different nations. Customers can select different vaults, allowing them to diversify their gold assets across various legal jurisdictions of different countries. The options for where to store your precious metals are shown below.
Table 3: Storage Vault Locations of BullionVault
| Storage Locations |
|---|
| London, UK |
| New York, USA |
| Singapore |
| Toronto, Canada |
| Zurich, Switzerland |
BullionVault Precious metals purity Review
Investors who purchase gold through BullionVault do so by purchasing grams of standard bullion bars with a weight equivalent to 400 ounces (or around 12.5 kilograms as specified by the London Bullion Market Association.
The standards for standard bullion bars or good delivery bars are established by the LBMA, the trade organization for the London gold market. The minimal level of purity of each bar sold by BullionVault is listed below.
Table 4: Precious metals and their level of purity in BullionVault
| Precious metals | Purity level |
|---|---|
| Gold | 99.5% |
| Silver | 99.9% |
| Platinum | 99.95% |
Review on Size of Precious metals bar in BullionVault
There are three different gold bar sizes: 400 troy ounces (12.4kg), 100 troy ounces (3.1kg), and 32.1507 troy ounces (1 kg). Platinum bars can be between 1-6 kg (32.2 to 192.9 troy ounces) in weight, while silver bars are 31.1kg (1000 troy ounces).
Gold investment plan Review of BullionVault
In March 2013, BullionVault launched the Automatic Gold investment plan, which enables customers to consistently purchase gold at the daily London price. An investor can set up a monthly automatic payment or standing order from the bank account to make regular deposits to the BullionVault account to buy gold.
Investors in the Automatic Gold investment plan are free to choose when and how much money they put into their accounts, which is how it differs from standard savings schemes. They are free to change the timing or size of their payments at any moment, as well as stop making deposits altogether.
Review of BullionVault Account Types
You must create an account on BullionVault.com or their mobile app to trade precious metals like gold, silver, and platinum with them.
All clients have access to the same type of account. A name, email address, username, and password are required for an online application that processes new accounts. It is mandatory to verify the account using a copy of the client’s ID and a bank statement.
BullionVault Mobile App Review
You may download the fantastic, simple, and convenient BullionVault app to your mobile from the app store or Google Play. It gives you access to your account via your tablet or smartphone around the clock. You may do your buying and selling, check your balance and orders, and explore price charts and marketplaces. You can also enable price alerts to be alerted of any price changes.
Fees & Commissions Review of BullionVault
Deposit & Withdrawal Methods Review of BullionVault
Only bank wires are used to process deposits and withdrawals except for UK consumers. Bank wires are the only method available for withdrawals for UK clients, while credit/debit cards are the only method for deposits. Assets can be purchased with British pounds, US dollars, Euros, or Japanese yen.
Bonus Review of BullionVault
BullionVault gives away free gold, silver, and money as part of its marketing strategy. The current promotion includes 4 grams of silver from the Swiss vault, one US dollar, one Euro, and one British pound.
Education and Research Review of BullionVault
The Investment Guide section contains a variety of articles and guidelines. The instructions for trading gold, silver, and platinum are categorized under that section. A purchasing guide is provided for each type of metal. For gold, silver, and platinum, price charts, real-time price alerts, and daily audit reports are further accessible.
Advantages & Disadvantages of BullionVault
BullionVault has both advantages and disadvantages, which are listed in Table 4.
Table 4: Pros and Cons of the BullionVault website
 Pros of BullionVault – Col1 |  Cons of BullionVault – Col2 |
|---|---|
| BullionVault provides a secure method of trading gold, silver, and some other metals. | Storage, transportation, reservations, and withdrawals may all be subject to a higher fee. |
| It promises the highest level of protection at a lower cost of transportation. | BullionVault does not have an educational section. |
| You can select a storage location for your precious metals, from various nations. | Only 3 metals are available for trading, which is unsatisfactory. |
| There is no limit to purchasing precious metals. | |
| The website is incredibly simple to use and self-explanatory. |
Customer Support Review of BullionVault
The most common questions are answered in a FAQ section, and Customer support is offered by phone, email, and live chat. The office is open Monday through Friday from 9:00 am to 8:30 pm GMT, or 4:00 am to 3:30 pm EST.
Table 5: Customer support service details of BullionVault
| Pionex Customer Support & Social Media Details | |
|---|---|
| Telephone | 1-888-908-2858 (US and Canada toll-free) +44 (0)20 8600 0130 (UK and Internatinal) |
| support@BullionVault.com | |
| https://www.linkedin.com/company/bullionvault | |
| https://www.facebook.com/BullionVaultEnglish | |
| https://twitter.com/bullionvault | |
| YouTube | https://www.youtube.com/user/bullionvault |
Frequently Asked Questions – BullionVault
What are the various currency options?
You can be paid in the following currencies: US dollars, Euros, British pounds, or Japanese Yen.
Is BullionVault regulated?
Instead of financial regulators, BullionVault is governed by English property law.
Why isn’t bullion kept in a bank?
Today’s banks don’t conduct the right kind of operations to be willing and trustworthy custodians of precious metals.
After I buy, how does the bullion travel to the vault?
There is no need to ship gold to complete your purchase because the bullion you purchased through the BullionVault order board already existed in the vault when you made the purchase.
What is the minimum trade amount?
The minimum trade amount is 1 gram (0.001 kilograms) of gold, silver, or platinum for trades on the order board of BullionVault.
In a Nutshell – BullionVault Review
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