Last Updated on February 10, 2023 by George
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Are you considering purchasing or selling precious metals through BullionVault?
If so, stay reading our review because we’ll go over all the pros and downsides and the most crucial factors to consider before doing business with BullionVault.
Before you begin this evaluation:
They know how challenging it is to choose a business you can entrust with your hard-earned savings. They produce informative and practical material to give you as much information as possible to make the best decision.
An independent precious metals trade organization in England called the London Bullion Market Association (LBMA) ensures all its members follow strict standards. Therefore, it is encouraging to have BullionVault as a participant.
The three core standards of the LBMA are good delivery, fostering integrity and effective operation of the market, and responsible sourcing. Therefore, if their members achieve these requirements, it signifies credibility and quality in the sector.
On the platform BullionVault, investors can purchase and sell gold in various forms, including bars, ingots, and coins. Silver and platinum are two different precious metals that can trade.
They advertise as the most significant gold investing platform online, with over 95,000 active users. They offer the lowest commission expenses in the industry thanks to their size and scalability.
History of BullionVault
The parent business Galmarley Limited owns BullionVault. Although it began in 2003, the first two years were spent developing the website’s software.
To buy gold bars and other precious metal items that form the foundation of the inventory, BullionVault needs to have raised capital through equity fundraising in 2005.
Since then, the business has continued to expand thanks to the popularity of the service among investors in precious metals brought about by the gold products’ convenience, safety, and affordable costs.
To make money, BullionVault relies on four primary sources: commissions on trading orders, maintenance charges for gold storage, interest payments, and the differential between the price of buying and selling gold.
The company has had constant growth, with clients in more than 176 countries, and has over $4 billion worth of bullion in its vaults.
According to the corporation, their customers’ aggregate gold and silver bullion holdings are more significant than those of several national central banks. The gold and precious metals market has seen a considerable increase in the influence of BullionVault
Why Choose BullionVault?
As we’ve already mentioned, BullionVault is a sizable organization and a mainstay in the sector. Along with membership in the London Bullion Market Association, another sign of excellence, they have also received industry accolades.
They have made an effort to simplify for the consumer the process of purchasing, selling, and keeping precious metals. Many people don’t believe owning gold in their homes will keep it safe.
A safe deposit box also comes with a hefty price tag and the risk that all institutions carry. You can buy, sell, and store your precious metals at BullionVault for a fair price.
As of the time of this writing, bullion storage costs about $5 per month
Where does BullionVault Keep Your Gold?
BullionVault uses unique facilities that only cater to its customers. You can store your precious metals in one of five locations: Zurich, London, New York, Toronto, or Singapore.
BullionVault’s three vault operators—Loomis International, Malca-Amit, and Brinks—also serve as security transportation firms.
BullionVault can even verify your assets in the vaults. They post custody lists each business day, and a custody list lists every bar they have with the names of their published aliases next to each one.
You decide on identity only you would be familiar with, and you maintain your anonymity from others. The Daily Audit portion of the website contains this information.
The success of BullionVault is primarily a result of this. Instead of receiving an I.O.U. for an unspecified amount of gold, BullionVault has your particular pieces reserved with your name on them; you are the owner of the gold and other precious metals you buy.
This system’s advantage is that investor claims are limited to the amount of gold kept in the vault.
With BullionVault, you are avoiding the potential of this time-tested Ponzi scheme, even though it appears absurd because numerous gold companies have been exposed over the years with more customer claims than gold on hand.
How Much Do You Need To Invest?
BullionVault is alone as a market. As a result, they can handle orders of every size, from the giant whale to the tiny Mom and Pop investors. There is no set minimum investment amount, and you don’t need much to get started—just $100 or $1,000.
Due to their focus on empowering precious metals investors and the enormous liquidity they provide, they accept orders of all sizes.
BullionVault can help people who like to fast trade in and out of precious metals because of these unique advantages. While this is conceivable, most savvy investors advise against hasty trading.
Precious Metals I.R.A. Investments with BullionVault:
If you’ve established a self-directed I.R.A., you can use BullionVault to invest in and store gold, silver, and other precious metals.
1. The first step is to locate an I.R.A. custodian who can manage precious metals in an I.R.A. Many businesses provide this, but choosing one that focuses on these particular accounts is advisable.
2. You must deposit money into your I.R.A. account after setting it up with the correct custodian.
The typical methods for accomplishing this include rolling over an existing retirement account into your I.R.A., like a 401K, performing a bank transfer, or making annual contributions up to an IRS-allowed cash sum.
3. After that, you must inform your custodian that you intend to use the money in your I.R.A. to buy precious metals through BullionVault. To accomplish this, you must complete a Buy Direction or a Purchase Authorization Letter.
In essence, they are the same. The money will be sent from your I.R.A. provider to your BullionVault account.
4. Your I.R.A. custodian will provide you with the BullionVault login details once your account has been funded. Then, after logging on to the website, you can select the gold, silver, or platinum allocations that best meet your investing objectives.
I.R.S. Rules for Precious Metals
The I.R.S. stipulates minimum purity requirements for gold, silver, and platinum.995,999, and.9995, respectively. Any metals purchased from Bullion Vault satisfy these requirements or go beyond them.
Coin collections are prohibited in certain accounts by the I.R.S. Because BullionVault exclusively offers large-format precious metal bars necessary for trading on professional markets; this is not a problem.
Taking custody of the investor’s metals is likewise prohibited by the I.R.S. With its vaults in London, New York, Zurich, Singapore, or Toronto, BullionVault can meet their requirement that the metals be kept with a licensed custodian.
BullionVault Educational Resources
BullionVault has done an excellent job of offering its consumers a wealth of educational content on its website. Their website’s upper right corner contains a drop-down menu next to the tab entitled “Investment Guide.”
This menu has separate guidelines for purchasing gold, silver, and platinum.
Given that gold is the most prevalent metal, they also offer further reading on structuring your gold investment plan, utilizing gold as “insurance” to diversify your investment portfolio, and a section that shows gold returns over the past 40 years.
Pros and Cons
Pros                    
- Four currencies in which bullion is tradable
- Pick from 5 different secure bullion vault locations across the world.
- Outstanding customer support by phone, email, and live chat on their website.
- Individual who belongs to the London Bullion Market Association
Cons                    
- Although their rates are inexpensive, they charge a lot of fees for almost everything they provide.
- Only gold, silver, and platinum are available to them as investment metals.
Final Thoughts – BullionVault Review
Every wise investor knows they should hold some of their assets in gold and other precious metals.
It only makes sense to look to gold as a haven against inflation when the world’s financial markets are experiencing historic levels of instability, and all central banks are creating money at an unprecedented rate.
BullionVault performs admirably as a marketplace for buyers and sellers of precious metals. They offer good services for traders and investors and a ton of useful educational material
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