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Bullion Vault Review

Sunday, April 14th

2024 Sites to Buy Gold Reviews

Bullion Vault Review 4.5 Star Rating

Bullion Vault

4.5 Star Rating
  • Free to open an account
  • Offers both storage and shipping of gold
  • In business since 2005
  • London-based company
  • Over 100,000 active customers from over 175 countries
  • Holds over $4 billion in stored bullion
  • Commissions range from 0.5% to 0.05% based on the amount purchased
  • Free to open an account

BullionVault, headquartered in London, began its journey in 2005. Their commitment to excellence was acknowledged in 2008 when they were granted membership in the prestigious London Bullion Association, a prominent institution representing the largest global physical bullion markets.

Focus is to create safe, easy market for bullion

Currently, BullionVault serves customers from more than 175 countries, collectively safeguarding approximately $4 billion worth of stored bullion: "more gold than the central bank reserves of Canada, Hong Kong, Ireland and Qatar combined" , according to the Wall Street Journal. Their primary mission is to establish the most cost-efficient, secure, and easily accessible market for professional-grade bullion worldwide.

Open a free account with a bit of silver as a gift

It's free to create an account with BullionVault, with no obligation to trade once you've registered. But, to tip the scale a bit, they offer a free sample of silver to let you try out the process of buying and selling on their platform. We also appreciate that BullionVault doesn't have a minimum investment amount. Their account-holders have deposited as little as $100 and as much as $8 million. That being said, they don't recommend investments below $2,000, because the storage fees "may make your investment inefficient" (but more on those storage fees later).

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Transparent commissions and storage fees

How about purchase fees? BullionVault's standard commissions are 0.50% on the first $75,000 of gold you buy, 0.10% on the next $750,000, and then 0.05% on the rest. You have several options to choose from when it comes to the safekeeping of your gold purchased through BullionVault. Most users opt for vault storage at a rate of 0.01% per month (with a $4 minimum). You can choose to have your gold stored in Zurich, London, Toronto, Singapore, or New York.

Withdrawals via bank transfer or shipment to you

If you'd like to withdraw your gold, you can either receive cash and have it transferred to your bank account, or you can have the gold sent to you. BullionVault charges a 1% fee plus transport and insurance costs if, for some reason, you can't be paid safely via bank transfer. Other physical withdrawals (where you could opt for bank transfer but choose not to) will have a fee ranging from 2.5%-7.5% plus insured shipping costs; the minimum gold withdrawal is 50g.

Help at the ready in multiple languages

Need a little reassurance about your gold purchase? BullionVault has a toll-free number, available during London office hours (9A-8:30P UK-time), staffed by friendly and knowledgeable reps. This help is available in a variety of languages, including Spanish, German, Chinese (both Mandarin and Cantonese), and French.

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Thousands of satisfied investors

And reputation? No concerns here. Although the Better Business Bureau gives BullionVault a less-than-impressive "B-" rating, it's for failure to respond to a single complaint - and it's not hard to imagine that such a thing might fall through the cracks for a UK-based company. Turning to investor feedback on Trustpilot, however, you'll find almost 2000 five-star reviews. Purchases can be completed almost instantly, clients are very happy with the choice between secure storage and physical ownership, and over 90% would recommend BullionVault as an ideal place to buy gold.

Highly recommended for buying gold

We're very pleased to give BullionVault a big boost in our rankings. The site is easy to use and makes it possible for even the most novice investors to dip a toe into the gold market. Help stands at the ready (just remember you're working on UK time) and you've got 100% control over how much you invest, where you store it, and how you make withdrawals. BullionVault has become one of our top-recommended choices for buying gold.

Where is the Best Place to Buy Gold?

If you're interested in buying gold, you're not alone. Buying gold online has seen a surge in popularity over the last few years. Several factors have converged to make this option increasingly attractive for investors and consumers alike.

Of course, buying gold has been a popular investment and store of value for centuries. One primary motive is as a hedge against economic uncertainty. In times of financial instability or inflation, investors seek assets with intrinsic value and a history of retaining worth. Gold, with its enduring allure and historical significance as a store of value, becomes an attractive option.

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Sites to Buy Gold FAQ

There are many reasons you should consider buying gold. As a precious metal, it maintains value in a way not seen with paper currency or other assets. Buying gold increases in popularity when the US dollar weakens, too. Some people simply enjoy buying gold as a fun and beautiful way to expand their investments and pass their wealth down to their children and grandchildren.
Gold can be a way to diversify your investment portfolio. There are pros and cons to buying gold specifically as an investment; the value can rise and fall, and it may not be easy to liquidate. On the other hand, gold's value is recognized worldwide (unlike currency) and some investors feel that buying gold is a solid inflation hedge.
Most people buy gold in coins or bars. Popular coins include Canadian Gold Maple Leafs, American Gold Eagles, and South African Gold Krugerrands. Gold bars come in a wide range of styles and weights, from as small as 1 gram all the way up to 1 kilogram or 100 ounces (or larger).
Some people enjoy having a mix of metals. You could expand your collection into silver, platinum, palladium, rhodium or copper, depending on the seller you choose and what they have on offer.
A fireproof home safe is a good idea if you plan on storing your gold at home. You can also keep it in a safe deposit box at your local bank. However, many retailers where you buy gold have secure on-site storage facilities of their own, if you prefer not to have the gold in your possession.
Simply put, there's no better selection anywhere you could shop locally. When you buy gold online, you get the world's best inventory and can compare one seller against another to get the best price and customer service. Especially if you're looking for a unique coin or a hard-to-find bar weight, you'll want to take advantage of the shopping experience only available online.
When you buy gold, your package will be insured for its full value. For extremely high-value order (over $2,000) the company will probably use Registered Mail for delivery and require a signature to confirm that you received it.
Yes, most of them are well-established businesses that have been serving customers for many years. But, it's a good idea to verify the reputation of any gold store you're considering: start by checking out the company's listing with the Better Business Bureau, and then see what clients have said about their experience with the retailer when buying gold or other precious metals.
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Continued from above...

Regardless of global economic conditions, investors also buy gold to diversify their portfolios. This spreads financial risk across different asset classes, which can strengthen a portfolio. Additionally, gold has intrinsic value, as it's used in industries like jewelry and technology, creating demand that can support its price.

In recent years, online platforms have made it easier for people to purchase gold from the comfort of their homes. Buying gold online offers several advantages. First, it provides convenience. You can research, compare prices, and make purchases anytime, anywhere. Online platforms typically have a wider selection of gold products, from coins to bars, making it easier to find the exact type of gold you want.

Reputable online retailers typically offer lower premiums over the current market price, making it a cost-effective choice. And, of course, online transactions are secure and transparent, with most dealers offering multiple payment and delivery options.

So, if you're interested in buying gold online, where do you go? There are so many options out there, and not all of them are as reputable. As you consider which platform to use for your purchase, keep these factors in mind to make a comparison:

  • Pricing. Compare prices from different dealers to make sure you're getting a competitive deal. Pay attention to premiums, which can vary between gold products and sellers. A few sites offer a best price guarantee.
  • Transparency. Ensure the dealer is transparent about their pricing, fees, and policies. Hidden costs can significantly affect the overall value of your investment.
  • Reputation. Look for established and reputable dealers with a track record of reliable service. Read customer reviews and check for any complaints or issues with the dealer. Good customer service is crucial, especially when dealing with big investments. Responsive and helpful support can make your gold buying experience smoother and give you peace of mind.
  • Storage and delivery. Find out how the gold will be stored or delivered. Some dealers offer secure on-site storage options, and most can deliver the gold to your doorstep. Choose a method that aligns with your preferences and needs.

Buying gold online can be a practical and secure way to invest in this precious metal. To help you in your gold buying search, we here at Top Consumer Reviews have researched and ranked today's most popular sites to buy gold. We hope this information makes it easy for you to get the gold you're looking for!

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