BullionVault Review 2023: Pros, Cons, & Fees

Meet BullionVault – it’s like a virtual treasure chest for people who want to invest in precious metals like gold, silver, platinum, and palladium. It is also one of the popular bullion dealers and a safe space to purchase gold and silver.

Imagine having your secret secure vaults where you can buy and store physical gold without needing a real vault at home. It’s a smart way to dip your toes into the world of precious gem investments with a solid investment strategy, and we’re here to tell you all about it.

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BullionVault: Making Precious Gems Accessible and Affordable

Picture this: Traditionally, owning physical gold was a bit like a VIP club, reserved for the wealthy. Why? Because buying and storing gold and silver came with hefty storage costs – think insurance and a safe place to keep it in the gold market. Plus, if you ever wanted to sell, finding a buyer quickly was about as easy as finding a needle in a haystack.

An Innovative Solution

Enter BullionVault, a UK-based company with a brilliant idea. They thought, “Why should gold be just for the rich?” So, they created a smart online system to change the game and started to enter the gold markets.

Here’s how it works: By bringing together a bunch of investors online, they cut down on the storage costs of owning gold. It’s like sharing the expenses with a big group of friends, making it affordable for everyone.

From Small Seeds to Global Growth

Back in 2003, BullionVault started with a modest $500,000 in seed funding. But they had big dreams, and they made them come true in the global market.

Today, they’re not just profitable; they’re one of the biggest players in the world of physical precious metals and the stock market. They’ve got a whopping 100,000 BullionVault customers from 170 different countries. That’s like having friends all over the globe who share your passion for precious gems.

More Than Just Gold

While they began with gold bullion, BullionVault offers to spread its wings. Now, they’re all about making silver, platinum, and palladium accessible too for international trade. It’s like going to a buffet where you get to choose from a variety of delicious options. So, if you’re thinking about investing in physical precious metals, BullionVault might just be your golden ticket.

Understanding BullionVault Costs: What You Need to Know

When you invest through BullionVault, there are a few costs to keep in mind. First up, dealing commissions and holding gold. These are like the fees you pay when you buy and sell precious metals in the trading system.

The good news is that they start at 0.50% for smaller amounts and offer physical delivery. So, if you’re dipping your toes into the world of investing, it won’t break the bank. And the more you invest, the lower these commissions can go, sometimes as low as 0.05%. It’s like getting a discount for buying in bulk!

Storage Fees: Safekeeping for Your Precious Metals

Think of the storage fees as paying rent to keep your precious metals safe. It’s set at 0.12% per year. So, if you’re storing a substantial amount, it’s like having a tiny yearly fee for the peace of mind that your gold investments are secure.

Burglar Alarm: Extra Security for Account Holders

Now, here’s an optional one – the burglar alarm service. It’s not something you must have, but it’s like an extra layer of security for your BullionVault account.

This service alerts you to any withdrawals or changes in your BullionVault account, like if someone tries to mess with your phone number or sensitive info. The cost? It’s pretty affordable at just $0.20 per text. It’s like having a guard dog for your investments but without the barking.

Fund Remittance Charges: Moving Your Money

If you ever need to move your money around, like withdrawing it, there might be some fees. Most UK withdrawals are free, which is awesome. But if you use services like Chaps, it could cost you up to £20, or if you go the SWIFT route, it might be around $30. These are like small fees for transferring your money securely.

For most investors, you can expect to pay around 0.50% to 0.62% per year. It’s like a little slice of your investment, and it helps cover the costs of keeping your precious metals safe and secure.

Remember, these fees are like the reasonable price of admission to the world of precious metal investments, and BullionVault aims to make it affordable for everyone, whether you’re just getting started or a seasoned pro.

Your Precious Metals, Your Choice: BullionVault Secure Storage and Currency Options

When you invest in precious metals through BullionVault, one of the coolest things is that you get to choose where your gold, silver, platinum, or palladium will be stored.

It’s like picking the safest vault for your treasure! You’ve got options, and they are top-notch in multiple locations: Zurich, London, New York, Toronto, or Singapore. It’s all about what makes you feel most comfortable and secure.

Paying Your Way

Now, let’s talk about currency options. When it comes to paying for your precious metals, BullionVault keeps it super convenient. You can pay in a few different currencies, including Dollars, Euros, Pounds, or Japanese Yen through bank transfer. It’s like ordering your favorite meal and being able to pay with whatever money you have in your wallet – no need to go hunting for the right currency.

BullionVault vs. Goldmoney: Who’s the Winner?

You might be wondering, “Is BullionVault legit or better than Goldmoney?” Well, it’s a bit like comparing apples and oranges because what’s “better” can depend on your preferences.

But let’s talk about what we know. As of now, BullionVault tends to have lower spreads and costs compared to some alternatives like Goldmoney. Both of them are under the English property law that covers overseas sales.

However, keep in mind that these things can change. It’s like trying to figure out which phone is better – it can vary depending on the latest models and features. So, it’s always a good idea to check the most up-to-date information on the BullionVault website to make the right choice for your precious metal investments.

Exploring the Pros and Cons of BullionVault

When it comes to investing in precious metals, bullion trading, and selling gold bars to and from gold dealers, Bullion Vault shines as a popular choice. But like any user-friendly online platform, it comes with its own set of advantages and drawbacks.

In this guide, we’ll take a closer look at the pros and cons of BullionVault, helping you make an informed decision on whether it’s the right fit for your financial goals.

Whether you’re a seasoned investor or just starting, understanding these factors, such as where to store all the gold safely, will help you navigate the world of precious metals with confidence. So, let’s dive in and explore what BullionVault has to offer, and where it might have a few bumps along the way.


A Safe Haven for Precious Metals

When you want to trade precious metals like white gold, silver coins, and more, BullionVault is your safe harbor. It’s like having a reliable fortress for your investments. What makes it even better is that Bullion Vault is backed by a strong parent company with a solid track record. So, if safety is your priority, you’re in good hands here. Not to mention that they also have an excellent customer service.

Liquid Like ETFs

One of the standout features of BullionVault is its liquidity, which is almost on par with Exchange-Traded Funds (ETFs). In simple terms, it’s easy to turn your precious metals into cash when you need to. The only time you might struggle to find a buyer is if, by some strange chance, nobody else on the platform is looking to buy. But hey, that’s like saying you can’t find a friend to share a pizza with at a pizza party – highly unlikely!

Currency Choices Galore

Bullion Vault is all about flexibility. They’ve expanded their currency options, so you can pay in Dollars, Euros, Pounds, or Japanese Yen. It’s like ordering from a menu with multiple delicious choices. No need to worry about converting your money; they’ve got you covered.

Accessible Worldwide

Wherever you are in the world, Bullion Vault is ready to welcome you as a client. It’s like having a global membership to the precious metals club. So, whether you’re in New York or New Delhi, you can get in on the action.

Top-Notch Security

Worried about the safety and whether to buy physical gold? Bullion Vault takes care of that too. They use your fees to cover insurance and other security measures. It’s like having a guardian for your treasure chest, ensuring your precious metals are protected from any unexpected mishaps.


Rollercoaster Ride of Precious Metal Prices

The biggest challenge with investing in precious metals like gold is their rollercoaster-like performance. While they may have their shining moments, like the surge from 2000 to 2010, they can also disappoint over the long term. Imagine a thrilling ride at an amusement park that occasionally takes unexpected dips.

No Guarantee Against Economic Turmoil

Contrary to popular belief, precious metals aren’t always the knight in shining armor during times of economic turmoil or inflation. For example, during the Global Financial Crisis of 2008, holding physical gold coins and silver stumbled. These metals tend to shine when people are cautious but not panicking. In true panic mode, folks often flock to government bonds and the Dollar.

Gold’s Limited Hedge Against Inflation

Gold’s reputation as a hedge against inflation isn’t always as strong as it seems. Despite soaring inflation rates in recent times, gold’s performance has been lackluster. It’s like buying an umbrella that doesn’t quite keep you dry when the rain pours.

Higher Costs Compared to ETFs

Investors seeking a cost-effective option might find Bullion Vault less appealing. The costs associated with it are higher than those of exchange-traded Funds (ETFs). What’s more, ETFs are liquid and can easily be held alongside any automatic gold investment plan in brokerage accounts.

Paranoia and Government Confiscation

BullionVault might attract a specific type of investor – those who are overly concerned about government confiscation of buying physical gold bullion bars. However, it’s essential to note that having offshore storage won’t necessarily safeguard against such a scenario. If governments decide to increase revenue, they could opt for taxing offshore gold bullion vault owners instead of direct confiscation. While this scenario is unlikely, it’s important to consider the logical fallacy of paying extra for offshore storage compared to buying an ETF for this specific “risk.”

BullionVault Review: Final Thoughts

In the world of precious metals investment, BullionVault emerges as a noteworthy contender, offering a secure platform to trade physical gold bullion, and silver, store gold bullion, sell gold, buy gold bullion, trade gold, and more. As we wrap up our exploration of BullionVault, it’s clear that this platform has its strengths and weaknesses, much like any investment option. This company can also help you build your investment portfolio.

BullionVault excels in providing a safe and flexible environment for precious metal trading. It offers a range of currency options, boasts liquidity comparable to ETFs, and allows private investors worldwide to participate. With robust security measures and the backing of a reputable parent company, BullionVault aims to provide peace of mind for those looking to invest in physical metals.

However, it’s essential to recognize that precious metals, including physical gold bullion, can be unpredictable long-term assets. They may not consistently serve as hedges against economic downturns or inflation.

Additionally, Bullion Vault comes with higher costs compared to ETFs, which offer greater liquidity and convenience. Finally, some private investors may be drawn to Bullion Vault out of concerns about government confiscation, even though offshore storage doesn’t necessarily eliminate this risk.

This BullionVault review concludes that the company is a viable option for those who value the tangible nature of precious metals and the added layer of security it can provide to your gold purchases and bullion stored in their vault.

However, it’s not without its challenges and may not suit all investment preferences. Like any investment decision, choosing BullionVault should be a thoughtful one, considering your financial goals, risk tolerance, accepted bank accounts, and the broader economic landscape.

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Tim Schmidt


Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.