BullionVault Logo

As one of the largest online markets for gold and silver bullion, BullionVault has directly served investors in over 175 countries through their website which is accessible in 10 different languages.

BullionVault was founded in 2005. Their corporate headquarters are located in London, England. They are a peer-to-peer gold and silver company which enables investors to purchase bullion and have it stored inside a vault thereby avoiding delivery.

Many have compared BullionVault to a stock brokerage, since it helps investors with trading and monitoring of their precious metal investments. BullionVault has reported that over 50,000 individuals have gone through their company to buy, sell and trade precious metals since October 2013. It has been estimated that these individuals have gold bullion worth an estimated total of $1.4 billion. This is more than the amount of precious metals stored by the majority of central banks throughout the world. In addition, these investors also hold silver bullion worth $305 million.

An interesting fact about BullionVault is that the World Gold Council (WGC) has invested in their company. Due to their many assets and large network of investors, this allows BullionVault to offer its customers very competitive rates.

Why Choose BullionVault?

This company was created to solve two of the major problems of investing in precious metals.

Which was….

The difficulty for private investors to purchase, store and sell precious metals in an easy, safe and secure, cost-effective manner.

No Access to the Professional Bullion Market

The best prices for gold and silver are available on the professional bullion market, where dealers, refiners, government agencies and bullion banks trade.

But this market only deals gold in 400 oz good delivery bars, which cost around $500,000 each. The silver bars weigh 1,000 oz.

This puts the best prices out of reach of most private individuals.

No Access to Professional Vaults

Good delivery bars are stored in accredited vaults.

The vaults have a high minimum monthly charge, so you would need about 15 of these 400 oz gold bars, worth around $7,000,000, to make it economic for you to open an account yourself.

The large starting balance tends to make the system inaccessible to private customers.

Exchange Facility

Investors’ precious metals are kept in vaults which are managed by the contracted company under a bailment contract. The purchased bullion is held in allocated storage located in New York, London, Singapore, Toronto or Zurich. The companies managing the storage are either Brinks or Via Mat International. BullionVault provides a market order board to their customers wherein they can view the ask and bid prices for gold and silver. New customers will be required to provide proof of their identity and address as well as provide a specific bank account for funding of their BullionVault account.

Direct transfers of gold between customer accounts is not permitted, in opposition to digital gold currency (DGC). But investors are allowed to buy and sell to each other on what is called the trading platform. BullionVault performs a daily audit and provides customers with the most up-to-date account information as well as bar lists. Assuring customers their gold and silver are held in vaults safely.

BullionVault Reserved and Registered Bars

Normally your purchased precious metal is not tied to any one specific bar through BullionVault. As the majority of purchased bars are jointly owned by various investors. But if you have the equivalent of at least one bar of purchased precious metals you can opt to choose a bar or bars and have it registered in your name. Once this registration is complete, the bars are considered “reserved bars” and you will have exclusive ownership of them.

As of March 2013, this company allows customers to buy and sell vaulted gold and silver at the prices determined by the London gold/silver fix, calculated daily. This option can be found on their website, which includes the market order board. They also have initiated a plan called “Regular Gold Investment”, that allows investors to automatically purchase gold which is held in Zurich at daily prices. Customers can fund their accounts each month, by way of a standing order from their assigned account. Once the monies are funded into their BullionVault account, they can buy gold at the daily rates.

Registration is free at BullionVault and takes less than a minute with no obligation.