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BullionVault Review (2021) – Gold Chart, Gold & Silver Trading, Customer Ratings, Fees

An Award-Winning Gold & Silver Trading Company

Thank you for visiting our BullionVault review (2021). In this in-depth review, we have looked into the BullionVault gold chart, gold and silver trading, customer ratings, products and fees, cost calculator, investment minimums, and much more.

BullionVault An Award-Winning Gold And Silver Trading Company

BullionVault
Galmarley Ltd T/A 3 Shortlands (7th Floor)
Hammersmith P
London W6 8DA
United Kingdom
bullionvault.com
Products Available:

  • Bullion Bars
  • ​Bullion Coins
  • ​Self-Directed IRA
  • ​Automatic Gold Investment Plan
BullionVault is an award-winning gold and silver trading company, which enables individuals to buy and sell physical gold, silver, and platinum. In 2013, the Company won the Queen’s Award in the category of international trade.

Introduction BullionVault Review (2021)


BullionVault is the biggest online gold and silver trading company in the world. Individuals and professional investors have the option to buy vaulted gold on a regular basis, similar to a savings plan, as well as roll over or transfer physical metals to a Self-Directed Individual Retirement Account – a Gold or Silver IRA.

In addition, investors can trade gold, silver, and platinum bullion, which is stored on their behalf by an independent vault operator. As a result, they acquire outright ownership of their precious metals holdings and have a delivery option.

In this BullionVault Review (2021), you will learn:

  • How you can benefit from the lowest costs for buying, selling, and storing gold and silver
  • How you can sell at any time, without penalty and your money will be wired the next business day
  • How you can own any quantity of physical gold and silver bullion in as little as 2 hours
  • How the BullionVault gold chart works
  • How to start a gold or silver IRA, alternatively an automatic gold investment plan
  • How BullionVault’s cost calculator can help you plan your precious metals investment
  • What customers say about BullionVault
  • And much more

We have looked into all of this so that you can make the best choice for your future investments. But before we dig deeper into our BullionVault review (2021), let us first present our complete gold investing guide, and why it can be good to check it out before you make your first precious metals investment.

Gold Investing Guide


How To Invest Gold - A Complete Gold Investing Guide
If you are new to investing in gold and silver, or you are researching the cheapest way of holding metals, you will find the information you need in our gold investing guide.

The guide walks you through the different ways you can buy precious metals, as well as showing you what metals are the best to invest in.

The goal is to give you solid facts and figures to keep you well-informed of all the specific information that is pertinent to this type of investment so that you can decide if it is for you.

To top this, it also guides you on how to store your bullion, and how to handle and respond to a crisis when it comes to investing, and other facts that will be useful to know before you make your investment.

If you are looking for a tried and true investment that can provide stability to your portfolio, you should invest in physical gold bullion.

With that said, let us present to you our unbiased in-depth review of the world’s largest online gold dealer BullionVault, its gold chart, the process of gold and silver trading, products and fees, the cost calculator, and much more.

BullionVault Introduction Movie

YouTube video

BullionVault Review Overview

1. What Is BullionVault?

1.1 BullionVault’s Bullion

1.2 Who Is BullionVault Best For?

2. Why Invest In Precious Metals?

3. BullionVault Offers The Following Products

3.1 Physical Bullion (Gold, Silver, or Platinum)

3.2 BullionVault Gold IRA

3.3 BullionVault Silver IRA

3.4 Automatic Gold Investment Plan

4. IRS Requirements For Gold Or Silver IRAs

5. Gold Or Silver IRA Opening Process

6. BullionVault Gold Chart

7. Fees

8. Investment Minimums

9. Customer Ratings

10. Cost Calculator

11. Customer Specials

12. What About Storage?

13. Pros And Cons Of BullionVault

14. How To Open A BullionVault Account

14.1 Customer Service

15. BullionVault Review (2021) Verdict

1. BullionVault Review – What Is BullionVault?


Founded in 2005 by Paul Tustain, BullionVault is now partly owned by Galmarley Ltd and Augmentum Fintech plc. It holds gold in vaults in London, Zurich, New York, Toronto, or Singapore for its customers. For instance, in June 2012, BullionVault held around 30 tons of gold.

The Company is registered in England and is regulated under U.K. Company Law. Because it trades in bullion, which is outside the scope of the Financial Services Authority (FSA), it is not regulated by it. It is, therefore, not reviewed by the BBB (Better Business Bureau) either.

Let alone, BullionVault provides individuals and professional investors around the world access to professional bullion markets.

With BullionVault, you can benefit from the lowest costs of buying, selling, and storing gold and silver bars. It is known as the world’s largest online investment gold service, and services 3 billion dollars for at least 90,000 customers.

You can say that Bullionvault is a peer-to-peer silver and gold exchange. It functions like a stock brokerage in the sense that members can buy and sell, as well as easily store and keep track of their investments.

In addition, BullionVault was twice the winner of the Queen’s Award for Enterprise in the United Kingdom. In 2009, they won the innovation award for enabling private investors to access the professional gold bullion market, and in 2013, they won the Queen’s Award in the category of international trade.

One thing that makes Bullionvault stand out is the fact that it is partially owned by the World Gold Council. This allows customers to have direct access to the professional bullion market. And since 2008 BullionVault has also been a member of the London Bullion Market Association.

1.1 BullionVault’s Bullion

With that said, a purchase of gold through BullionVault is an investment into bullion bars or coins, and the bullion is stored in professional-market vaults in Zurich, London, Toronto, Singapore, or New York. Additionally, BullionVault can also deliver gold coins, but only to U.K. residential addresses.

The gold bars are of investment-grade gold and are available in a range of sizes from 1 gram or 1 ounce. Investors have access to their accounts and can buy and sell gold through BullionVault, 24 hours a day, every day of the year.

This makes it a great offering for active gold investors, as well as those with a buy and hold profile.

For this reason, BullionVault’s accounts are audited daily, with lists of client holdings matched off against its actual holdings. This is done by a nickname system, and only account holders know their nicknames. An investor can ‘see’ his gold by viewing the independently posted audit.

Next, let us move on to who BullionVault is best for.

1.2 Who Is BullionVault Best For?


BullionVault is a worldwide gold dealer that you can trust and is a great choice for many types of investors, including those who:

  • Want to own physical investments. Unlike companies that could go under at any moment, precious metals have been and will be around forever. If you want a tangible item in your portfolio that will never go out of style, precious metals may be a good choice.
  • Want to protect their wealth from stock market volatility. If the stock market makes you a little queasy, minimize your risk with precious metals that tend to move in the opposite direction of traditional securities. When the market is tanking, gold and silver can help you ride out the cycle until things start to swing back up.
  • Are nearing retirement and fear another financial crisis, like the one in 2008 and the aftermath of COVID-19, precious metals add stability when you need it the most. Gold and other metals serve as financial insurance.
  • Want to make secure and fast gold and silver trades 24 hours per day.

2. Why Invest In Precious Metals?

Think back to the 2008 Great Recession. It was a devastating time for millions of investors and many people lost it all. Now, due to the COVID-19 outbreak, we are facing another financial crisis, and the effects on the economy will be long-lasting.

Gold serves as financial insurance and protects your savings account from the effects of stock market volatility and the event of inflation.

In fact, investors who own physical gold and silver have financial insurance that will appreciate in value when the fiat system depreciates.

For this reason, just a small allocation of precious metals–5% to 10%–could add a significant amount of protection to your portfolio if things get ugly in the financial markets.
 
Protect your assets with a bullion investment
 
Now, let us take a look at one of the most important aspects of this in-depth BullionVault review (2021), their products.

3. BullionVault Offers The Following Products

3.1 Physical Bullion (Gold, Silver, or Platinum)


An investment through BullionVault is a purchase of physical gold, silver, or platinum that is held in an allocated account within its safe and secure vaults. You can own any quantity of physical bullion in about 2 hours.

This is beneficial for investors since they do not have to pay the costs of taking delivery of the metals. Besides, gold and silver prices and the cost of storage is incurred at wholesale rates rather than the more expensive retail rates.

When you buy metals outright, you can either keep them in one of BullionVault’s secure vaults or have them delivered to your home. Better yet, you can sell at any time, without penalty, and your money will be wired the next business day.

Note that if you choose to take home delivery of your metals, you are often charged VAT, shipping, and insurance costs.

Moreover, the silver market only deals with you purchasing large bars that meet Good Delivery Specifications of the London Bullion Market Association. All silver that is purchased through BullionVault is held in 1,000 troy ounces and is stored in market-approved vaults.

Importantly, the gold and silver are certified as investment grade and is held in a named and numbered account for the benefit of the purchaser.

3.2 BullionVault Gold IRA


If you would like to open a Self-Directed Gold IRA (Individual Retirement Account), you can invest in gold, silver, or platinum for your retirement.

A gold IRA permits individuals to diversify any portion of their retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold and other metals within that retirement plan.

Investors can securely possess physical precious metals in a tax-deferred account. You can find more details on how to get started in the gold IRA opening process.

3.3 BullionVault Silver IRA


Like a gold IRA, you can choose to include silver in an Individual Retirement Account. Better yet, you can include all metals: silver, gold, and platinum in your IRA, no matter gold or silver IRA.

When investing in precious metals through a retirement plan, you actually invest in physical silver bars. It is an investment you can hold that will not disappear if the paper currency does.

And at age 59½, you or the beneficiary of your gold or silver IRA can start taking penalty-free distributions from the account, according to the IRS.

3.4 Automatic Gold Investment Plan


An Automatic Gold Investment Plan offers automatic investments in gold. Once set-up, investors can simply deposit money into their BullionVault accounts, and the money will be used to purchase gold automatically.

Investors do not need to place any orders or trade directly on BullionVault’s trading platform. An investor can set up a monthly automatic payment or standing order from his bank account to make regular deposits (e.g., every month) to his BullionVault account for the purchase of gold.

The Automatic Gold Investment Plan differs from traditional savings plans in that investors are completely free to decide when and in what amount they make deposits into their accounts.

In addition, they can adjust the frequency or amounts of their payments and stop making deposits at any time without any negative consequences. You can find more details about BullionVault’s Automatic Gold Investment Plan on BullionVault’s website.

With that said, be advised that BullionVault charges a commission fee to purchase and sell bullion. There is also a monthly fee to store your investment (insurance is included in the storage cost).

4. IRS Requirements For Gold Or Silver IRAs


There are requirements and guidelines you must follow according to the IRS when investing in a precious metals IRA.

Here are the IRS requirements:

  • Purity Requirement – The purity has to be .995 for gold, .999 for silver, and .9995 for platinum.
  • IRA Bullion Must Be In Form Of Bars – The gold, silver, or platinum investment must not be in the form of coins. Bullion is only available for ownership in the form of large bars since these are what is traded on the market.
  • IRA Bullion Must Be Stored With A Custodian – The bars must be secured in a depository for safekeeping and at arm’s length of the IRA holder.

With this in mind, at BullionVault, all gold, silver, and platinum are equal to the purity standards set by the IRS.

Moreover, all bullion is stored in your choice of professionally operated vaults.

5. Gold Or Silver IRA Opening Process


There are best practices when it comes to opening a gold or silver IRA at BullionVault. Here you can read about the 4 steps:

How To Start A Gold IRA Step 1

1. Select Your IRA custodian

The first step is to find an IRA custodian or administrator who is able to hold gold, silver, and platinum in an IRA. BullionVault uses New Direction Trust Company and MidAtlantic IRA, LLC as their custodians. If you do not want to use any of BullionVault’s options, it is recommended that you make sure whoever you choose as your administrator meets all your needs and follows all the requirements set by the IRS.

How To Start A Gold IRA Step 2

2. Open An IRA Account

The next step is to open an IRA account with the administrator you have selected and fund it through a transfer, rollover, or an IRA contribution.

How To Start A Gold IRA Step 3

3. Select Your Precious Metals

Be sure to tell your administrator that you want to buy IRA bullion from BullionVault by completing the form for Buy direction or a Purchase Authorization Letter. For more details, you can contact an IRA expert at BullionVault.

How To Start A Gold IRA Step 4

4. Purchase Precious Metals

After the account has been funded, your purchase of gold, silver, and platinum will be sent to the account.

As simple as that!

 
BullionVault - The simplest, safest & cheapest way to buy gold online
 

6. BullionVault Gold Chart


With BullionVault, you can buy gold and silver at the cheapest prices in the market. You can buy gold in 1 gram or 1 ounce increments within LBMA approved wholesale bars. You also have the option to invest in gold or silver coins.

The Company guarantees gold and silver prices closer to the wholesale market price. They are able to have such competitive prices since they purchase their metals in bulk and can pass much of these savings to their customers.

The BullionVault gold chart displays the daily gold spot price. You can always trust BullionVaults’s gold chart to show you the most recent daily gold spot price.

For instance, the gold chart also shows you the price of both buying and selling gold per troy ounce:

Next, let us move on to the rates and costs of trading gold and silver.

7. Fees


BullionVault gold rates and costs
The BullionVault fees and commissions are as follow:
 
Premium/mark-up for buying and selling gold:

  • The premium/mark-up for buying and selling gold is typically about 0.07% in each case

Commission for buying and selling gold (commission applies both for the purchase and sale of gold):

  • The first US$ 75,000 of gold purchased in the year so far: 0.50%
  • The next US$ 750,000 of gold purchased in the year so far: 0.10%
  • All additional gold purchased in the year so far: 0.05%

All commission tiers are calculated annually. The commission rates will reset to 0.5% on the anniversary of the client’s account registration each year.

Costs for storage and insurance:

  • 0.12% per year on gold, billed monthly and subject to a monthly minimum of US$4

Withdrawal fee for delivery of gold:

  • The withdrawal fee for whole good delivery gold bars (400 troy ounces) is 2.5% of the value. For 100g gold bars, a surcharge of ca. 3-6% applies, in case of non-standard sizes 7.5% are charged

Withdrawal fees for funds:

  • The potential cost of wiring funds directly to the clients’ bank is deducted from the amount withdrawn. The charge will typically not exceed $30
  • Wire transfers in the European Union are free of transaction costs


Automatic Gold Investment Plan fees:

  • For BullionVault’s Automatic Gold Investment Plan special fees apply. BullionVault charges a transaction fee of 0.8% on buying and selling gold at the daily London price
  • BullionVault’s ongoing charges for storage, including insurance, are as normal
  • Commission at 0.10% and storage and insurance charges of just 0.12% – with a minimum of $4 per month – are probably the cheapest in the industry
  • For the investor with larger sums to invest, the commission rate graduates down to 0.05% on sums over $750,000

What is more, an investment can be made in either Euro, Sterling, or U.S. dollars. This means that the potentially costly exercise of exchanging currencies can be avoided.
 
Protect your assets with a bullion investment
 
The next topic we want to clear out in this Bullionvault review is that of investment minimums.

8. Investment Minimums


There is no minimum trade size (except that the increment is in whole grams or ounces). When buying or selling at the daily gold spot price, you pay a flat commission of 0.5%.

However, there is an additional 0.3% currency-switching fee for daily gold spot price orders set in British Pounds, in Euros, or in Japanese Yen.

As a result, rates are the same when you sell, and you can trade in U.S. Dollars, British Pounds, Euros, or Japanese Yen. And the average spread (the difference between the buying and selling price) is zero.

Now to something important if you are wondering whether to invest in BullionVault bullion or not. What do customers say about BullionVault?
Regal Assets 5 star customer ratings

9. Customer Ratings


Needless to mention, due diligence is important before investing money into anything, whether it is stocks, bonds, gold, or silver.

How do investors know they are working with a legit gold or precious metals dealer?

Fortunately, the World Wide Web makes it difficult for companies to hide. Customers can go online and vent any frustrations they may have with their gold dealer.

As you can see below, BullionVault remains a greatly respected company in its industry, at the same level as its highly regarded rivals and foremost among the sector’s leading competitors.

To start with, here is a sample of customer reviews on TrustPilot:

BullionVault reviews on TrustPilot

More Customer Ratings

Regal Assets 5 star customer ratings

 

BullionVault is not rated by the BBB since the Company is registered in the U.K.
The Company has a 3.36 / 5 rating with ResellerRatings.
Google Play’s customers have rated the BullionVault app for gold and silver trading 3.9 / 5.

What brings the overall review rating down a bit is either frustration over the fact that the bank deposit is taking longer than expected, or that the account validation process is a bit complicated for some people.

However, we found it to be pretty straight forward, but not all people are used to uploading documents online.

Now that we have looked into the customer ratings, we will move on to one of BullionVault’s strongest features, the cost calculator.

10. Cost Calculator


One of BullionVault’s strongest features is the cost calculator. It allows you to calculate the costs of commission and storage fees easily and efficiently so that you know what your gold or silver investment will cost you.

It is a transparent functionality that removes any question marks you may have.

BullionVault's cost calculator

Note: You should take into consideration that the trading commissions decrease the more you trade.

You can find a direct link to the cost calculator at the bottom of the website.

Direct link to BulliobVault's cost calculator

Now, let us move on to new customer specials.

11. Customer Specials


BullionVault offers 4 free grams of silver when starting an account. The offer is risk-free and is meant to give you a taste for BullionVault’s unique order board.

12. What About Storage?


Whether you choose to store in one vault or spread your holdings across more, you will get the cheapest storage rates in the world: only 0.01% per month for gold ($4 min.) or 0.04% per month for silver or platinum ($8 min.), including insurance.

For this reason, you can rest assured that your metals are stored in extremely safe professional-market vaults in Zurich, London, Toronto, Singapore, or New York. Whatever you prefer.

We hope this answered your questions about storage. Next, let us present our list of the pros and cons of BullionVault.

13. Pros And Cons Of BullionVault


  • BullionVault allows individuals to buy, hold, and sell physical gold, silver, and platinum at the lowest prices in the market
  • Individuals, as well as professional investors, can safely store physical metals at a reasonable price (starting from only $4 per month)
  • Investors can place, buy, and sell orders daily, around the clock (365×24)
  • On request, you can also have your metals delivered to your home
  • Storage insurance for your metals is included
  • BullionVault gives away 4 grams of free silver when you open a new account
  • Excellent customer ratings
  • Some people do not like the idea of purchasing metals online

With that said, you are probably wondering by now how to open a BullionVault account, and that is exactly what we will show you next.

14. How To Open A BullionVault Account


To open an account at BullionVault is an easy online process, which takes around 2 minutes. There are details to supply in the registration stage, and then the account needs to be funded (either by bank transfer or card payment).

All customers will have to validate their accounts within 2 weeks of registration. This is a legal requirement, though again can be done online and only takes a few minutes.

In addition, an investor may need to provide extra details or documentation for money laundering purposes.

Once the funds have been transferred into the investor’s BullionVault account, deals to buy and sell gold can be executed via its online trading screen. With a single click, you can buy gold and silver bars.

Customers can also post bids and offers on the trading system, allowing them to trade ‘the right side of the spread’, almost unique in the market.

Here is a breakdown of the 4 simple steps to open a BullionVault account:

  1. Register
  2. Transfer funds from your bank
  3. Buy your bullion
  4. Validate your account

This is how the registration form looks like:


 
Protect your assets with a bullion investment
 

14.1 Customer Service


BullionVault has associates ready to answer any questions you may have or help you with account-related issues. The Company’s normal business hours are:

Monday to Friday: 9:00 am to 8:30 pm (U.K.)

If you need any assistance, you can call BullionVault at +44 (0)20 8600 0130 or 1-888-908-2858 (U.S. and Canada toll-free) or send an email to support@BullionVault.com.

15. BullionVault Review (2021) Verdict


BullionVault - The simplest, safest & cheapest way to buy gold online

Is BullionVault The Best Online Gold Dealer?

Yes, we think so, based on the fact that BullionVault is one of the largest online bullion dealers in the world. Better yet, the Company is taking care of $3 billion for more than 90,000 users, which adds credibility and trust to the equation.

You can always buy and trade (or hold) BullionVault’s gold, silver, and platinum for the cheapest prices in the market. And you can trust that your investment is safely stored in secure vaults in Zurich, London, Toronto, Singapore, or New York.

More importantly, the fact that BullionVault is an online worldwide precious metals dealer makes it accessible to everyone.

Individuals can easily invest in gold, silver, and platinum through BullionVault. Moreover, they can buy metals using several international currencies in order to get the most affordable gold and silver prices.

Even that BullionVault is an online gold and silver trading company, they always have experts ready to help you out if you have questions about your investment or how to open an account.

To summarize our BullionVault review (2021), we want to highlight the fact that the Company has excellent customer reviews and is seen as a trusted and respected online gold dealer, which has served its customers since 2005.

What is more, BullionVault is partially owned by the World Gold Council, and as a result, customers have direct access to the professional bullion market.

We would say that BullionVault is the ideal precious metals dealer for individuals, as well as professional gold and silver traders. The Company offers the absolute lowest costs for buying, selling, and storing gold and silver.

Haven’t opened an account yet?

What are you waiting for? Click here to start a BullionVault account!
 
Protect your assets with a bullion investment
 
Follow the money! Billionaires have a lot of it and you shouldn’t lose out!

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Please feel free to reach out if you have any questions about the content of this website. If you believe something is explained or reviewed incorrectly, please send us an email at info@howtoinvestgold.com.


Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase.
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