Bullion Vault is a trading platform that gives private investors around the world access to professional bullion markets. Read our Bullion Vault review to learn more about how it works.
What is Bullion Vault?
Bullion Vault claims to be the world’s largest online gold investment service. Using Bullion Vault, private investors can buy gold, silver, and platinum from some of the world’s largest bullion markets.
The company claims to be taking care of $2 billion+ worth of bullion for 65,000 clients. The platform, found online at BullionVault.com, is owned by both GBIT and Augmentum Capital. Bullion Vault is based in London, UK.
When you buy Bullion Vault, your gold is stored in professional-market vaults in Zurich, London, New York, Toronto, or Singapore. You can choose where your gold is located. Because of the size of Bullion Vault, clients benefit from low storage costs and powerful insurance protection.
Overall, Bullion Vault wants to make it easy for anyone to buy gold, silver, and platinum bullion online at the lowest possible price. You enjoy low prices thanks to a peer-to-peer marketplace. Bullion Vault connects you with buyers and sellers worldwide through a secure marketplace.
Bullion Vault Features
Bullion Vault advertises all of the following features:
Buy in Multiple Currencies: You can purchase gold, silver, or platinum bullion in a variety of currencies, including GBP, USD, EUR, and JPY. That means you can avoid the costs of currency transactions.
Daily Audits: Bullion Vault claims to be the only bullion business that publishes a daily audit online. That audit explicitly reconciles your gold, silver, and platinum to formal third-party bar lists.
High-Security Vaults: Your bullion is held at high-security vaults in London, Toronto, New York, Singapore, or Zurich. Clients get to choose where they purchase their bullion.
You Own your Bullion: Bullion Vault doesn’t list your bullion under its assets. You own your bullion outright. It’s your legal property. BullionVault only deals in allocated gold, silver, and platinum, and they do not deal with unallocated bullion.
Investment Grade Bullion: The bullion is investment-grade, which means it can be traded on the world’s professional bullion markets.
Wholesale Storage Rates: As a large bullion market, BullionVault claims to offer wholesale storage rates. You pay 0.12% per year for gold storage. For comparison, most ETFs charge 0.4% for an annual management fee.
Set your Own Price with P2P Sales: You can sell bullion directly with other users, setting your own price and cutting out the middleman.
24/7 Exchange: Bullion Vault claims to be the only place in the world where you can buy or sell gold, silver, or platinum 24 hours a day, 7 days a week, 365 days a year.
Multiple Sizes Available: Bullion Vault has 65,000 clients. Some of those clients invest just $100. Others have invested $8 million. BullionVault accommodates investors of all sizes.
Low Exchange Rates: BullionVault charges a maximum of 0.50% when buying or selling gold, silver, or platinum through their exchange. If you’re buying or selling more than $75,000, you qualify for volume exchange discounts.
Instant Settlements: When you want to sell your bullion, you enjoy instant settlements. BullionVault claims that most withdrawals are deposited in a client’s bank account by the next day.
Overall, one of the advantages of Bullion Vault is that you’re dealing with the world’s biggest online bullion market. The company manages $2 billion of bullion and assets, including about $1.3 billion worth of gold. That’s more than the gold reserves of many countries.
About Bullion Vault
Bullion Vault is owned by Galmarley Limited. That company is based in London, UK. Galmarley Limited was founded in 2003. Between 2003 and 2005, the company created its own trading software. By 2005, Galmarley Limited was ready to launch its platform online. They called the platform BullionVault.
The company earns money from four sources: commissions, custody fees, interest receipts, and the difference between the buying and selling prices of gold (the “trading turn”).
Today, BullionVault has over 65,000 clients with a collective $2 billion in stored bullion.
Key members of the team include Chairman Paul Tustain, Chief Executive Robert Glynne, Director Greg Lockwood, and Director Tim Levene. You can learn more biographical details about each member of the team here.
You can contact BullionVault by email at [email protected] Alternatively, they’re available by phone at 1-888-908-2858 (US and Canada) or UK/internationally at +44 (0) 20 8600 0130.
How to Start Trading with Bullion Vault
Bullion Vault is available online at BullionVault.com. You can visit the website to open a free account and begin demo trading.
To start trading real bullion, you’ll need to make a bank transfer to your account. Then, you can use the live order board to buy gold, silver, or platinum bullion. To verify your purchase, you’ll need to validate your account by uploading a photo ID and bank statement.
Alternatively, you can download BullionVault mobile apps for iOS and Android. The apps are available for free from the iTunes App Store and the Google Play Store.
Bullion Vault Conclusion
Bullion Vault is a gold, silver, and platinum bullion exchange founded in 2005. The exchange offers peer-to-peer trading through an online marketplace. You can access that marketplace through your browser, or through mobile apps available for iOS and Android. The company claims to hold over $2 billion USD worth of bullion for clients. When you purchase bullion from Bullion Vault, you own that bullion outright. It’s held in allocated storage in Singapore, Toronto, London, New York, or Zurich. You can even choose in which city your bullion is stored.
Ultimately, Bullion Vault is a large and reputable bullion dealer that offers low prices, low storage fees, and easy online trading.