Jeremy Biberdorf
By: Jeremy Biberdorf
16 June, 2023

BullionVault Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
16 June, 2023

Disclosure

Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
BullionVault Logo

4.5/5

4.5 rating based on 5 ratings

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In a Nutshell: BullionVault is an innovative online platform that allows private investors to buy, sell, and store physical gold, silver, and platinum. Founded by Paul Tustain and backed by Augmentum Capital, BullionVault offers competitive commission rates and minimal storage fees, and operates under English property law.

The company is rated 4.7/5 stars on Trustpilot and provides an excellent option for individuals interested in precious metal investments.

Service TypeFees Promotion
Precious Metal InvestmentsCompetitive RatesYes - Reduced fees for new customers
Pros & Cons
Pros
  • Access to physical gold, silver, and platinum markets at competitive commission rates.
  • Low storage fees with secure vaults managed by professional vault operators.
  • User-friendly online platform with detailed price charts and market insights.
  • The Automatic Gold Investment Plan allows for systematic investments.
  • Excellent customer service with a comprehensive investment guide.
Cons
  • Charges for physical delivery of gold and silver.
  • Only bank and wire transfers are accepted; no credit card or digital wallet options.

What is BullionVault?

BullionVault is an online marketplace dedicated to facilitating the trading and investment of precious metals like gold, silver, and platinum for private investors. Founded by Paul Tustain and operated under Galmarley Ltd, it allows users to buy and sell physical bars of these metals, providing secure storage in renowned market vaults across cities like Zurich, London, New York, Toronto, and Singapore.

To cater to diverse investment preferences, BullionVault introduces the Automatic Gold Investment Plan, letting users automate gold investments based on a specific frequency and amount. Emphasizing transparency, the platform offers detailed price charts, insightful market data, and an exhaustive investment guide, ensuring its users are always well-informed.

Learn More About BullionVault

External BullionVault Reviews & Ratings

SiteRating
The Obvious Investor5 from 13,344 reviews
Tradewise Community4.9
Trustpilot4.7 from 2,242 reviews
Revenue Land4.7 from 1,720 reviews
Google Play4.5 from 1,254 reviews

Here are some reviews from traders who have experienced the platform firsthand:

“Bullionvault is undoubtedly the best place to buy gold and silver with narrow spreads and a reasonable level of commission. The ability to place conditional orders is a valuable feature which means that you don’t need to be watching the price all the time. There are two improvements that I can suggest: firstly the ability to move holdings between vaults without selling and buying again, and secondly the ability to transfer any amount of metal to another Bullionvault user without selling and sending cash.”
“Professional, knowledgable, articulate and pleasant representatives, quick to solve problems. Very easy process to buy bullion with full understanding of what it will cost and all of the transaction details. Everything moves along efficiently without confusion or frustrating delays.”
“BullionVault makes it easy to buy/sell bullion. Everything on their user friendly online platform. Fees/commissions are very competitive and the insured vault storage and daily offline audits give added confidence.”
“I started using BullionVault almost 4 years ago, as an absolute novice, and have nothing but praise for them. A reasonably priced, simple and completely secure way to buy and sell gold and other precious metals.Their website is very user-friendly and holds comprehensive information. On the few occasions I have contacted them, I have always had prompt replies by competent, professional individuals. Would definitely recommend!”

How Does BullionVault Work?

Opening an account with BullionVault is straightforward. Users can sign up online, providing some basic information. Once the account is set up, it needs to be funded through a bank transfer or a wire transfer using a standard bank form.

Once funded, users can purchase gold, silver, or platinum in grams. BullionVault gives its users the unique option to choose the location of their vault from a list of global locations, which are managed by professional vault operators and backed by comprehensive insurance.

For users interested in regular investments, BullionVault offers an Automatic Gold Investment Plan. This plan enables users to set up automatic purchases of gold at their chosen frequency and amount, providing a disciplined and hassle-free investment approach.

When it comes to selling, users can place a sale order on the platform’s live order board, getting access to competitive spot prices. This functionality allows users to control their pricing and maximizes the potential returns from their precious metal investments.

Who is BullionVault Best For?

BullionVault is primarily suitable for:

  • Private Investors: Individuals interested in investing in precious metals can access global gold, silver, and platinum markets conveniently through BullionVault. The platform’s low commission rates and competitive pricing make it an attractive choice for private investors.
  • Systematic Investors: With the Automatic Gold Investment Plan, BullionVault caters to investors who prefer regular and disciplined investments. This feature allows users to automate their precious metal purchases, helping them implement a systematic investment strategy.
  • Investors seeking Storage Solutions: BullionVault offers secure storage in professional market vaults across the globe. This service is particularly beneficial for investors who own physical gold, silver, or platinum bars but lack safe and insured storage facilities.

What are The Benefits?

Choosing BullionVault for precious metal investments offers several notable benefits:

  • Global Access: BullionVault provides access to global gold, silver, and platinum markets, offering a wide range of investment opportunities to users.
  • Competitive Pricing: With BullionVault, users can buy and sell precious metals at competitive spot prices. The platform’s live order board provides transparent pricing information, ensuring users get the best value for their investments.
  • Secure Storage: The platform provides professional-grade secure vaults for the storage of precious metals. The storage facilities are insured and managed by professional vault operators, offering peace of mind to users.
  • Automatic Investment Plan: BullionVault’s Automatic Gold Investment Plan allows users to set up regular gold purchases. This feature enables disciplined investing and can be a great way to accumulate gold over time.
  • Excellent Customer Service: BullionVault is known for its high-quality customer service. The platform provides a comprehensive investment guide, and the customer service team is always ready to assist users with their queries and concerns.

Key Features of BullionVault

BullionVault offers a range of features designed to make precious metal investments accessible and straightforward. Here are some of the key features that BullionVault offers:

  • Purchase of Precious Metals: BullionVault allows users to buy gold, silver, and platinum bars in grams. The platform offers a live order board where users can see real-time price charts and make informed purchase decisions.
  • Secure Storage: All the gold, silver, and platinum bars bought on BullionVault are stored in professional market vaults in Zurich, London, New York, Toronto, or Singapore. These vaults are managed by professional vault operators and are insured, providing a high level of security.
  • Automatic Gold Investment Plan: This feature allows users to automate their gold purchases. Users can choose the frequency and the amount of their investments, allowing them to implement a disciplined investment strategy.
  • Sale of Precious Metals: Users can place sale orders for their gold, silver, and platinum bars on BullionVault’s live order board. The platform provides real-time pricing information, helping users get competitive prices for their precious metals.
  • Customer Service: BullionVault is known for its excellent customer service. The platform offers a comprehensive investment guide, and the customer service team is readily available to assist users with any issues or concerns.

Limitations of BullionVault

Despite its numerous benefits, BullionVault does have some limitations:

Physical Delivery Charges: While BullionVault primarily operates as a platform for buying, selling, and storing precious metals, it does offer physical delivery of gold and silver. However, the charges for physical delivery can be quite high, which might deter some users.

Limited Payment Options: Currently, BullionVault only accepts bank transfers and wire transfers for account funding. It does not accept credit card payments or digital wallet transfers, which might be inconvenient for some users.

Storage and Insurance Fees: While BullionVault offers low storage fees, there is a cost involved in storing precious metals in their professional vaults. Additionally, there are insurance costs associated with the storage of these metals. Users should factor in these costs when considering their overall investment.

Trustpilot Reviews: Testimony of Superior Service

BullionVault has an impressive average rating of 4.7 out of 5 stars on Trustpilot, testifying to high user satisfaction across its offerings. Many users have praised the platform’s ease of use, security, and excellent customer service.

Why Invest in Precious Metals?

Investing in precious metals like gold, silver, and platinum can offer a range of benefits to your portfolio. Here’s why you might consider making these assets a part of your investment strategy:

  • Diversification: Precious metals are often viewed as “safe haven” assets because their price does not typically move with the stock market. This means they can help to spread risk and stabilize your portfolio during periods of market volatility or economic downturns.
  • Inflation Hedge: Over time, gold, in particular, has been seen as a reliable hedge against inflation. When the purchasing power of currency declines, the value of gold often rises. This makes it a useful asset to hold during times of high inflation.
  • Tangible Asset: Unlike stocks or bonds, precious metals are tangible assets. This means you can physically hold and store your investment. Some investors appreciate this tangible aspect of precious metal investment.
  • High Demand: Precious metals like gold and silver are in high demand due to their myriad uses in various industries, including electronics, medical applications, and even space exploration. This demand helps to underpin their value over the long term.
  • Limited Supply: Precious metals are finite resources. The limited supply, particularly for metals like gold and platinum, can help to drive up the price over time as demand for these resources continues to grow.
  • Wealth Preservation: Precious metals have maintained their value over long periods of time, making them a good choice for preserving wealth. This is particularly true for gold, which has been used as a store of value for thousands of years.
  • Global Market: The market for precious metals is truly global, which means you can buy or sell these assets anywhere in the world. This is advantageous for those looking to invest internationally.

While precious metals can offer several advantages, they should be used as part of a diversified portfolio. Like any investment, they can go down as well as up in value, so it’s essential to do your research and consider your financial goals and risk tolerance before investing.

Platforms like BullionVault can make it easier to start investing in precious metals, providing a straightforward way to buy, sell, and securely store these assets.

Final Thoughts

BullionVault provides a unique blend of features that makes it a compelling choice for anyone interested in investing in precious metals. Its competitive pricing, secure storage options, and excellent customer service make it stand out in the field of online precious metal trading platforms.

Despite a few limitations, such as physical delivery charges and limited payment options, BullionVault’s overall offerings make it a worthwhile service for anyone looking to invest in gold, silver, or platinum.

Click here to get started with BullionVault today.

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.