Vaulted Review 2023 | Is Vaulted Right for Me?
If you are looking for a super simple way to invest in gold, the world’s premier precious metal, Vaulted could be a great option to consider. With Vaulted, you can count on reasonable transaction and storage fees and a high degree of transparency.
All in all, Vaulted may be a good option for people who would like to diversify their portfolios by buying gold, which is a classic hedge against downturns in equity markets. It’s also a good introduction to gold investing for beginners, thanks to its sleek and intuitive mobile app. Finally, it’s a solid option for gold investors who want a liquid investment that they can easily buy or sell without too much hassle.
While Vaulted is a top gold broker, how well does it align with your specific investment needs and preferences? Keep reading to learn more, including about how it works as well as its top features, pricing, and more.
External Vaulted Review & Ratings
|Apple App Store
|4.8 from 359 reviews
|4.7 from 234 reviews
Here are some reviews from traders who have experienced the platform firsthand:
“This is a great feature for buying gold. It allows you to dollar cost average your way to an ounce of gold. Easy and convenient.”
“Best way to own gold. The company is 50 years old but Vaulted is their sleek new offering. My advisor is very helpful (been in the business for decades!) Highly recommend.”
“I can buy gold simply with an automatic draw right out of my bank. I set it up to draw every two weeks and I don’t have to think about it.”
“Super user friendly. It is great to have access to gold, and my account at any time.”
How Does Vaulted Work?
Vaulted is pretty simple. It provides you with something akin to a brokerage account where you can buy, hold, and sell gold. Vaulted only sells real, Canadian-minted gold bars that are guaranteed and stored by the Royal Candian Vault. This means you get security and peace of mind with an insured and highly protected investment.
You can also request to have your gold bars shipped to your home or to a private vault if you prefer. Another neat feature is the ability to automate trades. This way you can dollar-cost average your way into holding more gold, or sell off your stash slowly over time if you’re so inclined.
Vaulted’s fees (covered more below) are pretty reasonable. The only real drawbacks to Vaulted are the inability to ship small amounts of gold as well as the inability to invest in gold in alternative ways (such as a gold-indexed ETF).
Vaulted provides various notable features that help set it apart from other online precious metals brokers, including the following:
- Royal Candian Mint backing – By purchasing gold bars minted, guaranteed, and then stored by the Royal Candian Mint, Vaulted ensures a legitimate product and service for its traders.
- Storage or shipping – The flexibility of being able to store with the Royal Canadian Mint or have your gold bars shipped to you or a private vault is a big plus. Unfortunately, you need to buy an ounce or more to ship to your own private vault or a safe deposit box.
- VaultPlan- In this day and age traders expect a lot of flexibility, and Vaulted’s VaultPlan provides the ability to purchase a set amount of gold up to two times per month. This kind of automated trading has become standard with many of the most innovative trading apps, so it’s a welcome addition from this leading gold broker.
- Reasonable fees – Many gold and precious metals brokers have high fees. Vaulted only charges a transaction fee per transaction and then a maintenance or shipping fee depending on if you’re holding your gold with the Royal Candian Mint or elsewhere.
- Liquidity – Physical gold can be less liquid than stocks and ETFs. This isn’t the case with Vaulted, though, as you can easily buy and sell gold through their app.
Vaulted Pricing & Fees
Vaulted has three types of fees to keep in mind. Here’s a quick breakdown:
- Transaction Fee | 1.8% deducted from the total value of each buy or sell order
- Maintenance Fee | 0.4% per year, deducted semi-annually
- Shipping Fees | Applicable for home delivery
Can I Store the Gold Myself?
Yes, you can certainly choose to store the gold you purchase through Vaulted yourself. Once you buy a kilo bar or smaller denominations, you have the option to take physical delivery of your gold. This means that you can choose to have it shipped to your home or to a private vault of your choosing.
However, there are a few things to consider if you decide to store the gold yourself:
Security: Gold is a valuable asset, and as such, it needs to be securely stored to prevent theft. You will need a safe or a secure location in your home to store it. Some people prefer to use a safe deposit box at a bank, but these often have additional costs associated with them.
Insurance: When your gold is stored with the Royal Canadian Mint, it’s fully insured. If you choose to store your gold at home, you might want to consider insuring it as well. Some homeowner’s insurance policies will cover precious metals, but you’ll need to check with your insurance provider to be sure.
Delivery Costs: When you choose to have your gold shipped, you will be responsible for the shipping and handling costs, which are passed on to you by Vaulted. These costs include handling fees from the Royal Canadian Mint, shipping charges from the delivery service, and insurance costs for transit.
Regulations: If your gold purchase was funded via ACH transfer, there’s a 60-day waiting period before any cash withdrawal or physical delivery requests can be processed due to the NACHA regulation.
Storing gold yourself can offer a sense of security and immediate access to your investment. However, it’s important to consider the above factors and ensure you’re equipped to properly store and insure your gold. If you have any questions or need assistance with these processes, you can always reach out to your Vaulted advisor.
Can I Use Vaulted for Retirement Accounts such as an IRA?
Vaulted does not support investment through retirement accounts like Individual Retirement Accounts (IRAs). Vaulted primarily provides a platform for buying, selling, and storing physical gold. This type of investment typically falls outside of the typical assets held within an IRA, which usually include things like stocks, bonds, mutual funds, and certain types of ETFs.
Investing in physical gold through an IRA is a specialized type of investment, typically known as a self-directed IRA. These types of accounts require a custodian that specializes in non-traditional assets such as physical gold. These custodians help investors navigate the specific IRS rules that apply to these investments.
If investing in gold within your retirement account is your priority, you may need to consider a gold IRA service specifically tailored for that purpose. There are numerous companies that offer this type of service and work with custodians who are familiar with the complexities of storing physical gold within an IRA.
Is Vaulted Easy to Use?
Ease of use is a significant factor when choosing any investment platform, and in this aspect, Vaulted excels. It provides an intuitive and user-friendly platform designed to make investing in gold as simple and convenient as possible.
On the first look, the Vaulted interface is clean and well-structured, free of clutter, making navigation effortless. This simplicity is crucial for both new investors who are just starting their journey in gold investments and seasoned investors who appreciate a streamlined, no-fuss platform.
Vaulted’s process of purchasing gold is straightforward. With just a few clicks, users can select the amount of gold they want to buy or sell, and transactions are completed quickly. The real-time updates on gold prices on the platform are a convenient feature, enabling users to make informed decisions about their investments.
One of the significant features of Vaulted is the automation of trades. Users can set up the VaultPlan to purchase a predetermined amount of gold at their preferred frequency. This feature makes investing regularly a breeze, and it’s particularly useful for those who want to dollar-cost average their gold investments.
Vaulted’s mobile application, available on both Android and iOS, mirrors the ease of use seen on their web platform. Users can manage their investments on the go, offering flexibility and ensuring that you can keep an eye on your portfolio anytime, anywhere.
Lastly, signing up for an account with Vaulted is a simple process. The platform requires some basic personal information and a linked bank account. Verification is usually swift, meaning users can start buying, selling, and storing gold in no time.
Is Vaulted a Reliable and Trustworthy Platform?
In short, yes, Vaulted is a reliable and trustworthy platform for those interested in investing in gold. The company takes numerous measures to ensure the safety and security of its customers’ investments, making it a dependable option for those new to gold investment or seasoned investors alike.
Here are a few reasons why Vaulted stands out as a reliable and trustworthy platform:
Real, Physical Gold: Vaulted only sells real, Canadian-minted gold bars. This ensures that you’re investing in a tangible and secure asset. The authenticity of each gold bar is guaranteed by the Royal Canadian Mint.
Secure Storage: Your gold is stored securely by the Royal Canadian Mint, one of the most secure facilities in the world. You can also choose to have your gold shipped to you or a private vault for added peace of mind.
Insurance: All the gold you buy through Vaulted is fully insured. This provides an extra layer of protection for your investment.
Transparent Fees: Vaulted is open about its fee structure. There are no hidden costs – just a clear transaction fee, maintenance fee, and shipping fee if you choose to have your gold delivered.
Excellent Customer Support: Vaulted provides support to its customers, ensuring that any concerns or queries are addressed promptly.
Clear Processes: From buying gold to requesting physical delivery, all of Vaulted’s processes are clearly outlined and easy to follow. This transparency enhances the platform’s trustworthiness.
What is the Minimum Investment?
The minimum investment for Vaulted remains extremely accessible to a broad range of investors. You can initiate your journey into gold investing with Vaulted for as low as $10.
The advantage of such a low minimum investment is that it allows investors to employ a dollar-cost averaging strategy, wherein they spread out their total investment over regular small purchases. This approach can help reduce the impact of market volatility on the overall investment.
Given the affordability of the minimum investment, Vaulted emerges as an excellent option for both novice investors taking their first steps in the realm of gold investing and seasoned investors looking to diversify their portfolios.
Can I Buy Other Precious Metals?
As of now, Vaulted primarily deals with gold investments, offering users the ability to buy, sell, and store physical gold. However, if you’re interested in diversifying your portfolio with other precious metals, there’s good news on the horizon.
Vaulted has recognized the demand for investment opportunities in other precious metals such as silver, which is another popular choice among investors. In response, they’ve announced that they will be introducing silver to their platform soon. This is an exciting development for those looking to broaden their precious metals portfolio beyond just gold.
To ensure that interested customers are the first to know when silver becomes available for purchase on the platform, Vaulted has created a waitlist. By signing up for this waitlist, you can receive updates and be among the first to invest in silver when the option becomes available.
As the world of precious metal investment continues to evolve, it’s encouraging to see Vaulted planning to expand its services to meet the diverse investment needs of its customers. Remember to stay in touch with Vaulted’s customer service or regularly check their website for updates regarding the availability of silver or other precious metals.
Is Vaulted Worth It?
Vaulted is an easy-to-use gold broker with a sleek app and lots to like. Your gold is always insured and can be carefully stored with the Royal Canadian Mint or in your own private vault or safe deposit box.
To check out Vaulted for yourself, click here to see how it aligns with what you’re looking for in an online gold broker.