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BullionByPost Review

BullionByPost Review
  • Easy To Use?
  • Cost
  • Service
  • Time Needed
4.6

Bullion by Post is a precious metals trader headquartered in the UK that provides delivery or storage options for gold, silver, platinum, and palladium bars and coins. Customers can conduct business with BullionByPost either online or over the phone. The company also provides a brokerage service for deals of a more substantial scale.

Prices are calculated using the current live spot price of the metal and a premium accounting for the costs of manufacture, shipping, and insurance. This article will review BullionByPost to help you decide whether or not it’s for you. Firstly, here’s a short video explaining more about what they offer;

BullionByPost Background Information 

The company’s processes are basic and easy to follow. You first need to create an account with the company, which takes under five minutes to complete. It will then take you to the company’s website, where you will have the opportunity to select the metal that you would like to purchase.

Additionally, you may choose from various metals and pay the actual amount for each one. Hold the metal in the company’s possession, or have it brought to you.

Everything about BullionByPost is done in a professional and businesslike manner. You may also look at the timeliness of the delivery, the quality of the client feedback, and the company’s general foundations. Today, the company’s customer service is falling short according to some negative online reviews, but it’s something that can be fixed and could simply be due to the high demand for gold at this time.

BullionByPost Cost

BullionByPost is a service where dealers deliver precious metals from their warehouses to clients’ residences. The customers’ location and order size affect the shipping costs.

The BWP is a handy delivery method available to all customers to get your gold or silver. Direct interaction with a dealer is required for bullion purchases. To entice new customers, several retailers provide free delivery and other advantages.

It is possible to save money on bullion purchases in several different methods. Additionally, it’s possible to look for the most affordable pricing. You may also compare prices at various bullion dealers.

Cost Of Services

Sending gold or silver coins from one nation to another can be done through a “bullion post service.” Customers may transport their precious metals to a central location and have them stored until they are ready to be delivered to their final destination.

The fact that the Bullion Post Service has various benefits over other methods of transporting precious metals has contributed to its meteoric rise in popularity. For instance, sending packages through the mail is a riskier option than using this method. In addition to this, it is considerably quicker than delivering the items via a courier service.

Products and Services

BullionByPost sells many kinds of gold and silver coins, bars, and other valuable metals like platinum and palladium. All prices are fair, and the Best Price Guarantee backs up all products.

Silver

Silver is a precious commodity that has been utilized for thousands of years in various applications, including coinage and jewellery. Even in modern times, silver is highly valued for its aesthetic qualities and functional applications.

BullionByPost does not charge value-added tax on any of its silver coins, and many of its silver coins can be contributed to a self-invested personal pension plan (SIPP). The British Silver Britannia is minted by The Royal Mint and contains one troy ounce. In fact, 999 pure silver is the coin that is most sought after by investors who are interested in purchasing silver.

Gold

Investors may choose from a diverse selection of gold bars and coins to buy through BullionByPost. Gold bars are available in a range of weights, starting at one gram and going up to one kilogram. 

The one-ounce bar is by far the most common and widely purchased size. Gold coins come in various weights and sizes, including 1/10 ounce, 1/4 ounce, 1/2 ounce, and 1 ounce. You may also purchase them in various fractions of an ounce, such as 1/20 ounce and 1/10 ounce quantities.

Platinum and Palladium

Platinum and palladium are among the world’s most elusive precious metals. Customers at BullionByPost also frequently purchase these two things. Several items are available, from ETFs and mining equities to bars of platinum and palladium.

When it comes to investing, they assist you in choosing the ideal product for your portfolio, no matter how experienced you are. With a lengthy history of use, platinum and palladium are both important metals. It’s common to see platinum and palladium utilized in jewelry and timepieces. Due to their scarcity and great value, both metals are desirable investment assets.

Creating Your Account

When it comes to purchasing precious metals from BullionByPost, the process is rather straightforward. Generally, there are seven steps in the process:

1. Create a home account.

2. Add a product to the “Basket.”

3. Choose an option for the delivery of your package.

4. Choose your payment options. (Bank transfer, Debit Card, Credit Card)

5. Check on the status of your order and make any necessary adjustments.

6. Make your payment.

7. You have successfully received your order.

Payment Options

You don’t need to be concerned about the security of the payments because BBP offers the most convenient payment alternatives. Cards for debit and credit, as well as bank transfers, are the payment methods that can be used.

Your financial transactions and personal information will also remain protected from unauthorized third parties. Additionally, receiving and making payments for your items is a simple process.

Ensure you have everything in order if you want to place an order or sell something through BBP. Their regulations on refunds are quite stringent. The metal’s initial price is decreased without reason, and you must pay to receive a refund.

Delivery Methods

The delivery of BullionByPost’s wares are handled either by the UPS courier service or Royal Mail.  Customers have expressed dissatisfaction with Royal Mail on many occasions owing to the lack of identification checks or signatures required when delivering. Therefore, when you place an order with BBP in the future, it is recommended that you use the courier service provided by UPS.

If, after placing an order, you do not get information on any trafficking, you are strongly encouraged to get in touch with the support service. The evaluations left by customers show that they can easily track their packages after placing a purchase. A corporation that cares enough about its clients to keep track of their orders is a significant advantage.

Resource for Investors

BullionByPost is the best online company to buy and sell gold, silver, platinum, and palladium bullion coins and bars in the UK. They are known for their excellent customer service, reasonable rates, and various items.

Investors of all skill levels may benefit from the website’s wealth of knowledge, from novices to seasoned veterans. Additionally, they provide guides, articles, and resources, ranging from information on investing in precious metals to a history of gold as a medium of exchange.

Delivery and Storage

BullionByPost knows that client safety is one of their most important concerns, and they take this seriously. What’s more, they ensure the safety of all their gold and silver bullion goods by providing a variety of storage and delivery alternatives. All the items are kept in a warehouse with strict temperature control and completely insured.

To provide further comfort, they will provide full insurance protection for orders over £2,500. When delivering your product, they will utilize a courier service that provides security and tracking information. They also allow storing your belongings in one of their vaults in London, Zurich, or Singapore.

Pros and Cons of BullionByPost

Investing in precious metals with BullionByPost is a hassle-free option because you don’t need to go to a bank or an exchange to make the transaction. However, there are also a few dangers associated with it. The benefits and drawbacks of utilizing BullionByPost are provided here.

Pros

BullionByPost is a popular way of investing in gold and silver. You need to know their strengths to use them to your advantage as a customer.

  • The firm maintains consistent pricing
  • Creating an account is a breeze and can be done in a short amount of time
  • Quick delivery that includes the option of having your metal brought to your house
  • There is a high degree of dependability in the United Kingdom and throughout Europe
  • Easier to navigate web pages
  • Strong back-up and support crew
  • Buyback bundle
  • Easy checkout

Cons

Even though it offers services with substantial development opportunities, it does not have all of the essential information, which has led to a few strict regulations.

  • There are a limited number of goods available
  • Complaints from several customers if online reviews are to be believed
  • There are several weaknesses in their customer service
  • The firm offers no IRA services

Frequently Asked Questions

Is BullionByPost legitimate?

It is a legitimate business that can be found at its listed address and is run by publicly doxxed people. You may find the headquarters of BullionByPost in Birmingham in the United Kingdom. It is the property of Jewellery Quarter Bullion Limited (JQB Ltd), and for the past 12 years, it has been legitimately doing business in the United Kingdom.

The fact that the firm is also an authorized distributor for the Royal Mint contributes to the significant increase in its confidence among customers. Ratings from a variety of reputable websites can also assist in determining whether or not the site in question is a hoax.

Are there any hidden fees?

There are no covert fees associated with purchasing from BullionByPost. On the website, all prices are itemized, and the amount you pay matches what was described initially. You are notified of any price changes before completing the payment process.

What countries does BullionByPost serve?

BullionByPost can offer its services and wares to customers in various European Union nations. In addition to that, it serves the markets of the following nations:

  • Netherlands
  • Italy
  • United Kingdom
  • Ireland
  • United States
  • Greece
  • Spain
  • France

Does BullionByPost accept returns?

You can sell your precious metals to any business or organization that offers the highest price. However, if you change your mind and want to sell the bullion back to BullionByPost, you are free to do so.

BullionByPost Review

Most of BullionByPost’s customers are completely satisfied with their service, but it is prudent to prepare for the possibility of receiving some bad feedback.

SiteJabber

Customers have given Bullionbypost.co.uk an average rating of 4.61 stars out of 5, suggesting they are happy with their purchases. Bullionbypost.co.uk customers rave about the speed of their delivery, the quality of their silver Britannia, and the friendliness of the company’s staff. Additionally, bullionbypost.co.uk is the 7th most popular gold-related website in the UK.

Trustpilot

Bullion By Post has received a lot of positive comments on the website Trustpilot, a well-known platform that enables consumers to publish online testimonials and ratings of various businesses.  

The company has achieved an average level of customer satisfaction which is 91 percent, which indicates most consumers of Bullion By Post are delighted with the service they received.

eKomi

eKomi offers a feedback gathering and management solution that is impartial and open to public scrutiny. In general, eKomi compiles reviews from actual customers of various stores, products, and services.

The eKomi Gold Seal of Approval was given to Bullion By Post, indicative of customers being pleased with the service. This seal is equal to 4.8 stars and above in rating.

Conclusion

BullionByPost is a very well-established and reputable company for buying precious metals in the UK and internationally. Despite a few negative reviews their reputation is excellent they have a large customer base. Creating an account is easy and you could be buying your gold from them within minutes.

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