BullionVault Review 2023 – Easily Buy Gold & Silver In USA, UK & Canada

Investing in gold and silver has never been easier than with BullionVault, the largest online gold investment provider worldwide. Boasting more than £2.9 billion of Gold under management and over 100,000 clients – private investors have access to the professional bullion market at a fraction of the cost compared to traditional investments! With a quick sign-up process and streamlined trading platform, you can enjoy the lowest possible expenses for purchasing, selling, or holding your precious metal portfolio with BullionVault.

Furthermore, these bars are kept in secure vaults located in major cities such as London, Zurich, Toronto, Singapore, and New York. Clients benefit from the discounted storage fees that their company has secured; plus insurance is always included due to the size of their organization.

In this BullionVault review, you’ll discover everything you need to know about the platform – from its purpose and benefits to potential pitfalls. We’ve gathered all of the essential information for your convenience so you can make an informed decision on whether or not it’s right for you.

Why BullionVault?

BullionVault’s mission is to provide individual private investors with the safest, most cost-effective, and most convenient market for professional-grade gold and silver bullion.

Generally, BullionVault acts in this manner because:

1. BullionVault believes current governments and central banks lack fiscal responsibility.
2. With the progression of modern currencies and paper-based value systems, savers’ buying power in both local and global markets will be severely limited.
3. They are committed to lowering the barrier to entry of buying gold so that handling and storage costs are affordable even for smaller clients.

Responsibility

As the chairman of the board and majority shareholder, Paul Tustain holds himself accountable for organizing BullionVault’s system controls and effectively assigning tasks to his team.

For the optimum level of protection for its customers’ gold and cash reserves, Paul Tustain’s company not only keeps its own assets secure but also those held by its custodians. Furthermore, in order to give financial leeway for expansion plans, he has provided management bonds that are kept apart from clients’ possessions as a precautionary measure.

Unfortunately, these bonds cannot be refunded under any other circumstances except final liquidation when they will take priority after all other customer property is reimbursed first.

Here is a short video explaining more about the services they offer;

Who Owns BullionVault?

Since its establishment in 2005, BullionVault has become the go-to online bullion trading platform for gold and silver enthusiasts. Founded by Paul Tustain and originally based in London, UK, this company allows users to purchase, exchange or store physical precious metals with ease – making it an ideal choice for those looking to invest securely.

Bullion Vault is proud to have a wide array of esteemed banking partners and custodial vaults across the UK, USA, Canada, and Switzerland. Owned by Galmarley Ltd., an England-based corporation with over 100 thousand customers worldwide; Bullion Vault operates under close monitoring from both the Financial Conduct Authority (FCA) in Britain as well as HM Revenue & Customs (HMRC).

They now have businesses around the world, including USA, UK, and Canada.

Buy Physical Gold Bullion

BullionVault offers a convenient way for clients to buy and sell physical gold bullion and silver bullion online. The company provides secure storage for its customers’ precious metal investments in four locations, including London, New York, Toronto, and Zurich. The physical gold and silver is also insured against loss.

Gold bars are available in 1-gram, 10-gram, and 100-gram sizes. The company also offers kilogram bullion bars in gold and silver.

Bullion Vault provides customers with real-time spot market prices for physical assets in various currency including USD, GBP, and EUR, enabling them to make informed purchasing decisions. The company is committed to delivering the latest information on gold and silver bullion prices and guarantees price transparency to ensure clients receive the best possible price when buying or selling on the bullionvault.co.uk website. Trust Bullion Vault to give you the most up-to-date information for your purchasing decisions.

Buy Physical Silver

BullionVault offers various sizes of bullion bars, from 1-gram to 100-gram, as well as kilogram bullion bars in gold and silver, all of which are assayed for purity and authenticity by a third-party laboratory before delivery.

BullionVault Fees and Charges

BullionVault has fees and charges associated with precious metals trading, including bullion storage costs, transfer fees, withdrawal fees, and purchase/deposit fees. However, despite these fees, Bullion Vault provides a secure way to buy, sell, and store physical gold and silver online. Their site is well-regulated, has competitive prices, and offers a wide range of bullion products.

Store Physical Gold Bullion

BullionVault investments are securely stored in secure vaults located in London, New York, Toronto, and Zurich. The bullion is insured against loss or damage. Furthermore, bullionvault.com provides investors with the ability to access their bullion holdings at any time, as well as the option to sell assets at any time.

Bullion Vault also offers its customers the ability to buy and store gold bullion from different locations. This means that customers can trade gold and silver in one location and store them safely in another of their precious metal vaults.

BullionVault Gold Price

Gold and silver bullion prices are based on the live spot price, with one percent spread applied to it. Prices for gold and silver in US Dollars (USD), British Pounds Sterling (GBP) and Euro (EUR) currencies are available on the website thanks to the handy charts they offer.

Easily check the spot price of physical gold using their pricing charts (see below). You can also change the timeframe you wish to look at such as daily, weekly or yearly.

BullionVault Silver Price

The bullionvault.com website also provides silver prices in US Dollars (USD), British Pounds Sterling (GBP), and Euro (EUR). They offer a wide range of physical silver products, from 1-gram bars up to 1000-ounce bars.

Easily check the silver price on their website anytime to get live pricing on spot silver.

In addition to price charts for gold and silver, they also offer price charts for platinum and palladium. They, therefore, cover most precious metals on pricing and for purchase and storage of the same.

London bullion market association

BullionVault is a member of the London Bullion Market Association (LBMA). The LBMA is an international bullion market where members trade and settle bullion transactions. It also provides necessary assurance to bullion dealers, vault operators, refiners, investors, and consumers that the precious metals they are buying are genuine and of high purity.

How To Buy On BullionVault

Buying precious metals on bullionvault.co.uk is easy. To make a purchase, simply select the bullion you wish to purchase from the precious metals marketplace and enter your desired quantity and price in the trading window on the website. Once you have placed your order, it will be executed and shipped as soon as possible!

How To Sell On BullionVault

Selling gold and silver on bullionvault.co.uk is also easy. To sell assets, simply select the bullion you wish to sell from the marketplace and enter the amount and price you wish to buy. It will then be automatically executed on your behalf within minutes!

SIPPs – Gold Pension Funds

Precious metal assets purchased through BullionVault are eligible to be held in SIPPs (self-invested pension plans). This means that individuals who have a SIPP pension can buy assets from bullionvault.co.uk and hold them within their pension fund portfolio.

In order to do this, speak to one of the team at BullionVault who will be happy to assist you.

Alternatives To BullionVault

Continuing our BullionVault review, here are some alternatives that you may want to consider.

They include Money Metals Exchange, GoldMoney, and BullionStar. Each of these companies offers a different range of gold and silver to buy and sell. It is important to research each company before deciding which one is right for you.

Here are a few comparisons that may be helpful.

BullionVault Vs Goldmoney

GoldMoney is an online bullion storage and trading platform. They offer billions in gold, silver, and platinum. They also provide the ability to store assets securely with insured custody in multiple locations around the world.

GoldMoney fees are typically higher than BullionVault fees and their physical gold is not eligible for SIPP pension investing as they are with BullionVault.

BullionVault Vs Royal Mint

The Royal Mint offers physical precious metals in gold, silver, and platinum. Royal Mint products are typically more expensive than bullionvault.co.uk and they do not provide the same level of security or insured custody for stored precious metals as BullionVault does.

BullionVault Vs BullionStar

BullionStar is another competitor to BullionVault. As compared to Bullion Vault, BullionStar offers a more expansive selection of denominations; however, they do not provide the same level of security nor insured custody for stored precious metals as their competitor.

BullionVault Customer Service

BullionVault provides an exceptional customer service team to assist customers with all of their gold and silver investing needs as well as any questions they may have. They are available via telephone or email, and you can also chat online with them directly on the BullionVault website. Bullion Vault is committed to providing excellent customer service and answering all questions in a timely manner.

Useful Tools

bullionvault.com provides a range of useful tools to help customers make informed decisions when making an investment. These tools include charts, graphs, and other data to track the performance of assets over time as well as more detailed market analysis reports.

Investment Guides

bullionvault.com also provides useful investment guides to help customers understand the gold market and make informed when investing in precious metals. These guides include detailed information about gold and silver, how to buy them, and where to store them safely.

Guide To Gold Investing

They also provide a comprehensive guide to gold investing, which covers topics such as how to buy physical gold, how to store gold safely and securely, and how to use gold as an investment tool.

Guide To Silver Investing

In addition to resources for gold investing, their website also provides a comprehensive guide to buying silver , which covers topics such as how to buy physical silver, how to store it safely and securely, and how to use it as an investment tool.

Guide To Platinum Investing

Lastly, the website provides a comprehensive guide to platinum investing, which provides similar topics on how to buy and store Platinum.

Gold News Page

Here you will find a detailed gold news page that provides up-to-date information on gold markets around the world. The gold news page is updated regularly with reports from major bullion exchanges, analysis of market trends, and insights into how investors can take advantage of changing prices.

Charts Page

The bullionvault.co.uk Charts page is an invaluable resource for bullion investors, with detailed charts and graphs showing the price performance over time and in different markets. These charts are interactive and can be filtered by type, investment period, or even specific sources and exchanges, allowing users to gain valuable insights into past performance.

Becoming a Member of the BullionVault Customer Base

For customers to trade gold or silver with BullionVault, they are required to complete the following steps:

1. Create an account with BullionVault via their website. Fill out the online registration form on the website of BullionVault with your personal information.

2. Deposit into your BullionVault account. You can easily finance your BullionVault account by depositing money. Clients can deposit funds in Japanese Yen, British Pounds, Euros, or United States Dollars. It is also possible to send money through a direct wire transfer to a customer account held by BullionVault at Lloyds TSB in the United Kingdom.

3. Buy gold, silver, or platinum. You can submit an order once Bullion Vault has received your deposit.

4. Provide Identification. Fourteen days after funding your account you need to get verified. You may validate your account online by providing a copy of your ID and a current bank statement. Also, you can send BullionVault a bank-stamped document to verify your identity. Before verification, you can trade and deposit.

Pros & Cons of BullionVault

If you’re considering subscribing to Bullionvault services, you need to know what you’re paying for. To help you out, here is a review of some of their pros and cons:

Pros

• Gold purchases are tax-free
• For new customers, they give you a free 4g silver bar
• The insurance covers everything
• They have a lower selling or buying spread than most banks
• Ingots and coins are among the additional product options available
• Customers can request that their gold be moved to a new place
• You can have your gold delivered to your residence if you so choose
• It is one of the most cost-effective methods for when you store or buy gold bullion
• As one of the industry’s longest-standing websites, theirs is well-established and trustworthy
• It is convenient for traders to use an app provided by the company to manage your account
• Their prices for storage and commissions are minimal
• They are open and honest about their pricing and services
• Customers may contact them by email, live chat, or phone
• It is possible to select from various safe and worldwide storage options
• USD, EUR, JPY, and GPB are the four currencies offered for bullion trading at the company

Cons

Although it provides services with significant potential, it does not have all of the necessary information, resulting in a few limitations.

• Various transaction fees need to be considered. Some of these may be subject to negotiation though. There are also some penalty charges that may apply
• Only three metals may be purchased in coins or bars: gold, silver, and platinum

Safekeeping of Your Bullion

Your Bullion is given the highest level of security while it is stored in the vault. Here are some things you should know about item security.

1. It comes with insurance coverage.
2. Because it is subject to your chosen jurisdiction, you determine the kind of government and legal framework in which you have faith that it will safeguard your property.
3. Access to your account is safeguarded by cutting-edge encryption technology. BullionVault was built to tolerate account access being hacked while still ensuring the security of your assets.
4. Restrictions on the withdrawal of funds ensure that any money withdrawn from your account goes back to you and no one else.
5. You have the ability, at any moment, to monitor the data that BullionVault maintains to demonstrate that they have accurately assigned vaulted bullion to you.

Special Precautions Taken by BullionVault for Your Safety

Here are some special precautions in place at BullionVault to ensure your safety.

Feedback on Accounts

You have the right to depend on BullionVault to send emails to confirm any changes made to contact data. This also includes settings for the bank account linked to your account.

A breach of these commitments on the part of BullionVault, which results in a loss for you, is subject to Terms and Conditions. Generally, it will result in BullionVault being financially responsible to you for the loss.

Burglar Alarm

Customers must have a smartphone to utilize the Burglar Alarm service from BullionVault. You’ll receive notifications from them when you check in, when a transfer is asked, or if you’ve activated a reset password.

It also has to raise the Burglar Alarm notification and text message routing, which BullionVault does.

Such access can be reported at the time of the incident so that it can investigate and seek assistance from authorities in identifying crimes and arresting criminals.

The Nitty Gritty

OK, let’s get into the nitty gritty of this Bullionvault review.

You have various options when purchasing precious metals from BullionVault, based on your budget and the specifics of your search.

It’s important to note that the cost of buying coins is higher than that of bars. There are, however, a number of alternative ways of buying, including;

• Gold bars
• Gold coins
• Silver bars
• Platinum coins
• Platinum bars
• Silver coins

Investing in precious metals doesn’t have to require a large sum; the smallest amount purchasable is one gram. Whether you’re looking for 99.9% silver, 99.5% gold bars, or even 99.95% platinum – it’s all obtainable at an accessible rate with just one gram!

It’s important to keep in mind that BullionVault does not offer white gold, so if you desire it, then you’ll have to look somewhere else.

How Is Gold Taxed?

The taxation of gold depends on the jurisdiction in which it is held. In the United Kingdom, precious metals are exempt from Capital Gains Tax (CGT) but may be subject to Inheritance Tax (IHT). In other countries, tax legislation can vary and it may be subject to different taxes.

It’s important to discuss your unique tax situation with a qualified local advisor. This way, you can make sure that you receive accurate advice and planning tailored specifically to your needs.

BullionVault Reviews

BullionVault has a large number of satisfied consumers. When dealing with a well-known company with many customers, one should anticipate receiving a few negative reviews. 

Trustpilot

Trustpilot, a leading review platform, showcases the extensive satisfaction of BullionVault customers. An outstanding 95% approval rating from users demonstrates that an overwhelming amount of individuals are highly pleased with their experience utilizing this service provider (see image below).

However, the reviews on Trustpilot are written by average consumers and not specialists who have tried a higher number of items. Therefore, they should be taken with a grain of salt, just like any other review. Even so, there seem to be very few negatives reviews for BullionVault online, which is a very good sign.

SiteJabber

Consumers have rated BullionVault with only 1.5 stars out of five. This suggests that most customers are unhappy with the products they have purchased from the company, albeit it came from only 2 reviews. When compared to other gold sites, BullionVault comes in at position 68.

Reseller Ratings

Customers have high confidence in BullionVault since it is a trustworthy platform. BullionVault received a total of 3.69 stars from the reseller rating system, which had 19 reviews.

Frequently Asked Questions

The final part of our Bullionvault review is aimed at answering the most frequently asked questions.

Is BullionVault legit?

Founded in England and Wales under the business number 07400400, BullionVault has its headquarters in the United Kingdom. The company adheres to English property law and works with LBMA-approved vault and storage providers. 

It is totally up to you to decide whether you want to invest in BullionVault or not. Based on our review, you can determine if it meets your requirements. One of the advantages of using BullionVault is that it provides access to various informative materials and can help you gain a deeper understanding of precious metals.

Where is Bullion stored?

You get to decide which of the following vaults your Bullion is kept in, which might be one or more of the following locations:

• New York (USA)
• Toronto (Canada)
• Singapore
• Zurich (Switzerland)
• London (United Kingdom)

You can pick an offshore jurisdiction for storage if you want to store your assets in one of these locations. Additionally, they cover some of the most active bullion markets in the world.

Can I use a debit or credit card to make a purchase?

Debit cards can be used by people with bank accounts in the UK to make their first deposit. You must use a bank transfer when making larger initial and future deposits.

Because card processors demand greater fees for the usage of credit cards and cards issued in countries other than the UK, they cannot accept these types of cards. Retailers who offer products with large margins can bear these types of expenses. However, because of BullionVault’s low commission rates, this is not feasible for them. 

BV also does not acknowledge or accept prepaid cards because these cards are not linked to a specific bank account.

Is BullionVault A Scam?

No, bullionvault.com is not a scam. bullionvault.co.uk is an established bullion marketplace providing secure and reliable services for investors around the world. They are fully insured and regulated by the UK Financial Conduct Authority as well as other regulatory bodies in Europe, allowing investors to buy and store bullion safely, securely, and with confidence.

They are also a member of the London Bullion Market Association, further adding to its credibility. It is a highly reputable bullion marketplace and customers can be sure that their funds and investments are safe with bullionvault.co.uk!

Is BullionVault Secure?

Yes, BullionVault is a highly secure website. They are highly regarded as a secure precious metals dealer that carries out all transactions via their protected online platform. They also provide safe and insured storage options for customers who wish to store their holdings with them.

Moreover, BullionVault employs advanced security measures, such as the use of cryptographic protocols, to ensure that all customer data is secure.

Is BullionVault Allocated?

Yes, bullionvault.co.uk only offers products that are allocated and securely stored in its London storage facility.

All products bought through bullionvault.co.uk are registered to their owners and tracked through the vault safely and securely at all times. This ensures that investors always have access to their bullion and can easily verify their holdings at any time.

bullionvault.com also offers physical delivery of billions, allowing customers to have access to their assets in physical form if they wish, further adding to the security and reliability of bullion bought through their website.

Do They Deal in Physical Gold?

Bullionvault.co.uk is a premier provider of physical gold bullion, as well as other precious metals such as silver and platinum. Not only do they provide these assets to investors but also offer helpful guides designed to help them make informed decisions about their investments.

The website even features an array of charts and market analysis data that can be used by investors in order to gain powerful insights into the markets for more successful trading outcomes!

Who Is The Best Company To Buy Physical Gold From?

When buying precious metals, look no further than bullionvault.co.uk – they are one of the most reliable businesses around to purchase physical gold! You can rest easy knowing that you and your investments are secure with their London storage facility as well as their market analysis tools to help guide customer through purchases or sales decisions.

With years of success under their belt, it’s crystal clear why so many choose BullionVault when they need a trusted hand managing those valuable assets!

Is Gold A Good Investment?

Of course, this all depends on when you buy and sell gold! Some people make money whilst others lose – such is the nature of fluctuating markets!

Broadly speaking though, gold bullion is a great investment as it is seen as a safe-haven asset and has been historically known to hold its value in times of economic uncertainty.

Gold investments have stood the test of time, preserving their value even when other investments have experienced losses. Gold assets are also highly liquid and can be easily converted into cash if needed.

Gold Investing is also a great way to diversify an investment portfolio, providing investors with additional security and stability in their investments. bullionvault.com is an excellent platform for bullion investing and provides comprehensive market analysis data to help customer make informed decisions when buying or selling gold.

BullionVault Review: Conclusion

BullionVault is an online marketplace providing a secure, insured, and reliable way to buy, store, and trade precious metals. BullionVault offers a wide range of products from gold to silver and platinum, as well as comprehensive investment guides, charts, and other market analysis data. They also offer an excellent customer service team, a gold news page, and more. For gold investors looking for a reliable, secure, and affordable bullion marketplace, BullionVault is an excellent choice.

We hope you enjoyed this BullionVault review. You can visit their website here – https://www.bullionvault.com/

If you enjoyed this review then make sure you also check out our Birch Gold Group review, our BullionByPost review, and our Elements United review.