Today we review Bullion By Post for you. Is it a good company? Is Bullion By Post a Scam or a legit gold dealer? Is it an alternative for you, or should you look elsewhere? These are some of the questions this short review will answer!
Company: Bullion By Post
Owner: Jewellery Quarter Bullion Limited (JQB Ltd)
Price: Depends on your investment
Who is it for Precious metals investors
Overall rating: (3.5 / 5)
Important to mention before we go into more details of this review:
We strongly recommend researching online before choosing a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people are getting scammed is through so-called “hidden-fees,” so please investigate thoroughly before deciding.
With that being said, let´s continue with the review on Bullion By Post!
Deciding which company you will buy the metal from might be a bit “tricky” because various service providers are available in the industry. We understand selection can get tough, and that is why we have a complete review of Bullion By Post to help you decide whether it will be the right choice for you or not.
What is Bullion By Post?
Bullion By Post was founded back in 2009. It is a pretty well-known company that has been providing services ever since. They deal with precious metals in the form of coins and bullion. Their headquarter is in Birmingham, West Midlands. They provide you with different options. You can easily select the most comfortable metal or get the service of your choice.
They have various options for the weight and types of metals available, making it easier to select the one you can manage in savings or budget. Even if you do not have a lot of money to invest, you can still have an investment opportunity from Bullion By Post. Bullion By Post gives everyone an equal chance to invest in precious metals.
How does it work?
You might have been wondering how the entire process of Bullion By Post works. There are no confusing steps or other issues you will have to deal with during the process. They have a simple process through which you have to select the metal, its weight, and the types of services you would like to have.
After that, you have to pay the price of the metal you have bought and become the asset owner. You can keep the metal with you for as long as you like.
You decide to make that when you plan to sell the metal, which can be within a few years or months.
You can sell the metal back to Bullion By Post or any other retailer you want who would provide you with the opportunity to get a higher value. There are no limitations or restrictions that you will have to deal with.
Products and services offered.
They have different types of products and services available. You can get coins and bars in silver or gold of any weight.
There is no info on their website on IRAs.
**Click here to see our Top #5 List of Recommended IRA Providers (worldwide service)
You will have to pay the original price of the metal displayed on the Bullion By Post website. However, if you plan to keep your metals in the account at Bullion By Post, you will have to pay an additional £10.00 per month.
Can you get the metals delivered home?
Yes, you can have the precious metals delivered to your home anytime.
Can you store with the company?
Yes, you can.
You can store the metals with the company regardless of their worth at a reasonable price.
Can you sell back to the company?
Yes, you can easily sell back to the company at the metal’s market price. If you want, you can allow the buyers to fix the rate.
I found a complaint on this subject that you might want to take a look at (see screenshot below):
Complaint source: Trustpilot website
What countries are allowed?
Bullion By Post provides the services in different countries of Europa like Austria, Belgium, Sweden, France, etc.
If you are living in a country outside the EU (European Union), then this is an exact excerpt from their website on this subject:
At BullionByPost, we deliver most of our orders to EU member states, but occasionally we do receive orders from European countries that are not EU members. This works almost the same as our usual shipments. Customers still receive the same fast, insured delivery. Still, orders from within these countries may be subject to VAT, duties, taxes or other levies, depending on the laws of that country or specific regions.
Please be aware that we have no control or influence over tariffs or import duties. Individual sovereign nations or regional authorities set these taxes within them.
We do not charge VAT at the point of sale for orders from non-EU states. Charges are applied, if necessary, on the arrival of your order to your country’s customs department. The recipient of the bullion is responsible for charges applicable to the shipment, and they may be contacted by customs requesting payment of these duties or tariffs.
We recommend researching your country’s import rules before ordering from us. Don’t hesitate to contact a local customs broker for more information on duty and tax rates if you are unsure whether you have any fees to pay. If a customer refuses to pay a required customs charge, then they will be liable for any metal movement and shipping costs back to our parent company JQB in the UK.
Do they have good support?
Something I always put a lot of weight on when it comes to the quality of a company’s support system is whether they got a live chat function. Does BBP have this? No, they don´t, which is a minus (at least in my book).
They do have e-mail and phone support.
Important to mention:
There are some complaints about their customer service (more about that further down)
Is Bullion By Post a Scam?
So, is Bullion By Post a Scam? No, of course not. It is a legit gold dealer. They got a real physical address and real owners. They have been in business since 2009, and the odds of surviving this long if they were a scam are not very likely. 2009 might not be a very long time in this industry. However, the company is not like other more traditional ones as their “specialty” is to send it to you by post to your home.
They are also listed as an authorized distributor of the Royal Mint.
However, if they are your best alternative out, there is another story, and that leads us to what the most well-known and trusted review and rating sites have to say:
Online reviews, ratings, and complaints on Bullion By Post:
What is always recommended before you make any decisions is to look at what some of the most well-known and trusted review and rating sites have to say about the particular company you are interested in. As always in our reviews, we provide you with their results (with clickable links) to make this task more convenient for you:
Rating: (4 / 5) (out of 42 reviews) click here for details (opens in new window)
Any red flags?
Even if most client testimonials are positive, nothing from the BBB, nothing from Trustlink, and nothing from Yelp. I find that a bit strange. I did find reviews from other sources, but (as always) I only pick the ones from the most well-known and trusted sources.
Some complaints are also pretty serious below I provide you with some that you might want to see:
Below is another complaint in the form of an exact excerpt from a “not so happy” client and his warning to you:
Watch out for yourselves
Yes, the delivery is quick. But its what goes on behind your back that matters. Did you realise that in effect as far as they are concerned we are all criminals, and as a consequence our credit rating is checked. You might think this is nothing, but when approached about this, they make excuses and point to their requirment to do due dilligence, as if they have no discretion about it. But they do have discretion, as the rule they are pointing to in defense of their action, basically this is something of what I wrote to them;
“Its interesting to note that despite having a list of conditions such as due diligence should be carried out with transactions of 15,000 Euro’s or more, or should be carried out when there are linked payments – that is the transaction paid with small amounts of money from different places. It then goes on to completely blow those rules away with Enhanced Due Diligence. With Enhanced Due Diligence a business can now basically check anything, for example payments below 15,000 Euro’s.”
I did not make small payments, nor did I purchase over 15,000 euros of bullion – far from it. They did not reply. I dont think they bother with preceding rules. They go straight to enhanced due diligence, and that’s that.
Important to mention! (better alternatives?)
Suppose you are looking for a more discrete, more anonymous, and “tax beneficial” alternative. In that case, you might want to look at other alternatives, below are 2 obvious ones I trust a lot more when it comes to gold and silver purchases online:
** See our #1 recommended place for “smaller” purchases of QUALITY gold & silver on this page
** See our (FULLY insured) #1 recommendation to trade between physical Gold and Bitcoin on this page
The Pros and Cons of BBP
Another thing that is always wise to do before you decide on if a company is right for you or not is to compare its positive sides against its negative ones to get a better overall view. We provide you with some clear points on both sides of the spectrum.
- You can buy, sell, or hold the metals anytime you like.
- You can get your precious metals delivered to you by post
- They do not have any services for digital currency or Bitcoin available
- They got a few serious complaints
- Their support is lacking
- Not the most “privacy friendly” alternative (see further up in review)
- Not an IRA custodian
Do You Own or Represent Bullion By Post?
If you are a representative or associate of Bullion By Post and have found something not to be correct in this review, please, feel free to tell, and I will make sure to update the info on this post. The easiest way to do it is in the comment section below, or else you get the e-mail on the about page.
Final words and verdict
Overall rating: (3.5 / 5)
Ok, I think that sums up the overall picture of this company pretty well. It is a legit one. If it is your best alternative, you have to decide for yourself.
Bullion By Post is an authentic and reliable platform where you can easily get the metals and services you need. You can sell your metals back also. The entire process of buying and selling is easy and user-friendly.
You made a wise decision to read this review, and you are a smart person. I am sure that you will find the right company that suits your particular needs!
What company do I recommend?
There are many ways to buy yourself gold online. We have reviewed over 90 companies on this website, and if you are interested in reading about a particular one, please search on our “search bar” here, and you will (most likely) find the company you are looking for is listed here.
However, the absolute #1 recommendation we have is the one you can see for yourself by following the link below:
Our #1 recommended place for “smaller” purchases of QUALITY gold & silver on this page
Our #1 recommendation to trade between physical Gold and Bitcoin on this page
I hope you found this review on Bullion By Post to be helpful, and now you should have a better understanding of what it is and if it is a scam or not. If you have used any of their services, share your experience in the comment section below, as it can help others. Also, if you got any questions about this review, I will be more than happy to answer them below!
I wish you the best!
founder of: Gold Retired