Today we take a look at a company named BullionVault. What is BullionVault? Is it a scam or a legit company? Will it be something for you or not? These are some of the questions we always try to answer and this review will be no different. Ok, here we go!
Owner: Galmarley Limited
Price: Free to open an account.
Who is it for: Investors of all levels (from complete beginners to experienced)
Overall rating: (4.7 / 5)
Important to mention before we go into more details of this review:
We always strongly recommend to do your research online before you choose a company to invest with. There are so many reviews online of clients being ripped of and scammed. The most common way people are getting scammed are through so-called “hidden-fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on BullionVault!
What is BullionVault about?
Bullion Vault was founded in 2003 and got more than 65,000 (active) clients, from over 175 countries, holding approximately $2 billion in stored bullion.
Worth to mention is that the clients of the company together holds much larger reserves than most of the world´s central banks with more than 37 tons of gold and 500 tons of silver bullion’s.
The “slogan” of the company is to operate the world’s most cost-effective, secure and accessible market in professional grade bullion and that can also be an explanation for its popularity worldwide.
As it used to be very difficult for private persons to find a simple and safe way that also is cost effective to buy, store and also selling gold, silver and other precious metals.
This process is made easy with BullionVault.
How Does it Work?
It is very easy to get started with BullionVault, first of all, you need to create your free account.
Then you just get going, click around on the website and most things will be very clear and easy to understand.
If you, later on, want to start investing you need to, first of all, validate your identity and then found your account.
As I have made reviews on many of the top similar gold investing companies lately I am very glad to announce that this particular one doesn’t have any minimum deposit limit. As a matter of fact, this company allows you to invest with ANY amount you prefer.
So if you just want to try out the process and see how it works it can be done with an investment of as little as $1 if you like.
Important to mention: Most of the promotions you will find do have a free gift in the form of money or free gold, it is, of course, no big amounts but a nice gesture anyway.
Do you want FREE money??
I just created my account and I got free money just for creating it! So this means I can start buying and selling without even have to deposit any of my own money… This of course means, that you can too!
So, as you might already figure out the products you can buy and sell is gold but also silver and platinum bullion.
You can buy and sell separately whenever you want but you can also make an investment plan:
Gold Investment plans
There is also a function that allows you to buy gold regularly with minimum effort possible from your side as you can put this particular feature on auto-pilot mode.
Once it is set-up, you simply make regular deposits into your bullion vault account and the money will be used to buy gold into your account automatically. There is no need to place orders yourself or deal directly in the markets.
You can set up a monthly automatic payment (or standing order) from your bank account and build up your savings in the most secure investment there is gold.
This plan works only for gold, you pay money in regularly (standing order) and whenever the balance is at least $100 or more (or currency equivalent) then the system uses all of the funds available and places a buy order for gold in Zurich.
It does not work for every vault and it applies only to gold.
You also have to enable that option in SETTINGS.
Important to mention: You can stop making deposits or sell your bullion and/or withdraw at any time, without notice.
Does the company offer gold IRAs? No, it is not an IRA custodian but they offer a way of funding purchases using IRA funds. More info about that on the website.
Important to mention: If IRAs is something you are looking for then I would strongly recommend that you take a look at another great similar company that I made a review on recently. It has a very good IRA service. Click here to see that one.
Can you get the gold delivered to your home?
Yes, you can, as it is your property and you have the right to withdraw it if you want to do that you can and get the gold in the form of a Pamp Fortuna bar.
Important to mention: Most of the BullionVault users prefer to keep their bullion safely inside any of the different vaults as their gold is fully insured at the lowest cost and it is also ready to be sold instantly at maximum value 24/7, 365 days per year.
Can you store your investment with the company?
Yes, as mentioned above this is the most common way to keep the gold for clients of the company if they don´t want bars delivered to their home.
The main nature of the business is to give you access to an online exchange platform (The Live Order Board) via which you can buy professional, allocated gold, silver, and platinum and then vault it in an accredited location (where the metal is also insured).
What you therefore get is a way for you of buying the physical metal as a form of protection. And because this is a physical vaulted product it provides better protection than coins or small retail bars that you keep at home.
Can you sell the gold back to the company?
You can sell your gold (or other precious metals) at any time inside BullionVault.
You can either sell back via the platform to other BullionVault users or you sell for the Daily London Price.
Can anybody in any country invest?
Yes, anyone in any country can sign up and become a client and use all of the services.
Is Bullion Vault a scam?
So, is BullionVault a scam or a legit company? It is legit of course, if it wasn´t there is no way it would have survived this long. It also got a real physical address and real owners so there is no doubt about its legacy.
Its huge amount of happy members worldwide are happy for a reason, it is a great legit company.
How´s the support?
Compared to similar sites the support of BullionVault is top notch. First of all, everything is very clear and easy to understand from the start on the site, there is also an FAQ (frequently asked questions) section, support e-mail address, etc.
I especially like the live chat function where you will get help right away if there is anything you are not sure of.
(See screenshot below)
Why should you (or should not) invest with Bullion Vault?
In this subject, I always like to put a warning to people that are planning to invest money they need for groceries… This time I am going to do the same but this time is also a little different as you can deposit any amount you want and don´t need to fill out any minimum deposit requirements.
However, even if you start off by “trying the system” with a small deposit I would recommend that you, later on, make (at least) an overall investment of $2,000.
Why? Well because the minimum monthly storage charge is $4 for gold and $8 for silver so if you invest to small of the amount your investment growth might not be desirable.
Final words and verdict on Bullion Vault
Overall rating: (5 / 5)
Ok, I think I have made my point pretty clear on this company, it is a buy, store and sell precious metals company that you can feel safe using, it is also the leading one in its market and completely legit.
I especially like the fact that there are no minimum deposit requirements to start using it as it can benefit everyone, including beginners and also people that might don´t have a big capital to invest right now.
I hope you found this short review of BullionVault to be helpful and now you should have a better understanding of what it is and that it is not a scam.
If you are an existing (or former) client please share your experience below as it can be helpful for others.
Also, if you got any questions about this review I will be more than happy to answer them below.
I wish you success!
Founder of: Gold Retired
[Photo/screenshot credit: BullionVault]