Thursday , 28 March 2024

BullionVault Has 43,000 Customers: Now They’ve Cut Their Fee By 37.5% So You Will Buy From Them Too! (+2K Views)

I believe it is important to mitigate the risk of loss with your physical bullion by diversifying the locations where you hold it.  To this end, I think it is wise to have some bullion on your property, some in secure storage off site, a portion stored with an ETF like CEF and ideally at some stored at a location overseas. In order to obtain the overseas diversification, I [recommend BullionVault  because, while their 43,000 customers have already done business with them at some of the lowest costs available, they have just reduced their initial commission fee by 37.5% – from 0.8% to just 0.5%! Let me explain further some of the advantages of doing business with Bullionvault.] Words: 796

So says Jason Hamlin (www.goldstockbull.com) in edited excerpts from his original article* entitled BullionVault Lowers Commissions, Cheapest Way to Buy Gold and Silver.

Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), may have edited the article below to some degree for length and clarity – see Editor’s Note at the bottom of the page for details. This paragraph must be included in any article re-posting to avoid copyright infringement.

Hamlin goes on to say, in part:

One of BullionVault’s major advantages is that they offer one of the lowest-cost methods of ownership. This is possible because your gold is stored in large (400 oz) “good delivery” bars, the same bars held and traded by the largest bullion dealers, bullion banks and government agencies. Storage in these larger bars allows for lower costs of ownership, yet you don’t need to come up with $400,000 to buy one. You can buy just a small portion of one of these bars, down to just one gram of gold ($30).

Your gold is stored with VIA MAT, which is privately owned, based in Switzerland and insulated from the risks of the banking industry. VIA MAT International is part of Mat Securitas Express AG, which is one of Europe’s largest and oldest armored transport and storage companies. With VIA MAT you can choose to have your gold held in Zurich, London or New York.

The gold is your outright property, as delivery has been taken and it is stored for you physically. Every day BullionVault publishes the complete register of all its gold owners on the Internet – with each owner listed under a public nickname known only to themselves. This register reconciles exactly to the official bar list published with it. The bar list is produced by the vault operator, independently of BullionVault.

Buying and selling is settled instantaneously and you can withdraw your money and have it sent straight back to your original funding bank account. This set up makes BullionVault ideal for those wanting to hold gold and gain the benefit of its price appreciation with a low cost of ownership. BullionVault is also ideal for active traders, as it allows you to choose to behave like a market professional and quote prices. This allows the true trader a potential negative cost per trade, through the opportunity to earn the spread.

Storage charges are down to wholesale rates of 0.12% annually ($4 per month minimum) with insurance included. That’s less than a tenth of the storage fees charged by retail banks, and less than one-third the annual fees charged by typical exchange-traded gold funds (ETFs). BullionVault customers also save money because they deal directly with each other, willing seller to willing buyer, by using the BullionVault order board, which is open 24 hours/7days week. The sign up process is quick, easy and not overly intrusive.

The online bullion exchange, which now cares for more than 1 million ounces of physical gold for its users, and which already counts more than 6,000 Americans amongst its 43,000 customers worldwide, has recruited Miguel Perez-Santalla – a 30-year veteran of the precious metals markets – to establish its New York office as Vice President for Business Development in the Americas.

The new rate cements BullionVault’s position as the stand-out offer to private savers and investors wanting to own or trade physical bullion. Its users currently own more than $2.2 billion-worth of gold and silver.

BullionVault founder and CEO Paul Tustain said: “The US is the most competitive market on Earth, so you have to be very good at what you do to be chosen by an American customer. BullionVault does gold and silver, and 6,000 Americans have chosen us even before we have a presence in the USA. Miguel’s job is to help show the next 60,000 what 6,000 already found out for themselves.”

Mr. Perez-Santalla said: “BullionVault is simply the best choice for physical gold and silver today. In my 30 years in the precious metals business, I’ve never known a service so cost effective, transparent or easy to use.”

Check out the video here for a quick introduction and explanation of how BullionVault works.

*http://www.goldstockbull.com/articles/bullionvault-lowers-commissions/ (Click here to get started buying and storing gold with Bullionvault. Hamlin uses the company personally and receives a small commission if you sign up using this link. Lorimer Wilson receives no compensation of any kind and provides this information only as a public service to the visitors to munKNEE.com)

Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.

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