Established in the year 2005, BullionVault is a UK-based online bullion exchange that is into sales of silver and gold bullion products to individual investors. More like a one-stop-shop for all your silver bullion investment needs, the company also offers onshore and offshore bullion storage facilities to both individual and corporate investors. Purchasing gold and silver bullion from BullionVault can be great if you are looking at a tax-free and convenient method for investing in tangible silver or gold.
At BullionVault.com, you are guaranteed authentic silver bullion that can be shipped to you wherever you are, or can be stored at the exclusive client-storage facilities of the company.
BullionVault is an online bullion-exchange, which means you can purchase precious metals like gold and silver round the clock. The secure payment, storage and shipping options offered by the company also make it the preferred bullion dealer for professional bullion traders. Managing more than $1.6 billion worth of gold, as well as silver bullion, BullionVault is considered as the largest bullion market online. It is also associated with the World Gold Council, the London Bullion Market Association and holds the Queen’s Award for Enterprise.
Products and services
BullionVault offers both gold and silver bullion articles for investment. The variety of products offered and options available in terms of denominations make this site one of the best. Investment grade gold and silver bullion in the form of standard bars, made of 99.9% pure silver, can be purchased at BullionVault.com. The typical weight of silver and gold bars assayed by the LBMA is around 1,000 oz, but through BullionVault, you can invest in as little as just 1 oz of silver or gold, depending on your preference.
BullionVault also lets you trade silver and gold online, just like you would trade stocks on the market. Every time you make a purchase, you can have the metal shipped to you or stored in the company’s secure vaults. When you sell your silver or gold bars on BullionVault, the appropriate amount will be transferred to your registered bank account.
Bullion storage
Besides selling gold and silver bullion to investors, BullionVault also offers bullion storage facilities in three locations. If you choose not to have your silver bars or gold bullion shipped, and need a space to store them securely, you can keep them safe at BullionVault’s storage facilities in London, New York or Zurich.
Transportation and storage of the gold and silver in these vaults is managed by VIA MAT International, a Swiss company that has been providing transportation and logistics facilities for 60 years now.
Bar registration
Selecting and investing in a silver bar via BullionVault is very easy. Once you are registered with the site, you can access the list of bars you can purchase. Information like the bar’s serial number, the purity of bar and the weight of the bar are also available on the site, based on which you can make your choice.
Shipping of bullion
BullionVault also provides shipping of silver bars you store with them. At any given day, you can remove only 5% of your silver, up to 1 ton, from the vault. If you wish, you can also transfer your gold and silver bars from the BullionVault storage to another.
Payment options
Payments for purchasing a silver bar and storing it in the secure vaults of BullionVault in the UK, the US or Switzerland can be made through the account you create with the site. Your BullionVault account can be funded via your bank account, once you submit the necessary documents for proof of identity. Alternatively, you can fund your account through one of the other deposit options that the site accepts. BullionVault allows transactions in USD, GBP, EUR, CAD, JPY and CHF.
Charges
For all the services that it offers, BullionVault charges a nominal fee. For investing and trading in silver bars via BullionVault, here are the fees you have to pay.
- Commission between 0.02% and 0.8% is charged for purchases and sales, depending on the total traded volume
- For the standard 400 oz silver bar, bar registration charges begin at 0.1%
- For storage and transportation, the annual charges vary between 1.92% to 0.48%, based on the quantity of metal you hold. The charges for storage would be in USD, starting with a minimum of $8 a month. Cost of storage can be hiked from 0.48% to 0.72% every year
BullionVault offers round the clock customer support through telephone, email and chat options on the site.