Based in West London, Bullion Vault was founded by Paul Tustain in 2005 and is owned by Galmarley LTD. The company has seen a steady rise in profits every year since it was launched and has grown rapidly over a short period of time. In September of 2008 the company became a member of the London Bullion Market Association and in 2010, it became a partner of the World Gold Council. The company is currently holding $2.2 billion worth of precious metals for 41,000 customers in 159 countries and owns one of the largest gold storages in the world.
Bullion Vault provides an online platform to buy and sell both silver and gold bullion and have it stored in one of Bullion Vault’s highly safe and secure vaults. It also offers clients with research tools which help investors determine his actual needs. One of the benefits of this site is that you can buy or sell even small amounts gold and silver that would otherwise be impossible in the professional bullion market.
The investor’s accounts can even hold cash with each deposit, making it easier to convert them into precious metals or vice versa. They keep the prices very close to the spot price of gold or silver which makes it more affordable for buyers.
Setting up an account
The application process is very easy with the site’s user friendly features and easy to understand terms. The currency can be set in dollars, Euros or pound sterling. The entire process has no hidden charges and is completely free for all users.
Bullion Vault charges a very nominal commission plus a monthly storage fee based on the amount of gold and silver held in the vault. The storage rates for your precious metals are only a fraction of the total cost if you were to hire a professional vault for yourself.
Selling Your Bullion
Bullion Vault gives you an option to sell your gold at any point in time and allows its members to deal directly with other Bullion Vault users. This type of transaction will generally give better returns by cutting out the middle man and give you flexibility with your finances.
Since the company does not have to shoulder any cost for shipping as they keep all the precious metals in only four vaults, they are able to offer very competitive prices. This, along with policies that are geared towards fulfilling the needs of every kind of investor makes it a good choice for your investment.