Founded by Paul Tustain, Bullionvault is UK-based, although an additionally interesting feature is the ability to store your gold in their New York, London or Zurich gold vaults. Dependent on which country you are a citizen of, you will probably feel most comfortable placing your gold outside of that country so that is not subject to your local government jurisdiction, so top marks for considering that feature.
BullionVault allows you to buy and sell Gold on their impressive looking trading platform, where buyers and sellers of gold from each vault can meet and state their required selling/buying prices, so if you are more inclined to hold gold, occasionally sell on a dip, then buy in again later, then this could well be the best service for you.
Their fees for transactions and monthly storage are really low too, so they are very worthy of investigation. The storage fee is currently $4 per month fixed, regardless of holding size, and only payable for the months in which you held Gold.
Again, Bullionvault has proved popular with Gold Bugs accumulating gold for the future financial crisis they believe is in the offing.
Payment in to BullionVault is by bank transfer. Payment out is by bank wire transfer to your chosen bank account. A fee of approximately $30 is charged for this transfer, although there may be possibilities for UK residents to request a BACs transfer instead, which can take a few days but will not attract a fee.
BullionVault are currently offering a free gram of gold to all new account openings, which you can then use to experiment with trading in their system. Even if you open an account, you are not committed in any way, so well worth trying out to see if it’s for you. Visit http://www.investgold.co.uk to learn more.
Overall, Bullionvault is an excellent service. Both they and E-gold seem like decent operations, with much security behind them.
Saturday, 15 March 2008
BullionVault Explained
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bullionvault,
cheap gold,
e-gold,
free gold,
gold investing,
investgold
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