Unit Cost Averaging into Physical Gold with Bullionvault

For years, I have wanted to be able to set up a fixed monthly saving into physical gold (and silver, take please, Goldmoney and Bullionvault), but it's never been possible. Also galling is the fact that with Goldmoney it is possible if you are a US citizen.

However, Bullionvault just sent me this :-

You can now build up regular savings in gold without needing to place orders yourself or deal directly on BullionVault's online market.

BullionVault's new Automatic Gold Investment Plan allows you to buy gold regularly with minimum effort.

Simply enable the new feature in your account settings and arrange for a monthly deposit into your BullionVault account from your bank. Each payment will then be used to buy gold automatically at the price set at the next London Fix, the global benchmark used in the professional wholesale markets.

A dealing charge of 0.8% applies. Your gold will be stored at the usual costs in the Zurich vault. You can stop making deposits or sell your bullion and withdraw your funds at any time, without notice or penalty.

Find out more about the Automatic Gold Investment Plan and get started today.

The great thing is, you can also make your payments in Dollars, Euros or Pounds!

Goldmoney Special Offer - UNMISSABLE

I have for a long time been a great fan of Goldmoney and right now they are doing a rather unmissable special offer.

Until January 11th you can invest in gold or silver in their Singapore vault and pay a reduced commission of only 1.99% for silver and 0.98% for Gold.

The way I see it, this has several benefits :-

- For new gold investors, it provides the opportunity to take a gold and/or silver stake with one of the most reputable providers out there at a reduced price.

- For established gold investors, it provides the opportunity to diversify your holdings into a new location. This is something most investors greatly advise. Especially when the location is one of the world's new financial centres, with none of the baggage associated with New York, the City of London or Switzerland. Three countries whose reputation for financial freedom is becoming somewhat tarnished lately.

- Singapore definitely feels like a safe location to me and when one of the world's greatest investors, Jim Rogers decides it's the best place for him to make his home, you have to take notice. You can check out their offer and open an account here. Fill your boots!

When is investing in gold and silver not investing in gold and silver?

I just saw a fresh review of the book on Amazon. While I am slightly disappointed "Grasshopper" wasn't a fan, and I do apologise, I am grateful to those people who contacted me thanking me for an insight into an alternative world of hard currency that most people have never known existed. Given that spread betting and options are, as most experienced gold investors would agree, investments on the price of Gold or Silver over a given timeframe, rather than an investment on the long-term value of the metal itself, only a short amount of page space was required to explain them. Reading between the lines, you'll see that my only real recommendations are gold bullion coins (preferably sovereigns although that's because I live in the UK), or a trusted internet gold supplier such as Goldmoney, where you can access your gold and spend it from any location worldwide.

When it comes to Gold mining stocks, I agree the returns can be explosive, but they are very exposed to the vagaries of governments, who during a crisis will probably stop at nothing to confiscate assets, etc. and when you look at ETFs and Perth Mint certificates, there are rumours that the gold and silver behind them is not as real as it could be, if you know what I mean. Even more galling when you consider the storage fees often charged.

GoldMoney changes its charging structure

Goldmoney has decided to change it's Gold storage charging structure from a fixed fraction of a goldgram per month, regardless of holding size, to a % of the total value of gold held. I must admit, that for me, this fixed fee was one of the best features of Goldmoney, since it gave me extra encouragement to add even small regular sums to my Goldmoney holding, since they would not be subject to an extra storage fee.

If you're still looking for fixed fee gold storage, the best deal for larger holdings, then consider BullionVault, which continues to adopt this policy.

t must be said that you will need to calculate your own costs, since even though the Goldmoney fee could add a lot to the expense of your gold holding, whether it is worth selling and then paying new buying fees is another matter. I guess this is the attitude Goldmoney expect the majority of their customers to have.

Invest Gold UK

This blog has been created in conjunction with the new gold investing book How to Invest in Gold and Silver, and website available at Invest Gold UK.

Hopefully it can become a forum for free and open Gold and Silver investing discussion.