What is Bullionvault and how does it work?

Last Updated on 7th February 2022 by Jeffrey Camerda

gold bullionHave you ever wondered what Bullionvault is and how it works? In this blog post, we’ll explore what Bullionvault is, how it works, and the benefits of using this service. We’ll also take a look at some of the drawbacks of using Bullionvault and how to decide if it’s right for you. So without further ado, let’s dive in!

What is Bullionvault?

Bullionvault is a platform that allows you to purchase physical gold and silver bullion, store it in a vault in one of 12 locations across the world, and then sell it back to Bullionvault at any time.

How Does It Work?

This provides investors with an easy way to own physical precious metals without having to worry about storage, assayed value guarantees, or getting their products authenticated for sale.

In other words, using Bullionvault gives investors almost all of the benefits of owning gold and silver while also making it easy for them to buy and sell when they need/want to do so.

In order for this service to work well though there are some logistical considerations that must be met:

The bullion itself is held in vaults that are insured by third party insurance companies.

Bullionvault holds the fully allocated (non rehypotechated) metal with these high-security third-party vaulting (secure storage) companies such as Brinks Allied, and then issues investors a receipt for their purchase which serves as proof that they own the gold or silver that is held in storage.

This insurance provides investors with good peace of mind, and there is a fixed storage fee based on how much bullion you’re storing.

You are also protected with the insurer’s guaranteed ability to pay out on claims during war or other emergencies. The vault locations include: Singapore, Zurich, New York City, London, Paris, Dubai, Hong Kong/Shenzhen, Sydney, Tokyo, and Toronto.

Each vault location is designed to keep the precious metals secure from theft or damage without requiring too many redundancies. This means that if a disaster were to occur at one of these vaults it won’t be able to cause any issues with investors’ gold and silver being held in storage at other vault locations.

The Bullionvault platform has a number of features that make investing into bullion easy for customers:

Investors can purchase as little as 1 gram/0.03 ounces of gold or 100 grams/3.5 ounces of silver using Bullionvault which makes it very accessible for people who are just starting out with their investment plans/portfolios even if they don’t have a lot of extra money to spend.

Benefits of Bullionvault

Investors can easily sell/buy from the platform using USD, EUR, GBP, and CHF as well as transfer gold and silver between vaults which makes it possible for investors to access their metal from anywhere around the world without worrying about paperwork or complicated bank wire transfers. This also means that investors can take advantage of arbitrage opportunities this way this provides a number of benefits:

1) Investors don’t have to worry about selling a product back to Bullionvault at a discounted price due to fees associated with selling precious metals on other platforms.

2) The ability to trade currencies allows investors to use ETFs or CFDs if they want more liquidity/more trading options.

The Bullionvault platform is accessible on the web and via mobile applications for Android and iOS devices which makes it easy for investors to take their investments anywhere they go and provides additional accessibility to more people who don’t always have access to a computer or want to invest from their phone.

Bullionvault also has an affiliate program that allows users to earn commissions by referring new customers.

This can be a great way for people with existing audiences (such as readers of this blog) to earn some extra money while also building their network of potential customers for future ventures/investment opportunities.

So now that you know what Bullionvault is, how it works, and all the benefits associated with using its services.

How safe is it to store your precious metals with them, and what happens if I need to access my funds quickly?

Bullionvault is very transparent about this. They have published detailed information about their insurance cover and who they’re working with to ensure that investors’ assets will be protected in the minuscule event of catastrophe.

If we take a look at these policies specifically it becomes clear that Bullionvault is covered by the full value of their vaulted precious metals, for any claims brought against them (in London). That means even in the worst possible case scenario, investors’ gold and silver is protected.

The premiums that the company charges for this insurance are very low at 0.39% of the total value of each customers’ precious metals. This means that investors can rest easy knowing that their assets are properly secured while also being able to invest in some of the cheapest storage rates out there since these costs are spread evenly across all customers so you don’t have to worry about it affecting your investment returns.

However, investors are only protected by this policy so long as Bullionvault have physical possession of their bullion in their vaults.

Thank you for reading our post on how Bullionvault works, its security features, insurance coverage, policies regarding client funds/asset transferability. Please leave your comments below.

 

Jeffrey Camerda

Dr. Jeffery Camerda, PhD, is a financial planner who specializes in wealth management and retirement planning.With a PhD in Economics and Financial Planning, Jeffery represents the highest level of financial planning expertise and achievement in the USAIn addition to preparing you for a career in financial planning, a PhD in economics and finance also prepares you for academic pursuits, such as becoming a university professor in teaching or doing research.Here at the Wealth Builder, our financial advisory company was founded in 2007 and services all across the USA with over 16 years of expertise.In order to provide the finest advice and services, we pay close attention to the specific financial circumstances and requirements of each client.In order to guarantee that our clients don't get a sales pitch for insurance or investments, as well as a lack of conflict of interest from a prospective commission-bearing corporations, Jeffery focuses on fee-based services. Financial planning for wealth managers, financial well-being workshops, and personal financial planning packages are all part of the company's offering.Jeffrey Camarda, PhD, CFA, EA is also the founder of the Family Wealth Education Institute, is a member of the Financial Planning Association and serves as the Chairman of Camarda Wealth Advisory Group

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