Results 1 to 4 of 4

Thread: BullionVault

Hybrid View

  1. #1

    Default BullionVault

    Hi all,

    What's your experience with BullionVault, if any? They look like a very good value proposition on their website, and they might have the lowest-priced gold and silver available anywhere, but I often confuse them with Bullion Direct, which was some sort of bankruptcy, possibly a scam. I have a perhaps irrational vision of BullionVault going the same way.

    I'm not clear on the whole "allocated" thing, but in theory it should be cheaper and more secure than putting your metals in a closet or even a safe. BullionVault is supposed to have audits, but I haven't dug into them. Their storage fee of 0.12% a year seems incredibly low to me.

    So what say you? Has anyone done business with them? Any problems?

  2. #2

    Default

    my only experience is here with the kitco pool account

  3. #3

    Default

    Please please please follow this advice:

    IF YOU DON'T HOLD IT, YOU DON'T OWN IT.

    This is so true for precious metals. Tulving, BullionDirect, etc. scams made this so apparent. Take delivery and store it yourself. The scammers in those cases still haven't been fully brought to justice.

    Buy from APMEX, JMBullion, Kitco, or any other major retailers and TAKE DELIVERY.
    “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.”
    ― Norm Franz, Money & Wealth in the New Millennium: A Prophetic Guide to the New World Economic Order

  4. #4

    Default

    Especially true for gold and silver. Cons like Tulving and BullionDirect made this quite clear. Taking delivery and storing it on your own is fine. Scammers in those instances have not yet been fully punished.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •