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?