The popularity of gold as an investment has led to the development of many online traders and broker accounts. BullionVault is one such company. This online company opened shop in October 2003 and is operated from West London (UK).
The concept of the company is quite simple. Customers can open an account with www.BullionVault.com and begin buying grams of gold bars directly from the gold exchangers. The company also provides a storage service so that customers can purchase and store gold through the same company.
Thanks to the interactive selling boards customers may also buy from or sell to other Bullion Vault patrons. This has proven to be a wonderful asset to the customers. People can buy and sell gold that is pure without the need for a middleman.
Since the company sells and stores the gold quantities customers cut out the expense of shipping as well as fabricating. The gold is pure, greater than 99.5% purity levels, ensuring the customer that they are getting a quality product.
Available currencies and storage sites
The company offers gold transactions in three currencies; the US dollar, the British pound and the Euro. This opens up the business to the largest population of people likely to buy and sell gold. For storage purposes customers can choose from vaults in Switzerland, the US or the UK. The vaults are under the safety and direction of Via Mat. Via Mat specializes in managing vaults and the protection of the assets located within the vaults.
In addition to the buying and selling of gold and its storage the company offers other services to customers. A gold price tracking software is a part of the site to give customers access to the latest changes in gold.
The site also lists a reconciliation to allow customers to view which person owns which amount of gold in the vault. Nicknames are used in place of customer names in order to protect privacy.
In addition to information about the vault in general customers have private screens. The private screens detail the customer’s specific holdings and the value of those holdings according to the current gold prices on the international market.
In order to make transactions easy and smooth there is an order control box. This is where customers can establish their top price for buying gold as well as their bottom price for selling. Should the customer change their mind about either limit they can change it at this spot as well.
Praise for BullionVault
Customers have been excited at this relatively new concept in buying and storing gold investments. Before www.BullionVault.com began its operations buying and selling gold was almost off limits to small private investors.
Minimum amounts of gold bar purchases, along with delivery, insurance and finding adequate storage prevented many people from buying and selling gold. Now this opportunity for investing is open to anyone that wants to participate. And it is not certificates or gold stocks, it is the real stuff. Customers actually own real gold.