BullionVault Review – Trustworthy or Scam?
Read our full review on this gold company
Ranked #35 of 39
3 / 5
See our top rated Gold IRA Companies of 2023
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The best about BullionVault
Accepts investment from all around the world.
They provide a complimentary 4g silver bar to new clients.
Customers can request that their gold be relocated.
Ready to Protect Your Retirement Savings?BullionVault
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BullionVault Gold is a member of the London Bullion Market Association, an independent metals trade group that holds its members to high standards. The company offers services such as allowing private investors to buy and sell gold in different forms including ingots, bars, and coins. Additionally, investors can also trade gold and other forms of metals like palladium, platinum, and silver on their platform. BullionVault is the largest online gold investment service provider with an active client-base of over 90,000.
BullionVault Gold has enjoyed quite the reputation with numerous 5-star ratings on Trustpilot and an AAA rating from the Business Consumer Alliance (BCA). In addition, the company has been in business since 2005, making it one of the old players in this sector. The company has shown consistent growth over the years by providing convenience, safety, and competitive service offerings of their gold products to investors. Whether you are new to gold investing or seasoned investors, the company provides educational resources on their website. This review will highlight some of the most critical aspects of the company including their strengths and weaknesses. Read on!
Our Rating categories:
- Product range and Services
- Customer care
- Company reliability
- Customer reviews
As previously stated, BullionVault is among the top providers in the precious metal industry. They are a member of the London Bullion Market Association and have to their name numerous industry awards. The company is committed to making the buying and selling of precious metals as convenient and easy as possible for their client. BullionVault also provides precious metals storage options for a reasonable fee.
What makes them stand out from other firms in their rank is that BulllionVault uses specialized facilities that only serve their customers. As a client, you can choose from any of five locations (London, Zurich, New York, Singapore, and Toronto) to store your precious metals. In addition, the company make use of three other vaulted gold mine operators that also serve as a security transportation company and they are Malca-Amit, Brinks, and Loomis International, giving clients the assurance in the safety of their investments.
Another standout feature from this firm is that clients can choose whether to use their real name or aliases when buying precious metals. This might be a good option for investors looking to be anonymous. Additionally, BullionVault products are not limited to only buy gold, but other precious metals such as silver, palladium, and platinum as well.
Review of BullionVault: Overall Rating: 3/5
BullionVault Pros & Cons
Precious metals can be traded in multiple currencies.
Clients can choose from five secure bullion locations across the world.
Exceptional customer service via live chat, email, and phone.
Member of the London Bullion Market Association.
Can provide anonymity.
Numerous industrial awards for outstanding performance.
You can trade at any time of day.
Although they have low fees, they are just about fees for anything they offer.
Precious metals are limited to only gold, silver, palladium, and platinum.
Investment options may not be flexible for some clients.
BullionVault Review: Key Summary
|Experience||BullionVault has been in business since 2003 and has lots of expertise in the precious metals industry.|
|Website||BullionVault has a website that provides its clients with different information ranging from precious metal live prices, investment guides and a page dedicated to gold IRA. You can visit their website by clicking here.|
|Client Education||The company provides a plethora of information for its clients such as investment guides for gold, silver, and platinum.|
|Customer Service||BullionVault provides exceptional customer service via email, phone, or live chat on their website.|
|Available Precious Metals Offer||Gold, silver, platinum, and palladium.|
|Annual Fees||They charge a monthly fee of $5/monthly.|
|Trust link Rating||5 star|
|Consumer Alliance Rating||AAA|
Product Range and Services
BullionVault account offers investors in the professional gold bullion market the chance to both buy physical gold bullion and sell physical gold and silver, platinum, and palladium and these precious metals can come in different forms such as ingot, coins, and bars. These products come in high quality and can be traded all time of the day on their platform. In addition, investors do not have to worry about where to store their precious metals because they have a choice of five different storage locations that are spread out in different countries.
As the largest online precious metals trading platform, Bullion Vault ensures up-to-date information is available to their clients. Investors can track the performance of gold dating back to forty years and also have a dedicated page on how to invest in the precious metal.
They have one of the lowest rates for buying gold and for selling gold with a maximum charge of 0.50% for gold, silver, platinum, or palladium, and any order above $75,000 will be charged less. Investment amount can range from anything between $100 and $8,000,000 giving investors the flexibility to invest any amount they want. In addition, you can request for instant withdrawal and the funds will arrive in your bank account the next working day.
When you purchase gold from BullionVault, you own it outright thereby becoming your legal property. All the precious metals offered by the firm are allocated and are stored in your choice of BullionVault’s vaults from among multiple locations worldwide. Your automatic gold investment plan enables you to purchase gold automatically with the BullionVault website.
Bullion Vault Gold IRA Services
With BullionVault account, you have different options of investment. They can assist you to make your first investment in precious metals and gold bars. The company has excellent reviews on TrustPilot and the Business Consumer Alliance website. Also, you can find some client’ testimonials on the company website. Based on these, it shows that the company will go all and out to ensure you enjoy excellent client satisfaction.
They also offer other forms of investment such as self-directed IRAs that are backed with precious metals such as gold, silver, and platinum. The company representative can work with you to determine the option that is best suited to your needs. To get started with holding gold or any other precious metals in an IRA, you have to find an IRA custodian that offers the ability to hold gold, silver, and platinum in an IRA. However, they are several custodians already working with the BullionVault website; some of them include New Direction Trust Company, and MidAtlantic IRA. It is important to do due diligence on a custodian before opening an account with them.
Furthermore, BullionVault can assist you rollover your 401(k), Simple and SEP IRA planning, and Traditional and Roth planning. Only the IRS to ensure transparency and safe practices that can be included in an IRA approves the securities. Given their industry experience, BullionVault has access to good quality IRA.
Investing in a precious metals-backed IRA protects your investment from inflationary conditions that could negatively affect your investment portfolio. Precious metals-backed IRAs are approved retirement investments by the government that are backed by precious metals such as gold, silver, platinum, palladium, and any type of precious metals that meets the approval of the government.
Additionally, BullionVault can help you plan your SEP IRA and Simple IRA to make the most of your retirement account. A SEP plan can help business owners to have a simplified method to contribute to your employee’s retirement plan as well as your own. They also help their customers to store gold in their Vault.
As the largest online precious metals trading platform, BullionVault offers one of the most competitive prices in the market. The company is a marketplace itself and can handle orders of any size possible. You can start investing with them with as low as $100 to over a thousand and be sure your orders will be filled. The company's objective is to empower precious metals investors like you, and because of this and their large liquidity, they can fill in all order sizes.
The ease of filling orders quickly has made Bullion Vault a flexible option for investors looking to quickly trade in and out of precious metals though this method of investing is discouraged for the more conservative investors.
BullionVault Gold IRA Costs/Fees
As discussed above, BullionVault is a big player in the precious metals industry. They have won numerous industry awards and are members of the London Bullion Market Association. They have made buying and selling of precious metals easy and smooth for their clients. Many investors do not feel their precious metal investments are secure if they store it themselves and getting a safe deposit box is quite expensive, as well as the danger associated with storing in the banks. However, BullionVault offers secure precious metals storage at a reasonable price. The fee for storing bullion starts from $5 monthly as of the time of writing this article.
In addition, the cost of buying and selling gold bars, silver, platinum bullion, and palladium ranges from 0.05% to 0.50% for all order trades. Typically, storing them would cost a low annual fee of 0.12% for gold and 0.485 for other precious metals.
BullionVault is the biggest online marketplace for precious metals investing. Because of this, they can fill any order size from the small investors to the large investors. They do not have a minimum investment amount and you can get started with a few hundreds to over a thousand.
BullionVault provides exceptional customer service experience for their clients. You can reach the company via email, phone, or by walking into their office to speak with a customer representative. They have a dedicated telephone line for international clients and a toll free line for clients in the US and Canada.
BullionVault Gold IRA Educational materials
BullionVault took it a step further in customer satisfaction with the extensive information provided on their website for investors to make informed decisions. Whether you are a new investor or a seasoned one, there is just the right information to get you going.
There is a gold guide, silver guide, and platinum guide for investors to know more about the underlying precious metals. In addition, there is a page dedicated to Gold IRA, Gold SIPP, and a cost calculator for investors looking to calculate the cost of their investments.
The company has been in business since 2003.
BullionVault Gold IRA Company history and background
BullionVault is an online platform that enables investors to buy, sell, and store physical gold and silver. It was founded in 2005 and headquartered in London, UK. The company’s objective is to make investing in precious metals accessible and affordable to everyone. The company operates in several countries and has over 90,000 customers. The platform is fully insured and audited, and users can purchase metals at live market prices. BullionVault has received numerous awards for its outstanding services, including the prestigious Queen’s Award for Enterprise in Innovation in 2009.
Based on our research, BullionVault has a high customer satisfaction score from their customers and only a few complaints over the years. More reviews can be found on the company’s website.
BullionVault Gold IRA Independent 3rd Party Customer Reviews
BullionVault has a 5-star rating on TrustPilot and an AAA rating from the Business Consumer Alliance.
Average star ratings
BullionVault vs the competition
Best for inflation protectionVisit Goldco
Gold & Silver IRA
$3,500 non IRA
$50 + $30
$100 Admin Annually
$100 Non Segregated
Get 10% back in FREE silver
Augusta Precious Metals
"Best Company Reviews"Visit Agusta
Gold, Silver, Platinum & Palladium
$50,000 non IRA
$200 Admin Annually
American Hartford Gold
Best Gold IRA PriceVisit AHG
Gold & Silver IRA
$2,500 non IRA
$180 Admin Annually
Free silver worth up to $5,000 on qualifying purchases
Birch Gold Group
Best Customer ReviewsVisit Birch Gold
Gold, Silver, Platinum & Palladium
$5,000 non IRA
Alternatives to BullionVault
If BullionVault Gold IRA is not a good investment option for your needs, consider the two top alternatives below:
Alternative “Augusta Precious Metals”
Augusta specializes in helping people invest in physical gold and silver for their retirement accounts. The company started operations in 2012 and is based in Beverly Hills, California. They offer several investment options ranging from gold and silver coins to personalized guidance to help customers choose the right investment option.
Goldco helps individuals or corporations invest in precious metals for their retirement accounts. The company was founded in 2006 and is based in Woodland Hills, California and is one of the leaders in the precious metals IRA industry. Their products include gold, silver, platinum, and palladium coins and bars. They also offer storage options for customers who want to keep their precious metals in a secure facility.
How to invest in BullionVault
Before you can invest in BullionVault Gold, you need to have created a self-directed IRA and the do the following:
- Find a custodian capable of handling precious metals in an IRA.
- Fund your account after creating an account with a custodian.
- Direct your custodian to purchase precious metals from BullionVault.
- Login to the BullionVault website and choose the allocation of precious metals that suit your investment goals.
Do We Recommend BullionVault?
BullionVault has been in the precious metals industry for more than a decade and is considered the largest online marketplace for precious metals. This makes it a great choice for beginners as well as professional investors. We recommend BullionVault, but we advise you to do your research and seek professional help before committing your money to this firm.
Our Verdict : 3/5
$25,000 Minimum Investment
Get up to 10% Back in FREE Silver
What is the minimum investment for BullionVault Gold IRA Precious Metals Gold IRA?
There is no minimum investment amount for this company.
What type of metals should I have with my BullionVault Gold IRA?
The company offers investment in gold, silver, platinum, and palladium.
When would I be qualified for the BullionVault Gold IRA distributions?
59 years and above.
Is there a buyback program for BullionVault Gold IRA?
No buyback information found for this company.
What storage options do I have with BullionVault Gold IRA?
You have options of up to five different storage spread across different secure locations.
Why would I need a custodian to handle precious metals in my BullionVault Gold IRA?
A custodian ensures the safe-keeping of your precious metals.
Who is the custodian of BullionVault Gold IRA Precious Metals Gold IRA?
BullionVault has different custodian partners scattered across the world.
How long will it take to rollover my IRA to the BullionVault Gold IRAs Precious metals Gold IRA?
A BullionVault representative will work with you to determine the rollover conditions.