Friday, November 30, 2012

Precious Metals Investing: Videos Silver and Gold

Precious Metals Investing
http://youtu.be/glRYsCCltO4

Gold and Silver Secrets
http://youtu.be/zK-dcCeDrWI

"Silver is this decade's golden investment" Precious metal discussions on Lang and O'Leary Exchange
http://youtu.be/rf0HBVMjNFE


Introduction To Precious Metals (Silver & Gold)
http://youtu.be/ZbXizT9gz10


Buy Silver/Gold Coins/Bullion Part 1 of 2 (Robert Kiyosaki)
http://youtu.be/TJWDTVRf0tE

Buy Silver/Gold Coins/Bullion Part 2 of 2 (Robert Kiyosaki)
http://youtu.be/qZeBgJqQoRM

How to identify solid silver items and make some extra cash
http://youtu.be/OiXTyoIavNM

  • Troy ounces
  • Monarch Precious metals
  • Gold Ingots
  • Silver Maple leaf
  • Sunshine Mining
  • Chines Pandas
Scotiabank round bullion. I have heard that you should only buy from known bullion refineries like Johnson Mathey or Englehard because they are more valuable and more easily traded worldwide.
http://www.taxfreegold.co.uk/goldingotsinfo.html
Gold Ingots
Gold ingots are basically gold bars that are cast from a mould rather than stamped like a gold coin.
They tend to be rougher and thicker than stamped bars, often called biscuits, but still come in all weights from one gram up to a "London Good Delivery Bar" which is 12.5 kilograms or 400 ounces troy weight.
The London Good delivery bars are really only used for major international markets and are purchased by banks, large companies and business that wish to store assets this way.
Scottsdale Stacker Silver Bar
http://www.scottsdalesilver.com One of the finest silver bullion bars available: The Scottsdale Stacker®, only from Scottsdale Silver.
10 Troy Ounces of .999 Pure Silver
My Silver and Gold Bullion Collection
http://youtu.be/stqOXR2B43M

They are usually stored in Bank Vaults around the world and not moved around much although the ownership of them may be. As they are now worth around 200,000 to 300,000 US dollars, depending on the price of gold, they are not used very much by small investors who generally will buy and sell smaller bars within their price range.
The cost of manufacturing the smaller 1,2.5, 5 and 10 gram bars does not make them very good investments as a premium has to be paid and it would take some time, even with the current increases in gold value, to appreciate any profit from their purchase.
Probably the half kilo and one kilo bars or ingots are the easiest to buy for investors. The premium is much less than for the smaller bars but they are within the price range of most investors. Running from around 10,000USD for the half kilo and 20,000 USD for the one kilo at the time of writing.
Even one, five and 10 ounce bars make quite good investments.
Probably one of the best investments are gold coins, not just for the gold but also for the coin collection value which, in rare coins, can equal if not surpass the value of the gold in the coin.
Either way, buying gold ingots or bars or coins is a worthwhile activity that, over time, can quite likely result in a satisfactory investment as well as being a fun activity!
http://www.coinflation.com/
Gold, Silver, and Diamond Investing - What You Should Know
For more information, and to sign up to receive Tom's free precious metals news updates, including buy and sell signals, please visit http://ftmdaily.com/precious-metals-market-update-tom-cloud/
This free educational webinar was brought to you by: http://www.ftmdaily.com
Listen to Jerry Robinson and Tom Cloud each week on the Follow the Money Weekly financial radio show online at: http://ftmdaily.com/category/ftm-radio-show/
This is the unboxing video of our most recent addition to our investment portfolio. This is a box of 500 Ounces of Silver Maple Leafs and. Just beautiful. This is the first Silver and Gold we have purchased.
1.5 KG of Silver Loving - Collection update

Chinese govt advise gold buying - why? What is their plan?
http://www.businessinsider.com/might-china-ban-gold-exports-2009-9
Let's face it, why else would a govt want its people to save in gold?
The Chinese govt have been advising the people of China to buy gold, even going so far as to produce television programmes explaining the benefits and logistics of doing so.
As we know from experience, the ability to print paper, and credit, money by fiat is a privilege held dear by governments - not something they wish, or can generally afford, to let go of.
The Chinese govt are not, generally, renowned for kindness to their population so there MUST be a payoff perceived by China for the future.
I wonder if the Chinese govt are going to, at some point, allow minting of gold into high-value coins denominated in their currency.
There is a precedent in coins sasuch as the Panda Gold Coin. This one, from 1982 I think, has a face value of 500 yuan, which is around $73. A person who bought it at face value, when 1 oz of gold was only around 500 yuan, still has the nominal 500 yuan secured in the coin's legal tender... but the 1 oz of gold is now worth close to 8,000 yuan!
Heads you hold your nominal value... tails you make a packet if gold goes up.
Anyway, a massive conversion of citizen's gold to legal tender would create a solid pm-backing for their currency financed by the savings of the population.
It might also give them a real shot at taking the prize of reserve currency status from the dollar as it would increase the money supply - the liquidity available to handle demand for reserve currency - without debasing the currency. Converting investment gold to a legal tender coin does not debase the value of existing currency - the value is simply transferred from the commodity, gold.
If Mr Li in China buys 1 oz of gold and then the gold is converted into a legal tender coin worth 8,000 Chinese yuan there is extra (yuan) money introduced into the system yet no effect on inflation. Sounds bizarre, but take a look.....
Someone owns 8,000 yuan, someone else owns 1oz of gold, worth 8,000 yuan. In this scenario, the gold is worth 8,000 yuan but remains just a commodity. Mint it into a legal tender coin and the money supply is doubled - there are 16,000 yuan in circulation yet no-one has lost out through inflation as the total value on international markets remains the same as 8,000 yuan plus 1 oz of gold.
This a is how the Chinese might have a crack at creating enough, money - backed by gold, and without debasing the currency - to service the needs of the international market for oil and goods currently traded in dollars. Massive liquidity is one aspect of the dollar which keeps it in first place for reserve currency status - no other currency can supply the required amount of currency whilst still maintaining some trust, not yet, anyway.
And the whole exercise would have been financed entirely by the Chinese citizenship, slowly and without fuss,so no need for the government to announce its plan or be forced to pay through the nose for masses of gold to back its own plan.
Let's face it, why else would a govt want its people to save in gold? Can anyone give a good reason other than something like my own?
Simple question - would the above make the Chinese currency stronger or weaker? I say stronger.
Aha, say my detractors, but the Chinese need the West to buy their goods cheap. A strong currency hurts exports.
Yes, but what if the Chinese have already decided that that the U.S. et all are basket cases and that demand from them is not going to return. What if they are intent on creating domestic strength in buying power to replace the U.S.? To hell with producing plastic ducks for kids in Conneticut, stimulate domestic demand and enterprise (there are billions of potential consumers in China, if only they had some buying power.
I suggest that the theory of China encouraging a massive savings base in gold to later convert into legal tender would work..... and draw MASSIVE cash inflows to the currency from around the crumbling world. This would enrich the country's buying power, and people, allowing them to transition from low-earning producers for the West, to consumers able to buy goods on the international and domestic markets with a strong currency.
I can't guarantee to be right... but one certainly has to look for an explanation as to why China is a friend of gold, whilst the Fed and others seem to have a deep-rooted fear and loathing of the stuff. The flawed, some might say failed, experience of fiat currencies backed by nothing will certainly not have gone unnoticed by the Chinese - and they might just be eyeing the prize of reserve currency status for the future.
http://www.dnaindia.com/money/column_china-urges-citizens-to-buy-gold-and-sil...
Bullion bars
World Gold Council


=========================================
Scrapper Girl goes over the basic information on Scrap Copper Aluminum Brass and other Metals
http://www.youtube.com/watch?v=RNwMmrmfVps&feature=share&list=ULRNwMmrmfVps
In this episode Scrapper Girl shows you some of the different types of scrap that she looks for when out scrapping. She covers Copper, Brass, Aluminum and gives you some great tips.



BullionVault lets you buy pure physical gold and silver at the lowest possible price

BullionVault gives private investors around the world access to the professional bullion markets. You can benefit from the lowest costs for buying, selling and storing gold and silver.
BullionVault is endorsed by the World Gold Council and is the world’s largest online investment gold service. We take care of $2.2 billion for more than 41,500 users.
Bars are stored and insured in your chosen vault in London, New York or Zurich. Because these are the world’s most secure bullion storage facilities the insurance costs you pay are very low.
You can sell at any time, without penalty, and your money will be wired the next business day. You can also withdraw your bars.
BullionVault is also quick and easy. You could own any quantity of physical bullion in about 2 hours.
On this page you'll learn who we are and how we get you the best bullion at the cheapest prices.

 

Buy gold and silver bullion at these live prices


Price last updated at 28/11/2012 07:57:05

Latest trades:
                                                                                                                                                           London gold: 0.001kg @ £34,590/kg [6:55:32 AM MST]         London silver: 5.000kg @ £670/kg [6:55:29 AM MST]         London silver: 0.852kg @ £670/kg [6:55:10 AM MST]         Zurich gold: 0.100kg @ €42,840/kg [6:55:05 AM MST]         London gold: 0.001kg @ £34,580/kg [6:54:55 AM MST]                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                           London gold: 0.001kg @ £34,590/kg [6:55:32 AM MST]         London silver: 5.000kg @ £670/kg [6:55:29 AM MST]         London silver: 0.852kg @ £670/kg [6:55:10 AM MST]         Zurich gold: 0.100kg @ €42,840/kg [6:55:05 AM MST]         London gold: 0.001kg @ £34,580/kg [6:54:55 AM MST]                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                           London gold: 0.001kg @ £34,590/kg [6:55:32 AM MST]         London silver: 5.000kg @ £670/kg [6:55:29 AM MST]         London silver: 0.852kg @ £670/kg [6:55:10 AM MST]         Zurich gold: 0.100kg @ €42,840/kg [6:55:05 AM MST]         London gold: 0.001kg @ £34,580/kg [6:54:55 AM MST]                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

Why Choose BullionVault?

  1. 1.World's biggest online bullion marketBullionVault manages some $1.6 billion worth of gold – more than the gold reserves of most countries.
  2. 2.Low rates for buying and sellingBullionVault charges a maximum of 0.50% to buy/sell gold or silver. Above $75,000 you pay less.
  3. 3.Deal in any sizeWe have over 41,500 users, who have invested between $100 and $8,000,000.
  4. 4.Next-day withdrawalsYou can sell for instant settlement at any time. Funds will usually arrive in your bank account the next working day.
  5. 5.Investment grade gold and silverAll gold and silver bought through Bullion Vault is part of a good delivery bar, which can be traded on the world's professional markets.
  6. 6.Allocated gold and silverYou own your gold and silver outright. It’s your legal property. We do not deal in unallocated gold or silver.
  7. 7.High-security vaultsYour gold and silver will be stored in your choice of professional bullion market vaults in Switzerland, the UK or the USA.
  8. 8.Daily AuditBullionVault is the only bullion business that publishes a daily audit online, which explicitly reconciles your gold and silver to formal third-party Bar Lists.
  9. 9.Wholesale storage rates and insurance
  10. 10.Set your own price
  11. 11.Deal in your own currencyYou can buy and sell in Euros and Pounds Sterling as well as US Dollars. This allows you to save the high cost of converting currency.
  12. 12.Deal at any time
  1. Endorsed and invested in by the World Gold Council
    The World Gold Council is the market development organisation for the gold industry. Its 23 members comprise the world's leading gold mining companies. It acquired 11% of BullionVault in 2010 and recommends BullionVault for retail gold bullion.
  2. Full members of the London Bullion Market Association
    As full members of the LBMA BullionVault is part of the world’s largest physical bullion marketplace.
  3. Winner of the Queen’s Award for Enterprise



It's free to open an account and registration takes less than a minute. There's no obligation to trade.
You can transfer funds immediately, ready to buy your silver or gold. Standard proof of identity is then required within two weeks...

BullionVault:

Giving You Access To Professional Bullion Markets

BullionVault is the world's largest online investment gold service. More than 41,500 people from 122 countries use it to buy and own some $2.2 billion of gold and silver.


The Problem:
Why BullionVault
Was Set Up

BullionVault was set up to solve one problem: it was very difficult for private individuals to buy, store and sell gold in a simple, safe and cost-effective way. Before BullionVault, there were two main obstacles for private individuals:
icon
They didn't have access to the professional bullion market.
The best prices for gold and silver are available on the professional bullion market, where dealers, refiners, government agencies and bullion banks trade.
But this market only deals gold in 400 oz good delivery bars, which cost over $600,000 each. The silver bars weigh 1,000 oz.
This puts the best prices out of reach of most private individuals.
icon
They didn't have access to professional vaults.
Good delivery bars are stored in accredited vaults.
The vaults have a high minimum monthly charge, so you would need about 15 of these 400 oz gold bars, worth over $9,000,000, to make it economic for you to open an account yourself.
The large starting balance tends to make the system inaccessible to private customers.

The Solution:
How BullionVault
Fixes This

With BullionVault you can access the professional market and buy part of a good delivery bar - or even whole bars. You'll benefit from the same low costs for buying and storing as the professionals, and you'll be participating in the deepest pool of physical gold and silver liquidity in the world.
icon Whether buying or selling you get the best professional bullion market prices.
icon
No-one matches our dealing charges.

icon
All BullionVault gold and silver is good delivery, which is the purest and most trusted form of bullion. It commands the highest prices when you sell.
icon
Recommended and endorsed for retail gold bullion by the World Gold Council, an investor in BullionVault.

icon
BullionVault gold is held fully allocated to BullionVault users. It is insured, and stored in your choice of location. The gold is your legal, physical property.
Opening an account is free and quick. There’s no commitment, so you can further explore the BullionVault system before choosing to invest.

What People Say About BullionVault

"BullionVault.com allows investors to buy gold at the lowest-possible markup and store it at the lowest-possible price."
"World's No.1 gold ownership and trading service online."
"BullionVault opened the professional bullion market and good delivery bullion bars to retail participation."
"BullionVault enables anybody to buy and sell high quality gold."


It's free to open an account and registration takes less than a minute. There's no obligation to trade.
You can transfer funds immediately, ready to buy your silver or gold. Standard proof of identity is then required within two weeks...

How BullionVault

How BullionVault Cuts The Cost Of Buying Gold And Silver

BullionVault is the world's biggest online bullion market. Economies of scale mean you can buy and store precious metals at close to wholesale prices.


The professional good delivery system gets you big savings, and so too does the internet. BullionVault connects buyers and sellers from all over the world. They can all quote prices to each other when they wish to buy or sell; and so can you. Like any exchange this price competition forces everyone - including BullionVault itself - to quote highly competitive prices, and you always get the best quoted price, from whoever is quoting it.
icon
Lowest costs
The ownership cost for the average BullionVault user who owns gold for 5 years works out at 0.32% per annum - which includes all dealing, storage and insurance costs.
The ownership cost for larger users ($1m) works out at just 0.17% per annum over the same five year period.
icon
Avoiding the high cost of currency conversion
Most banks charge 3 to 4 percent when buying or selling foreign currency.
At BullionVault, there is deep gold liquidity in Dollars, Sterling and Euros. This means you'll get the best price no matter which currency you prefer.

icon
Saving on insurance too
It's tempting to think something is only safe when we look after it ourselves. But insurers rate privately held gold as very high risk, so arranging insurance is both difficult and expensive.
According to the insurance actuaries who evaluate them the professional bullion vaults are the safest place in the world to store gold, so insurance costs much less. We include it in your storage fee, which saves you money and a great deal of time.
icon
How do our storage rates compare?
The annual management cost of the major ETFs is 0.4%, which is over 3 times higher than BullionVault's 0.12% storage rate for gold.
Allocated storage at a bank would usually cost around 10 times our allocated storage rate.


What People Say About BullionVault

"Dramatically cuts the cost of gold ownership."
"[BullionVault] reduces the cost of buying and holding gold."
"[They] offer what's called 'allocated' and very secure storage at a relatively low cost."
"[BullionVault] provides storage and insurance for less than 0.12% per year. At that rate, it would take over eight years to pay 1% in storage and insurance costs."


It's free to open an account and registration takes less than a minute. There's no obligation to trade.
You can transfer funds immediately, ready to buy your silver or gold. Standard proof of identity is then required within two weeks...

Security and Safety Issues

When Buying, Selling, &
Storing Gold & Silver Online


icon
High Security International Vaulting Options
Your choice of London (UK), New York (USA) & Zurich (Switzerland)
For your safety we separate the roles of storing the bullion and keeping the records. Your bullion is vaulted in formally recognised professional vaults, managed by vault operators who are leading providers of precious metals vaulting and transportation services.
BullionVault maintains the ownership records, and we publish on-line the daily register of owners. All users can see their private holding publicly listed against their alias - which of course only they know. The register's total matches the bar list total, produced independently by the vault operators, and published alongside our register.
No other bullion business provides this daily and independent client-by-client proof that the right amount of bullion is in the vault.
icon
The World's Most Reliable Gold And Silver Bullion
Good delivery bullion massively reduces the risk of fraud
Good delivery bars are manufactured by accredited refiners who are regularly subjected to double-blind tests by independent assayers. The bars spend their lives in accredited storage facilities and are transported only by accredited couriers.
They are the only form of gold automatically trusted upon receipt by professional buyers.
Once a year we send in independent specialist assayers who inspect the bullion and report to our auditors, who then publish the report on their own website for your inspection.
We are completely confident regarding the quality of the bullion in our care, and provide a full, permanent, 100% guarantee of its quality.
BullionVault gold bars are all of known weight and purity, which exceeds 99.5%. As with the rest of the professional bullion market only the pure gold content (gross weight * purity) is traded and recorded. The gold in your BullionVault account is therefore 100% pure.
Silver is different. Good delivery silver bars are refined to 99.9% purity and traded at gross weight. The good delivery silver in your account is 99.9% pure.
icon
No Counterparty Exposure
BullionVault trades 24/7 and settles immediately
Your gold and silver are already safely in your chosen vault when you go online to buy. You pay the seller immediately with the cleared funds that you previously deposited into the BullionVault Client Money trust account. Your money becomes theirs, and their gold becomes yours. BullionVault guarantees that the deal, payment, and receipt of gold happen together, or not at all.
With this speed of settlement you gain enormously in flexibility if ever you need to act quickly - for example to move your property urgently across international borders. On BullionVault you can switch your tangible property between London, New York and Zurich in seconds. That's much faster than your bank.
icon
Due Diligence
Please check our references
We encourage a review of our reference and partner websites which have been collected under our summary FAQs below.


What People Say About BullionVault

"It's easy to buy and sell small amounts, and you get the benefit of owning physical gold without the hassle of actually finding somewhere to store it."
"BullionVault.com [is] a leading online service for gold bullion trading and ownership"
"The most secure way to invest in physical gold."


It's free to open an account and registration takes less than a minute. There's no obligation to trade.
You can transfer funds immediately, ready to buy your silver or gold. Standard proof of identity is then required within two weeks...

How BullionVault

Compares To Other Ways
Of Buying Gold & Silver


BullionVault compared to
coins and small bars
  • Cost
    • Coins and small bars: Dealers usually sell gold coins and small bars at about 7% more than BullionVault gold. They also tend to buy back at a discount of about 1%. Be careful if you are advised that gold coins are rare. Most of them are not, and carry no collectible value.
    • BullionVault: BullionVault prices can be compared reliably against the published spot price. Our gold buying and selling prices are usually well within 0.2% of spot, and silver within 1%.
  • Stock liquidity and settlement
    • Coins and small bars: Maintaining a stock of gold coins is expensive and ties up a lot of financial resources, so dealers and their supply chain have to estimate likely demand. But demand for coins is very unpredictable, and coin retailers are often short of stock for weeks when people are buying, and have too much stock when people are selling. They adjust prices accordingly - which can be costly for you.
    • BullionVault: BullionVault has the resources to hold nearly half a tonne of good delivery gold bullion in stock, and four tonnes of silver. Re-stocking takes only 48 hours. Meanwhile users who wish to deal in whole bars have full access to the spot market itself, where like us they can deal sums up to $10 million for 48 hour settlement into the vault.
  • Storage and insurance
    • Coins and small bars: Although home storage is free it is not usually the wise geopolitical option, and you will probably need to arrange your own insurance. For gold this is likely to be 10 times as much as BullionVault's combined storage and insurance fee of 0.12% for gold.
    • BullionVault: Overseas gold storage is straightforward to implement and is low cost. More details.

BullionVault compared to
exchange-traded funds
  • Physical ownership
    • ETFs: With ETFs you never actually own physical gold. According to their trust deeds some ETFs are not even backed by gold; they are designed to track the gold price using complex derivatives.
    • BullionVault: We don't make something complex out of something simple. You own your gold.
  • Storage and insurance
    • ETFs: With ETFs, you would pay a storage fee of around 0.40%, and most ETF gold is not insured, even within that fee.
    • BullionVault: Storage and insurance costs just 0.12% per annum for gold. More details.
  • Jurisdiction
    • ETFs: The huge majority of ETF gold is stored in London and New York. The ETF manager chooses the jurisdiction – you don't.
    • BullionVault: We believe a choice of storage jurisdictions is important - as is the ability to switch. We let you choose. About 75% of our users choose Zurich, in Switzerland.
  • Dealing and settlement flexibility
    • ETFs: ETFs are traded on major stock exchanges, which tend to be open 8 hours a day, 5 days a week. They settle to your stockbroker in two or three days, who then settles with you.
    • BullionVault: We are open for dealing 24/7 with instantaneous settlement to your BV account. A requested withdrawal to your bank account will usually be sent and arrive the following business day.

What People Say About BullionVault

"A well-established online gold investment service: signup is easy, low minimums, premiums are cheap, very close to spot, fully allocated."
"An online gold market with vaults storing more gold than the central bank reserves of Canada, Hong Kong, Ireland and Qatar combined."


It's free to open an account and registration takes less than a minute. There's no obligation to trade.
You can transfer funds immediately, ready to buy your silver or gold. Standard proof of identity is then required within two weeks...

BullionVault

FAQs


Is BullionVault a safe organisation to do business with? Read morex
Market-development organisation the World Gold Council, which is an investor in BullionVault – and whose 23 members include the world’s leading gold mining companies – recommends and endorses BullionVault for retail gold bullion.
On 21st April 2009, under command of HM The Queen, the Prime Minister awarded BullionVault the UK's leading business prize The Queen's Award for Enterprise Innovation.
Both BullionVault and the vault operators it employs are full members of the London Bullion Market Association, [LBMA]. The LBMA forms the largest marketplace in the world for physical gold bullion.
BullionVault is ranked number 11 in the 2012 Sunday Times TopTrack 250 league table of Britain's leading private companies. BullionVault operates without gearing and carries sufficient surplus shareholders funds - held as cash at call - to operate with zero revenue for five years. For full financial figures please download the 2011 audited financial statements.
BullionVault publishes up-to-date Bar Lists from the vault operators it uses and publishes on-line the daily reconciliation of those bar lists to the daily register of bullion owners – which includes your holding listed under your private alias.
BullionVault publishes up-to-date Client Money Bank Statements from Lloyds Bank – the company’s bankers – and publishes on-line the daily reconciliation of those statements to the daily register of client money owners – which includes your holding listed under your private alias.
BullionVault's independent assayers are Stewart Group who annually inspect and reconcile the physical metal in the vault to the bar list, and report directly to BullionVault’s auditors Albert Goodman, who publish that report on their own website.

How can I be sure the gold or silver is in the vault? Read morex
Your gold and silver are stored in formally recognised bullion storage facilities, managed by specialist vault operators who are leading providers of precious metal vault services and secure transportation around the world.
Professional market vault operators produce what is called a Bar List. It's a bit like a bank statement, listing the account holder's stock of bars, and showing both the exact quantity of fine gold in each bar and the total amount of gold held. We publish Via Mat's bar list for BullionVault users' gold.
BullionVault maintains the ownership records of all that gold. Each day we publish on-line our daily register of owners, although we hide your identity by listing your holding against your alias. We also publish the total, and naturally the total matches the total on the bar list.
No other bullion business provides this daily and independent client-by-client proof that the right amount of gold is in the vault.

Couldn't BullionVault's management suddenly authorise the removal of all the gold? Read morex
No. There are powerful controls.
First there are private protocols. We don't publish the details of those but they involve authorisation by several people from multiple companies.
There is also a transparent public protocol. For a removal to occur a 'Withdrawal Declaration' must be published on the BullionVault website's front page 24 hours before the bullion moves. This declaration identifies by alias the holder who is making the withdrawal. Any user can then check the published register to see that the withdrawing user has at least the quantity of gold which is being declared for withdrawal.
The vault operators are not allowed to complete a removal of bullion without confirming the validity of the public declaration for themselves.
Additionally under no circumstances can an amount exceeding the larger of 25 kg, or 5% of the total stored, be removed from the operator's control on any one day.

What would happen if BullionVault fails? Read morex
Your ownership and title would not be affected, although there would likely be a short delay before you could realise its value, while a liquidator was appointed.
A liquidator could not claim title to your bullion. That’s because you are the legal owner of all gold and silver that you buy through BullionVault. BullionVault is acting as a custodian, which is a status that's very different from your bank, and immeasurably safer for you.
With a bank account, you transfer ownership of your money to the bank when you make a deposit. Your money then appears on the bank's balance sheet, and you become its creditor. The bank would become insolvent (and fail) if there were insufficient assets to meet the liabilities owed to all its creditors, and that tends to happen to banks periodically because their business is to lend your money for profit, not simply keep it in a vault.
You have not made a deposit of gold to BullionVault. You are not BullionVault's creditor and do not appear on its balance sheet. Technically your gold and silver is the subject of a bailment - a legal status through which physical property remains yours while it is in the care of another. A liquidator cannot consider it an asset of the company, so would have no claim over it and must return it to you in full.
BullionVault's finances are very strong. Very few companies maintain debt free cash and bullion reserves - at call - sufficient to cover the gross costs of running their operation for 6 years without any revenue. The standard equivalent requirement for the banking industry is 3 months.

What quality is the gold or silver? Read morex
No gold or silver bars are ever quite 100% pure. All bars at BullionVault meet the professional market's good-delivery standard of 99.5% or better for gold, and 99.9% or better for silver.
Using BullionVault, and just as in the professional market, you only buy and sell the pure 100% gold content (the 'fine' weight). Silver is traded "gross" of its tiny impurity, in line again with the professional bullion market.

What is good delivery? Read morex
The best bullion prices in the world are available where the liquidity is deepest – on the international physical bullion market. Centred in London, this is where central banks, bullion banks, investing institutions, gold miners and refiners trade what are called “good delivery” bars.
These bars are a standard size: 400 ounces (12.4 kg) for gold, and 1,000 ounces (31.1 kg) for silver. They are made by accredited refiners and kept in accredited vaults. Their movement, by accredited couriers, is carefully documented. Because these bars’ entire life is auditable, and because they have never been in private hands, a professional buyer accepts them as “good delivery” by the seller. So the seller achieves the international spot market price and gets paid quickly and efficiently.
BullionVault allows private investors access to the professional market. And that means you pay the same low costs as the professionals for buying, selling and storing large bar gold, even though most users never own anything like a whole bar.
Coins and small bars don’t come under the good delivery system, so they cannot be sold on the professional market. BullionVault only acquires coins and small bars exceptionally, to meet the specific withdrawal requests of users.

Which vault should I choose? Read morex
BullionVault silver is stored in the UK in London. When buying gold, you can choose from vaults in London (UK), New York (US) and Zurich (Switzerland). Of these, Zurich is by far the most popular choice.
Many of BullionVault's users choose to store their gold overseas to minimise the risk of exchange controls.

Can I take physical possession of the gold or silver? Read morex
BullionVault is based on professional market, vaulted gold and silver, held in big bar form through an internet account. You can sell on-line and be paid direct to your bank account, which is efficient and low risk and helps you own gold at very low cost.
But of course investors always need emergency access to the physical gold, even though there are some extra costs.
The standard cost is 2.5% for withdrawing whole gold bars, and there is a 5% surcharge for withdrawals below 400 oz. The fee for silver (whole bars only) is 10%.
BullionVault gold and silver are both VAT (sales tax) free - for as long as they are held in accredited vaults. Upon withdrawal gold remains exempt, but 20% VAT then applies on silver in the United Kingdom.

How does BullionVault compare to coins/bars and ETFs? Read morex
Compared to coins and small bars
Coins and small bars are normally 7% more expensive than gold on BullionVault. Dealers also tend to buy back at a discount of about 1%. BullionVault prices can be compared reliably against the published spot price. Our gold buying and selling prices are usually well within 0.2% of spot, and silver within 1%.
Although storing coins and small bars at home is free, it is not usually the wise geopolitical option. You will probably need to arrange your own insurance. For gold this is likely to be 10 times as much as BullionVault’s combined storage and insurance fee of 0.12% for gold.
Compared to ETFs (Exchange-traded funds)
With ETFs, you never actually own physical gold. According to their trust deeds some ETFs are not even backed by gold; they are designed to track the gold price using complex derivatives. At BullionVault, we don’t make something complex out of something simple. You own your gold.
With ETFs, you would pay a storage fee of around 0.40%, and most ETF gold is not insured, even within that fee. At BullionVault, storage and insurance costs just 0.12% per annum for gold.
The huge majority of ETF gold is stored in London and New York. The ETF manager chooses the jurisdiction – you don’t. At BullionVault, we believe a choice of storage jurisdictions is important – as is the ability to switch. We let you choose. About 75% of our users choose Zurich, in Switzerland.
ETFs are traded on major stock exchanges, which tend to be open 8 hours a day, 5 days a week. They settle to your stockbroker in two or three days, who then settles with you. At BullionVault, we are open for dealing 24/7 with instantaneous settlement to your BullionVault account. A requested withdrawal to your bank account will usually be sent and arrive the following business day.

Will I get a certificate? Read morex
It is very important that we do not provide you with a certificate! Why not?
A formal certificate changes the legal status of what you own from physical gold, to a security evidenced by a certificate which purports to be backed by gold. Suddenly the law has to consider what would happen if there were more paper in issue than there was gold backing them, which has often happened in the past (and not least with national currencies).
Title to BullionVault Client gold derives from the register which modern technology (the internet) allows us to put in the public domain.
You can get your own daily electronic update of your register record using RSS and your preferred newsreader software. This evidences your ownership every day, with a new electronic advice confirming your register entry. It's a bit like a certificate which lasts for one day, but it is not a true certificate. BullionVault is structured for you to own gold, not a security.

Is there a minimum/maximum deposit? Read morex
No. You can deposit any amount. Our users have invested between $100 and $8,000,000.
We welcome small deposits because users often choose to try the system with a small deposit and purchase before making a larger investment.
But please note that we recommend avoiding overall investments below $2,000. That's because the minimum monthly storage charge - $4 for gold and $8 for silver - may make your investment inefficient below this level.

Can I link more than one bank account to my BullionVault account? Read morex
Linking your bank account with your BullionVault account gives you a very high level of security.
Of course, we understand that it’s not always possible to transfer funds from your BullionVault account to your original bank account.
For example, the original bank may fail, or your country of residence may impose restrictions that force you to leave and collect your money independently of your bank account. (In fact, it is for precisely these circumstances that many users want to buy gold for overseas storage.)
In exceptional circumstances, you can link your BullionVault account to a new bank account. When doing so, we will of course need to go through a strict security process to ensure the safety of your account.

What are the tax liabilities? Read morex
We regret we cannot offer tax advice specific to your circumstances. The following is general.
BullionVault operates from the UK where no taxes apply on the purchase of investment gold or silver bought for storage within the professional vaulting system.
Depending upon your tax jurisdiction if you sell your bullion at a profit it is likely that you'd be liable to a form of capital gains tax. For example, if a UK resident made profits exceeding £10,000 on gold in any one tax year - and no matter whether they had traded in London, New York or Zurich - they would be liable to a self-declared liability of 28% on profits above the £10,000 allowance. Many other western countries have similar systems, with an allowance and a tax on gains thereafter payable at a flat rate.
Users often arrange to sell some of their bullion each year, but ensure that any profit they make stays within their allowance. While prices are rising this has the effect of providing tax free growth.

Do I have to pay VAT/sales tax on my gold or silver? Read morex
No, sales tax is not due on gold or silver purchases.
BullionVault gold and silver are both VAT (sales tax) free - for as long as they are held in accredited vaults. If you choose to withdraw your gold it remains exempt, but 20% VAT will apply if you choose to withdraw your silver bullion.

Can I just talk to someone? Read morex
Yes, of course. We offer a very friendly and knowledgeable telephone support service. Call us on weekdays during London office hours. All our support staff speak English and we also offer French, German, Italian, Spanish, Japanese, Hindi, Turkish and Polish. Our contact numbers are immediately below this answer.

Contact Us
Phone

Email support@BullionVault.com

Address BullionVault (Galmarley Ltd)
Landmark House (12th Floor)
Blacks Road
Hammersmith
London W6 9DP
United Kingdom
Registered in Great Britain: 4943684
BullionVault.com © 2012


Please note: you are using an out-of-date version of Internet Explorer.
The BullionVault website may not display properly, but the site will still be functional.
Upgrade Internet Explorer now
Continue to site
Please note: you are using Internet Explorer with "compatibility mode" enabled.
The BullionVault website may not display properly.
Please switch off compatibility mode by clicking the icon in the toolbar, as shown.
Turn off compatibility mode
Please note: you are using Internet Explorer with "compatibility mode" enabled.
The BullionVault website may not display properly.
Please switch off compatibility mode by clicking the icon in the toolbar, as shown.
Turn off compatibility mode