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We use cookies (including third-party cookies such as Google) to remember your
site preferences and to help us understand how visitors use our sites so we can
improve them. To learn more, please see our privacy policy and our cookie
policy.
To agree to our use of cookies, click 'Accept' or choose 'Options' to set your
preferences by cookie type.
Options Accept
* About us
About BullionVault In the press Reviews
* English (UK)
English English (UK) Deutsch Español Français Italiano Polski 日本語 简体中文 繁體中文
* Daily audit
* Help
* Contact
* Deposit
* Login
* Open account
* Buy Gold
* Buy Silver
* All Bullion
Live order board Daily Price
* Investment guide
Guide to gold How to invest in gold Gold investment Investment insurance
Compare asset performance Guide to silver How to buy silver Why invest in
silver Guide to platinum How to buy platinum Platinum investment
* Gold news
Gold news front page Gold price news Opinion & analysis Market fundamentals
Gold/Silver Investor Index Infographics
* Charts
Gold price Silver price Platinum price Palladium price Price alerts
* English (UK)
English English (UK) Deutsch Español Français Italiano Polski 日本語 简体中文 繁體中文
* Daily audit
* Help
* Contact
* Deposit
* Logout
* Account
Balance Deposit funds Withdraw funds Withdraw 100g gold bars Reserve bars
Validation Documents Settings
* History
Orders Statement Deposits & withdrawals Profit & loss 100g gold bar
withdrawals Referrals
* Buy/sell bullion
Vaulted gold & silver Live order board Daily Price
* Investment guide
Guide to gold How to invest in gold Gold investment Investment insurance
Compare asset performance Guide to silver How to buy silver Guide to platinum
How to buy platinum
* Gold news
Gold news front page Gold price news Opinion & analysis Market fundamentals
Gold/Silver Investor Index Infographics
* Charts
Gold price Silver price Platinum price Palladium price Price alerts
BUY GOLD, SILVER AND PLATINUM BULLION ONLINE AT THE LOWEST POSSIBLE UK PRICES
Watch our video
BullionVault lets UK private investors access the professional bullion markets.
You can benefit from the lowest costs for buying, selling and storing gold and
silver.
BullionVault is the world's largest online investment gold service taking care
of £3.3 billion for more than 100,000 users. It is part-owned by both GBIT and
Augmentum Fintech plc.
Bars are stored in professional-market vaults in London, Zurich, Toronto,
Singapore or New York. You choose where. Because of our size, you benefit from
the low storage costs we have negotiated, which always include insurance.
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 quick and easy. You could own any quantity of physical gold and
silver bullion almost instantaneously.
On this page you'll learn who we are, then why we exist, and how we get you the
best bullion at the cheapest prices.
BUY GOLD, SILVER, PLATINUM AND PALLADIUM AT THESE LIVE PRICES
*
*
*
*
*
London Vault
tozkg
$£€
Gold
Buy
£48,360
Sell
£48,280
Silver
Buy
£562
Sell
£560
Platinum
Buy
£24,113
Sell
£23,050
Palladium
Buy
£31,350
Sell
£30,940
Updated 04/10/2023 11:25:10
Spot: gold price | silver price | platinum price | palladium price
Latest news: Gold and Silver Prices Whacked by 'Higher for Longer' Bond M...
More news
Latest trades:
Zurich gold: 0.002kg @ £48,370/kg [11:22:23 BST] London silver: 11.611kg
@ €649/kg [11:19:21 BST] London silver: 0.757kg @ €649/kg [11:19:21 BST]
London silver: 2.732kg @ €649/kg [11:19:21 BST] Zurich gold:
0.054kg @ €55,860/kg [11:18:00 BST]
Zurich gold: 0.002kg @ £48,370/kg [11:22:23 BST] London silver: 11.611kg
@ €649/kg [11:19:21 BST] London silver: 0.757kg @ €649/kg [11:19:21 BST]
London silver: 2.732kg @ €649/kg [11:19:21 BST] Zurich gold:
0.054kg @ €55,860/kg [11:18:00 BST]
WORLD'S LARGEST ONLINE INVESTMENT GOLD SERVICE
£75 million of gold and silver traded monthly £3.3 billion of clients assets
100,000 clients across 175 countries
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.
Winner of three Queen’s Awards for Enterprise
BullionVault won the UK's prestigious Queen’s Award for Enterprise 3 times: for
Innovation in 2009 and International Trade in both 2013 and 2022.
Voted Best Gold Broker, Reader's Choice Awards
MoneyWeek is the UK’s best-selling financial magazine.
LUXURY AND POWER PERSIA TO GREECE
AN EXHIBITION PROUDLY SUPPORTED BY BULLIONVAULT
It's free to open an account and registration takes less than a minute.
There's no obligation to trade.
Open account
WHY CHOOSE BULLIONVAULT?
World's biggest online bullion market
BullionVault manages £3.3 billion of bullion and assets, including some
£2.4 billion worth of gold - more than the gold reserves of most countries.
Low rates for buying and selling
BullionVault charges a maximum of 0.50% to buy or sell gold, silver or platinum
on the live order board. Above $75,000 (currently about £61,800) you pay less.
View our rates.
Deal in any size
We have over 100,000 users, who have invested between £100 and £10,000,000.
Next-day withdrawals
You can sell for instant settlement at any time. Funds will usually arrive in
your bank account the next working day.
Investment grade bullion
All gold, silver, platinum and palladium bought through BullionVault is part of
a good delivery bar, which can be traded on the world's professional markets.
Allocated gold, silver and platinum
You own your bullion outright. It’s your legal property. We only deal in
allocated gold, silver, platinum and palladium – never unallocated.
High-security vaults
Your bullion will be stored in your choice of professional bullion market
vaults, selected from among multiple locations worldwide.
Daily Audit
BullionVault is the only bullion business that publishes a daily audit online,
which explicitly reconciles your gold, silver, platinum and palladium to formal
third-party Bar Lists.
Wholesale storage rates and insurance
Insurance and storage is 0.12% per annum for gold. This is less than a third of
the normal 0.4% charged as an annual management fee by most ETFs.
Set your own price
With BullionVault you can deal direct with other users. Both of you can quote
prices, so you can both save dealing costs by cutting out the middleman.
Deal in your own currency
You can buy and sell in Pounds Sterling, Euros, and Japanese Yen as well as US
Dollars. This allows you to save the high cost of converting currency.
Deal at any time
BullionVault is the only place in the world where you can buy or sell gold,
silver, platinum and palladium 24/7.
It's free to open an account and registration takes less than a minute.
There's no obligation to trade.
Open account
> "Dramatically cuts the cost of gold ownership."
>
> Financial Times
> "Highly successful online trading site for physical gold and silver...Overcame
> key technological hurdles to link securely an investor's name with his or her
> holding, stored in a vault in London, New York, Singapore..."
>
> Daily Telegraph
> "An online gold market with vaults storing more gold than the central bank
> reserves of Canada, Hong Kong, Ireland and Qatar combined."
>
> Wall Street Journal
> "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."
>
> MSN Money
THE WORLD'S LARGEST ONLINE INVESTMENT GOLD SERVICE
More than 100,000 people from over 175 countries use it to buy and own some
£3.3 billion of gold, silver and platinum
WHY BULLIONVAULT WAS SET UP
BullionVault was set up to solve two problems that made it very difficult for
private individuals to buy, store and sell gold in a simple, safe and
cost-effective way.
The problems The solution
Private individuals 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 around
$600,000 each. (The silver bars weigh 1,000 oz.)
This puts the best prices out of reach of most private individuals.
Private individuals 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 around $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.
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.
* Whether buying or selling you get the best professional bullion market
prices.
* 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.
* BullionVault metal is held fully allocated to BullionVault users. It is
insured, and stored in your choice of location. The bullion is your legal,
physical property.
* No-one matches our dealing or storage charges.
Read more
It's free to open an account and registration takes less than a minute.
There's no obligation to trade.
Open account
CUT THE COST OF BUYING GOLD AND SILVER
BullionVault is the world's biggest online bullion market. Economies of scale
mean you can buy, sell and store gold and silver 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.
Lowest costs
Save on insurance
Avoid the high cost of currency conversion
How do our storage rates compare?
The cost of ownership for the average BullionVault user who buys gold through
our order board and owns it 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.
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.
Via their currency trading spread most banks, gold brokers and stockbrokers (for
gold ETFs) charge non-US gold buyers a hidden 1.5 to 3 percent for currency
conversion into and out of US dollars.
But you do not have to deal gold in dollars. At BullionVault, there is also deep
and direct gold liquidity in Pounds Sterling, Euros and Yen which means you
eliminate that unnecessary and costly currency conversion.
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.
RATES AND COSTS
FREE
* Opening account
* Depositing funds
* Insurance
0.50% - 0.05%
Commission for order board trades. More details
Buying/selling gold, silver, platinum or palladium
0.12%
Gold
0.48%
Silver, platinum or palladium
Per annum. Minimums apply
Storing gold, silver, platinum or palladium
Open an account today
FAQS
Value Safety & Security Taxation Can I ...
Why are BullionVault prices so much better than the competition?
You'll have seen the current prices for buying gold, and selling, on our front
page. At the moment, in ounces, it’s about [Sell] £1,501.68 – £1,504.16 [Buy].
Where do our gold, silver and platinum prices come from?
They come from other BullionVault users, just like you.
BullionVault offers a marketplace exchange in accredited, pre-vaulted, privately
owned, professional market bullion. You get to deal directly with another user
who wants to sell when you want to buy, and vice-versa. You both save money by
cutting out the middleman, both when you buy and when you sell.
It’s easy too. You'll check the price on a price chart, choose your own dealing
limit price, and enter your order.
The more competitive the price you post the higher your chance of doing a deal,
and if you offer to pay the price at which somebody is already offering (the
‘Buy‘ price, or ‘Best Offer‘ - here £1,504.16) you'll deal straight away.
There is 24/7 competition between users to offer each other the best price.
That’s why BullionVault prices are genuinely ‘competitive’.
Our website makes using an exchange very simple and safe for you, and people
from all over the world have quickly got the hang of it and empowered themselves
to deal gold cheaper. Open exchanges and competing quotes get you better prices.
That's why we do it this way. But if you're a bit nervous just call us. We're
more than happy to help you through your deal on the telephone.
How deep is BullionVault's liquidity?
BullionVault offers you exceptionally reliable and deep liquidity through four
complementary channels.
1. The best price is usually offered by another BullionVault user. You deal
direct with them, cutting out the middleman to your mutual advantage. This
direct client-to-client dealing accounts for about 65% of trading volume on
BullionVault.
However clients aren't forced to quote great prices, so about 35% of the
time our own price is better for you. That means you'll trade directly with
BullionVault itself – via one of our robots.
2. 'Robots' are computer programs which receive an electronic price feed and
use it to quote prices on the BullionVault Order Board in just the same way
as you and other clients do. Ours manage BullionVault's own $40 million
inventory. Robots are subject to the same limitations as you, which means
they can only sell what they already own physically in the vault, or buy
with their cleared cash balance. You buy from them, or sell to them, just
like you would directly with another client, but only while they offer a
better price. It's as simple as that.
BullionVault's robots usually quote prices in larger quantities than most
clients do; sufficient to deal $2m worth instantaneously when world bullion
markets are open. In normal circumstances they quote prices 24/7 and offer
the most dependable and instantly accessible medium-size liquidity of any
bullion trading environment anywhere in the world.
Clients with an interest in computer programming often develop robots for
themselves and use them to trade like professional dealers. This brings yet
more liquidity to the marketplace.
3. Sometimes, like on the day Lehman Brothers went bust, clients acquire all
the immediately available stock from our robots. Although we immediately buy
new stock to replace what was sold it takes 48 hours to be delivered, and
because the gold is not yet in the vault the robots have no stock to sell.
At such times you benefit enormously from the access BullionVault gives you
to the liquidity of the full depth of the London market. You can enter an
order to buy or sell at the benchmark prices published by the London Bullion
Market Association (LBMA). These prices represent the deepest daily pool of
bullion market liquidity in the world – typically restricted just to
professionals, which is why you access it through us.
We allow you to buy or sell as much gold as you want at the Daily Price, and
we take onto our own stock the rounded up fraction of a 400 oz bar.
The London Prices published by the LBMA are used widely all around the
world.
4. Finally we offer a special service for larger clients. They can telephone
deal through us directly on the London Spot Market. During the London
trading day they can deal whole bars of gold (400 oz multiples), half
pallets of silver (16,000 oz multiples) or a minimum of 4 bars (18.66 kg) of
platinum or palladium at the world market price.
You might not realise how this service for wealthy customers contributes to
your liquidity; but it does.
Suppose a wealthy client had 400 oz of gold in BullionVault already, but
with heavy demand from buyers there were few offers on the Order Board. The
cheapest gold on BullionVault would start to drift above the world market
price, as bidders bid over the world price. But the wealthy client can
execute a spot market order to buy at the world market price, and offer the
gold they already own in the vault to other BullionVault users for a small
but easy profit.
That's natural market forces being used to keep liquidity flowing at fair
prices – and it works on BullionVault because anyone who can make settlement
to the main market, in whole bars, can use the main market as a source or
sink of bullion.
We believe the best way to offer you highly reliable and fairly priced liquidity
is to open channels to the largest number of market participants and back it up
with access to the deepest markets. Most of our competitors provide you with a
single counterparty – themselves – and this reflects in their pricing. So if
reliable liquidity at fair prices is what you are looking for, then BullionVault
sets the standard.
Main market trades in options 3 and 4 incur a two business day settlement delay
and have a different fee structure. Please see the tariff.
Is BullionVault open- or closed-ended?
BullionVault is open-ended. An inbound or outbound armoured delivery is run
whenever there are several bars to collect or deliver. Usually this is about
twice a week.
BullionVault itself is the main user of this open-ended structure, which lets us
manage our own inventory to act as a buffer between the smaller investment sizes
typical of retail investors, and the larger settlement quanta of the
professional bullion market.
However any BullionVault user who wishes to make or take delivery of 1 bar of
gold (400 oz), a half pallet of silver (16,000 oz) or a minimum of 4 bars (18.66
kg) of platinum or palladium can use the same open-ended nature of the system by
settling their professional spot market trades directly into or out of the
vault.
How does BullionVault compare to coins/bars and ETFs?
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 and platinum
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. Not only do the results of referenda and elections usually come out
overnight, but also there is now a growing list of crises which the authorities
have deliberately kept hidden until late Friday evening, so as to avoid the
judgment of the markets for as long as possible. To their regular frustration
this prevents ETF owners trading at the most important and advantageous times.
Being a 24/7 service BullionVault remains open, and becomes exceptionally active
during these events.
Who manages BullionVault?
Acting through the Chief Executive the BullionVault Board directs company policy
to be implemented by the management team.
The management team is:
Paul TustainChairmanRobert GlynneChief ExecutiveJustina PrytulaFinance
DirectorDavid HemmingsCTO (Chief Technology Officer)Adrian AshResearch
DirectorJustyna OsuchHead of Customer ServicesThomas PodvinHead of Payment
OperationsDaniel JayMarketing DirectorJohnny StewartProduct & Operations
DirectorIzabela KacprzakSenior Trader
In total the company employs 37 people at its London office.
Is BullionVault a safe organisation to do business with?
Having first won The Queen's Award for Enterprise, for Innovation, in 2009,
BullionVault again won in 2013 and 2022, both for International Trade. The award
is conferred by the UK's Prime Minister on behalf of the Queen.
Both BullionVault and its vault operators 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 also a member of the London Platinum and Palladium Market,
[LPPM]. The LPPM is a trade association that acts as the market's principal
point of contact with regulators and other official bodies, such as HM Revenue
and Customs.
BullionVault operates without gearing and carries sufficient surplus
shareholders' funds - held as cash and available at short notice - to operate
with zero revenue for five years. For full financial figures please download the
latest 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 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 Alex Stewart International who annually
inspect and reconcile the physical metal in the vault to the bar list, and
report directly to BullionVault's auditors Armstrong Watson, who publish that
report on their own website.
Although we communicate with the world via the internet BullionVault is a
bricks-and-mortar business which welcomes your visit. Come to our offices at 3
Shortlands (7th Floor), Hammersmith, London, W6 8DA, UK. You don't need an
appointment, although it would likely save you some waiting time.
What would happen if BullionVault failed?
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, silver, platinum and palladium 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, silver,
platinum and palladium 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 - available at short notice - sufficient to cover the
gross costs of running their operation for five years without any revenue. The
standard equivalent requirement for the banking industry is 3 months.
How can I be sure of the quality of the bullion?
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, platinum and palladium are different. Good delivery silver and platinum
bars are refined to 99.9% purity or better for silver and 99.95% purity or
better for platinum and palladium and traded at gross weight. The good delivery
silver, platinum and palldium in your account is at least 99.9% or 99.95% pure,
respectively.
How can I be sure the gold, silver, platinum or palladium is in the vault?
Your gold, silver, platinum and palladium 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 silver, fine gold, platinum or palladium content of each bar
and the total amount of bullion held. We publish the bar lists produced by the
vault operators for BullionVault users' bullion.
BullionVault maintains the ownership records of all that bullion. Each day we
publish online 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 amounts of bullion are in the vault.
Is there any counterparty exposure?
No. BullionVault Order Board trades settle immediately.
Your gold, silver, platinum and palladium 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 vaults in seconds. That's much faster than your bank.
Couldn't BullionVault's management suddenly authorise the removal of all the
gold?
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.
How do I know your website is secure?
BullionVault uses a highly secure and encrypted system architecture in wide use
across industry and government. But we all realise these systems are imperfect,
so BullionVault goes further to protect your property even if someone were to
gain access to your account.
‘Burglar alarm’: In the form of an SMS message sent to your mobile phone your
Burglar Alarm can be set to sound whenever your account is accessed, or an order
placed. It will always sound when a withdrawal request is entered, and before we
wire your money. (A nominal charge of $0.20 per SMS applies.)
Your linked bank account: When you transfer funds from your bank account to
BullionVault the two accounts are linked together. Outbound funds only go to
your linked bank account, which can only be changed with a written endorsement
from your new banker. Even if a third party were able to access your
BullionVault account, they could only sell gold at the market price, and send
the money back to you.
What are the tax liabilities?
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, silver, platinum or palladium 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 an
individual resident in the UK made profits exceeding £6,000 on gold in the
2023/24 tax year - and no matter which jurisdiction they had traded in - they
would be liable to a self-declared liability of 20% on profits above the £6,000
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, silver, platinum or palladium?
No, sales tax is not due on gold, silver, platinum or palladium purchases.
BullionVault gold, silver, platinum and palladium are all VAT (sales tax) free -
for as long as they are held in accredited vaults. Gold generally remains exempt
on withdrawal (though this may depend on the jurisdiction in which you live),
but 20% VAT will apply if you choose to withdraw your silver, platinum or
palladium bullion.
take physical possession of the gold, silver, platinum or palladium?
Yes - you can.
The vast majority of users keep their metal safely in the vault. When they sell,
they receive cash in their BullionVault account which can then be withdrawn back
to their bank account.
But you can also withdraw the metal. The fees vary according to the
circumstances.
Where you cannot reasonably be paid safely by bank transfer we reduce our fee to
just 1%, plus transport and insurance costs, regardless of the size of your
withdrawal.
Where the normal bank transfer could be used, but you elect a physical
withdrawal:
Gold
a. For whole, standard 400 oz gold bars the cost is 2.5% plus insured shipping.
b. Smaller standard 100g bars cost about 3-5% - depending on the location they
are going to. This includes shipping and insurance.
c. We also allow withdrawal of non-standard amounts (e.g. smaller bars) but
these cost 7.5% as we have to buy these products in to meet your request.
The minimum withdrawal is 50g.
Silver
We only support withdrawal of whole 1,000 oz bars of silver bullion. The fee is
10%.
Platinum
We only support withdrawal of whole kilograms of platinum. The fee is 10%.
Palladium
We only support withdrawal of whole kilograms of palladium. The fee is 10%.
BullionVault gold, silver, platinum and palladium are all VAT (sales tax) free -
for as long as they are held in our vaults. Upon physical withdrawal gold
remains exempt, but 20% VAT then applies on silver, platinum and palladium.
hold bullion in a SIPP using BullionVault?
Yes. See our SIPP information page to learn how.
get a certificate?
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
certificates in issue than there was gold backing them.
Title to BullionVault Client gold derives from the register which modern
technology (the internet) allows us to put in the public domain.
You will receive a monthly statement which reflects the register. You can view
the register online whenever you want. 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.
choose any vault location?
Yes. You can choose whichever you prefer, although note that we don't store
silver, platinum or palladium in every location.
We allow you to spread your holdings across multiple locations, and it has no
cost implication for you. Your charges are worked out as if all the bullion was
stored in the same place.
Lots of people choose to store their bullion in an overseas jurisdiction because
they see this as a wise precaution against the re-imposition of capital controls
at some stage in the future.
deposit any amount?
You can deposit any amount. Our users have invested between £100 and
£10,000,000.
You may choose to try the system with a small deposit and purchase before making
a larger investment.
Please note that we recommend avoiding overall investments below £1,500. That's
because the minimum monthly storage charge - $4 (currently about £3.30) for gold
and $8 (currently about £6.59) for silver or platinum - may make your investment
inefficient below this level.
See an example of commission and storage fees using our cost calculator.
link more than one bank account to my BullionVault account?
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.
just talk to someone?
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,
Polish and Chinese (Mandarin and Cantonese). Our contact numbers are immediately
below this answer.
Open an account
Try out buying and selling with a free sample.
Transfer funds
Make a bank transfer to your BullionVault account.
Buy gold, silver or platinum
In your choice of vault through the live order board.
Validate your account
Upload photo ID and bank statement.
Open an account today
CONTACT US
EMAIL
* support@BullionVault.com
PHONE
* +44 (0)20 8600 0130 (UK and International)
* 9am to 8:30pm (UK), Monday to Friday (Opening Hours)
ADDRESS
Galmarley Ltd T/A BullionVault
3 Shortlands (7th Floor)
Hammersmith
London W6 8DA
United Kingdom
* Contact us
* About us
* Privacy notice
* Terms & conditions
* Cookies
* Rates & charges
* Affiliates
* Corporate services
* Gold SIPP
* Cost calculator
* Twitter
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* YouTube
*
*
Galmarley Ltd, trading as BullionVault, registered in England and Wales 4943684
BullionVault Ltd © 2023
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