Bullionvault Review – Industry Leader or Scam Artists?
Hi and welcome to an unbiased Bullionvault review.
Founded in 2005 and based out of London, UK Bullionvault is a peer-to-peer silver and gold exchange. It functions similar to a stockbrokerage in the fact that members can buy and sell, as well as keep track of their investments.
One thing that makes Bullionvault standout is the fact that it is partially owned by the World Gold Council. This allows members to have direct access to the professional bullion market.
Professional Gold and Silver Trading
One of the major points I want to go over in this Bullionvault review is that unlike many other precious metal investment companies Bullionvault doesn’t focus as much on things like retirement savings, protecting your assets from economic fluctuations, and similar investment methods.
Instead Bullionvault is mostly about one thing: profit.
Like a traditional stock exchange, most Bullionvault members are all about making money. This is accomplished through the buying and selling of gold and silver.
What this means for you is that if you’re new to this type of marketplace, or precious metal trading in general, you may find yourself overwhelmed at first.
While Bullionvault has a lot to offer for professionals who truly understand the gold and silver market, it may not be appropriate you if you simply want to make a wise investment to protect their financial assets or retirement savings.
Make a few wrong moves on Bullionvault and you could actually lose money instead of making a wise investment.
Ratings and Complaints
This Bullionvault review wouldn’t be complete without showing you what some of their clients are saying.
As with most other companies Bullionvault has plenty of consumer feedback. While there has been a lot of praise for the company from professional investors, there have also been some complaints as well.
One consumer on ResellerRatings had this to say about Bullionvault’s customer service in their Bullionvaut review:
“They treat you like you are a child, they do nothing but give you the run around and they love to delay things further by taking advantage of the time zone difference between the US and the UK” – Mikez1968
An actual employee of Bullionvault on GlassDoor commented in their Bullionvault review:
“Complicated systems sometimes make it hard to give quick service to clients.
No, I would not recommend this company to a friend – I’m not optimistic about the outlook for this company” – Anonymous Employee
While comments such as these are in the minority, they shouldn’t be ignored altogether either.
Here are some official ratings from other Bullionvault review pages:
5.63/10 – ResellerRatings
4.5/5 – Review Centre
2.5/5 – Glass Door
My Final Verdict
This unbiased Bullionvault review has revealed several important factors about the company for you to take into consideration:
- They has a lot to offer for individual professional gold and silver traders
- People new to gold and silver trade, as well as the precious metals market in general, might make mistakes and lose money
- Bullionvault is located in the UK, which may be troublesome for US residents due to differing laws and time zone issues
- Bullionvault is mostly about trying to make a profit through serious professional trading, not creating an IRA or anything of that nature
So what’s my final stance for this Bullionvault review?
- 7/10 for professional gold and silver traders
- 3/10 for everyone else
Overall Bullionvault is a good service if you have experience buying and selling precious metals in a highly professional, profit focused environment.
However, if you don’t know the first thing about precious metals trading and just want to protect your savings from hyperinflation, the declining US dollar, and other chaotic economic factors, Bullionvault isn’t for you.
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