![]() ![]() You will be buying accurately assayed, 100% fine*, permanently guaranteed gold bars. There you will pay the current world market inter-bank gold price. You can buy Good Delivery bullion directly on the wholesale markets as a private investor. It trades without a mark-up, and it guarantees no fakes. It’s a bigger more liquid market than gold coins. Good Delivery bullion is what defines the benchmark inter-bank gold price. Buying and later selling gold coins will cost you about 8% of your capital. When you sell back the discount is typically a further 2%. On top, you will pay a hidden mark-up which, though it varies from dealer to dealer, is rarely less than 6% and often much more. When you buy gold coins and small bars they are priced according to the world market inter-bank gold price. That said, we recognize that some people also like to keep a little bullion at home, and so we now enable UK users to buy gold coins. Gold coins for deliveryĪs explained above, owning wholesale bullion in a market-accredited vault is the safer, cheaper and easier way to own gold, silver, platinum and palladium. Our solutions to the problems of buying gold are widely recognised as the best, and we offer the lowest prices - guaranteed. They also know they can sell more easily for a higher price – whenever they want.īullionVault looks after more gold than any other online bullion provider - in fact the total currently stands at more than 11% of Britain's official gold reserves. They chose BullionVault because it avoids so many of the costs and problems associated with gold coin investment.Īs a result they feel genuinely safer, they spent a lot less time getting things done, and they spent a lot less money. Many of them began by looking at how they should buy gold coins, and then changed their mind and bought Good Delivery bullion instead. The costs and difficulties of buying gold coins are all easily avoidedĪt BullionVault we have already assisted 100,000 users on the journey you are taking. In addition there is 0.5% commission at purchase and 0.5% commission at sale. For instant dealing they are invariably within 0.1% of the spot price, making a 0.2% spread. Good Delivery bullion buy back prices are visible 24/7 on the BullionVault website. The other dealers were contacted and after negotiation agreed to a bid price 2% below spot under prevailing market conditions. Of the four Dealers only Dealer 4 was actively posting buy-back (bid) prices, which were 2% below the spot price.Small gold bars are usually cheaper than gold coins, but not much cheaper.Gold sovereigns are smaller than 1oz gold coins and materially more expensive to deal.Only the Good Delivery product can be used to settle a main market bullion trade.they have no numismatic (collector) element to their value, which therefore rests only on their gold content. All of these products are considered bullion.The additional costs and complexities of storing and insuring gold coins were not considered in this comparison. Recommended minimum of $2,000 because of $4 per month storage and insurance fee The bid/ask 'spread' plus any commissionĬheapest trading of any coin or bar from any supplierĪny quantity from 1 gram upwards. The supporting research examined trading costs by looking at coin merchant’s prices and comparing them to the BullionVault price for Good Delivery bullion. ![]() The following table illustrates just how expensive gold coins and small bar products are. ![]() Under the microscope: the high costs of buying gold coins get a very poor price when you want to sell. ![]()
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