Buying gold with Bullionvault

savingsguy

Hi there,

I'm buying some gold with Bullionvault for the first time.
If anyone uses Bullionvault I'd like to know what the difference it between the bullion options for:
Gold: London, Gold: Zurich Gold and similarly New York, Toronto and Singapore...
I think this is where the physical bullion is held - does this matter?
Being UK I'm assuming Gold: London is fine.

Thanks!

markj113

It doesnt really matter which vault you select.


You can check the buy/sell spread and any storage fees if they vary.

benbay001

I would check each city for pollution levels and choose the city with the lowest level.

Then when the apocalypse comes you can buy your bread without having to do too much cleaning before hand.

Nullboris

I dont really think buying |"Gold" ..other than the Spandau record, is very sensible. The price you pay is normally well over the buyback price, and if you have storage charges as well, then you're forking out continually. If the apocalypse happens your gold will be unreachable , you could maybe fashion it into a zombie club , buts its quite soft and malleable so not really suitable.
Dont believe the Keiser report , its meant to be a comedy show.

DiggerUK

Hi savingsguy, I am MSE's self appointed gold expert. Here is my tuppence worth.
Gold in sterling is approaching its all time high. Gold in $USD has been climbing for a while now. The GBP price being so high is mainly down to the GBP/USD fx rates, not how 'the economies' are performing (which ain't that good in my opinion)

There is every chance that the NY Fed may start to lower the US interest rates, that I suspect will put pressure on the fx rate which will trend the GBP price of gold down. If I were looking to buy gold now I would be cautious and wait, or average in.
My experience has been that averaging in is the best strategy irrespective of prices up or down.

As to BV, I have never seen the advantage of their platform. The ongoing costs are way too extravagant for my taste. It performs as a real time computer game to make you believe that you too can be Gordon Gekko..._