BULLIONVAULT V GOLDMONEY
Once you have decided to buy gold bullion online, you then need to decide which gold bullion company to buy your gold from. Two of the main contenders for buying gold bullion online are Bullionvault and Goldmoney. Both of these companies allow you to buy gold which is allocated to you and can be stored on your behalf. Basically each company acts as a broker buy you own the actual gold that you buy. We have already reviewed each of these companies separately – see our Bullionvault review and Goldmoney review for more information. However, on this page we have built a table of the key features for each company. This should hopefully make it easier for you to decide which gold bullion provider is best for you.
|COMPANY LOCATION||Bullionvault is a UK registered company based in London||GoldMoney is based in Jersey in the Channel Islands|
|REGULATION||Bullionvault is regulated under English Law||GoldMoney is regulated by the Jersey Financial Services Commission|
|SMALLEST INVESTMENT ALLOWED||1g of Gold||1g of Gold|
|GOLD STORAGE LOCATIONS||LONDON, NEW YORK, ZURICH AND SINGAPORE||LONDON, HONG KONG OR ZURICH|
|CURRENCIES ACCEPTED||EUROS, POUNDS STERLING AND US DOLLARS||Australian dollars, Canadian dollars, Swiss francs, Euro, British pounds, Hong Kong dollars, Japanese yen, New Zealand dollars and US dollars|
|COMMISSION||0.8% (less for amounts over £21,000)||from 2.49% for purchases with a value up to $9,999 to 0.98% for purchases with a value greater than $1,000,000|
|ANNUAL CUSTODY & INSURANCE||0.12% (min. £2.75 per month)||0.015% monthly or 0.18% annually for holdings up to 49,999g and 0.0125% monthly or 0.15% annually for holdings of 50,000g or above|
|CAN YOU TAKE DELIVERY OF YOUR GOLD||Yes but the standard cost is 2.5% for withdrawing whole gold bars, and there is a 5% surcharge for withdrawals below 400 oz||Yes, in units of 100 gram or one kilo bars|
|AUDITS||DAILY AND ANNUAL||QUARTERLY|
We hope our comparison of Bullionvault v GoldMoney has been helpful. Don’t forget to read our reviews for more information on each company.