Bullionvault

http://www.bullionvault.com/from/akoort

* It used to be very difficult for private individuals to find a simple, cost effective and secure way of buying, storing, and later selling gold.
* The big problem was that the narrow ’spreads’ of the professional bullion markets required settlement in ‘good delivery bars’, so if you couldn’t make delivery in these bars you were excluded from enjoying professional market prices.
* These bars are both very large (usually 400 troy ounces [12.4kg]) and must have been kept continuously in recognized bullion vaults from the date of their original manufacture.
* So just having enough money to buy a bar or two was only half the problem solved. You needed a relationship with a formally recognised bullion vault, and generally they were not accessible to retail customers. The entry level was typically 15 – 20 big bars.
* So the only route for retail used to be small bars without the good delivery status, and this meant high dealing costs. Retail ’spreads’ were typically 4-6%, which compared to about 0.4% for main market gold (once physical delivery was included).
* But now people from all over the world can own gold, and keep it in any quantity in officially recognised bullion vaults – in London (UK), New York (USA), or Zurich (Switzerland).
* In these vaults it is held in the form of minimum 99.5% assayed ‘good delivery’ bullion bars, many of which are co-owned by unrelated private individuals who might own anything from 1 gram upwards.
* Although it is privately owned this gold is stored within the vaults of the professional bullion markets, so it retains its full resale value. Unlike privately stored bars a BullionVault bar retains the good delivery status for sales back into the professional bullion markets, where prices are highest. This eliminates one of the biggest costs in private bullion ownership.

* BullionVault customers also save because they deal directly with each other – willing seller to willing buyer – via BullionVault’s public order board. Bid/offer spreads are consistently narrow, and if they are not narrow enough the customer narrows them for himself, and can even earn the market spread – as if he were a market professional.
* Gold is retained in the vaults without trust intermediates as customers’ outright property, in storage facilities reserved exclusively for BullionVault customers and run by Brinks – the largest secure vault operator on Earth. Storage charges are at wholesale rates and insurance is included.
* It is very easy to become a member of BullionVault and most people join simply to buy some gold at a very good price, and to store it safely without having lots of hassle. So that’s what the main features are geared to.
* There are other features of BullionVault which are unique and valuable for you, and which you can start learning about below. We aim to make BullionVault safer, more cost effective and more accessible than any other way of buying gold.
*If you want to save money for buying gold you can use right software for your business http://www.softforsmallbusiness.com/

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