www.BullionVault.com - Anyone use?

[sebo]

Can't get search function to work - sorry if a repost.

Does anyone use the above to buy and store Gold?

Seb

[Maxf]

Just going to bump this up - I've been looking at Bullionvault myself.

Anyone got any stories? How close to the open market gold price do they get (as you are only dealing with members)?

[traxx]

Whats the point in owning actual real gold?

It's just a pain to buy/sell/store - just trade it financially if you want it

[sebo]

traxx said:

Whats the point in owning actual real gold?

It's just a pain to buy/sell/store - just trade it financially if you want it

Have a look at what Bullionvault offers RE: not taking delivery of the Gold.

My issue with this Bullionvault thing is one of trust. Here Mr Bullionvault, here's £xxxx can I have some gold that I will never see please?

[traxx]

Wouldn't you be better off doing it as a spread bet so:
1. you don't tie up capital
2. no CGT problems

[Maxf]

traxx said:

Wouldn't you be better off doing it as a spread bet so:
1. you don't tie up capital
2. no CGT problems

After the great 'gold spreadbetting disaster' of 2007 I'd steer clear

CGT on investments when spreadbets are available raises an interesting question... are you virtually ALWAYS better off using spreadbetting rather than taking actual ownership of the shares (assuming you arent after the dividends and dont want to hold long term)?

[Timmy33]

Maxf said:

CGT on investments when spreadbets are available raises an interesting question... are you virtually ALWAYS better off using spreadbetting rather than taking actual ownership of the shares (assuming you arent after the dividends and dont want to hold long term)?

One point worth making is FX. Although it's a side trade if you buy physical gold using £ and the £/$ rate falls ( as it looks set too ) then you will make an FX profit on your gold as well as benefitting from any $ price move in gold.

Another is size of lot, most spread bet firms will let you do a £ a tick, so currently the minimum you can do is buy approx £9,000 all at once, in effect. Using Bullion Vault or an ETF you can for example buy £500 a time over a period of weeks/months...to spread your risk of buying just before a correction.

I recommend you take a look at ETFs one offers a mix of gold, silver, platinum and palladium for example. You'd end up with a pretty large position if you wanted to replicate that in a spread bet. Physical ETFs are the same as Bullion Vault for all practical purposes.

Here's a linky

http://www.etfsecurities.com/msl/etfs_physical_pm_...

Btw ETFs also now allow you to take short positions.

Edited by Timmy33 on Tuesday 26th February 11:22

[sebo]

Cheers Tim. If I can get out on time Thursday you can tell me more over a beer in DD's I'll be sure to get there as early as possible before the Ale takes effect..