How much will my gold cost and what are your charges?
How much hassle are you going to put me through?
We have a no hidden charges policy.
You pay the deal price plus our commission charge. Our commission is a maximum of 0.8% which reduces rapidly above $30,000. [I'm bigger, show me the tariff]
You pay for storing and insuring your gold. The fee is $4 per month for up to $40,000 of gold. Thereafter it is 0.12% per year.
You pay a commission when you sell, and a bank wire fee when you withdraw money back to your bank account.
Here's the summary of your total costs over a period:
For a 2 year holding on BullionVault...
|
Dollar value of your gold |
Approximate total costs (2 years) Buy Commission + Storage + Sell Commission + bank wire |
As an annual % |
| $5,000 | $40+(24*$4)+$40+$30 = $206 | 2.06% |
| $10,000 | $80+(24*$4)+$80+$30 = $286 | 1.43% |
| $20,000 | $160+(24*$4)+$160+$30 = $446 | 1.11% |
| $30,000 | $240+(24*$4)+$240+$30 = $606 | 1.01% |
| $60,000 | $360+(24*$6)+$360+$30 = $894 | 0.74% |
| $120,000 | $420+(24*$12)+$420+$30 = $1158 | 0.48% |
| $250,000 | $550+(24*$25)+$550+$30 = $1730 | 0.35% |
Now look how our world-beating storage and insurance costs bring the overall costs down for longer term holders.
For a 5 year holding...
|
Dollar value of your gold |
Approximate total costs (5 years) Buy Commission + Storage + Sell Commission + bank wire |
As an annual % |
| $5,000 | $40+(60*$4)+$40+$30 = $350 | 1.40% |
| $10,000 | $80+(60*$4)+$80+$30 = $430 | 0.86% |
| $20,000 | $160+(60*$4)+$160+$30 = $590 | 0.59% |
| $30,000 | $240+(60*$4)+$240+$30 = $750 | 0.50% |
| $60,000 | $360+(60*$6)+$360+$30 = $1110 | 0.37% |
| $120,000 | $420+(60*$12)+$420+$30 = $1590 | 0.26% |
| $250,000 | $550+(60*$25)+$550+$30 = $2630 | 0.21% |
These are exceptionally low gold ownership costs.
You should compare us to alternatives. When you do please take care to consider the hidden charges you may find:
spread cost, storage charge, fabrication charge, weight discount, currency conversion costs, roll-over dealing costs, futures/spread bet contango.
Please don't compare us with unallocated gold accounts which may appear good value but are not comparable. We too could put a one line entry in a ledger and pretend you owned some gold, but we don't.
Yes, OK there is a little hassle setting up the account. But we've minimised it as far as possible.
Try to think of it this way: you are executing the transaction which a few shrewd Argentineans did in 2001, and they greatly multiplied their domestic purchasing power when - later - their government acted to stem a developing capital flight.
Remember - most people can't be bothered. They won't make the effort for a possibility which seems remote right now. But they can end up paying a heavy price if their economy gets in a mess.
We think we'll complete everything in less than an hour of your time.
Please don't get cross with us for pressing you for account identity verification. It's important. It secures you if anything nasty happens to your bank, and it secures us from any suspicions about money laundering - a permanent concern wherever gold bullion is involved.
OK then?
That's it. You're there.
© BullionVault.com 2008 - Buy gold online at live gold prices