In the Press
Media coverage of BullionVault

Dow Jones, TheStreet, City AM: BullionVault Trading Grows 129% to £1.57 Billion

LONDON, 14 November 2011 - Several leading financial sites and newspapers today report the strong growth enjoyed over the last 12 months by BullionVault, the physical gold and silver market for private investors online.

London's City AM freesheet - now distributed to over 100,000 commuters heading for the Square Mile and Canary Wharf financial districts each day -reports the 129% growth in trading volumes on BullionVault's online gold and silver market. Users bought and sold more than £1.57 billion of physical metal on BullionVault in the company's latest full financial year.

"Savers rarely regret the decision to steer clear of governments which address economic problems by printing money," City AM quotes BullionVault founder and CEO Paul Tustain.

Dow Jones Commodities highlights the 48% rise in BullionVault's pre-tax profit to £5.5 million, attributing it to growth of more than 50% in the number of people using BullionVault to buy, own and trade physical bullion online.

"In a statement, the closely-held company said global economic troubles had fueled record trading in its online market, with 33,067 people now registered," says the newswire. "BullionVault's unaudited turnover rose 81% during the period, to £549 million."

German precious metals site GoldReporter also featured BullionVault's latest results, while in New York, top financial news-site notes that the stock of gold bullion bars belonging to BullionVault participants grew 34% to more than 26 tonnes over the last 12 months.

TheStreet adds that - in US Dollar terms - volume on BullionVault's exchange grew 142% to $2.52 billion.

"Gold and silver get more attractive as the crisis worsens," TheStreet quotes head of research Adrian Ash - who was also interviewed this morning by the Thomson-Reuters news and data service for its professionals-only Global Gold Forum.

"Our users buy the dips [and there is] is new demand if prices sell off."

Gold bullion - Buy online at live gold prices.

Dow Jones, TheStreet, City AM