LONDON, 20 September 2011 - BullionVault, the secure, low-cost physical gold market for private investors, is today highlighted as a cost-effective way of owning bullion by the UK's independent investor champion online, Interactive Investor (iii.co.uk).
Boasting some 8 million unique users per year, Interactive Investor says that its discussion boards "have been going crazy with vigorous debate" over the best way to hold precious metals.
Noting that professional allocated accounts are a much "cheaper" way of owning physical bullion than paying for safe-deposit boxes, "An allocated account gives you title to a specified amount of gold (or silver) that can be withdrawn in physical form on request," writes regular columnist, investor and numismatist Peter Temple.
"Bullionvault, for example, will buy and sell bullion for 0.8% commission and keep holdings in an allocated account for 0.12% per year."
That fee, says Temple, contrasts with safe-deposit boxes - now a "limited" service at most major banks, but available at London department stores Selfridges and Harrods for a minimum of £120 and £235 per year respectively.
BullionVault's annual minimum storage fee - with insurance included - is US$48, some £32 at current exchange rates.
You can read the full article at Interactive Investor here...
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