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Dow Jones: Rock Beats Paper For Gold Investors

LONDON, 14 February 2012 - Investors are "flocking to bullion" according to Dow Jones Newswire, using innovative providers led by BullionVault to buy physical gold and silver instead of paper contracts.

"The risks of gold-linked assets were highlighted in the collapse of futures broker MF Global Holdings Ltd," says the Dow Jones article, reporting that clients of the brokerage who thought they owned warehouse receipts for gold and silver bars when MF Global filed for bankruptcy "now face a potential 28% loss on their investments."

"I didn't want futures for the MF Global reason," says BullionVault CEO Paul Tustain, who founded the business in 2003 to meet his own needs as a private investor in gold.

"If you own physical gold you can't get caught out by a futures failure."


Plugging retail investors into the wholesale market, "Companies like London-based BullionVault...have lowered the bar for investors to buy physical gold," says Dow Jones. "Transaction costs are typically between 0.1% to 2.3%, according to investment-comparison website Trustable Gold."

World #1 for online gold investment, BullionVault charges between 0.02% and 0.8% when you buy or sell.

"I did buy coins before. I guess I'm just not comfortable with having all those coins in my house and it's a little cheaper when you go through BullionVault," says Steve Wilder of Katonah, New York. An equity analyst by profession, Mr.Wilder has been buying physical gold since 2009 through BullionVault.

You can read the full story from Dow Jones Newswires here...

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Dow Jones