LONDON, 8 May 2018 – BullionVault is named today as a low-cost way of owning gold by leading global news-wire and data providers Bloomberg.
"Currencies provide the most obvious way to play a Dollar view," says the note for Bloomberg's global client-base of finance professionals using its terminals.
But if you are bearish on the Dollar, and expect it to fall, "holding physical gold is one of the best ways" to bet, because the storage costs on vaulted bullion can be cheaper than funding costs on the currency market.
"Online trading platform BullionVault charges as little as 0.12% per annum for allocated gold," Bloomberg says – almost as low as the fee to "major investors" with direct access to London's specialist vaults of 0.10%.
Bloomberg subscribers will find the full report on the terminal.
