AgeingBabyBoomer
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Posts posted by AgeingBabyBoomer
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Bullion Vault Watch - discusses the different ways to sown gold, including whether Bullion Vault is safe, including charts of how much gold they have.
http://bullionvaultwatch.blogspot.com/
This article: http://bullionvaultwatch.blogspot.com/2008...vault-safe.html
The two links no longer work - do you have updated ones?
ABB
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The only thing that bother me about goldmoney ishteir buy sell spread.
e.g.today, they sell at $14.529, but buy at spot $13.89,
a 5% difference.
similarly for gold, sell at 689.40, buy at 666.20, a 3% markup.
BullionVault is selling at about $1 over spot...their literature
states that the difference is for manufacture and delivery
(to their vaults), so why are gold money charging so much?
ABB
After reading the BullionVault literature som emore, they apear to use standard
400oz bars, and one buys a slice threof.
So you basically get spot price with a very narrow spread.
Kitco (for instance) will deliver individual 1oz ingots, so I expect
manufacture and delivery costs are higher, though that doesn't explain
the spread on pool or unallocated metals.
ABB
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The only thing that bother me about goldmoney ishteir buy sell spread.
e.g.today, they sell at $14.529, but buy at spot $13.89,
a 5% difference.
similarly for gold, sell at 689.40, buy at 666.20, a 3% markup.
BullionVault is selling at about $1 over spot...their literature
states that the difference is for manufacture and delivery
(to their vaults), so why are gold money charging so much?
ABB
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Went to silver exchange and they have the follwong message:
'Due to the high level of fraudulent activity, all international purchasing has been ended.
International customers who have bought from us in the past: Contact Us to order'
Doh. Any other VAT exempt routes to owning physical silver?
BullionVault doesn't appear to deal it. If I buy junk bags of coins,
how easy are they to resell?
ABB
The Beginners Guide to Gold/Silver
in Mining and Precious Metals
Posted
They seem to be fans, as did the folks at iTulip, which reassures me somewhat.
Thanks
ABB