LONDON, 16 August 2012 - World-leading gold and silver investment provider BullionVault is today detailed as a cost-effective way to buy physical gold by the Investors Chronicle, the UK's second-best selling investment weekly, with 25,000 paid subscribers.
"Buying physical gold can present storage and insurance problems," says the Investors Chronicle. With gold coins, such as sovereigns and Krugerrands, "There's often a big spread between dealers' buying and selling prices," too.
"'Good Delivery' gold bars - the sort that big banks trade in - are beyond the reach of most private investors," says the magazine, first published in 1860 and taking its current name in 1914.
"At current prices, a standard 400-ounce bar would cost $640,000 ($410,250). But you can own fractions of such a bar through services such as BullionVault.
"BullionVault's customers buy and sell online at spot market prices, while storage charges are 0.12% a year, or a minimum of $4 a month, with insurance included. Trading through BullionVault's automated systems is available 24 hours a day, all year round, with commission charged at between 0.02 per cent and 0.8 per cent."
Investors Chronicle subscribers can read the full report in the August 18th edition.
Gold bullion - Buy online at live gold prices.
