Disclaimer: We are reader supported. We may be compensated from the links in this post, if you use products or services based on our expert recommendations. Please read our Advertising Disclosure.
With a presence in the market since 2008, BullionByPost is a reputable precious metals dealer that specializes in gold, silver, platinum, and palladium bullion bars and coins.
Rob Halliday-Stein, an investor with over 20 years of experience in precious metals, launched the business.
The UK's No. 1 online bullion dealer is BullionByPost, but it took many years and a lot of effort to get there.
More consumers have signed up for the business' website as of this writing than live in Oxford, and it offers over 3,000 distinct bullion and numismatic products.
Before we get started with this review:
We understand how difficult it is to pick a company that you can trust with your hard earned savings. That's why we create informative and useful information to give you as much knowledge as possible to make the right decision.
We created a list of our highest recommended investment companies, to make comparing and choosing the company best suited to your needs as easy as possible.
Look to see if BullionByPost was selected to our "highest recommendation" list this year!
Or...
Get a FREE Gold Investing Packet from our #1 recommendation:
Learn How to Protect Your Wealth - Tax and Penalty Free!
BullionByPost Background
It was founded in 2009 and is currently the top bullion dealer in the United Kingdom. It lies in the center of Birmingham, West Midlands, and is a division of Jewellery Quarter Bullion Limited.
Bullion By Post UK was initially intended for private UK investors. Its primary objective was to offer a straightforward and secure method for diversifying investment portfolios by acquiring bullion at low margins.
Investors in the United States of America are now able to use the service, thanks to the subsidiary.
The business is a licensed distributor of silver and gold bullion from several reputable, qualified, and LBMA-approved refiners. Heraeus, Umicore, Metalor, and PAMP are a few of them.
Additionally, they are one of the Royal Mint's two approved distributors. It should also be noted that only authentic British mint coins and sets are sold.
On their website, they offer a wide variety of information on a variety of bullion-related topics, but they also cover current events and have discussions about them in their Gold News section, where you can see the most recent news about gold, silver, the stock market, the value of currencies, and much more.
How Does it Function?
You may have been curious about how BullionByPost functions as a whole. You won't encounter any challenging tasks or other problems while going through the procedure.
You can choose the type of metal, its weight, and the services you want to receive using a straightforward method.
After that, you must pay the metal's purchase price to take ownership of the item. The metal is yours to keep for however long you like.
You make that decision when you intend to sell the metal, which may be a few years or months from now.
You have the option to sell the metal back to BullionByPost or any other merchant you want to receive a higher price. You won't have to cope with any constraints or limitations.
BullionByPost Shipping Info
All orders up to $50,000 in value or size are shipped utilizing one of BBP's insured shipping options, either using an express courier service with UPS or a combination of Royal Mail International and the USPS.
Free Shipping with Insurance
Orders under $1,500 will be delivered by the USPS and Royal Mail International, respectively. Normally, it takes between 5 and 7 working days for your package to arrive after your order is shipped, although it occasionally takes longer.
Free Insured Expedited Shipping
Once your order is delivered, it will take 3–4 working days to arrive through UPS for orders exceeding $1,500 or weighing over 1.6kg. The customer care staff at BBP will get in touch with any clients who order more than this amount or this weight.
Upgrade to Expedited Shipping for $25
BBP provides an expedited shipping upgrade for customers whose order is under $1,500 but who need a quicker delivery service. Orders being dispatched quickly will use UPS.
U.S. Import Fees
Customers should be informed that they are responsible for paying any local sales taxes related to the import of their goods due to American import regulations. Before their items may be passed by customs, the customer must pay sales taxes. Unfortunately, before shipment, BBP is unable to collect any sales taxes.
New York and New Jersey should receive UPS shipment within 2 to 3 working days of dispatch, and the rest of the country should receive it within 3 to 4 working days.
All orders will be fully trackable, and deliveries call for a signature. For enhanced security, your order will be delivered in unobtrusive, unbranded packaging, and orders above $50,000 will be sent out in separate packages.
What is Bullion?
The term "bullion" in the financial industry refers to the amount of precious metal contained in a bar, coin, round, or another form.
Although raw metal is most frequently used when talking about bullion, it can also refer to metal that has been transformed into an item, such as a gold or platinum coin.
The bullion content of an item is typically calculated by dividing the troy ounce weight of the item by the metal's purity. One troy ounce of 99.99 percent pure gold bullion, for instance, would be included in a one-ounce gold bar with a purity grade of.9999.
For those who are unfamiliar, a troy ounce is a unique weight measuring unit that is mostly used for precious metals. Since one troy ounce is equivalent to 1.09714 standard ounces, the distinction between the two is quite tiny but crucial to comprehend.
Why Do Investors Value Bullion?
Because spot prices for metals are determined by unit weight, the precise bullion content of a given item is crucial for investors in precious metals.
It is impossible to determine a specific metal's market value without knowing how much bullion it contains. All bullion products intended for use as investment-grade pieces are therefore branded with weight and purity information.
Bullion is the term for high purity physical forms of gold and silver that are frequently stored as bars or coins.
Bullion is typically kept as a reserve by central banks, and it is occasionally regarded as legal money. Bullion can be purchased or sold by investors from dealers participating in one of the several international bullion markets.
BullionByPost Returns Process
According to the Financial Services Regulations of 2004, once an order has been placed, there is no legal right to return or cancel it. The products that Bullion By Post sells are subject to changes in the financial markets.
However, there are specific situations in which you can ask BullionByPost to cancel an order you've placed; this is referred to in the terms and conditions as a request to employ BBP's termination service.
Any decrease in the underlying metal price of the items from the time the order was placed to the time it was canceled, as well as a termination fee, will be levied if you decide to cancel an order before delivery or collection.
Be sure to read the complete terms and conditions of BullionByPost for additional details.
Customer Service
BullionByPost takes great pleasure in offering the best possible customer service.
They think that providing excellent customer service is the foundation of their company and that doing their best to set themselves apart from other bullion dealers by offering their customers a warm, secure, and straightforward service.
A sizable customer support team is available at BullionByPost from 9 am to 6 pm, Monday through Friday, with extended coverage from 7 am to 10 night. BullionByPost is available to assist you by phone or email.
Are there any Hidden Fees with BullionByPost?
Many gold merchants omit to mention additional fees for mailing, delivery, insurance, and even the cost of receiving physical metal when quoting pricing for extras.
With costs that are quoted both online and over the phone that include everything, BullionByPost seeks to make purchasing bullion easy, transparent, and uncomplicated.
Why Purchase Gold?
Investments in gold provide both risk reduction and wealth generation. The precious metal can nevertheless provide respectable returns over the long term even in the absence of an economic catastrophe or geopolitical unrest.
You don't have to worry about your investment shifting too much in the market when you buy actual or physical gold.
You will find that the price of gold is more or less consistent as compared to other market assets when you compare the present price to earlier rates.
Because of this, your gold will continue to hold its value in the market for many years, giving you total protection for the future.
It is simple to pass down your actual gold investment to your children and grandkids. As you can see, many people present their children with gold items at weddings and other important life occasions.
If you want to invest money in gold to set it aside for future needs, this can also be a wise choice. While dividing up your possessions, you can also give them to your children, which will be advantageous to them in the long run.
Gold prices frequently rise in tandem with higher inflation rates and a weaker dollar. Typically, when an investor begins to realize they are losing money, they may attempt to purchase gold as a hedge asset.
This is consistent with the general theory that gold frequently keeps its value while the dollar declines.
How Good of an Investment is Gold?
For thousands of years, gold has been used as a long-term store of wealth and a common method of payment.
To diversify their holdings and protect themselves against drops in the value of stocks and bonds, many investors choose to maintain between 5% and 10% of the value of their portfolio in gold, whether in the form of actual bars and coins or vehicles like IRAs.
Given that gold's price moves inversely to the US dollar's, it may serve as a hedge against a drop in the relative worth of the world's reserve currency.
Additionally, it usually increases in value as an investment during times of inflation and unpredictability brought on by geopolitical unrest or other major world events.
BullionByPost: Is it a Scam?
Is BullionByPost a scam? No they are not. This gold trader is legitimate. They are owned by genuine people and have real addresses. They have been in operation since 2009, and if they were a fraud, it is unlikely that they would have lasted this long.
FAQ
How are the parcels delivered?
Every package dispatched by BBP is fully insured and demands a signature upon delivery. An online tracking number will be emailed to you once your items are sent.
Each package is covered for up to $50,000 by a "goods in transportation" insurance policy that is insured by Lloyds of London. Please be aware that until the package is signed for at the delivery address, it is insured.
Once the package is signed for at a workplace or condominium, BBP is not responsible for the contents.
BBP reserves the right to request identification from customers for any bullion sales to comply with anti-money laundering regulations. If you are purchasing on behalf of a business, they might need more details; if so, call BullionByPost for advice.
Can debit or credit cards be used to make payments online?
Up to a maximum of $15,000, debit and credit cards are accepted online by BullionByPost. Please be aware that this limit is subject to change and card payments will incur a 3% payment surcharge.
The simplest approach for many clients to pay BBP is through an online banking wire transfer. To find out more about their comprehensive selection of payment options, get in touch with BullionByPost.
Is identification required to make a purchase?
BullionByPost may need identification documentation and address confirmation for your security.
In some circumstances, they could ask for your documents to be certified, which calls for copies to be signed by a qualified party like a lawyer, accountant, notary, etc.
A team member from BullionByPost will get in touch with you to explain the procedure if this kind of ID is needed.
Why is the price of BullionByPost higher than the going market rate?
The large-scale interbank transfers of 12.5 kilogram London Good Delivery Bars serve as the foundation for the world spot gold price. This pricing excludes brokerage costs, transportation, storage, and insurance and is only accessible to large banks.
To account for the higher expenses of manufacturing and testing smaller bars, smaller bars are always sold at a premium to the London spot price. The most affordable BullionByPost premiums can be found on the largest bars.
Does BullionByPost include an assay certificate with each bar?
The gold bullion bars sold by BBP are all 24-carat gold, which is 99.99% pure gold. To demonstrate the purity of the gold, they are all marked with 999.9.
They include matching certificates with each of their large gold bars, each of which has its serial number. Every one of their bars is accompanied by a refiner's certificate, which is always visible in the image and indicated in the description.
All of their bars are brand new and come directly from the manufacturer, unlike some of their rivals.
Since the London Bullion Market Association has designated Umicore, Metalor, Heraeus, and PAMP as good delivery bar producers, they are all required to adhere to very strict quality control criteria.
Conclusion
It would be good to research the firm you are contemplating before making any kind of investment. BullionByPost is a trustworthy business.
You may be confident you are working with a respectable dealer if they have an easy-to-use website, excellent customer service, reasonable rates, a sizable inventory, insurance, and the willingness to buy back their products.
If you should have any questions about making the best investment, please feel free to contact us. We would be more than happy to discuss the options you have with BullionByPost.
BullionByPost is a legitimate gold and silver company, but we do not recommend them.
They aren't a scam, but they are not the best choice for gold investments and certainly not IRA's, like other companies we have written about on this website.
Or
>> CLICK HERE to read our list of the Top Gold Investing Companies. <<
Or, if you like what you have read about BullionByPost, you can go to there website below:
I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
