BullionByPost Review
Table of Contents
Owner: Rob Halliday-Stein
Website: www.bullionbypost.co.uk
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- Gold Price Alert Service
- Live gold, silver, platinum gold charts
- 24/7 access to buy gold
- Access to invoices and full order history to monitor your investment performance
- Monthly insights and special offers to your email inbox
- Plus much more extras
Click here to register for your free account
Simply sign up for a BullionByPost account today and enter our referral code: X01F HIZ3.
When you spend over £250 BullionByPost will send you a free 1oz silver Britannia coin with your order.
BullionByPost Review
BullionByPost was launched in 2008 By Founder Rob Halliday-Stein.
Background Of Rob Halliday-Stein
Rob’s has a wealth of experience working in Operations, Marketing and HR for 7 years at D&A Opticians. He previously worked with Asda for a short while and helped produce and launch the Children’s clothing Brand George. Rob, 38 started BullionByPost in 2008 using the money he inherited from his Mum’s will, £10,000.00 to buy Gold and Silver. This is where he saw the gap in the market for small purchase buyers. As he experienced the large premiums from established bullion dealers himself. Rob runs BullionByPost from his office located in Birmingham’s Centre City Tower located next to Bull Ring Shopping Centre. BullionByPost is a part of Jewellery Quarter Bullion Limited (JQB) it’s registered as a Private Limited Company on Companies House.
How Established Are They?- BullionByPost Review
BullionByPost has been operating since the 25th of November 2008. They have 25 staff and managed to handle 100,000 plus orders during 2013-14, with a turnover of 96 million. Therefore based on the statistics, there quite established and a legitimate company. They have been operating in favour of the customer to be able to purchase a Bullion at a fair price.
Why Buy Gold?
In times of doubt and when the economy is struggling, people turn to Gold. Even though Gold doesn’t make you money or give you a monthly income. It can be a great peace of mind or insurance policy. In the event of there being a recession, take 2007 for an example. The gold price shot up, please take a look at the chart below. Pre-recession the gold price was sitting at £330.78 an ounce in August 2007. It then rallied all the way up to £1100,00 an ounce in September 2011. Therefore, in uncertain times gold is bound to shoot up, in this case, it kept going up for five years.
Register for your free account today and receive a load of benefits
- Gold Price Alert Service
- Live gold, silver, platinum gold charts
- 24/7 access to buy gold
- Access to invoices and full order history to monitor your investment performance
- Monthly insights and special offers to your email inbox
- Plus much more extras
Click here to register for your free account
Simply sign up for a BullionByPost account today and enter our referral code: X01F HIZ3.
When you spend over £250 BullionByPost will send you a free 1oz silver Britannia coin with your order.
Is It Safe To Buy from BullionByPost?
Based on the fact that all goods are sent fully insured and require a signature on receipt this is safe enough? Still not convinced? Well, we’ve looked into it, they provide you with a tracking number. Email confirmation, when the item is dispatched and also their insurance policy is underwritten by Lloyds. With content insurance up to the value of £50,000.00. However, please note once the item has been signed for, insurance is no longer in place. Therefore, if having the parcel delivered to work, or if you share your house with others. Make arrangements so you are there to sign for it. Bullionbypost also gives you the option to buy directly from the store In Birmingham City Centre. However, they do not store all bullion products on site. Therefore, it is good to call before making your journey, to check if they have what you need.
Is the Gold Certified from Bullionbypost?
All of the gold bullion bars sold by bullion by post are 24 Carat, Therefore, 99.99% purity of gold. All bars are brand new and you can select bars which are approved with the LBMA, London Bullion Market Association. Therefore, each bar will go for rigorous quality testing before dispatched and will include a certificate if the bar selected is an approved manufacturer of LBMA. Please note not all bars carry certificates, however, I would recommend paying a little more and buying a Bar which as a certificate from a company which is approved by the LBMA. The following are all approved manufacturers, Umicore, Metalor, Heraeus and UBS. All the larger bars above 250g will come with a serial number and a matching certificate for your own peace of mind for the purity and quality of your gold bar.
Do BullionByPost Buy The Gold Back From You?
Yes, BullionByPost will buy gold back from you, If the Gold or Silver has been purchased directly from them. They will pay a minimum of 98% of the spot price for Gold & Silver Bars and Coins. Also dependent on the demand at the time, they may offer higher prices to buy back from you. If you didn’t buy your bar or coin directly from them, not to worry they will still buy this off you for a slightly lower price. They also buy back LBMA and non-LBMA approved bars, therefore, if you have any gold or silver you want to sell, give them a call to lock in your price.
Why Is The Gold Price More Expensive Than The Spot Price On BullionByPost?
So after reading this review, you are most likely going to head straight over to their website and look at how much you can buy some gold for, only to notice that their prices are higher than the spot price. Why? Let me explain, The spot price is based on the interbank transfer rate for large gold bars of 12.5kg, this price is available only to banks, this also does not include transport costs, Brokers fees, Insurance and storage. Therefore, the bars which are smaller are sold at a premium to the London spot price, this is due to the costs to test and produce smaller bars. Therefore, it does work out cheaper if you buy your bars in bulk.
Do You have to Pay Vat On Gold from Bullionbypost?
No, There is currently no VAT charged on investment gold throughout the EU. However, silver is charged at the standard rate of 20%.
Summary
Therefore to summarise my BullionByPost review, they are an official and reputable Online Bullion Dealer, who offer a great service for a small-time purchase of bullion at a fair price. From reading through their reviews, the minimal negative feedback is mainly down to late deliveries and missed opportunities to give people presents. However, I wouldn’t let this put you off, all I would say is to make sure you are there to sign for your delivery, as it is not insured once signed for. If there is anything you would like to know further, which I have missed in this BullionByPost review, please feel free to comment below and we will get back to you and update this post with the answers.
Register for your free account today and receive a load of benefits
- Gold Price Alert Service
- Live gold, silver, platinum gold charts
- 24/7 access to buy gold
- Access to invoices and full order history to monitor your investment performance
- Monthly insights and special offers to your email inbox
- Plus much more extras
Click here to register for your free account
Simply sign up for a BullionByPost account today and enter our referral code: X01F HIZ3.
When you spend over £250 BullionByPost will send you a free 1oz silver Britannia coin with your order.
BullionByPost Review
Owner: Rob Halliday-Stein
Telephone No.0121 634 8060
