Difference between revisions 616633739 and 616642100 on enwiki

{{Infobox company |
  company_name   = BullionVault.com|
  foundation     = 2005|
  logo           = [[File:BullionVaultLogo.png]]|
  location       = [[London]], [[United Kingdom]]|
  homepage       = [http://www.bullionvault.com/ www.bullionvault.com]|
}}
'''BullionVault''' is an internet [[peer-to-peer]] [[gold]]-and-[[silver]]-[[bullion]] exchange formed in 2005. Their headquarters are in [[London]], [[United Kingdom]].

==History==

Founded by Paul Tustain in 2005,<ref>[http://goldnews.bullionvault.com/ix_investor_presentation IX Investor Presentation]</ref> BullionVault is the sole operating business of Galmarley Ltd. On 17th June 2010 the [[World Gold Council]] and Augmentum Capital each bought an 11.4% equity stake, investing a total of £12.5m (US$18.8m). Augmentum's first fund, Augmentum I LP, is backed solely by [[RIT Capital Partners]], the [[FTSE Group|FTSE]]-listed investment trust in which Lord Rothschild and the [[Rothschild family]] are substantial investors.<ref>[http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7842235/Lord-Rothschild-fund-joins-World-Gold-Council-to-put-12.5m-into-BullionVault.html Lord Rothschild fund joins World Gold Council to put £12.5m into BullionVault]''The Telegraph'',
By Garry White, 11:26PM BST 20 Jun 2010</ref> 

As of the end of October 2013, more than 50,000 people had used BullionVault to buy, store and trade physical gold and silver. Between them, they owned $1.4 billion worth of gold bullion (£860m, €1bn, ¥135bn)<ref>[http://www.bullionvault.com/audit.do Daily Audit - Allocated Gold Bar Lists And Bank Statements - BullionVault.com]</ref>  – more than is held by most of the world's central banks<ref>[https://www.gold.org/government_affairs/gold_reserves/ Official World Gold Reserves] ''World Gold Council website''</ref> – plus a further $305m (£190m, €224m, ¥30bn) in physical silver. 

==Exchange process==

Clients of BullionVault hold their gold and silver in vaults controlled by BullionVault, thereby creating a legal [[bailment]].<ref>[http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXhlaFn8dzbQ BullionVault Will Expand Services to Silver] ''Bloomberg''</ref> Purchased gold and silver is held in allocated storage (with Via Mat International or with [[The Brink's Company]]) in either [[Zurich]], [[London]], [[New York]], [[Toronto]] or [[(contracted; show full)

BullionVault also launched a "Regular Gold Investment Plan" which allows users to automatically purchase gold in the Zurich vault at the daily price. Users set up a monthly bank payment to their BullionVault account and once the funds are credited BullionVault uses them to buy gold at the daily price.

==Retirement planning==
In the UK, it is possible to hold and operate a BullionVault account within a Self-Invested Personal Pension (SIPP) through a range of providers.
 Regulations mean that only gold, and not silver, can be held in a UK SIPP.

==Awards==
In 2013, BullionVault was one of the winners of [[The Queen's Award for Enterprise]]: International Trade, for growing overseas sales by 140% in 4 years.

In 2012, BullionVault was ranked #11 in the [[Sunday Times Top Track 250]] which ranks Britain's top 250 mid-market private companies by their turnover over the previous year. <ref>[http://www.fasttrack.co.uk/fasttrack/leagues/top250leaguetable.asp?siteID=5&searchName=&yr=2012&sort=num&area1=99 The Sunday Times Top Track 250]</ref>

In 2009, BullionVault was one of the winners of [[The Queen's Award for Enterprise: Innovation (Technology) (2009)]], for opening private access to the professional bullion markets.

== See also ==
* [[Full-reserve banking]]
* [[Gold as an investment]]

== References ==
{{Reflist}}

== External links ==
* [http://www.bullionvault.com BullionVault], official website.
[[Category:Gold investments]]