Difference between revisions 768734790 and 768941388 on enwiki

{{Infobox company |
  name   = BullionVault.com|
  foundation     = 2005|
  logo           = [[File:BullionVaultLogo.png|250px]]|
  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 an operating business of its parent company, Galmarley Ltd. On 17 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 OctoberApril 20167, more than 646,000 people had used BullionVault to buy, store and trade physical gold and silver. Between them, they owned $1.5 billion worth of gold bullion (£1.2bn, €1.4bn, ¥15670bn)<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 $36187m (£297311m, €33065m, ¥438bn) in physical silver.

==Exchange process==

Clients of BullionVault hold their gold and silver in vaults controlled by BullionVault, thereby creating a legal [[bailment]].<ref>[https://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 Y(contracted; show full)
== References ==
{{Reflist}}

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

[[Category:Gold investments]]