Simit Patel

Just wanted to make a quick announcement regarding a new offer from one of our sponsors, Bullion Vault (see my previous review). Bullion Vault recently announced it will soon offer trading in the spot silver market, in addition to gold -- in fact, it is already allowing select customers, like InformedTrades, to trade silver (see the screenshots below from the live InformedTrades account).

To recap, the primary advantages Bullion Vault is meant to offer is as follows:

1. Bullion Vault actually has the metals in its vault. Metals are allocated to you and are NOT regarded as an asset of Bullion Vault, but rather as their customers' assets. Delivery can be requested.
2. This is important for those who are concerned about regulatory risks imposed on the exchanges, or the idea that the futures market does not have all the gold that is being traded in contracts. This is a greater concern to those who interpret gold's ten year rally as evidence of systemic risk in the global financial markets -- the fundamental reason for gold's rally, according to certain schools of economics. Recent restrictions on gold trading in Vietnam are examples of the types of concerns that Bullion Vault's service is meant to cater towards.

Below is a screenshot the Bullion Vault platform.


And of course, keep your eyes open for InformedSilver -- the forthcoming sibling of InformedGold!

Click here to go to Bullion Vault.

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Thank

 

Ektrader

silver's going up

Ektrader

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Thank

 

kush

I just signed up with Bullion Vault, I'm going to have to learn how to trade silver. I bought .040 KG of silver and it went up by 50cents over night WOOT! lol

This seems like a good safe haven, the commissions seem low. I wish they had a download platform however.

Thank

 

Simit Patel

hi kush,

you should consider how actively you want to trade it; if you are trading actively for income, there are other options that work better. there are monthly storage fees and a commission of about 1.6% (half in, half out), so if you are actively trading for income, you may wish to pursue a less costly option. i use bullion vault to swing trade fairly big movements in the gold/silver ratio, and to store the bulk of my wealth. i really love it in that regard, although for more active trading i use more traditional brokers. anyway, i just wanted to share my perspective, and to inform you of the costs when trading in case you were not aware.

Thank

 

kush

THanks simit, I'm going to look at the traditional brokers. Interesting where FX takes you, now I'm looking at other markets and investment options. Diversification is good. At first I just wanted to make some $$, but now I understand that paper really can become worthless or extremely devalued.

Thank