Friday 8 March 2013

Unit Cost Averaging into Physical Gold with Bullionvault

For years, I have wanted to be able to set up a fixed monthly saving into physical gold (and silver, take please, Goldmoney and Bullionvault), but it's never been possible. Also galling is the fact that with Goldmoney it is possible if you are a US citizen.

However, Bullionvault just sent me this :-

You can now build up regular savings in gold without needing to place orders yourself or deal directly on BullionVault's online market.

BullionVault's new Automatic Gold Investment Plan allows you to buy gold regularly with minimum effort.

Simply enable the new feature in your account settings and arrange for a monthly deposit into your BullionVault account from your bank. Each payment will then be used to buy gold automatically at the price set at the next London Fix, the global benchmark used in the professional wholesale markets.

A dealing charge of 0.8% applies. Your gold will be stored at the usual costs in the Zurich vault. You can stop making deposits or sell your bullion and withdraw your funds at any time, without notice or penalty.

Find out more about the Automatic Gold Investment Plan and get started today.

The great thing is, you can also make your payments in Dollars, Euros or Pounds!

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