BullionVault Question

[Charles Mackay]

Re: BullionVault Question

I like BullionVault better than Perth Mint certs because it has all the advantages of Perth Mint Certs plus I can trade gold in my account on BV with thousands of other account holders 7/24.

No doubt the easy trading online is a major advantage rather than having to call Euro Pacific or Asset Strategies in order to arrange a buy or sell of Perth certificates.

I'd sure like to read an opinion from a law or accounting firm that did a thorough investigation of the structure of BullionVault.Com and the custodial arrangement with Brinks. I assume Adrian Ash and EJ have looked into this though and are satisfied.

[grapejelly]

Re: BullionVault Question

There are a lot of risks with Bullionvault. It isn't the same as holding physical.

There are risks to holding any assets in any form, of course. The risks for Bullionvault are political, legal, their insolvency, a court order, investigation for money laundering, freeze on their assets, intentional fraud, etc. etc.

When you have all this gold in one place, it's bound to be a target when push comes to shove.

I wouldn't be comfortable with this arrangement, personally.