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Bear Lake Gold has created this BullionByPost review to help our readers decide if this is the right gold dealer for your investment needs.
We use a rigorous review methodology to review all gold and precious metal companies. You can find more details of our review methodology by clicking the link.
This review will look at different areas like the products and services offered, the costs of products, and their services. This review will also contain details about their unique selling points for this company, with their pros and cons should you decide to buy gold and precious metals from them.
We should be right up front and state that BullionByPost is not one of our top three gold IRA or gold dealer recommended companies.
You can find our top three recommended companies below. You can also request further details from our top three recommended companies by clicking on any of the buttons below.
We recommend that everyone start saving for their retirement years as early as possible, as the more money you save for your retirement, the better your financial position. According to MacroTrends 2022 data, 79 years is the estimated life expectancy in the United States.
Now, if you retire at the age of 60 (early retirement), based on CDPC estimate, you have 19 years to spend money without actively working. Will your current retirement pot last you that long? Now think about inflation: at the time of writing this article it is 9%, and inflation can have a devastating effect on the buying power of your pension pot in future years.
One way to help protect your retirement funds against inflation might be by investing in gold and precious metals. Investing in gold and precious metals and adding to your retirement savings through a company like BullionByPost or one of our top three recommended companies is one way to make your retirement pot potentially outlive you.
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BullionByPost is a bullion dealer currently headquartered in Birmingham, United Kingdom. It uses posts for its delivery of gold and silver to its customers.
Jewellery Quarter Bullion Limited is the parent name of the organization, and BullionByPost is the name it uses for trading.
BullionByPost Background and Information
Rob Halliday-Stein founded the BullionByPost in 2009. Between 2012 and 2013, it made $2.5 million in profit from a net sale of over $100 million.
BullionByPost, in 2016, got the description as the largest online dealer of gold in the United States. At this particular point in 2016, it made $6 million in sales. That day, they beat their 2014 record of making $5 million in sales in just one day.
BullionByPost’s founder Halliday-Stein associated the hike in the number of sales with Donald Trump winning the United States Presidential Election in 2016. The win led to market uncertainties, and the company hit almost $12 million in sales.
BullionByPost is the leading dealer of bullion online. It gives investors in the United States opportunities to purchase gold and silver bullion coins and bars.
BullionByPost bullion prices are amongst the best in the industry when you compare them with the prices in the global markets. Its bullion coins and bars are brand new. The company gets its supplies from refiners approved by LBMA (London Bullion Market Association).
The refiners approved by LBMA deliver only high-quality precious metals to their customers based on standard regulations. BullionByPost is one of the distributors authorized by the Royal Mint.
Below are the services BullionByPost offers.
BullionByPost provides real-time prices of real precious metals and allows customers to buy online. After customers order with the FREE spot prices, they will deliver the bullion in 24 hours.
The bullion delivery to customers is covered by Lloyd's of London Insurance.
BullionByPost offers investors a variety of bullion gold bars. The gold bars are in different sizes and prices. All the gold bars by BullionByPost are 24-carat pure gold, and they are the best for investments.
They stock coins from the largest global mints. Examples of these are Sovereigns and Britannias: they are BullionByPost best sellers and are Capital Gain Tax-Free.
The organization also sells silver bars from organizations like Umicore and Metalor. Additionally, they buy silver coins from globally approved refiners. Silver bars and coins prices are low and perfect for investment.
For investors who want to buy bullion but do not want the bullion delivered, BullionByPost allocates storage solutions. These storage solutions are highly secure and fully insured.
These investors can pay for the storage of their bullion for as low as $12 per month. The company will provide such investors with professionally managed vaults by Brinks (a leading global security organisation).
Today, individuals control their pension savings more because of the changes in pension legislation. As an investor, you may not need to buy an annuity: you can choose to invest your pension savings. What it means is this: it is now important to secure your pension savings value for a long.
Therefore, you can now hold Gold in a pension through SIPP (Self-Invested Personal Pension) or SSAS (Small Self Administered Scheme). If you already have a SIPP or SSAS provider, BullionBYPost can work with them. Alternatively, they can give you a list of SSAS and SSIP to select.
BullionByPost buys precious metals from customers in bars, scraps, and coins for the best market prices. They also make selling these precious metals secure, fast, and straightforward.
When you sell your precious metals to BullionByPost, the metals will pass through checks. If the precious metal is verified, the organization will pay the money into your account in less than three working days.
BullionByPost recommends Royal Mail Special Delivery for those who want to sell precious metals to them. It considers this logistics as the safest and fastest if you need to deliver the precious metal you want to sell to them.
Your precious metals should have at least $600, $1200, or $3000 insurance value to sell to BullionByPost. If your precious metals are worth more than $3000, the company recommends separating the metals into additional parcels.
They can also redeem smaller bullion coinages of 1/2oz, 1/4oz, 1/10oz, and 1/20oz.
BullionByPost is a bullion company that sells and buys gold, silver, platinum, and palladium. It makes purchases or sales quick, safe, and accessible. Furthermore, it offers delivery in 24 hours with free full insurance.
You can look at their real-time spot pricing for free and buy precious metals from them for the best prices in the precious metals market. Below is the list of products that BullionByPost sells.
For investors who do not want to lift their bullion, BullionByPost offers storage options and prices. Investors can store their bullion for as low as $12 monthly with the Brinks through BullionByPost.
The company is running a 6-month free storage package for investors who buy bullion worth $3000 and more. Once you sign up and purchase bullion worth $3000, you will not pay the monthly $12 per month fee for storage for the first six months.
After the first six months of buying, you will resume paying the usual $12 per month if you still want BullionByPost to keep storing your bullion in their Brink’s professionally managed vault.
Bullion By Post does not offer Gold or Precious Metal IRAs or a Gold IRA Rollover service.
You can get precious metals that are approved for inclusion within an IRA from them. However, suppose you are looking to invest for your retirement using gold or other precious metals. In that case, you are much better to invest directly with a company that is an approved Gold IRA specialist. Investing directly with a gold IRA specialist will avoid transfer fees and additional unnecessary tax issues and make funding for your retirement a smoother process.
We have already highlighted the three companies that came top-ranked in our annual Gold IRA reviews, and to reiterate, these are.
The company offers a variety of gold bars for low premium spot prices. All BullionByPost’s gold bars are fully insured, 24 Carat, pure, and newly manufactured by refiners approved by LBMA.
BullionByPost offers a wide variety of gold coins for lower margins. World-renowned International mints manufacture all BullionByPost coins.
BullionByPost offers the widest variety of box sets and gold-proof coins. The prices are competitive premium prices. Part of the selections is edition coins and sets from previous years. The majority of the coins and boxes are Royal Mint minted proof sets and coins. These coins are free from VAT
Proof Half Sovereigns
Proof Quarter Sovereigns
Three-Coin Proof Sovereign Sets
Four Coin Proof Sovereign Sets
Five Coin Proof Sovereign Sets
UK Coinage Proof Sets
1 Pound Proof Coins
Proof $3 coins
Proof $6 coins
1/10oz Proof Britannias
1/2oz Proof Britannias
1/4oz Proof Britannias
1oz Proof Britannias
Brilliant Uncirculated Gold Coins
Britannia 2 Coin Sets
Britannia 3 Coin Sets
Britannia 4 Coin Sets
Britannia 5 Coin Sets
Britannia 6 Coin Sets
New Zealand Coin Sets
Proof 50p Gold Coins
Proof Canadian Mint
Proof China Mint
Proof Perth Mint
Proof Pobjoy Mint
Proof US Mint
Royal Mint Medals
Royal Mint Misc Sets
BullionByPost offers low-margin price silver ingots, bullion coins, and bars. The low margins make the coins ideal for investment. The silver coins are brand new and pure (up to 999 fine silver).
BullionByPost offers a variety of special gift ideas. The gifts are in fine boxes made of durable oak to give your gifts a valuable look. The precious metals are perfect for special events like anniversaries, weddings, and birthdays.
The Queen's Beasts
Chinese Lunar Years
James Bond 007 Bar
BullionByPost also offers investors numismatic coins that are very valuable and rare.
BullionByPost stocks different low-premium PAMP palladium bullion bars. All palladium bars by the company are 999.5 pure and newly manufactured by PAMP Suisse refineries with LMBA approval.
1 Gram Palladium Bars
2.5 Gram Palladium Bars
5 Gram Palladium Bars
10 Gram Palladium Bars
1/2 Ounce Palladium Bars
20 Gram Palladium Bars
1 Ounce Palladium Bars
50 Gram Palladium Bars
BullionByPost sells stock precious metals from a variety of renowned global refiners. These refiners have accreditations from standard companies like COMEX, LBMA, SGE, and DMCC.
You can purchase accessories like gift boxes, tubes, and coin capsules. These accessories are in different shapes and sizes. They store all the precious metal bars and coins on PostByBullion online stores.
A wide variety of ladies and mens jewelry is also offered by this company, the selection includes earrings, pendants, necklaces, bracelets, anklets, rings lockets and jewelry sets. The jewelry they offer can be purchased in all forms of precious metals and with a wide variety of gemstones.
What Makes BullionByPost Unique?
They are a leading gold and silver bullion supplier globally, and they have built a great reputation across the globe with many investors.
Here are the qualities of BullionByPost that distinguish it from other bullion companies.
You cannot ignore the importance of customer review site rating. Clients' reviews and feedback give people an idea of what the public thinks about the organization.
This feedback and reviews will give details about the product and services quality of BullionByPost and its customer service. In addition, feedback and reviews will provide details about what others need to know before doing business with BullionByPost.
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3 out of five stars
We could only find four reviews on the Facebook review page. Two were bad and two were good, but hardly a significant enough sample to draw a conclusion from
4.8 out of five stars
Out of 1,021 reviews on Trustpilot, 91% were excellent, 4% were great, 1% were average, 1% were poor, and 3% were bad. A more realistic sample size of 91of % satisfied customers tendssuggests to suggest this company might be amongst the best in the industry for the purchase of coins and bullion but not for investing in Gold IRAs.
In this Bullion by Post review, we thoroughly examined our own experiences of dealing with this company. We think they are a good choice if you are in the European market and looking to purchase precious metal coins or bullion; however, if you are in the USA or looking to invest in gold or other precious metals for your retirement through a gold IRA or precious metals IRA, there are much better choices.
Bear Lake Gold Groups' extensive and rigorous evaluation methodology has identified what we believe to be the top three gold and bullion dealers operating in the USA. These companies offer seamless opening of IRAs accounts and a funding mechanism that will ensure a tax-free or efficient transfer of funds from existing 401k 457 or 432 retirement plans. See below for our top recommendations.
Goldco has over a decade of experience in the precious metals industry. This muc awarded much-awarded company have already collected the following awards
If you are looking for a highly rated gold and silver bullion dealer, this would be an excellent choice for you.
Augusta Precious Metals is a great IRA provider for people who are seeking total transparency, convenience, and comprehensive easy process for retirement investments..
The company offers the following products:
The company also has thousands of customers including Joe Montana. In addition, Augusta Precious Metals offers free web conferences with Harvard-trained educators.
American Hartford Gold is a family-owned and operated company. They aim to help families and individuals to invest in the precious metals industry.
They are both agreat option for gold, silver and platinum purchases both inside or outside a precious metals IRA