BullionVault

Gold, Silver, Platinum Prices & Investments.

GOLD PRICES have hit a record high, rallying after speculators cut their bullish Comex bets but gold ETFs continued to expand as European stock markets cut earlier gains amid fresh Russian attacks on Ukraine’s capital Kyiv, writes Atsuko Whitehouse at BullionVault.  

The Ukraine w#r coming to the 1-month with no ceasefire or end in sight, gold prices in US Dollar terms rose to $1935 per ounce after dipping below $1920 last Monday morning.   The spot market also rose for Wholesale Bullion for UK and Euro investors, reaching £1465 and €1750 respectively.  

Ukraine has seen their growing shares in issue need an additional 67 tonnes of bullion backing, expanding their aggregate holdings to 1,594 tonnes, the biggest since March 2021.  

Oil prices meantime surged, taking Brent crude 14% higher since Wednesday, as the European Union was reported to be considering a Russian oil embargo this week. US President Joe Biden is due in the region for Nato, Group of 7, and EU summits, aiming to agree more steps against Moscow.  

Aluminum prices jumped 5.1% after Australia announced an immediate ban on alumina exports to Russia. Russia accounts for about 6% of the global supply of aluminum and Australia supplies almost 20% of Russia’s alumina, the key ingredient for producing the industrially useful metal. The price of palladium – of which Russia accounts for 40% of the world’s total mine production.

Buy Gold with BullionVault.

What is the cheapest most efficient way to buy gold?

There are many ways to buy and own gold. Coins and small bars offer a popular but costly way of doing so. The coin’s price is only one element of its total cost. Think about how much money you will get back when you sell.

How BullionVault enables you to buy gold in a cheaper, safer and easier way.

  • You buy gold in 1 gram increments within LBMA approved wholesale bars
  • You pay prices that are closer to the wholesale market price.
  • No VAT or Sales Tax.
  • No delivery costs.
  • Your gold, silver, platinum & palladium is stored in professional vaults you choose where.
  • Professional vaults mean you pay the lowest storage & insurance costs.
  • Buy & sell 24/7 and instantly have funds back in your account ready to be withdrawn.
  • UK users can make their first purchase up to £5k with a debit card.
  • 5* TrustPilot rating & reviews.
  • BullionVault manages $3 billion in client property for over 100,000 users.

BullionVault lets private investors around the world access the professional bullion markets. You can benefit from the lowest costs for buying, selling, and storing gold and silver.

BullionVault is the world’s largest online investment gold service taking care of $3.8 billion for more than 100,000 users. It is part-owned by both GBIT and Augmentum Fintech plc.

Bars are stored in professional-market vaults in Zurich, London, Toronto, Singapore, or New York. You choose where. Because of our size, you benefit from the low storage costs we have negotiated, which always include insurance.

You can sell at any time, without penalty, and your money will be wired the next business day. You can also withdraw your bars.

BullionVault is quick and easy. You could own any quantity of physical gold and silver bullion in about 2 hours.

PRICES.

Silver

Prices for silver, increased by 0.2% to $25.03 per ounce which finds an annual demand of nearly 60% industrial uses.

Platinum

Platinum, finds two-thirds of its worldwide demand from industrial uses led by auto-catalysts, rose 0.2% to $1029 per ounce.   “This renewed safe-haven buying in the form of ETFs and physical investment demand will keep prices elevated so long as the Fed does not drastically hike real rates into positive territory,” said Swiss refining and finance group MKS Pamp in their recently revised 2022 precious metals forecast.  

NOTE FROM THE EDITOR: BullionVault is one of the most trusted businesses on the web, this is because thousands of thoughtful and wealthy people all over the world are turning to gold, silver, platinum, and palladium – and to BullionVault – as a response to currency expansion running out of control. This article is for information purposes only. You need to do your own research and due diligence on investing your money. No Person writing or promoting this article or the owners of this site have acted, directly or indirectly, as a broker, finder, or financial advisor for Purchaser in connection with this article. However, this article has affiliate links and the owner (the affiliate partner and publisher of this site) may receive a commission if the reader decides to register and invest with BullionVault.

BullionVault

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