BullionVault

BullionVault is a P2P platform for buying and selling physical gold & silver bullion, securely, at low cost. As of January 2013, BullionVault held over $2billion worth of client assets. The bullion is kept in approved vaults within the London Good Delivery system. Good delivery bullion bars are produced by London Bullion Market Association [LBMA] approved refiners, have a known history and can be easily re-sold. Most of the world's professional gold dealing happens within the LBMA good delivery rules. BullionVault is a full member of the LBMA. Unlike most gold investment products, BullionVault's clients own their gold directly as property in their own name within the jurisdiction the gold is stored. Clients can chose to store their gold in Zurich, London, New York or Singapore. An internal market allows clients can trade their holdings with each other in units as small as a single gram. Clients can choose to place large orders [800oz] through the London professional markets. BullionVault itself also runs trading bots to ensure liquidity, quoting two-way prices on its exchange 24/7. In June 2010, the gold industry's key market-development body the World Gold Council joined with the internet and technology fund Augmentum Capital, which is backed by the London-listed Rothschild Investment Trust, in making an $18.8 million (GB £12.5m) investment in the business. This makes BullionVault rare as a disruptive start-up that has been willingly embraced by an established industry. Their exchange's technology stack runs almost entirely on open-source components. CTO Kris Jenkins says, "I couldn't imagine trying to build a company like BullionVault using proprietary software. I've seen startups die while they were still negotiating support contracts. Often when they could have picked an open solution so reliable it would never need support." The company was founded by Paul Tustain in 2005 and is based in London with an office in New York.
Company Growth (employees)
Type
Private
HQ
New York, US
Size (employees)
33 (est)+4%
BullionVault is headquartered in New York, US

Key People/Management at BullionVault

Robert Glynne

Robert Glynne

COO
Paul Tustain

Paul Tustain

Director
Justina Prytula

Justina Prytula

Financial Director
Johnny Stewart

Johnny Stewart

Head of Product

BullionVault Office Locations

BullionVault has offices in New York and London
New York, US (HQ)
575 Madison Avenue
London, GB
Landmark House (12th Floor)

BullionVault Financials and Metrics

Summary Metrics

Total Funding

$18.2 m

Latest funding size

$18.2 m

Time since last funding

over 7 years

Investors

BullionVault's latest funding round in June 2010 was reported to be $18.2 m. In total, BullionVault has raised $18.2 m

BullionVault's Web-traffic and Trends

BullionVault Online and Social Media Presence

BullionVault News and Updates

Investors bought a record amount of gold in the last two weeks

Private investors increased their gold and silver holdings to a fresh record high due to subdued metal prices. Investors on BullionVault, the world's biggest online market for physical gold and silver, took a shine to gold, buying a record quarter-tonne of the yellow metal in the past two weeks a…

Gold sentiment fell in June as investors cut holdings for the third month

Gold sentiment among Western investors fell from May's five-month high last month as global stock markets set new records. Investors on BullionVault, the biggest online market for physical precious metals, cut their total gold holdings for the third consecutive month in June. New interest in t…

Sterling-priced gold jumps on hung parliament result

Sterling-priced gold shot to a seven-week high this morning after the General Election resulted in a hung parliament. The bullion boost comes amid uncertainty over the Conservative party's failure to win a majority, which caused the pound to plummet. Spot gold prices rose more than two per cen…

Gold hits a six-week high ahead of the General Election

Gold climbed to six-week highs this morning as risk-averse investors flocked to the safe haven asset. The yellow metal was up 0.75 per cent to $1,292.30 per ounce at the time of publishing ahead of a week packed with major events, including the UK's General Election. "It’s quite normal to see …

BullionVault Company Life and Culture

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