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In the volatile world of precious metals investing, UK enthusiasts often turn to established dealers like Bullion By Post.
Founded by Rob Halliday-Stein, it operates as Jewellery Quarter Bullion Limited from Birmingham's historic Jewellery Quarter since 2008. It has earned numerous awards for excellence.
If you're evaluating options for gold, silver, platinum, and palladium bullion, consider their reliable customer service and competitive pricing. (LBMA stands for London Bullion Market Association, a key standard for precious metals quality.)
This review covers pros like LBMA-approved products and insured next-day delivery. It also discusses potential drawbacks to help you decide.
Prior reading further, it is important to acknowledge that investing your savings is a not easy. When it comes to incorporating precious metals into your investment portfolio, how can you tell which companies are reliable?
After devoting extensive time and effort, we have conducted thorough research within the precious metals industry and compiled a selection of the most trustworthy companies.
Take a moment to read our list and determine if Bullion has what it takes to make the list this year!
This lets you to quickly compare the leading companies in this field and select the one that aligns with your specific requirements and investment objectives.
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Key Takeaways:
- Bullion By Post offers competitive pricing with low premiums on LBMA-approved gold, silver, and platinum products. It makes a strong choice for UK investors seeking value in bullion.
- As an authorized distributor for the Royal Mint and Perth Mint, it provides a wide, high-quality selection with secure, insured next-day delivery across the UK.
- Customer reviews praise reliability. Potential limitations like storage options and alternatives may suit those needing more comprehensive services elsewhere.
Pros of Using Bullion By Post for Investments
This dealer focuses on investment-grade gold, silver, and platinum products. All items come from London Bullion Market Association (LBMA) approved refiners for top quality and authenticity. If interested in exploring other trusted partners in the space, our Monetary Gold Report review offers valuable insights.
Competitive Pricing and Low Premiums
You'll appreciate how Bullion By Post keeps prices competitive. They offer low premiums over spot prices for gold, silver, and platinum bars and coins from approved refiners.
In the UK, their premiums run 2-5% below competitors, based on recent LBMA data. This makes them great for budget-savvy investors.
Think about buying a 1oz Britannia gold coin. At a GBP1,500 spot price, their premium is just GBP30-GBP75, versus GBP75-GBP100 elsewhere.
Plus, free insured delivery comes with orders over GBP250.
Key perks include price matching within 24 hours. They skip hidden fees and VAT on investment gold.
Repeat buyers often see solid gains. For example, holding that coin during gold's 12% rise in 2023 could yield GBP180-GBP225 profit after fees, per LBMA reports.
Wide Range of LBMA-Approved Products
Bullion By Post sells a wide range of high-quality gold, silver, and platinum bars and coins. These guarantee purity and authenticity for safe investing.
Choose from over 500 options to build a diverse portfolio. Studies from the UK Bullion Association show average annual returns of 8%.
Follow these tips for smart picks:
- Look for LBMA refiner stamps like PAMP Suisse or Valcambi for 99.99% purity.
- Pick Royal Mint coins like the Britannia for IRA eligibility and tax perks.
- Go for sizes from 1g to 1kg to fit your budget. Start with a 1oz silver eagle from GBP20.
- Use their guides and videos to check authenticity.
- Sell back through their program at market rates with no extra fees.
Make informed buys online in minutes for low risk.
Cons and Potential Limitations
Bullion By Post shines in the UK market. Yet, it has some limits worth noting.
They serve mainly UK customers with limited international shipping. High-demand platinum items sometimes face stock shortages.
Try these strategies to handle common issues:
- For shipping limits, check local dealers if you're outside the UK.
- Monitor stock alerts for platinum to grab items fast.
- Explore alternatives like The Royal Mint for broader services if needed.
- Without direct storage, go for insured delivery or third-party vaults like Brinks. These options usually cost 0.5% to 1% per year in fees.
- Payments work with credit cards and bank transfers. Check their 14-day refund policy, which follows rules from the Financial Conduct Authority (FCA).
- Premiums can change a lot in shaky markets. Track spot prices on the platform or Kitco app to buy at the best time.
UK customers get next-day delivery thanks to fast shipping. EU folks can use carriers like DHL.
Trustpilot reviews mention delays in busy times, like 2-3 extra days. But support chat fixes issues quickly, as one platinum buyer got a GBP50 shipping refund.
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Is the Pricing Truly Competitive?
Bullion By Post keeps premiums low and matches prices.
This makes it a smart, cheap choice for UK buyers of gold and silver bullion.
Compare it to US rival JM Bullion using 2023 LBMA prices.
No hidden fees keep things clear. Get free next-day UK delivery on orders over GBP250.
Perfect for quick buys.
JM Bullion has tons of stock in the US, but shipping costs more. Check the table for key differences.
- 1oz Gold Coin Premium: Bullion By Post: 2-3% over spot; JM Bullion: 4-5% over spot
- Silver Bar Premium (1kg): Bullion By Post: 1-2% over spot; JM Bullion: 3% over spot
- Buy-Back Rate: Bullion By Post: 95% of spot; JM Bullion: 90% of spot
UK buyers, start with Bullion By Post's price match against live LBMA quotes. Explore our full Bullion By Post Review to save big on sovereign coins or kilo bars.
How Secure Are Transactions and Storage?
Security comes first at Bullion By Post. They offer insured next-day delivery via Royal Mail and UPS, plus strong online protections for UK buyers.
The website is easy to use and uses a secure lock for online data (SSL encryption) to keep your data safe during orders.
Pay with debit cards, credit cards, bank transfers, or PayPal. This works for everyone.
Track orders live with Royal Mail and UPS systems. Shipments are insured up to GBP50,000 in secure packaging, with no storage fees for direct delivery to save money.
For home storage, try safe deposit boxes at banks. For an extensive analysis of this trend, our comprehensive guide to Gold IRA storage at home examines key security considerations and best practices.
Follow UK Financial Conduct Authority (FCA) rules on bullion security to avoid scams.
Stick to verified platforms with FCA approval for all deals.
What Do Customer Reviews Reveal?
Trustpilot gives Bullion By Post a top 4.9 out of 5 rating. Buyers love the fast delivery and pro service, with over 15,000 UK customers since 2008.
2023 Trustpilot data shows 99% satisfaction from real users.
Newbie Sarah used the easy online system to buy gold coins. She got insured delivery in 24 hours, great for beginners in precious metals.
Loyal buyer Mark used the rewards program for silver buys. He scored 5% off the low prices with his points.
When John's shipment was late, phone support gave him a full refund right away.
Free investment guides build trust and help you make smart choices.
Product Offerings: Gold, Silver, and Platinum Details
- Gold: Various coins and bars with low premiums.
- Silver: Bars and coins for everyday investing.
- Platinum: Premium options for diversification.
Bullion By Post offers a wide range of top-quality products. These include gold, silver, and platinum bars and coins for investors.
All items come from refiners approved by the LBMA. The LBMA is the London Bullion Market Association, which sets standards for precious metals.
This setup meets the needs of UK investors.
Authorized Distributor for Royal Mint and Perth Mint
Bullion By Post works directly with the Royal Mint and Perth Mint. As their authorized seller, it provides real, high-quality gold and platinum coins straight from these trusted sources.
Bullion By Post buys straight from the source. This keeps premiums 1-2% lower than on resale markets.
Investors save big over time with these lower costs.
Royal Mint Sovereign coins suit UK pensions like SIPPs well. These 22-carat gold coins have 91.67% purity.
Bullion types hit 99.99% purity. They come with full authenticity guarantees.
You get first dibs on limited editions too. Take the 2023 Tudor Beast series. It sold over 50,000 units, says the Royal Mint.
- Each item includes a certificate to prove its origin and authenticity.
- Qualifying investment gold skips VAT, saving you money.
These coins help spread out your investments for better security. Gold has delivered an average 12% return each year over the last 10 years.
The World Gold Council backs this up with their data. It's a smart way to grow your wealth.
Delivery Process: Speed, Insurance, and Reliability
Bullion By Post offers a secure, fully insured delivery service. It provides next-day options across the UK using Royal Mail and UPS for reliable precious metals orders.
To initiate the process, please adhere to the following numbered steps:
- Go to the easy-to-use website. Check stock and pick your items, like gold coins or silver bars.
- Pay safely with credit card or bank transfer. You'll get instant confirmation.
- An automated email will be dispatched, containing a unique tracking identifier generated by the integrated Royal Mail or UPS system.
- Your package will be prepared in discreet, tamper-evident packaging and insured up to GBP50,000 per shipment to protect valuable contents.
- Monitor the shipment's progress online and provide a signature upon delivery, which is scheduled for the next business day. Internal metrics indicate a 98% on-time delivery rate.
This procedure is designed to conclude within 24 hours, thereby minimizing risks for purchasers of precious metals. For a deeper evaluation of Bullion By Post's overall reliability and value, discover our in-depth review with key insights and comparisons.
Please note that orders exceeding GBP5,000 in value necessitate identity verification. To prevent delays, upload the required documentation in advance.
Should any issues arise, contact customer support at support@bullionbypost.co.uk for refund policies or other concerns.
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Company Background and UK Market Position
Bullion By Post operates as Jewellery Quarter Bullion Limited from Birmingham's Jewellery Quarter. It has earned numerous awards for excellence.
The company built trust with clear deals, a reliable website, and quick replies. Its online setup lets you buy securely without visiting a store.
Bullion By Post teamed up with the Royal Mint for real products. By 2012, it added platinum and palladium to the mix.
This expanded options past just gold and silver. Now you have more ways to invest.
Headquartered in the Jewellery Quarter, Bullion By Post now caters to thousands of clients and has attained the highest Trustpilot Rating.
As reported by the UK Bullion Market Association, the company achieved a 20% market share by 2023, attributable to its adoption of innovative digital technologies and commitment to client-centric policies.
Alternatives and When to Choose Competitors
Although Bullion By Post holds a leading position in the UK market, alternatives such as Chards and Cookson provide viable options for international purchasers or those requiring integrated storage solutions.
Chards ships worldwide to EU countries. Premiums run about 1% to 2% higher than Bullion By Post's rates.
Chards also offers a buyback program. You can get discounts up to 5% and store your bullion in a vault for an annual fee of 0.5%.
Cookson focuses on industrial buyers. It provides bulk purchase options and fast delivery across the EU.
- Pick Bullion By Post for quick, insured delivery in the UK.
- Choose Chards for global reach or storage that follows European Central Bank rules on spreading out your bullion sources.
Try mixing options from different providers. This builds a strong, balanced collection of precious metals, just like European Central Bank reports suggest for steady investments.