Due to increasing economic uncertainty and stock market volatility, many investors are looking for more diverse investments. In turn, the demand for gold and silver continues to rise compared to other precious metals. Gold, in particular, has proven the test of time as it has managed to maintain its value over the years. Many investors consider it a safe investment since its price is not affected by market fluctuations. Thus, it provides the ultimate protection and insurance against uncertain economic times.
Silver often serves as a speculative investment due to its price volatility. Its constant market price fluctuations create plenty of buys and sell at profit opportunities. Savvy long-term investors prefer owning both gold and silver. With the advent of online gold and silver dealers, it has become even easier to buy high-quality physical silver and gold. But, you must ensure that you buy from a reputable and trustworthy gold dealer. There are many reports of fake gold and counterfeit silver coins sold online by scammers.
Bullion by Post is a reputable, market-leading, and trustworthy supplier of silver and gold bullion in the UK. In this review, we will look at its ratings, customer reviews, and complaints. We will also determine whether it is a credible company to invest in.
IMPORTANT – before we get too far in this review, we’d like you to know we’ve vetted quite a few companies in this space.
We know that selecting a company to work with is a major financial decision and something not to take lightly. InvestingInGold.com has put in extensive research spanning many years in order to compile a list of the 5 highest recommended companies for this year.
==> See our #1 recommended company for precious metals investing
We urge you to view the links to see where Bullion by Post stacks up against the competition.
What is Bullion by Post?
Established in 2009 ,and it is the number one bullion dealer in the U.K. It is a subsidiary of Jewellery Quarter Bullion Limited (JQBL) and is located in the heart of Birmingham, West Midlands. Initially, Bullion By Post UK was for private UK investors. Its main aim was to provide a simple and safe way to diversify its investment portfolio by buying bullion at low margins. Now, the subsidiary has extended the service to investors in the United States of America.
They offers more than 3000 bullion and numismatic products. Some of them include gold bars, gold coins, silver bars, and silver coins. The company also offers high-quality palladium and platinum products. It also offers a variety of tools to help investors understand the bullion market in its entirety.
Additionally, the company is an authorized distributor of silver and gold bullion from several well-known and accredited LBMA-approved refiners. Some of them include Heraeus, Perth Mint, Umicore, Scottsdale, Metalor, and PAMP. We are also one of two of the authorized distributors of Royal Mint. Thus, they only sell authentic British mint coins and coin sets.
By offering a variety of products, investors can easily select their ideal choice of metal to invest in depending on their budget or savings. So, even though you do not have a lot of investment money, you are sure to get an equal chance to invest in precious metals of your choice.
How Does It Work?
Now that you know what it is, you must be wondering how it all works. The company prides itself on its simple investment process. All you have to do is register a free online account on the company’s website. By registering your account, you gain several benefits. They include 24-hour access to buy gold safely and quickly, our Gold Price Alert Service, and unlimited access to your invoice. Other benefits associated with registering an account include complete order history to check and analyze your investment performance, offers that go to your inbox, monthly insights, and much more.
Once you register your account, you are free to shop through our category list and add any product to your basket at any time of the day. Proceed to choose your preferred metal type and the weight you wish to invest in and click the ‘buy button. The next step is selecting your delivery option. You can opt to have the metals delivered to your home at your convenience or allow the company to store them for you at a reasonable price.
It is vital to note that we use one, or a combination of our insured shipping services to deliver any size of orders or value of up to $50,000. Our shipping partners are Royal Mint International, the United States Postal Service, or expedited UPS courier shipping. Take note that we offer free and fully insured delivery services on all orders.
Upon choosing your preferred delivery option, proceed to select your preferred payment option. We have a wide variety of payment options, including Credit Card, Debit Card, or wire transfers. Review your order and when satisfied, lock in the prices and confirm. Once you click the ‘lock prices & buy now’ tab, you have five minutes to confirm the order, which means you have committed to buy at the locked price. Within a few minutes of confirming, you will receive a notification email with our bank details and order number. This will allow you to make the necessary payment if you have not yet paid by card.
Next, pay for the metal. Once we receive your cleared funds, we will send you a confirmation email and prepare your order for dispatch. If your funds are cleared by 2 pm, we will dispatch your order on the same day. You will receive an automatic system email once UPS or Royal Mail collects your order.
Once you pay and receive your precious metal, you are its legal owner. As such, you have the discretion to keep the metal for as long or as little as you would like. There are no restrictions or limitations that you have to deal with when selling the asset since you are the owner. Whether it is within a few months or after several years, you can sell the precious metal to any retailer or back to them, depending on the value offered. Normally, they will buy the asset at its current market price, but you can also allow buyers to fix the rate to give you a higher value.
Silver Price Bullion by Post
Due to the many silver options available on the market, it can be challenging to choose the best investment for your money. Below are the top five best-selling silver investments, including the silver price bullion by Post and who it is most suitable for.
1. 1 ounce Silver Maple Coin
Ideal for smaller and novice investors, the silver Maple coins are among the most reputable bullion coins available on the market. They are the perfect investment for those looking for flexible, low-margin, and affordable silver units. These coins contain 99.99% of pure silver and are manufactured by (Royal) Canadian Mint. You can invest in these coins as low as $100-$5000.
2. 1 ounce Silver Britannia Coin
Due to their status as the only Capital Gains Tax-free silver coins, many British and large-scale investors prefer the silver Britannia coins. Manufactured by Royal Mint, these coins are flexible in terms of market price and storage. But, they attract a slightly higher premium than silver Eagles and Maples. Thus, these coins are most suitable for large-scale investors looking to spend $10,000- $50,000 or more.
3. 1 kilogram Silver Bar
Perfect for both large and small investors, the 1 kg silver bars are one of the most popular silver size bars. First-time and smaller investors often buy this size bar in doubles and singles, while large investors prefer a combination of unit sizes. With as little as $10,000-$50,000, you can get this 99.99% pure silver bar manufactured from either Metalor, Umicore, or PAMP.
4. 1 ounce Silver Eagle Coin
Manufactured by US Mint, the American Silver Eagle Coin is perfect for first-time and smaller investors willing to spend from $100-$5000. It is one of the most attractive and popular silver coins in the world. The coin offers an excellent balance between flexibility in terms of storage and selling and price.
5. 5 Kilograms Silver Bar
If you are looking to make a hefty silver investment, the 5 kg Silver Bar is the ideal option. Due to their impeccable monetary value, these bars are often bought in 5’s, 10’s, and 20’s. Many large investors prefer purchasing smaller units of silver bars and coins besides these silver bars to provide versatility and flexibility that the 5kg silver bar does not have. Manufactured by Umicore, these silver bars are ideal for larger investors looking to spend $10,000-$100,000 or more.
Gold Price
Gold is a timeless asset as it has proven itself to be a successful preserver of wealth. If you have never bought gold before, it can seem challenging to figure out what gold product to invest in. Here are the five top gold investments.
1. 1 ounce Gold Britannia Coin
As the company’s no.1 best-selling gold product, the Gold Britannia Coin is among the cheapest ways to buy tax-free British coins. Coins made from 2013 onwards consist of 24 karats while those made from 2012 backward contain 22 karat purity. Due to their small unit size, they are easy to store and sell. These coins are ideal for small investors looking to spend $10,000-$20,000 and large investors looking to spend $50,000-$100,000 or more.
2. 1 ounce Gold American Eagle Coin
The Gold American Eagle Coin is another best-selling and popular US coin available on their website. The coin contains 31.10g of pure gold (22 karats) and almost 2g of metal alloy (copper and silver) and has similar specifications as the Gold Krugerrand coins from South Africa. In turn, these coins are most suitable for first-time and large investors willing to spend $100,000 or more.
3. 100 grams Gold Bar
If you are looking for flexibility and a greater value for your money, the 100g Gold Bar is an ideal investment. Despite being from different brands, these gold bars are essentially similar, giving them the same resale value. They are ideal for large investors who are willing to spend $10,000-$50,000 or more.
4. 1 ounce Canadian Maple Coin
As one of the world’s most recognizable coins, the Canadian Maple Coin is a 24 karat gold coin manufactured by the Royal Canadian Mint Company. It is suitable for investors looking to spend between $1000 to $20,000 or more.
5. 1 ounce Gold Bar
If you are a smaller investor who is not worried about Capital Gains Tax and looking for low-margin flexible gold units, the 1 ounce Gold Bar is an ideal choice. It consists of 24 karats of pure gold and is ideal for investors who wish to spend between $1000-$20,000 and more.
Benefits of Choosing Them
A reputation of being the best place to buy gold and silver bullions in the U.K. Some advantages of choosing it as your precious metal dealer include:
• Excellent Customer Support
The good thing is that it has an exceptionally large team of customer support that is available Monday to Friday, 9 am to 6 pm. Although they do not have a live chat feature on their website, they have an email address and phone number. This is to ensure they offer you quick assistance whenever you need it. The company also has extra answer service coverage from 7 am to 10 pm, which shows how much we value our relationship with our clients. By choosing it, you are sure of getting friendly, straightforward, and secure customer support.
• Free fully insured and quick delivery
Compared to other UK bullion dealers, it is quick to request and receive orders. You can place an order on our website and get it delivered to your home in no time, depending on your location.
Additionally, we offer free and fully insured deliveries of all types, sizes, and values of bullion orders. With the help of Lloyds of London, we have insured up to $25,000 per parcel and avoid dispatching parcels of higher value at once. Orders of a larger value than $25,000 are partly shipped. With the second parcel not being dispatched until we receive confirmation of full receipt of the first.
• Low Margins and No hidden fees
They offers customers pretty low margins for their investments compared to other UK Bullion dealers. Customers are sure to receive excellent value for their investments as we review our margins at the product level every day to ensure we maintain our competitive nature. We aim to be one of the cheapest bullion dealers in Ireland and the UK.
Additionally, they do not add any hidden fees to the prices quoted on their website. Often, many bullion dealers fail to disclose hidden costs for services such as insurance, postage, and delivery to their customers. But, they are transparent and straightforward bullion dealer. And the prices we quote via telephone or on our website account for everything.
• Simple Buying Process
They offer their clients a very simple buying process. All they have to do is register an online account, choose their preferred bullion, make the payment, and receive the bullion. Depending on their budget, customers are flexible to choose any metal by size, type, price, and weight and pay for them. Furthermore, Bullion by Post offers customers several payment options for their convenience. They include bank transfers and instant online payment via debit card and credit card.
• User-friendly Website
Bullion by Post’s website consists of easy-to-navigate menus and several informative articles, ideal to provide the best user experience. Its useful resources help new investors understand how the company and the bullion market operate. Novice investors can also use the site’s widget area to look through the company’s product list and choose their preferred metal to invest in.
• A Reliable Buy-Back Program
One thing that sets them apart from their competitors is its buyback program. Often, companies do not agree to buy back metals they sold you. But with Bullion by Post, we will sell you the precious metals today and buy them back from you at your convenience. Likewise, BullionbyPost offers you the current market value for your metal investment, ensuring you do not experience a loss when you choose to sell it back to them.
Bullion by Post Reviews
Before making any investment, especially those involving online platforms, it is vital to check customer reviews and complaints on popular ratings and review sites. As such, Bullion by Post UK has several excellent ratings on various trusted and well-known review sites.
For instance, Trust Pilot gives Bullion by Post UK an average rating of 4.7/5 stars from 635 customer reviews and complaints. Likewise, out of more than 20,000 customer reviews, the company has an average rating of 4.9 out of 5 stars, which is very impressive. As a result of this remarkable performance, Bullion by Post won the Gold Seal of Approval Award from eKomi. As 99% of customers reported that they would recommend us to their friends, family, and acquaintances.
The majority of its customer commend the company for its exceptional customer support team. Easy-to-buy process, swift delivery, and discrete packaging. But, some complaints reported the company had limited payment options since there was no PayPal option.
It is also crucial to note that you will find any company reviews on the company’s website. A third-party independent customer review site collects and publishes all Bullion by Post UK customer reviews. In turn, this boosts the company’s credibility and reputation since they do not have any control over the reviews. Thus, customers can be confident that all Bullion by Post reviews and complaints are authentic as they are written by real customers.
Is Bullion by Post Fake?
Before making any hefty investment, it is common to question its legibility. As such, many investors often question if Bullion by Post is a scam. The answer is no, it is not fake. Bullion by Post is a legitimate bullion dealer based in the UK. The company has been operating since 2009 and has gained more registered users on its website than there are residents in the city of Oxford. If the company was fake, it would not last as long as it has without the authorities flagging it down.
Bullion by Post also has several well-known partners that supply it with their products. These suppliers are reputable and high-quality refiners. They also include Royal Mint, Umicore, Metalor, PAMP, Perth Mint, and many others.
So, if you still have any doubts on whether they are fake, you can contact them by phone or email address. The responsive and friendly customer service team is ready to answer any queries and provide you with relevant information about our company.
Conclusion
Bullion by Post is a reputable, trustworthy, and reliable bullion dealer. That offers customers a wide variety of precious metals and other services. The company is legit and offers a simple and secure way to invest in precious metals.
Unlike many other bullion dealers in the market, they can buy back its precious metals from its previous customers. Its buying and selling process is simple and user-friendly, even for novice investors. The company also has impeccable customer service as its team is always ready to help. So, we recommend buying silver and gold bullions from Bullion by Post UK.
About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He's also a published author, and his views on investing have been featured in USA Today, Tech Times, The Huffington Post, Nasdaq, and many more.
