Up front: I have been a client for 3 years, buying regularly, with no bad experiences.
(check their site at https:// www.bulliondirect.com)
You can buy via their Catalog, most times paying retail. Although a fast market in either direction would refresh the catalog prices faster then the Nucleo exchange (see below) where independent people like you and I can transact.
The service I like is called the Nucleo exchange. Here you buy & sell like a market, dealing with others with Bullion Direct as the "broker." You can access the bid/ask prices of many different forms of bullion that the majority of us tend to purchase. The exchange displays the depth of buyers and sellers at the various prices and the volume available at each price. As a buyer, you can pay what the lowest seller is offering to sell at (ask) or you can enter a bid to buy at a lower price for when the market moves lower or a seller wants to quickly sell metal they will accept your bid. The reverse is true for sellers. BD charges a 1% transaction fee to both sides of the transaction.
Although I won't further detail the Nucleo process, suffice to say that I have bought or sold hundreds of ounces of silver & gold as a customer.
The company is located in Austin, TX. Shipping is reliable, usually about a week. Customer service is friendly and reliable to provide quick answers. The whole market exchange (Nucleo) process is unique and is typically the most efficient in terms of price. I check about a dozen sites daily and have found that buying from fellow PMers to be by far about the cheapest. Every item I have bought I received as uncirculated and packaged extremely well.
So BD seems fully trustworthy?
Thinking of storing my physical with BD while I am out of country and selling it later after I'm settled. The Nucleo exchange seems the place to do this.
I understand that their storage is unallocated. Wonder how my account with them would hold up if the STHF while I am overseas.
What are the shipping costs on your product?
The costs of shipping are what always stops me from buying online because it drives up the cost per once
Thank you, bigmark99
I just looked up some prior orders:
2 x AGE = 16.06
2 x AGE + 220 ASE = 24.59
This covers handling fee and shipping/insurance.
I hope this helps.
Yes, it does help.
I just hate to pay for that postage, if I don't have too. Really drives up the cost per once.
The more I look over the site the more I like it.
Thank you, Fast, have a good day.
Just signed up with Bullion direct, will be buying soon.
I've used BD before, They are legit.
I have used BD for years and think very highly of them. Their model has some significant price advantages on both the buy and sell side. Also the convenience factor is nice with their storage and combined shipping.
However, I have a few reservations with their model as well. For example, their website had some downtime issues earlier this year. Imagine logging in to check on your bullion holdings only to find a blank screen. It was a punch in the gut to see part of my stash missing in action. Makes you wonder about storing something with them in a SHTF situation where the website, shipping company, or business itself could each be disrupted. Or if the business could somehow just pick up and walk away one day.
Perhaps these are irrational overreactions but as Jim Rickards is fond of saying, possession is 9/10ths of the law.