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Bullionworks is an online precious metal marketplace that offers investors the opportunity to buy low and sell high on a live trading platform. The site’s primary assets are gold, silver, platinum, and palladium. Bullionworks was founded in 2011 by long-time precious metals investors to make buying and selling silver and gold a simple experience.
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There's a reason this is our #1 recommended precious metals company:
- Over $1 BILLION in retirement savings protected
- Over 1,000 5 star reviews
- Thousands of happy customers
- A+ BBB rating
- AAA customer rated
- 5x Inc 500 winner
Products
Bullionworks has two different products for investors, Silver, and Gold. Silver has Spot and Premium options, whereas gold has Spot and Premium options. Investors can use the Live Trading Platform to make spot purchases or utilize the Precious Metal Portfolio Builder, which enables them to set up orders using a predefined purchase amount budgeted over a specified period. The Precious Metal Portfolio Builder tool lets investors take advantage of the site’s price premium.
Buying Options
Bullionworks offers Spot, Premium, or both. The spot is based on the price of the precious metal at the time of purchase. Premium is charged for bullion that doesn’t spot but is available for immediate shipping. Premiums are calculated based on the price of bullion over eight months from the day of purchase.
Selling Options
Bullionworks offers Sell, Place, Withdraw, or both. Sell is sold at a premium. Place trades are made with the buyer’s premium. Withdraw allows investors to sell their precious metal spot to Bullionworks in exchange for the pre-defined buyback price at any time.
Investors can trade their precious metals on the Bullionworks platform using The Price Advantage. The Price Advantage is a feature that helps investors buy silver and gold at a premium. Investors can use the Price Advantage tool to set up monthly purchases of silver or gold. Bullionworks will automatically buy at a price that allows the investor to receive any applicable premium.
The Price Advantage is available for silver and gold, the site’s primary products. The Price Advantage allows investors to take advantage of favorable premiums (i.e., at a higher than average price) every month.
Trading Platforms
Bullionworks has a live trading platform where users can make spot purchases or set up pre-defined purchase orders for future delivery. The platform also has a Track Your Orders feature that allows traders to see orders placed in real time and track the prices at which they were traded. Bullionworks provides charts for its products and uses price data from multiple sources.
Bullionworks Premiums
Premiums are calculated based on the following formula: [(Spot Price of Bullion – Premium of Bullion) / Spot Price of Bullion]. Value-added services such as tracking your orders, the ability to view your precious metals, and a user-friendly platform contribute to the value of this service.Investors use the Precious Metals Portfolio Builder tool to set up a purchase amount budgeted over a specific period. Bullionworks then calculates the premium and inputs it into your order.
Bullionworks Shipping
All orders are shipped by US Postal Service or FedEx, depending on destination and weight. All precious metals products are insured, and Bullionworks fully pay for the insurance. All shipments are fully traceable. Bullionworks has shipping policies for both United States and International customers. Silver is typically shipped using a small flat rate box; gold is typically shipped using a small or large flat rate box.
BACS Payment Option
Bullionworks accepts bank deposits as payment for precious metals orders. Bullionworks offers a free online banking service that allows investors to fund their accounts with a debit card or bank transfer.
BBB Accreditation
Recent changes to the Better Business Bureau website have made it difficult to access information on businesses with smaller numbers of complaints. The Better Business Bureau has accredited Bullionworks since 2011. To date, no complaints have been filed against this company.
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Or continue below! You can also see our top gold investment companies.