GBULLION Review
Author : David Merson.
As a relative newcomer to the world of online gold purchasing I was asked to articulate my thoughts on why I chose GBULLION over the handful of choices that were recommended to me by my investor friends.
The first criteria I looked at was ease of purchase. I have an intuitive sense of the complexities involved with the purchasing and storage of gold, particularly when the medium of exchange is the Web. In my mind, ease of purchase means that the company involved really took the time to think about how to remove as much of the red tape as possible. At GBULLION for example, it is quite evident that the purchase price for a quantity of gold will be no higher than 1.2% above the Gold Spot Price and in addition they will buy it back at the Spot Price. Considering their total service offering this is an incredible deal. I’ll get more into that later though.
After getting an understanding of what the cost to purchase is, it took no more than 5 minutes to get signed up and ready to go. At the moment, it is only possible to purchase through a bank account which is a bit cumbersome from my European bank account as I have a pretty complicated system to log-in and authorize bank transactions. It would be much easier if a debit card or Paypal could be used but I do think that that is coming a bit further down the road.
One thing that I have noticed that has changed since first joining is the minimum quantity of gold purchasable. After purchasing the initial 1g minimum, gold could only be purchased in multiples of one. It is now possible to purchase 1/100g after the 1g minimum. I think that this will be very interesting for people that want to maybe setup a saving plan of a bit every day or week or something. Another thing to note is that when I’m ready to have my gold delivered to me, they’ll ship it to my nearest airport. This is very intriguing given the fact that the gold is stored in Dubai to begin with. Granted, at the moment, only kilogram bars will be shipped the notion that they’d go this extra mile to bring together an end-to-end solution is quite noteworthy.
Another main issue that I looked at deals with security. Having a background in IT Startups information security is quite important to me. On that front there are multiple levels of security. First only one bank account can be the used for withdraws and in order to change it, one must provide documents that only the proper owner has access. Second, certain account activities can trigger SMS notifications. In the event that something strange does occur I can be notified wherever I am. With respect to the gold bars, they are stored in one of Dubai’s (therefore the world’s) most highly secured vaults using two of the most trusted names in security: Brinks and Transguard. In addition to all of this, all gold stored in the vaults is insured by Lloyd’s against ALL risks.
Sure, there are other companies that are bigger and have been around longer: GoldMoney, BullionVault and Anglo Far-East to name a few. GBULLION offers everything that these firms do namely, an Online interface to buy and manage gold, a secured vault to store it, insurance to protect it, and worldwide delivery capabilities. GBULLION somehow not only beats them on price but also in service. It is only a question of whether or not they will remain in the game long enough to make a difference. I’ve got my money on the fact that they will and as I have been assured, they are indeed well-financed. I must say that I do recommend GBULLION to anyone looking for a place to begin (or expand) their investments in gold.
Please make sure to visit this site http://www.dubai-information-site.com/gbullion-dmcc.html.
