Gold Plan

Bullion Essence Gold Investment Plan

What is the Gold Investment Plan?

Bullion Essence's Gold Investment Plan allow you to buy gold regularly with minimum effort at the London Price published daily on the London Bullion Market Association’s website, and used as global benchmarks in the professional wholesale markets.

Once set-up, you simply make regular deposits into your Bullion Essence account and the money will be used to purchase gold for your account automatically. The bullion is stored in the normal vaults. There's no need to place orders yourself or deal directly on Bullion Essence's markets.

You can stop making deposits or sell your bullion and withdraw at any time, without notice.

How do I set up the Gold Investment Plan?

Download the account opening forms and send back with all required documentation.

Or send us an email to requesting for the account opening forms.

All deposits to your Bullion Essence account must come from the same bank account. Please be sure to quote your username as your payment reference with any deposits into Bullion Essence.

How much does it cost?

Bullion Essence charges a transaction fee of 0.5% on buying and on selling gold at the daily price. This includes the premium charged by the market, physical allocation, vault delivery charges and our commission. Daily price orders placed in South African Rands incur an additional 0.3% currency-switching fee. Our ongoing charges for storage, including insurance, are as normal. Please check the banking fees that will apply, including currency conversion charges if you are not depositing in US Dollars, British Pounds, Euros or Japanese Yen.

How does the buying of gold work with Auto-Invest?

  • Any available funds in your account (if over the minimum order size for a daily price purchase in that currency: $100, £65, €90 or ¥5,000) will be committed at 2.45pm London time, on UK business days, in order to buy gold.
  • You will buy at the main-market clearing price for that day. This price is only set on UK business days - not at weekends or on UK public holidays
  • Your bullion will normally arrive in your account after 2 working days. Once settled, the bullion can then be used to reserve specific bars in your name or can be sold on Bullion Essence's markets.
  • Any excess money left after a purchase of bullion at the daily price will be returned to your available balance.
  • Other details of the Auto-Invest function

  • The values used for the daily price in US Dollars, Pounds Sterling and Euros are those published by the London Bullion Market Association. The value used for the daily price in Japanese Yen will be determined using the US Dollar price and the Dollar-Yen exchange rate at the time.
  • If you have less than the minimum order size for a daily price purchase in a given currency ($100, £65, €90 or ¥5,000) available in your account, no order will be created for that currency.
  • If you have sufficient money in more than one currency, then orders may be created for each currency separately.
  • If an account is suspended, locked or closed, the Gold Investment Plan will also be suspended and no purchasing of bullion at the daily price will be carried out.
  • Bullion Essence reserves the right to switch off Auto-Invest for your account at any point but will notify you by email