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Bullion Direct question
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Thread: Bullion Direct question

  1. #1
    Join Date
    Oct 2008
    Location
    USA
    Posts
    358

    Default Bullion Direct question

    I keep hearing about BD, and decided to look into it. After reading all the info on their site and doing a search here, it looks like the way to go. So let me get this straight, I can send them a check, buy my product from either the nucleo or the catalog and have them hold it. Send them more money and continue to buy and build my portfolio. When I get a nice stack, I can request delivery and they send me everything. In the mean time, if I wanted, I could also sell anything in my portfolio. Is the 1% nucleo fee for both the buyer and seller or only buyer. Anything else I'm missing?

  2. #2
    Join Date
    Sep 2008
    Posts
    8

    Default

    Dave,
    That's the way I read it. I believe the 1% Nucleo charge is for either buying or selling. I'll let the experienced BD users comment further.

  3. #3
    Join Date
    Dec 2008
    Location
    Florida
    Posts
    1,120

    Default

    I read the information sheets and believe the 1% is paid by BOTH the buyer and the seller. But for your purposes, it is only one percent.
    "Information spreads at the speed of light, while ignorance is instantaneous at all points in the known universe"

  4. #4
    Join Date
    Jun 2008
    Posts
    841

    Default

    PSU, you got it. And the 1% Nuc commission is paid by both seller and buyer. So BD makes 2% on the trade. The catalog is what it is. Both can be stored in the vault until you make a draw.

    I like to keep a fair amout of funds on account with them so I can swing the trades if needs be and not use the "trading power". Although I have dipped into it now and then. But that's a story for a different day.
    Silver: Atomic number 47; chemical symbol Ag. Derived from the latin word Argentum, which means "white and shining".

    "When you got metal, all the world is a movie" Argentum, 3/09

  5. #5
    digger Guest

    Default

    Quote Originally Posted by PSUDave View Post
    I keep hearing about BD, and decided to look into it. After reading all the info on their site and doing a search here, it looks like the way to go. So let me get this straight, I can send them a check, buy my product from either the nucleo or the catalog and have them hold it. Send them more money and continue to buy and build my portfolio. When I get a nice stack, I can request delivery and they send me everything. In the mean time, if I wanted, I could also sell anything in my portfolio. Is the 1% nucleo fee for both the buyer and seller or only buyer. Anything else I'm missing?
    Note that you do not have to send in the check before you buy the product. If you don't have sufficient funds on hand at the time you buy, you have seven business days to get them the money.

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