Last Updated on January 1, 2025
I signed up for an account with BullionStar back in 2014 when it was quite a young company.
I knew I wanted to buy and store some gold in Singapore because it was such a gold friendly jurisdiction.
It was a recommendation from Andrew Henderson of Nomad Capitalist and an attractive special of free storage for a few years that drew me to BullionStar.
I had initially intended to try out a few different gold storage facilities in Singapore, but soon after I opened my account I discovered Bitcoin.
I stopped buying so much gold, but I happily stayed with BullionStar and only ever sold a small amount to buy my first house, keeping the rest safely with them.
Why I Like BullionStar
Funding My Account Was Easy
It was very easy to wire money to BullionStar and fund my account. Back when I started the only fiat they accepted was the US Dollar, Singapore Dollar and either the Euro or the Pound, I can’t quite remember. Now that accept all of those plus the NZ Dollar, Australian Dollar, Japanese Yen and Swedish Krona. They also Bitcoin, Bitcoin Cash, Litecoin and Ethereum.
I once bought a little bit of gold, silver and platinum from BullionStar with Bitcoin.
The ability to buy gold with Bitcoin is actually very underrated. If you are a Bitcoin investor who likes to sell the 4 year cycle top, selling for gold is an effective way to ensure you stay with hard assets rather than moving in and out of fiat.
With Bullionstar you can also sell your precious metals for those four cryptos and they will send the proceeds to your address.
The Intuitive Dashboard
BullionStar has a very user friendly dashboard and interface. You can see your cash balances, your bullion portfolio, a breakdown of your metal allocation and you can easily add or withdraw funds or buy and sell bullion.
They Offer Allocated and Segregated Storage
One of the most critical things about BullionStar or any precious metals storage facility is that they offer allocated and segregated storage.
Allocated means that specific bullion has been assigned to you and segregated means it is held separate from the other metal in the vault.
What you want to avoid is a facility that credits your account with a certain amount of bullion but that is just a claim on the bullion they hold, rather than your own holdings.
BullionStar offers allocation and segregation. You can take delivery at any time and you can even access photos of your segregated bullion.
BullionStar does also offer unallocated and unsegregated bullion in the form of their Bullion Savings Program. You can buy grams of gold, silver or platinum for a low premium with low storage fees backed by metals held in their vaults. You cannot take delivery and can either sell the gram back to the company or eventually, when you save enough, convert it into a bar.
This is designed to offer an alternative option to beginning investors.
They Are Audited
BullionStar is audited twice a year by Bureau Veritas, an independent 3rd party LBMA approved auditor. You can see the live audit for your account at any time.
As a customer you also have the right to request a personal in person audit of your account.
Selling Back To BullionStar Is Easy
Selling bullion back to BullionStar and having them send the funds is very easy. I have done this before so know they are legitimate.
One of the reasons I chose Singapore was as part of my flag strategy. If I wanted to, I could go to Singapore and take physical delivery in person. However, realistically I ‘m probably not going to need to do that and will most likely sell through their online dashboard and either wire fiat or sell straight to Bitcoin.
The Range of Metals on Offer
While Bullionstar is mainly a gold and silver dealer, you can also buy other metals such as platinum, palladium and copper.
This is great for diversification and means you have a one stop shop for all your physical metal requirements.
The Integration With Crypto
I already mentioned that you can fund your account and withdraw proceeds in Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
What you can also do is denominate your account in one of those four cryptocurrencies, which allows you to see charts and profit and loss in crypto rather than fiat.
Combined together these two features means you can move wealth easily between gold and Bitcoin without needing to convert to fiat either physically or mentally.
The Market Price Alert Service
I love the gold and silver charts and look at them nearly every day. So I don’t need market alerts.
But if you don’t want to do that because you aren’t a chart tragic then BullionStar offers you an an alert service where they will email or text when you the price hits a certain predetermined figure.
Vaults Around The World
I opened an account with BullionStar because I wanted a place to store gold in Singapore. Back then, that was all they offered.
But as the company has grown (a good sign of customer satisfaction) they have expanded the range of vault locations.
You can now also store your gold in Wellington, New Zealand and in Dallas, Texas.
They Have A Great Education Offering
BullionStar have put a lot of time and effort into their education around precious metals, especially the BullionStar gold university.
Personally I have learnt an enormous amount from reading their material and I especially enjoy the insights of analyst Ronan Manly.
I didn’t need to be sold on the merits of owning gold and silver, but I have learned a lot about some of the nuances of the market.
They Have Great Customer Service
I have never needed BullionStar’s customer service, since everything has always been easy.
But my mum did once.
After wiring some money to them, her bank decided that sending money offshore must have been a scam and so they clawed the fiat back and locked my mum’s account down.
It was over Christmas and very stressful for her.
The issue was always with the bank and not with BullionStar but the whole process took several weeks to play out and involved a number of phone calls to BullionStar.
They handled the issue like true pros and were helpful and understanding the whole way through.
While I had heard tons of stories on X about banks acting in an overly zealous way and restricting access to people’s funds, I had never experienced it first hand and it only strengthened my resolve to keep a portion of my wealth outside the banking sector.
Conclusion
If you want to buy and store precious metals in Singapore (or in New Zealand or the USA) then BullionStar is a reputable partner.
The process is easy and convenient and you can sell the metal back to them when you want to take profits.
I have had an account with BullionStar for 10 years and I highly recommend them.
