FAQs

A.

Ownership of your gold and silver in Budget Gold is outright.  Budget Gold bullion is not subject to a trust deed, and it is not anyone's liability.  It is - quite simply - your outright property from the instant you buy it to the instant you sell it.

In accepting the Budget Gold Terms of Business you have engaged Budget Gold as a custodian of your bullion.  Budget Gold has subcontracted the physical custody of your bullion to the vault operators.  Budget Gold has retained responsibility for administration and record keeping.

A.

There are three steps to owning gold in Budget Gold.  Most people can complete the process in about 15 minutes of their own time.

• Open your account (4 minutes)
• Fund it (10 minutes instructing your bank to transfer money, then a wait while they do it)
• Buy your bullion (1 minute)

A.

You must first open your account at Budget Gold.

Then contact us or follow the details provided in the website to send your money.

A.

Once you have opened your account and funded it you are ready to buy gold. You can manage the buying and selling of gold on Budget Gold’s platform yourself or you can choose to set up a Regular Gold Investment Plan in which you can also authorise us to buy bullion on your behalf.

There are many points within the Budget Gold system from which a few mouse clicks create an order on the market order board for you.

A.

Budget Golds's Regular Gold Investment Plan allow savers to buy gold regularly with minimum effort at the world Price published daily on the 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 Budget Gold account and the money will be used to purchase gold for your account automatically. There's no need to place orders yourself or deal directly on Budget Gold's platform.

Set up a monthly automatic payment or standing order from your bank account and you can build up your savings in securely vaulted bullion.

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

A.

It can be daunting getting to know a new e-business system where it may seem an incautious click could cost you a fortune.  So let's take some of the worry out of it.

The only result of you spending money is buying gold at a fair market price.

System protections ensure you can do this safely even while you are unfamiliar with the system.

• You can only spend money you have in the system. You cannot accidentally overspend your cash balance and be asked to send in more.
• You cannot accidentally enter a purchase order in a currency you don't have.  The system will reject your order.
• You cannot accidentally sell gold you do not have.  The system will reject your order.
• You cannot accidentally issue us with instructions to pay the wrong person.  We don't accept those instructions because we always pay funds to the account which sent us in money in the first place (i.e. yours).
• You cannot be hurt by an accidental typing error which enters an order at an obviously silly price.  The system rejects orders too far away from the current price.
• You will never receive a margin request - i.e. a demand for additional money from us to cover the risks in your trading position.  No such payment will ever be required, because there is no credit in the Budget Gold system.
• When you do put in an order you will see feedback with a request to confirm.  You will be able to read a simple explanation of what the system is going to do for you, and you will have the chance to reject or accept it before it commits you.

A.

1 gram (0.001 kilos) of either gold or silver for trades on Budget Gold's order board.  Take a look at the front page for the latest prices.  When purchasing at the daily price, the minimum is AED500 or equivalent.