So what’s up with Bullionvault.com? According to their marketing, they’re a revolutionary new way for individuals to buy and sell gold bullion online, in a selection international vaults – in London, New York or Switzerland and I’d tend to agree.
From the home business perspective, they cause some confusion.
I get this question from time to time because in the home business world network marketing companies emerge from time to time with “coins” as their “product”.
Now while Bullionvault.com has an affiliate program that pays 25% of commissions earned on the transaction on the first level and 6.25% on commissions earned through sub affiliate sales, it’s not like the other MLM or network marketing programs with coins based on my initial review.
The coins used in the MLM programs were so-called “rare” coins.
Their value was subject to wide fluctuations due to demand from buyers…like art. One man’s “rare coin” is another lady’s quaint old pocket change of unrecognizable origin or value and there for relatively worthless to anyone except a collector.
Just as the famous painting the Mona Lisa isn’t valued based on the price of paint and canvas, rare coins are valued based on the amount of gold or silver in them alone.
Bullion coins and other forms of bullion (bars for example) ARE solely based on the value of the gold, silver, or platinum they contain.
That’s what Bullionvault.com is markeing.
You can check the CNBC news story for more details… it’s hosted at their site.
Basically, more Americans are wanting to put their money into bullion instead of traditional stocks and bonds.
This is a safety measure because it’s a strategy that aims to preserve value in the case of a total economic collapse. Gold and silver prices skyrocket when the stock and bond markets crash.
The bullion purchased at Bullionvault.com is held in a vault to facilitate resale if you change your investment strategy.
If you’re getting bullion to buy bread because it’ so bad you need to cash in the bullion for living expenses and nobody trusts government currency anymore…you need bullion coins like silver dimes. Check the Money Changer for that.
Can you make money as a Bullionvault.com affiliate?
Sure… if you can tap into people who have a hankering for owning bullion. But remember, your commissions are based on their commissions. A $1,000,0000 sale of gold results in a 25% commission on the commission… a small, small percentage of the million dollars.
For example, the commission might be as low as 1 % on such an order. 1% of a million is still $10,000. So getting $2,500 isn’t so bad. But maybe the commission is just 0.5% then you earn $1,250. So ask! You could make great money if you can tap into this market. The small orders may drive you nuts though.
Photo courtesy Mattie Shoes @ Flickr
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