BullionVault for those with significant wealth?
I have seen it written a few times, not only here on peakprosperity, but in other places as well that BullionVault is a good option for people with "significant" wealth to protect. For example on this page:
it is stated:
"For investors with substantial wealth to protect, we also recommend:" and one bullet point was BullionVault.
As a new precious metals investor I wonder, why the word "substantial"? Flipping it around, let's say I do not have substantial wealth to protect; why would I then NOT use BullionVault? I've looked at it thoroughly and BV's commission is reasonable. Perhaps the $4/mo storage could be considered high and it won't increase until you hit something like $40k worth of gold, but $4/mo is about the cost of a safe deposit box so it doesn't seem unreasonable to me. It seems fairly liquid; rather than having to deal with selling physical bullion I can hit a few buttons and arrange for cash to be transfered to me. I've seeded it with a few K to tinker with and I don't feel like I'm in over my head. Any thoughts? If there are other sites more geared toward small-time players, can you articulate why?
Bonus question: For those who choose to vault some PMs at places like BV, is there a ratio for how much you vault and how much you keep on hand? Any good rationale for those ratios? I haven't decided upon any in particular so I'm just curious if there are any "best practices" out there.
Thanks and love the site!