Like BullionByPost, Gold.co.uk offers investors a range of physical gold and silver bars and coins, but is also aimed at targeting larger investors by offering both insured delivery and secure storage facilities to store gold and silver with Brink’s.
Since the website was launched last month, six 12.5kg gold bars each worth £300,000 have been sold, and sales have been buoyant, in part thanks to the uncertainly caused by falls in the Chinese stock market.
“Whilst this is a significant amount to pay I strongly believe the domain will prove to be great value over the long term,” said Rob Halliday-Stein. “The Internet is now by far the UK’s most important high street and this prime piece of virtual real estate and strong memorable brand is already showing signs of being a great investment”.
Gold.co.uk was originally registered by one ‘Jack Gold’ before August 1996. Halliday-Stein tried to buy the domain when he launched BullionByPost in 2008 but couldn’t afford the then £50,000 asking price. The domain changed hands several times before Halliday-Stein eventually bought it from a domain broker.
Birmingham-based BullionByPost was set up by Halliday-Stein with just £10,000 and is now the UK’s number one online bullion dealer with sales of over £100m a year.