Bullionstar Review (How Good Is It?) (Updated August 2023)

August 22, 2023

Bullionstar Review

Welcome to my BullionStar Review. (UPDATED AUGUST 2023)

If the chaos of 2023 has been any indicator, its clear that getting into precious metals might not be the worst idea you've ever had. That said, the question is: who can you trust to buy them from?

Doing research on companies before purchasing precious metals from them is a must.

It is a great way to do what you can to avoid being scammed.

In this BullionStar Review, we will find out whether it is legit or a scam. Furthermore, we shall discuss all the important things you need to know about it.

Without further ado, let's get started.

BullionStar Review Quick Summary

Name: BullionStar

Founder: Torgny Persson

Price: Varies depending on your investments

Rating: 3/5

Bullionstar Review logo

What is BullionStar?

BullionStar is a Singapore-based company that provides precious metals locally and internationally. Its founder and CEO is Torgny Persson.

The company built a good reputation of being a great place to buy and store precious metals. Moreover, Singapore is a nice environment for the precious metals business.

(Note that if you want to take advantage of the tax benefits of physical gold and silver in an IRA, you need to work with a company that is located in the U.S., such as Goldco.)

It has political stability, a protected environment and no taxes and reporting requirements.

BullionStar's physical address is 45 New Bridge Rd, Singapore 059398.

BullionStar Review: Company's Founders

Getting to know the minds and the people behind this precious metals company is beneficial in considering your decision on choosing them. Most scam companies do not even provide any information on their founders. Fortunately, BullionStar happily introduces you to its founders.

BullionStar was founded by two Swedes, Joakim Andersson and Torgny Persson back in 2009. The precious metals company started out as a website that compiled various precious metals market information that was advantageous for investors.

After Singapore's tax reforms in 2012, the website then ventured out and started selling precious metals and finally, established it retail store in 2014.

Torgny Persson: Co-founder

In 2008, Torgny started out his precious metals journey through Liberty Silver AB in Sweden. With the knowledge he gathered on the precious metals industry, he started BullionStar, which was at first, an information website on precious metals investmet.

When BullionStar branched out to selling precious metals, Persson led the company in its first ever retail store located in New Bridge Road in central Singapore back in 2014.

Over the years, BullionStar grew into a multinational precious metals company, with over $2 million in sales revenue with around 330,000 global orders.

Joakim Andersson: Co-founder and CTO

Being the co-founder and the company's Chief Technology Officer, Joakim has been a very important asset to BullionStar since 2010. 

He is a senior developer and software architect with a wide range of experience in leadership that paved the way for companies towards the precious metals industry.

Luke Chua: CEO

As an enthusiastic precious metals collector, Luke Chua was appointed as BullionStar's Chief Executive Officer in 2021, in which he lead the gold company to a record year.

Not just that, he is also an experienced management consultant, even before he started working at BullionStar.

Kevin Mottura: CFO

Kevin Mottura is BullionStar's Chief Financial Officer, but he also serves on the Board of Directors. He acquired a master's degree from the Grenoble School of Management.

Apart from that, he has a wide range of industry experience including being the Group Finance Controller for Southeast Asia at MKS PAMP GROUP.

BullionStar Review: Products

BullionStar has an e-commerce website where clients can buy precious metals. In the website, it shows that the company offers gold, silver, platinum, copper and coin supplies. Specifically, the product catalog shows the following categories:

  • Gold
    • Gold bars
    • Gold coins
    • Gold numismatics
    • Gold bullion jewellery
    • Gold jewellery
  • Silver
    • Silver coins, rounds and wafers
    • Silver bars
    • Silver numismatics
  • Platinum
    • Platinum bars
    • Platinum coins
  • Copper
  • Coin supplies

Apart from selling products, BullionStar is interested in buying precious metals from its clients. This is a good way for you to liquidate your precious metals if you need cash.

How to buy from BullionStar?

Clients can avail BullionStar's services through its e-commerce website. They only need to create an account on the website then they can add products to their cart.

Another way is to visit BullionStar's physical address in 45 New Bridge Rd, Singapore 059398.

(If you'd rather skip right to a TOP gold firm that has loads of positive reviews, take a look at Goldco)

How to sell to BullionStar?

Other than buying from BullionStar, you can also sell your precious metals to them! The precious metals company accepts the following:

  • Gold Necklaces
  • Gold Watches
  • Gold & Silver Coins
  • Gold & Silver Bars
  • Gold Jewellery
  • Gold Rings
  • Gold Earrings
  • Gold Bracelets
  • Gold Scrap
  • Silver and Platinum (all kinds or purities and karats)

The selling process is quite easy. Here are the steps you need to follow.

  1. Visit BullionStar's shop and inform them that you are interested in selling your precious metals to them. 
  2. BullionStar will valuate your precious metals.
  3. Afterwards, they will give you a quote for your precious metals. They guarantee that BullionStar will give you the best price for your precious metals.
  4. Once you are satisfied with their quote and accept it, they will give you instant payment via cash, cheque, bank Transfer or crypto payment, whichever you prefer.

Does it offer IRA services?

Unfortunately, BullionStar does not offer any in-house IRA services, since it is not an IRA custodian. However, they do offer IRA-eligible precious metals and can even help you set up your IRA.

BullionStar can work with any IRA custodian, however they prefer IRA Club.

How to buy for your IRA with BullionStar?

Opening an IRA is very important for your investments and your future. If you wish to know more about it, read our article on how it can help you right here.

Now, BullionStar also recognizes this importance. That is why they can help you start an IRA and buy precious metals from them. How can you do that? Well, you just need to follow these steps.

  1. First and foremost, you must have an IRA account or you can open one with any IRA custodian. You can also choose BullionStar's preferred custodian, which is IRA Club.
  2. After having an account, you must set up a simple self-directed custodial IRA structure. This will allow you to invest your IRA capital into purchasing and storing bullion products from BullionStar.
  3. Afterwards, you need to fund your IRA account, by doing a rollover (transferring funds from another IRA to your new precious metals IRA) or contribution.
  4. Go to BullionStar's website and open an account. Then you must choose "Trust / Foundation /IRA" in the dropdown for Account Type. Afterwards, in the "Account Name" field, put your IRA name or the LLC name and then choose "IRA" in the Entity dropdown.
  5. When everything is all set, you can start purchasing precious metals from BullionStar. Whenever an order is made, the company will send you and your IRA custodian an order confirmation so that they can pay using your IRA funds.
  6. Then BullionStar will deliver your precious metals to the depository you chose for storage.

BullionStar Review: Pricing

BullionStar's product pricing is based on the current spot price. This means that the prices tend to change constantly. The website will always update the pricing

However, compared to other companies, BullionStar's pricing is quite competitive.  Usually, their price markups are slightly lower than the usual. So if you are looking for a cheap opportunity to own precious metals, you can try it out here in BullionStar.

As for the fees

BullionStar Review: Payment Methods

Once you confirm your order, you will be redirected to a webpage in which you will indicate the payment method that you will be using. Currently, BullionStar accepts the following payment methods:

  • PayNow payment in Singapore dollar for orders up to SGD 200,000.
  • Bank transfers in Singapore dollar, US dollar, Euro, British pound, Australian dollar, New Zealand Dollar, Swedish Krona or Japanese Yen.
  • Check payments in Singapore dollar and US dollar but be sure that check is issued by a Singaporean bank and is subject to clearance before delivery.
  • Cash payments in Singapore dollar, US dollar, Euro, British Pound, Australian Dollar, New Zealand Dollar, Swedish Krona or Japanese Yen.
  • NETS payment in Singapore dollar
  • Credit/Debit card online payment in Singapore dollar or US dollar
  • Cryptocurrency including Bitcoin, Bitcoin Cash, Ethereum or Litecoin

BullionStar Review: Shipping

BullionStar offers fully insured and tracked shipping within Singapore for just 15 Singapore dollars! And yes, that is a flat rate, which means that you will only need to pay that amount, regardless of the quantity of your precious metals.

For international shipping, your shipping costs will be calculated during the checkout process. Also, BullionStar has stock inventory in the United States of America and New Zealand. If you are from these countries, your shipping rates will be lower.

BullionStar Savings Program

Another great feature and service that BullionStar has is its BullionStar Savings Program or BSP.

This program is a low-cost and efficient way of saving in gold, silver or platinum. When you get BSP, you will be purchasing precious metals in grams.

These are 100% backed by actual precious metals that are stored in BullionStar's vaults. Why is it cost-effective? BSPs' premium over their spot price is lower compared to the premium over spot price of gold, silver and platinum bars.

Once you acquired a specific threshold of your precious metals in grams, you will be eligible to convert them into gold, silver or platinum bars!

BSP storage fees will be discussed below. Moreover, conversion of BSP to bars is FREE! No need to pay for any fee or additional charges.

BullionStar Review: Storage

BullionStar has storage facilities in Singapore, United States of America and New Zealand. The precious metals company assures its clients that they will have full control over their precious metals in storage,

Here are the storage fees for your precious metals:

  • Gold Bullion Products: 0.39% per annum
  • Silver & Platinum Bullion Products: 0.59% per annum
  • BSP Grams Gold: 0.09% per annum
  • BSP Grams Silver & Platinum: 0.19% per annum

BullionStar Reviews and Ratings (Updated August 2023)

AUGUST 2023 UPDATE: As of August 2023, below are the BullionStar reviews and ratings:

  • Google - 4.9 out of 5 rating based on 2,940 reviews
  • Trustpilot - 4.9 out of 5 rating based on 389 reviews
  • Facebook - 4.9 out of 5 rating based on 2,122 reviews
  • Better Business Bureau (BullionStar USA) - Not rated, 0 reviews and "A-" BBB rating, BBB accredited since July 23, 2023
  • ScamAdviser - 100 out of 100 trust score
  • TripAdvisor - 5 out of 5 rating based on 222 reviews
  • Jobstreet - 3.7 out of 5 rating based on 15 reviews from employees
  • Top10Place - 4.7 out of 5 rating based on 776 reviews

As you can see, BullionStar has great ratings and reviews from these websites, which is very good. If you have been reading here in Your Gold IRA Guide, you should know that precious metal company reviews and ratings are very important.

BullionStar's US branch just got BBB accredited lately. That explains why it does not have reviews yet. But let us give it time and see.

But so far, so good!

BullionStar Pros and Cons


  • Wide variety of products and services
  • Good for storage and buying precious metals
  • Impressive ratings and reviews
  • Website is very helpful
  • Can order online
  • Has very good customer service and satisfaction


  • Does not offer own IRA services.
  • Not much information on the third-party IRA custodian
  • Lacks reviews and ratings from other websites

Is BullionStar a scam?

For the conclusion of this BullionStar Review, it is time to answer this question.

BullionStar is not a scam. It is a legitimate company that provides good services and products. Moreover, a lot of clients shared that they love the company.

Plus, the fact that it is in Singapore, makes it a very good place to buy and store precious metals since the country is a protected environment and has no required documents and taxes.

(This won’t work if you are set on putting your physical gold and silver into an IRA to take advantage of the tax benefits. If that’s the case, check out this company.)

The only downside it has is the lack of reviews from important websites such as BCA. And if you prefer working with a company that has its own IRA services, BullionStar is not the one for you.

You can always check out my top recommendation below to find the best precious metals in the industry today.

Thank you so much for reading my BullionStar Review! If you have any comments or questions, feel free to leave them in the comments section.

Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.

By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2023!


Leave a Reply

Your email address will not be published.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

 Questions? Call 855-444-7022