What Are the Top 5 Precious Metal Storage Companies?
Brinks is well-known for its reliable, tight security, which began with home security system services.
Advanced technology and integrated platforms make it easy to view shipping and storage processes on either end. Whether you need secure shipment or vault storage of valuables, Brinks’ reputation precedes the company.
- Free trade zones
- Locations around the world
- Full liability
- Transparent processing, shipment tracking, and inventory
- Segregated storage available
- Segregated storage is not as affordable as co-mingled
- No shipping calculator is available
If you’re looking for a company that specializes in precious metal storage, Delaware Depository Services Company (DDSC) is your best bet.
Featuring over 200 years of combined staff experience, state-of-the-art security, Class 3 vaults, IRA asset storage qualification, and thorough inventory controls and reporting, DDSC is a leader in packaging, identifying, authenticating, and securing bullion before it’s deposited into their vaults. There’s also an additional location in Nevada.
- State-of-the-art security and Class 3 vaults
- Full liability
- Exchange-approved depository for CME and ICE
- IRA asset storage qualified
- 200 years of combined staff experience
- Limited to Delaware and Nevada
For people who want precious metal storage that is more secure than home safes and more variety than banks, Commonwealth Vault & Safe Deposit Company is a great option.
It’s open six days a week with access available during non-business hours by appointment and guarantees 100% privacy. Several types of safe deposit boxes, storage lockers, and mini-vaults come with security that is greater than Federal Reserve and government standards.
- 24/7 access
- No social security number required
- Pay only for the size box you need
- Highest security standards
- Licensed, bonded, and insured
- Only available in Loudoun County or Washington, DC
- No shipping services are available
Gold Silver Vault is the solution for investors who don’t want to co-mingle their precious metals for their peace of mind as well as immediate personal delivery on-demand. Segregated storage is the most secure type and has the least risks compared to the allocated storage. It also means total privacy.
The company has all-risk insurance that covers storage, transportation, theft, or disappearance.
- Segregation for all items
- Full liability insurance
- Private, customized storage outside the financial system
- Global locations not associated with a bullion dealer
- High security
- More expensive than allocated storage
International Depository Services provides solutions that are both time-sensitive and cost-effective. The staff at each location has a lot of experience in depository, security, and banking.
Insurance is provided through Lloyd’s of London, whose underwriters (or members) are corporations and individuals that pool specialty risk.
Plus, it’s privately owned and independently run by a division of Dillon Gage Metals, which is authorized to precious metal bullion coins from the world’s major mints.
- Lloyd’s of London insurance
- Significantly experienced staff
- Specialized storage for gold, silver, platinum, palladium bars, bullion, and coins.
- Limited to Delaware, Texas, and Canada
- Associated with a precious metal dealer
The 4 Most Common Forms of Gold Bullion Storage
It’s good to review the common forms of gold bullion storage. Here is information on the top four:
Bank Safe Deposit Boxes
Bank safe deposit boxes are a standard resort for fast, local precious metal storage away from home. Two caveats are: Not only are you limited to a 10 x 10 box, but to your bank’s working hours.
Private US Depositories
As an alternative to bank safe deposit boxes, private US depositories provide different types of box sizes, confidentiality, higher security standards, and allow you to store cash. They also offer insurance in case of theft or loss of business.
Overseas Gold Depositories
Overseas gold storage has three main benefits: Diversification, elimination of the risk of theft, and the risk of seizure by the U.S. government.
Home Gold Storage
Gold bullion should be stored in an environment with stable temperatures and low humidity. Standard options for home storage are lock-enabled jewelry boxes or safes for small gold valuables.
5 Top-Rated Locations for Offshore Gold Storage Depositories
When considering an offshore gold storage depository, not all countries are the same. Consider the benefits of the top five locations:
Australia has several solutions for gold storage with both private companies and bullion dealers.
Austria is the only European country with enhanced financial secrecy and privacy for gold investments, including anonymity, with three private Austrian vaults to choose from.
Canada’s neutrality is under debate, but it’s still a separate country that’s not too far away.
Singapore is a top country for offshore gold storage with regard to anonymity.
Switzerland has a democratic system of politics, a long history of neutrality, and an economic relationship with precious metals.
Secure Gold Storage at Home
There are good options for containers to protect them from theft and the elements for people who want to store some or all of their gold at home. Gold is durable, but it is subject to fire and heat. Any gold jewelry or coins that are not made with .999 fine gold purity will fade, and most gold is not 24k because it is soft and malleable.
Gold burns at 1,900 degrees Fahrenheit and a typical house fire burns at 1,100 degrees Fahrenheit. But for anyone who wants to store more than precious metals or to be prepared against any type of fire, a fireproof safe will keep everything protected.
Air-Tight Protective Holders for Long-Term Storage
For people who want to store precious metal coins, air-tight protective holders keep them safe from airborne contaminants and moisture and holder materials that discolor or harm coins over time. One caveat is that they are not for people who want to display their coins.
There are many options for precious metal storage, from home storage to storage company solutions. Whether you’re looking for a home safe, a private depository, or an overseas one, each has its own pros and cons.