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ABC Bullion

Five ways to keep your gold safe

29 September 2021

Tuesday 28 September 2021

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  • Keep your precious metals safe!

  • Secure storage

  • Safety deposit boxes

  • Global vaulting solutions

Shae Russell

Shae Russell,
Group Communications Manager

Dear Investor,

You took the plunge.

You bought some gold...

…or silver.

Perhaps, you picked up one of our new platinum bars after the price dipped.

Or maybe, you’re a long term precious metal investor. Slowly building a position in these rare elements.

The question is now, what do you do with your precious metals?

Where do you keep it? How should you store it?

I know you’re going to be tempted to put it under your mattress…or bury it in a back yard.

But I assure you, neither of these options are the way to store your precious metals.

For starters, I’ve heard one too many stories over the years about ‘forgotten’ gold or silver someone once buried in their backyard. Either they moved and forgot to take it with them. Or they forgot where it was buried, and no amount of digging unearthed it. Trust me, you don’t want this to be you.

Under the mattress is another lousy idea. Remember, gold and silver should be treated as cash. Just like cash, investment grade bullion can’t be insured under your home and contents policy. Once it’s gone, it’s gone.

Some people opt for a home safe. However, I would also caution against this.

YouTube is littered with hundreds of tutorials on how to crack open your average Bunnings safe. Some pressure in the right place, a couple of good whacks…and they open with ease. I’ve personally tested this and broken into my own home safe.

While commercial safes are generally of a much higher quality, they are expensive and probably not worth the cost. Especially when there is several cheaper — and more secure — alternatives to store your precious metals…

How to keep your gold safe

Now that we’ve put the idea of precious metals under the mattress to bed (pun intended), let’s look at several storage options. All of which, are much cheaper than you think.

Pool Allocated

First up, there’s ABC Bullion’s pool allocated.

This is the closet an investor can get to paying the ‘spot’ price of precious metals, and there are no storage costs!

Simply put, pool allocated is about buying a ‘share’ in a pool of goldsilverplatinum or palladium.  You have the flexibility of either buying in weight or dollar value. For a small barring fee, you can withdraw the physical metal at any time.

Pool allocated is an excellent idea for people who want exposure to precious metals without having to worry about storage costs.

Backed by externally audited metal
positions held by ABC Bullion.

Secure Product Storage

Next up, is secure product storage.

This one, is where we store your bars for you, but an exact bar isn’t allocated to you, rather it’s a ‘like for like’ transaction.

Let me explain.

Secure product storage is where your physical bullion products are held in storage by ABC Bullion, alongside other products in storage.

An important thing to remember, secure product storage operates like an unallocated storage option.

When you decide to redeem your bullion from secure product storage, you may not get the exact bar you placed in storage with us. Rather, you will receive exactly the same size, brand and type of bullion product.

You can opt for secure product storage on all our standard bullion products, such as all ABC Bullion, PAMP, Royal Canadian Mint Coins and Perth Mint Gold Coins. We don’t store Pert Mint Silver coins are they are most often limited mintages.

Secure product storage has an annual fee of 0.75% for all gold, platinum and palladium bullion, or 1.5% for silver, and this is calculated on the total value of your holdings.

Premium Product Storage

Then we have premium product storage.

This is only available for our 1kg ABC Bullion Gold Cast Bar.

With premium product storage, the bar you place into storage is the exact bar you withdraw. Each of our 1kg ABC Bullion Gold Cast Bars come with a unique serial number. This serial number means that gold bar is allocated to you, and only you. Because of this, premium product storage fees are slightly higher, at 0.95% of the total value.

Custodian Vaults

Finally, we have private vaulting services.

Custodian Vaults, our sister company, is a secure and discreet, purpose built vaulting service.

You can rent out a safety deposit box for a small monthly or annual fee. Non bank safety deposit boxes are a great alternative to store your precious metals. Small boxes start from as little as $26 per month, or $307 annually.

Custodian Vaults offers short-term and long-term leases to suit the requirements of private clients, families, offices and business partners from around the world. 

While Custodian Vaults is located in Sydney, ABC Bullion client’s are able to access these services through our Global Vaulting Storage service.

Our Global Vaulting Storage solution means no matter where you are in the world, ABC Bullion client’s can store their precious metals and William Buck Chartered Accounts act as the independent third party.  

If you need this service, William Buck will oversee delivery of your precious metals, ensure they have been securely stored with Custodian Vaults. They’ll verify what’s been placed in your security box and take possession of both sets of keys. Plus, you’ll receive an annual inventory audit at the end of each financial year.

Whatever option you choose, make sure you protect your investment in precious metals.

Until next time,

Shae Russell
Group Communications Manager,
For ABC Bullion