Buying silver coins is a great form of investment. In this day when the recession is looming over our heads and paper money is slowly losing its worth, you need to have something to fall back on. As the precious metals gain value, the dollar seems to fall strangely enough. If you are buying precious metal you should develop patience and certain skills.
We charge a monthly fee. It is 0.12% per annum charged monthly in arrears, and it is subject to a $4 per month minimum. You will pay $4 a month if your holding is less than $40,000. $100,000 stored will cost you $10 per month. You can use all three vaults if you wish, as this doesn’t escalate your storage bill. Those fees includes insurance. Gold is very easy to store because there are no complex stock splits, dividends, rights issues etc to administer. It simply sits quietly in a highly secure vault. That’s why our storage rate at 0.12% per annum (less than 1% after 8 years) comes in at less than a tenth of share portfolios which I read recently charge an average of 1.31% per annum in management fees.
We believe that we are uniquely well qualified to re-build that accessibility and to manage the service in a way which maximizes security, accessibility and value for our customers.
Certain companies manufacture bars specifically for investing such as Johnson Matthey, or Engelhard, and these bars are beautifully designed and polished for viewing. The other type of bars you will find will be a plain looking block with the weight of the bar, “.999,” and perhaps the minting company’s logo roughly stamped on it. These bars are meant more for industrial uses instead of the investor, but have basically the same value to the investor as the nicely designed and polished bars. On the open market, the “investor” bars might carry a slight premium, but for the most part, bars of equal weight carry the same value.