One of the biggest decisions you’ll face as a precious metals investor is how to store your gold and silver. After you have made the decision to diversify your investment portfolio with precious metals, you must decide on how to keep them safe and secure. Holding gold and silver bullion coins and bars in your own possession, or even storing them in a bank’s safe deposit box, can present a host of security, logistics, insurance, and even personal safety issues.
If you don’t want to store precious metals at home, and you don’t trust the security of your local bank, private depository storage can be an ideal solution. One of the most reputable depository institutions noted for its customer satisfaction and operational excellence is the Delaware Depository.
Strategically Located for Superior Service Capabilities
Delaware Depository is a privately held precious metals custody and distribution center founded in 1999. Located in Wilmington, DE, Delaware Depository provides precious metals bullion custody, safekeeping, and distribution services for IRA custodians, financial institutions, broker-dealers, refiners, and individual investors. It is licensed with the CME Group (COMEX and NYMEX Divisions) for the storage of gold, silver, platinum, and palladium.
Delaware Depository is located away from the threats associated with major political and financial centers such as Washington, DC and New York City, yet conveniently located near major transportation hubs. The area is also relatively free from natural disasters that affect other parts of the country. Furthermore, the state of Delaware imposes no sales tax on the purchase, administration, or storage of precious metals. Customers also have the option of storing bullion at the Delaware Depository second location in Orange County, CA, or internationally, in Canada or Switzerland.
Full Precious Metals IRA Compliance and Administrative Convenience
Due to its unique qualifications, bullion held in the depository’s physical possession conforms to IRS requirements and is acceptable as an investment in individual retirement accounts (IRAs). When you store your precious metals at the Delaware Depository, taking delivery, shipping, or transferring to your broker, dealer, or custodian is quick and easy. Most bullion moves are processed the very next day, providing you with ready access to your bullion.
Precious Metals Investments Are Safe From Creditors
All bullion is fully allocated and held off-balance sheet, subject only to customer instructions. This means that, at all times, customers are recognized as the sole owner and title holder of their investment. Because the Delaware Depository has no debt, and does not lend, pledge, or encumber any bullion in its care, bullion held at the depository is safe from creditors.
Delaware Depository adheres to “defense in depth” security controls and procedures to protect customer assets from theft or damage. This includes physically fortified, access-controlled facilities with high security vaults and extensive security monitoring, including motion, sound, vibration, and metal detection devices.
Customer assets and recorded holdings are continuously reconciled and audited by internal and external auditors. To supplement its security, Delaware Depository maintains $1 billion in all-risk insurance through Lloyd’s of London.
Highly Experienced, Responsive and Friendly Staff
Delaware Depository is managed and operated by precious metals professionals with extensive experience providing customer-oriented depository services. When your bullion is stored at Delaware Depository, you can be confident that it will be safeguarded, processed, and delivered with care, competence, and accountability. Storage fees are highly competitive. Customer service is responsive and friendly. And you can be certain that your affairs will always remain private as your account activity and personal information are held in strict confidence.
Delaware Depository Offers Peace of Mind
Investors have many options for keeping their precious metals safe and secure, and some use a combination of different storage solutions at the same time. When it comes to protecting your precious metals, the many layers of physical security, electronic security, systems, internal control, legal protections, and experience render the Delaware Depository one of its most secure operations of its kind. This provides most precious metals investors peace of mind that is worth its weight in gold.
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