Ep.5 Season 2 - Gold and Silver Storage - What Do You Really Own? Types of Storage Explained
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- čas přidán 20. 07. 2024
- Season 2 - Episode Five
Investors often don't know what they are getting when they elect to have their gold and silver stored. Host Mark Yaxley explains the key differences between 'Fully Segregated' storage, 'Allocated' storage and 'Unallocated' storage. Join Mark inside SWP's Cayman Islands' vault for this educational episode, perfect for both beginners and experienced precious metal investors.
SWP website: www.swpcayman.com
**Remember to SUBSCRIBE to our channel to receive all of our great videos**
About Inside The Vault:
Join Mark Yaxley as he hosts esteemed guests and shares his expert tips on gold and silver delivered to you directly from inside SWP's Cayman Islands gold vault. Inside The Vault provides investors with insights and education about a variety of topics related to owning precious metals. You can follow SWP by SUBSCRIBING to our CZcams channel or follow us on Twitter @SWPGold or visit www.swpcayman.com.
Season 2 Episodes:
Understanding Macroeconomics with Raoul Pal
Gold and Silver Market Fundamentals with Jeff Clark
Top 10 Precious Metal Products to Own
Buying Gold and Silver - Understanding the Spot Price, Premiums and Total Spread
Gold and Silver Storage - Fully Segregated vs. Allocated vs. Unallocated - Explained
How to Keep Your Precious Metals Safe at Home
Practical Uses of Precious Metals in Every Day Life
How to Buy Precious Metals
Season 1 Episodes:
Coins vs Bars - Gold vs Silver - Which one should I buy?
Gold vs Silver - Which metal is better to own?
Travelling With Precious Metals - Tips for the airports and customs
Shipping Gold and Silver - How to prepare a package for shipment?
Testing Precious Metals - Five ways to avoid fakes
Testing Gold Bars with PAMP Suisse's Veriscan authentication technology
Home Storage vs. Offshore Storage - How much should I keep at home?
Collecting Rare Coins - Expert advice on collecting gold coins
Storing Gold and Silver - At home, at the bank and in a secure storage facility
Going Global - Owning gold and silver offshore
SUBSCRIBE TO OUR CZcams CHANNEL FOR ACCESS TO ALL THESE GREAT VIDEOS AND MORE
SWP website: www.swpcayman.com
You can also follow us on Instagram, Twitter, LinkedIn and Facebook: Strategic Wealth Preservation
About SWP:
Strategic Wealth Preservation (SWP) is an international precious metals dealer and secure storage provider headquartered in the Cayman Islands. We specialize in the acquisition and secure storage of precious metals for individuals, companies, trusts and wealth management professionals on behalf of their clients. We deliver precious metals worldwide to homes and businesses and offer secure storage in vaults located in the Cayman Islands, Canada, the United States, Switzerland, Liechtenstein, Singapore and New Zealand.
Thanks for watching and if you would like to purchase metals or store precious metals with SWP please visit www.swpcayman.com or email us - info@swpcayman.com
I call old school holding it in my floor safe and protecting it with my Benelli pump action.
Same here, in my safe. I also have a Benelli, the M4 semi auto.
@@operator001 Nobody moves, or else.
Lol
Affirmative !!!!
@@gates762x6 Home defense units locked up in a safe??? Kinda defeats the whole purpose imo. Besides, if it's a middle of the night surprise emergency I wouldn't choose the heavy artillery anyway. Mrs. Glock, God bless her always sleeps within arms distance of me 😍
Guys, it’s simple unless you have it and own the whole of the item you don’t own anything. Don’t buy into schemes, which is what they are. You’re loaning companies money so they can elevate their role and posture themselves in a better position. Buy the item, the whole item and hold onto it, or put it into a reputable vault.
Also thank your for these videos. Amazing videos.
"If you don't hold it, you don't own it." Unallocated accounts are BS and a good way to lose your money. There was a guy that went to prison back in the 90's for doing those "unallocated accounts" crap. I'm sure there are others that should be in jail.
Bobby Van Gilder well said
jeremiah babe approves this comment :-)
unallocated is bad, if the dealer goes bankrupt, you'll never see your money back. Oh and this channel is the best.
In other words if it ain’t in your possession you don’t own it.
Yeah, seems very ignorant to buy large quantities of precious metals then pay someone else to store it for you.....
AB CD except this guy is suggesting you buy it but let them hold it. So yeah you have your very own bin. But it’s not in your own possession
'If you don't hold it, you don't own it'
@@codycast It does protect you from being burgled. If you're going to be storing large amounts of "cash" at home set up a remote monitor camera system with battery backup.
@@RandyRandersonthefamous I’m covered. Thanks !
What a fantastic job you did explaining this both succinctly and effectively. Excellent!
So calm , collected and easy to understand. Thanks!
And a really nice dress shirt. ;)
Thankyou for this. I was already on the page of designated bars in designated non-bank storage, but this video made me read the contract. And visit the metals. And make sure they have a 3rd party audit yearly. Love these videos. More please. They make me want to acqire big shiny bars and do things with a touch of class as Mr Yaxley does.
Love this video. It re-enforces my long held belief that: "If you don't HOLD it, you don't OWN it."
Even segregated, you said it: "If you can make your way to the facility...." That's exactly it...What if you can't make it to the facility? What if the delivery system is down?
Yeah, you'll have to yank it out of my dead cold hands.
Yes but you have to pay for the vault storage fees if you owned it. But the other option is free storage but you dont owned physically your gold
Hate that we never find out what business does that to customers. I hope the guy makes a video explaining and putting to light the business that thinks it's okay to take your Pamp Suisse bars and give you back generic. Smh. Please call that business out. Lol
Love these videos so much.
My new FAVORITE show!!!!
Thank You Mark for your great and easy to follow explanation on this topic.
Beautiful information . Thanks a lot . Salute from Puerto Rico .
great episode ! and I've always wanted to visit The Caymans...
Love this video!! Been stacking silver and this is HELPFUL!!
I learned a lot and thank you for the clear explanation!
Excellent informative video, as usual!
I definitely understand better thanks to this video. Thank you Mark 💰
Love this series, keep them coming!
Yes!
I should have been starting watching continuously
Very important topic, especially in these times. Thanks for going in depth with this 👍 Prefer stacking at home but for larger quantities it just doesn't make sense.
Excellent Video As Always. 💯👍👍😎
Another very informative video!
Thanks for such clear information. Much appreciated!!
Glad it was helpful!
Great video and very informative! Watched every single one of your video! Can you please make a video on investment on other PM such as Palladium, Titanium, Platinum and etc? Is it worth to invest in other PM other than gold and silver?
Excellent video, loved it!
IF I have enough money for Gold & Silver, I should have enough money to STORE my own. You don’t own it, if you can’t walk in the next room and look at them anytime I want!
I don't walk in the next room I walk down to the valley across the [Redacted] down the dirt trail past the fallen tree up the hill through the canyon lift up a stump dig 3 ft deep and there it is. Thats true ownership right there
Interesting. Thanks for the breakdown.
An other great video! Segregated is the way to go for sure.
EXCELLENT video!
Thank you for this great info..............I feel safer holding my own metals.
Thank you guys!
There is this saying....If You Don't Hold It, You Don't Own It. btw here.. self audit needs to pay $100 per visit on top of the annual storage fees. Yes, your precious metals are safe in the vault.. esp if u are holding substantial amount of gold and silver , like few hundreds thousands or millions of dollars worth of PM..
good to know about fee
Thanks. Good education.
Excellent video!
Thanks for the video....
I just can’t justify paying someone to keep my precious metals. If I don’t possess it, then I don’t own it.
Exactly.
i agree but i think when you reach a certain size it is more comfortable to have it stored someplace much safer than your drawer ...
Argondo I would never put any amount of precious metals in a drawer. Buy a fireproof safe and look into ways of concealing it such as putting it in the floor or w/e. Or look into the company called tactical walls.
Same can be said with banks with your money
I'd imagine that if you're wealthy enough to have a substantial amount of precious metals, you'd want to keep some away from your house.
I have bought silver from SWP and I store my bullion with them in the Cayman Islands. They are an excellent company! and *NO I AM NOT BEING PAID TO SAY THIS!* If you want impartial FYI, more than happy to help you.
SWP is reputable
@@chriswalters6148: Totally Chris. I researched all the bullion vault people, Switzerland, Luxembourg etc. SWP are top notch! and brilliant service which you won't get from there European counterparts.
@@jerrycooper1428 All right!
Pardon me, I must be missing something here... Having someone hold onto my silver/gold is kinda like having someone hold onto my ammo isn't it? What good is it for someone to hold onto my ammo that I have NO immediate access to when I need it? I don't get it....
I think I have a better idea, why not I purchase the metal and have them ship it to me and I will store it myself that way I know that I OWN IT....
Exactly. Hell hold onto my wife too!! Shit adopt my kids!!
Perhaps for safety reasons, has a company store it.
If you are regularly travelling. Use rented accommodation. Live in an apartment where the safe security can not be highly secure. You live near a bad area of town. etc
@@kaspernbs If someone lives like that (bad area of town,) they should focus their money on moving, not precious metals. Just a thought.
Sometimes the owner is often away traveling on business, and doesn’t want his physical metals on his home turf. Or owns more than one home.
Good stuff Mark
Good information I didn't know that I didn't know! So... what about keeping bars and coins in a safe deposit box in a bank? That seems like a reasonable thing to do? Thoughts?
Pls make a video on present day scenario is it a good time to invest in Gold or Silver given the price is already too high. Thanks
Another great lesson
Thank you for the information.
Our pleasure!
I have unallocated - my wife *really* owns whatever metals I buy! 😂
Man, I'm really contemplating if I should tell my future wife if I have metals...if we separate later on wouldn't she take like half or all of it? Maybe even run off and disappear with my stash...😂
@@EroticOnion23 If you are not willing to give her everything you own you better run like Hell's chasing you !
Good explanation
I’m looking to start investing in gold and silver and I’m wondering where I should buy from. Thank you
Thank you! a very insightful, and important points.
Great info. My question is, what happens when the storage facility goes belly up?
That's what insurance is for, so just make sure it comes with that.
I would not want a vault, or someone who would be dishonest. Not everyone does as much research as I do, and this video makes my stand stronger than ever! Thank you...I may switch metals...lolol.
I wanted to watch it, but the camera kept going back and forth between angles. Not watchable. Maybe I'll listen to it instead.
Thank you
A lot of good advice, but I would like to add a few comments:
With unallocated storage you do not own the metal you "bought". You just have a claim on the metal, just like you have a claim on money you have lent. So you have a counterparty risk that you may not get your metal if your counterparty go bust. Because of this I do not use unallocated storage.
What you call comingled storage is what I call unsegregated allocated storage. The majority of my precious metal is in this form, done via BullionVault. They are clear about all the metal being in LBMA Good Delivery form, so there is no real risk of getting delivery of other bars. You need to have large holdings to be able to take delivery, but on the other hand there are very liquid markets with small spreads, enabling you to sell or buy fast.
Most important is the fully allocated storage. Here I do not directly use other providers. A part of the metal I hold on this form is directly in my personal possession, while the rest is stored in a bank safety deposit box.
Legally the big difference between allocated and unallocated storage is if you pay a storage fee for your metal held elsewhere. If you do not, courts will - in case of dispute - in general rule that is was unallocated storage, and that can be bad if your storage provider goes bust.
Mark, in a grid down/SHTF situation, what is your company's policy for getting your property out? Just wondering.
Oh, they'll get your property out.
The company that I use BullionByPost enacts all of the best practices that you mention apart from a personal vault visit. Is this a big problem given that each of the other requirements are met?
Sou colecionado dessas coisas e isso é um ótimo negócio excelente vídeo👏👏👏👏👏👍😉
I sorta like the idea of coming down to the Cayman Islands in January to check up on my bullion, fully expensed by the IRS. Oh, I might need to stay for another couple of weeks just to make sure that the Cayman's are REALLY where I want my bullion stored! lol
Right, can't be too careful. And no, the beautiful weather has nothing to do with your decision. lol
Question: IF I were to buy Silver Eagles and wanted them stored at your location, what do I need to do and what would the cost be if my Eagles cost $25 each... though I'd be buying Monster Boxes of them.
How do I know it's not base metal that is gold plated, or just junk that looks like gold ... because the dealer buys, sells and stores gold and therefore must be "reputable"?
Just sold out of GLD thanks brother
Why are different mints considered more valuable? Like the two bars from the middle example. Its the metal you wanted in the same amounts. So why does it matter what brand it is and why pay more for one then the other?
Actually bars from companies that no longer produced are considered vintage and can carry a pretty decent premium. If that's really how you feel about that bar I'd gladly buy it from you. Collectors would pay me way more for it than you'd sell for thinking of it as scrap
The thing is that you have to find someone willing to pay for it as a vintage bar, such as a collector. If you need the money quickly this can be a bit tricky
@@lonk0420 not if you're in the right fb groups. I've yet to have a vintage bar for sell that didn't sell in less than an hour for much more than melt value
Would you consider a company rating? Like SDBullion.com I enjoy them and want to know your opinion on them.
21st like, YEETING my $$$ in to gold and silver
Edit:keep working through this tough time, it'll be worth it
I bought physical Gold from Gold Bullion. Is that reputable?
Just take delivery and store it yourself. No third party liability. No need to deal with 'fine prints'. That's the whole point of owning precious metals.
Is it worth it to buy gram gold bars if you can’t afford an ounce right out?
I had assumed this video would be about different types of safes, and safety deposit boxes... Most of us are doing this. BUT THERE ARE PROBLEMS!!! IMHO
I have 7 bags of junk coins 90 percent silver. is it legally possible to have them refined and shipped back to me ?
This video explains why my friend in China gets her gold 5% less than Canadian spot price. All the gold is held in their bank.
Just a couple of weeks ago I checked out purchase and storage with SWP. Sorry Mr Yaxley, your minimum storage costs were mind boggling.
Ballin channel
Can allocated storage be seized like how a government can nationalize security deposit boxes in banks?
in a totalitarian police state the state can even put a finger up your ass
torture you to death, lock you up for showing signs of opposition
would they seize your gold?
They can and they will. The USD is dead! Check out Mike Maloney’s channel. He’s the owner of GoldSilver. Apparently, there’s a way around it and it’s storing the precious metals as jewelry.
Ellen Smart yeah I tried to find the company he was talking about where you buy gold link chains for a small premium over melt. Google and youtube were no help
@@codycast I've yet to find jewelry slightly over melt. Goldsilver does have some jewelry with low markups -for jewelry-. That being said, I'll prefer coins and bars that held in my own posesion.
Mike Maloney gold
Only thing that stops me from doing this is if I won’t my gold tomorrow there’s no way t get it and if something terrible happens w the country how on earth would I get it then ?
I think you came off overly critical of Unallocated Storage as an option. While there are positives and negatives associated with all the forms you showed (and you did touch upon them) Unallocated can be a form of a diversified "portfolio" of storage options, helping one to create an optimal amount of cost, risks, and rewards for their off site precious metals storage options. Me thinks SWP might have had a different take on it if it was one of the services they offered. Of course, the reputation and track record of the storage facility will come into play when making any kind of storage decisions.
where is the best place to buy gold or silver with the least premium for one ounce?
Just shop around they all got deals from time to time.
Kitco Vault Chain would be allocated co-mingled ?
Good question
Fully allocated and segregated does not eliminate third party risk. The vault is the third party and the people whom operate the vault are the risk. You are the risk. Even if I trusted your holding my property, I don't think the fees are worth it. Furthermore, by having you hold my property, I am entering into a contract with you, which reduces my holdings to "a piece of paper".
All these issues are correct, plus in a SHTF scenario you won't have access to your stack. In other words, for investors this probably isn't a concern, but for a stacker/prepper, don't ever keep your chicken's in someone else's chicken coop.
Possession is 9/10 of the law.
I would say there is third party risk with allocated segregated storage. You can always lock your doors in a crisis. If you don't hold it, you don't own it
So rounds are bad ?
If I dont get back the EXACT items that I locked up, I'm tearing the place down lol
Next question an I trust You with my gold . To get it when I want it. Now or during economic hard times.
Is Perth Mint reputable?
Yes very
Hey Mark, do u sell precious metals?
Yes they do! I have bought and store with them. They are an excellent company.
if you buy 20- 1 kg bars and ask for delivery ,they will give it to you in 2- 10kg bars which is fraud when people purchase 1 kg price instead of being cheaper for buying 1 large bars
Unallocated: *exists
Fully Segregated: I'm about to ruin this whole man's career
How is that legal that you pay for a brand and they give you something else that's how I don't get it
I guess it came down to the 'fine print' of a reputable 'swiss company'
It's always better to keep your gold at home.
Do you have to find and hire the third party auditor yourself?
Or is that something you trust the company to provide?
I cannot conceive of the mind of a man that would take his precious metals and put them in an Unallocated facility when Fully Segregated exists.
Presumably Unallocated is cheaper storage
There is no storage charge for un-allocated. That in itself should make you suspicious !
not just cheaper storage (probably) but for sure , cheaper "metal" price.
If I wanna invest, I do it with everything, but not gold/silver. The amount of gold and silver in coins is the absolut last resort, like currency reset last resort. I don't buy gold to make money, and if the time comes that I really need that last resort, I can't have it in some vault hours away with no access. Or only existing on paper.
However if you see gold as just another asset to make a return of your money, there is no need to even buy it in its physical form.
I see absolutely NO UPSIDE to holding metals in a vault unless you picking up 30lbs. bars. Even 7lbs. is doable in the home.
And keeping the metals in home? Is it a good option?
Diversify: some at home, some with third party, some (maybe - much caution needed) in a bank box.
Slow down on the cam to cam switching, it's too much!
In the example of Kingold in Wuhan China, you could be left with gold plated copper bars. 83 tonnes of them.
you pay to own gold and silver every day you own it vaults/ safe box/ etc.for 40 years,storage you lose money every day.
Why do people pay a higher premium for "brand value" ? Aren't one ounce gold pieces of 99.9% purity having no numismatic value the same regardless whose name is on it? If it is easy to test the purity before buying why care about the 'brand'?
Tip 5 (this is coming from a 23 year old man): if you can, always go for fully allocated and fully segregated storage.