Secure Storage
Where Your Precious Metals Will Be Stored
Upon selecting your custodian, you must choose your 3rd party (non-bank) precious metals depository qualified under Internal Revenue Code IRC-408n.
We work closely with and recommend:
Delaware Depository
Delaware Depository is an Exchange-approved, precious metals depository providing a full range of specialized precious metals custody, accounting, and shipping services. Customers include IRA custodians, investment banks, brokerage firms, refiners, manufacturers, commodity trading houses, major retailers, coin dealers, and individual investors.
The Delaware Depository is a licensed precious metals depository of the CME group and ICE Futures U.S. They employ multiple layers of physical and electronic security, along with proprietary systems and internal controls as one of the most secure operations of its kind.
The Delaware Depository maintains $1 billion in “all-risk” insurance coverage through Lloyds of London. Risks include, “physical loss and/or physical damage, including mysterious disappearance and/or unexplained loss and shortage, employee dishonesty and theft. Loss or damage from fire, flood or other natural disaster is also covered.”
All precious metals stored with the Delaware Depository are fully allocated and held off-balance sheet, meaning that at all times clients are recognized as the sole owners and titleholders of said metal.
Storage Options
Customers have the option of selecting either segregated or non-segregated storage arrangements.
Segregated Storage
With segregated storage, bullion is inspected, packaged, labeled, and stored in high-security vaults, physically separate and apart from the bullion of other customers. Due to the significant labor and substantial space requirements of segregated storage, the cost of segregated storage is more than the cost of non-segregated storage. However, customers are assured that they will receive back the same exact bars or coins that were originally deposited.
Non-Segregated Storage
With non-segregated storage, fungible bullion products which, by nature, are commercially interchangeable, are inspected and stored in high-security vaults. Frequent recurring audits and independently-audited internal controls ensure that all bullion is properly accounted for and securely stored. Customers that choose non-segregated storage benefit from significant cost savings because bullion is securely stored in bulk.
Domestic & International Storage
Delaware Depository’s Nevada and Delaware locations fully accommodate the storage of gold, silver, platinum, and palladium coins and bars.
The Nevada location maintains the same externally audited internal controls and procedures as its Delaware locations. The new depository is our most state-of-the-art facility containing multiple layers of physical, technical, and administrative protections.
Delaware Depository stores gold in its Zurich, Switzerland location and gold, silver, and platinum in Toronto, Canada.
The depository maintains $1 billion of all-risk insurance through London underwriters.
Exchange Approved
CME Group
Delaware Depository is licensed by the CME Group (COMEX & NYMEX Divisions) to store gold, silver, platinum & palladium bullion deliverable in satisfaction of futures contract delivery obligations.
ICE FUTURES U.S.
Delaware Depository is licensed by ICE Futures US to store gold and silver deliverables in satisfaction of futures contract delivery obligations.
Internal Transfer
Upon request, precious metals and certified coins held at Delaware Depository may be transferred internally to other Delaware Depository commercial or individual accounts, or they can be shipped on an insured basis nearly anywhere. External shipments can be arranged by Delaware Depository using the services of the U.S. Postal Service, UPS, Federal Express, and various armored transport companies.
Reporting Services
Delaware Depository’s commercial customers receive holdings, activity, and shipping reports by mail or electronically. Reports can be customized and delivered in multiple formats.
Personal Storage customers can log into myaccount.delawaredepository.com and view account holdings and reports. Statements are also available by mail, email, or fax.
Call us at (302) 765-3889 anytime you need assistance, account information, or a depository report.
Audit Team
As part of Delaware Depository’s commitment to our customers, we have designated a separate team of vault staff to perform continuous internal audits. This team of employees focuses solely on checking the accuracy of work that the depository has completed. Random counts on various products occur without notice. Discrepancies are researched and resolved immediately. This process strengthens internal controls and enables the depository to stand behind reports, statements
Delaware Depository
Ph: (302) 765-3889
ddsops@delawaredepository.com
Better Business Bureau Profile