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Which UK PM dealers are the safest for storage?


Divmad

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I have suggested to my brother, who is very risk averse, to consider buying gold or silver bullion at close to spot, for his large cash in the bank safety net, to preserve real purchasing power for his children. 

He wants to know how he can trust any dealer to believe they are keeping his stored gold coins, even when he has a piece of paper evidencing that position legally. Fraud, theft etc are his biggest concerns. 

So is there an A List of reliable dealers, with all the appropriate checks and guarantees in place, that I can provide him with, to investigate further, for purchase and storage at their facilities? Home storage is not an option, given the neighborhood where he lives.

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Bullionvault for lowest costs close to spot, buying parts of a 400+oz "good delivery" LBMA bars  - the world's largest online investment gold service taking care of $3+ billion for more than 100,000ish users

if he wants to actually hold it and have immediate access to it.  Source a privately owned (not linked to a bank) safe deposit box to house it

Like anything, dont have all your eggs in one basket

Some in bullionvault, some in safe deposit box, some with held in vaults of approved dealers like Baird&Co/Chards/BullionByPost/BullionRock

Some buried in the woods with a well hidden treasure map

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I just watched the movie that was based on the Hatton Garden Vault robbery featuring Michael Caine.
Most vaults and bank vaults are low risk but they are not 100% failsafe as this robbery shows.
Owning physical is always going to be better than having a certificate of ownership.
I lost a substantial amount of my investments - rock solid S&P star rating etc etc invested in zero risk tracker funds BUT the guarantor went bust - Lehmann - and I lost 100% overnight and recovered 50% over the next few years.
Even with a bank vaulted box the bank will not guarantee its contents so you also need specialist insurance and how can you prove you actually had the gold in the box ?
Even Churchill's solid gold toilet was stolen from Blenheim Palace not so long ago - you would not think this possible with CCTV and security.
Some governments are asking the USA to ship them their gold but failing to get delivery and inspectors are not permitted to check so has this gold disappeared ?
Maybe the bars on pallets are full of tungsten rods for the photographers.
Your bars held by XXX might end up this way and if the Company is liquidated do you actually have any gold ?
Kind of scary though, low risk yes but guaranteed - no.
 

 

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15 hours ago, Divmad said:

I have suggested to my brother, who is very risk averse, to consider buying gold or silver bullion at close to spot, for his large cash in the bank safety net, to preserve real purchasing power for his children. 

He wants to know how he can trust any dealer to believe they are keeping his stored gold coins, even when he has a piece of paper evidencing that position legally. Fraud, theft etc are his biggest concerns. 

So is there an A List of reliable dealers, with all the appropriate checks and guarantees in place, that I can provide him with, to investigate further, for purchase and storage at their facilities? Home storage is not an option, given the neighborhood where he lives.

Details of our storage solutions can be found here https://www.bairdmint.com/usp-benefits-of-a-baird-account 

You can always call us if you have any specific questions or concerns.

Hope this helps.

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