Where to buy and store physical silver?
Store precious metal at home:
Small amounts of precious metal can be kept very well at home. Above a certain amount, however,
the risks increase. If you keep precious metal in your home, then you should not tell anyone,
including your best friends. The more people know that you have precious metal in the house,
the greater the risk that it will be passed on and ultimately this information will end up with
the "wrong" people. If you say that you have around 500 euros worth of precious metals in the
house, you may not think much of it and feel safe about it. But the truth is often twisted as
the story goes, and after a week it might be as much as $50,000, and after a month it might be
told that you keep hundreds of thousands of dollars worth of precious metals in your home. For
this reason alone, we do not recommend keeping any precious metal in your own home unless truly
no one else knows about it.
Store precious metal in a safe deposit box:
If you store precious metal in a safe deposit box, the risk of your home being robbed is
significantly reduced. However, you expose yourself to other dangers by storing them in a safe
deposit box. For one thing, your precious metals in the safe deposit box are not insured and if
they are suddenly gone, you will have to prove what you had in the safe deposit box. This will
be very difficult if not impossible. Such cases have happened, albeit rarely, and it has always
been a total loss. Another danger is the insolvency of your bank. If the bank doesn't open its
doors tomorrow, you won't be able to get to the safe deposit box you rented. For these reasons,
precious metals and other valuable items should not be kept in safe deposit boxes.
Store precious metal in the bonded warehouse:
There are quite a few companies who want to sell you precious metals and then store these
precious metals for you in a bonded warehouse. However, storage in duty-free warehouses also
has its own problems, which people like to keep secret. A bonded warehouse is a state facility
and therefore everything that happens there is monitored and registered by the state. It is
very unlikely that you will be able to pick up your precious metal there yourself, and even
delivery to you will usually be refused, since it is not you, but the precious metal dealer
from whom you bought it, who is registered there as the owner. If delivery to you is possible,
this will be recorded in writing by the responsible state authority and you will have to pay
the corresponding import sales tax. You also have no real certainty that your precious metal is
actually there. A bonded warehouse is a large commercial warehouse designed to facilitate the
importation and exportation of products, and the mere storage of precious metals and other
valuables abuses the very purpose of a bonded warehouse. At the bonded warehouse, you should
ask yourself the following questions:
Do you know how and on what terms you can get your precious metals?
How do you get your precious metals if your dealer is no longer there (keyword insolvency)?
Can you sell or collect your precious metal in a crisis? How?
During a crisis, the physical removal of your precious metals from the bonded warehouse is
unlikely to be practically possible. The bonded warehouses are huge warehouses that store goods
belonging to thousands of people and companies. In a crisis situation, thousands of people and
companies will probably try to get their goods out of the bonded warehouse. However, there are
only a limited number of customs officers on site who have to document and account for each
This makes it clear that the bonded warehouse is a very bad form of storage for your precious
metals in an emergency.
Store bullion in high security storage, in Canada, outside the banking system:
Canada is one of the most economically and politically stable countries in the world.
Precious metals silver, platinum and gold are exempt from sales tax in Canada.
No official registration, no customs officer.
Diversification out of the euro area and out of Europe.
Storage outside the banking system.
The stored precious metal is fully insured.
The customer becomes 100% economic and legal owner.
The customer receives a new stock overview of his precious metals whenever there is a change in stock.
Sale and delivery is possible at any time.
Viewing, touching, counting and photographing your own precious metals is possible.
There are no taxes or customs duties on sale or delivery in Canada.