Where to buy and store physical silver?
Store precious metals 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
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
Store precious metals 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 metals in a bonded warehouse:
There are quite a few companies who want to sell you precious metal 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. The owners also have
real certainty that their precious metals are 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
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. 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 removal.
This makes it clear that the bonded warehouse is a very bad form of storage for your
precious metals in an emergency.
Store precious metals in high security storage, in Canada, outside of 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 of the banking system.
The stored precious metals are 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.