Safe Deposit Boxes

Rent a safe deposit box to store your precious metals. Receive a key-in-hand, achieve direct ownership and the ultimate segregation of your gold and silver.

Storing gold and silver in a safe deposit box is the perfect solution for investors seeking direct ownership and complete segregation of their assets.

How Safe Deposit Boxes Work

Box Rental Fee

The annual rental fee is $500 USD. Clients who opt to rent a safe deposit box receive their own uniquely identified safe deposit box and two box keys.

Insurance

All metals held in safe deposit boxes are fully insured up to their full replacement value under the terms of our comprehensive insurance policy, issued by Marsh and underwritten by Lloyd’s of London. A copy of SWP’s Evidence of Insurance is available upon request. The insurance fees are calculated based on a percentage of the value of your precious metal holdings.

Metal Total holdings below $250,000 USD Value Total holdings above $250,000 USD Value
Gold 0.70% 0.50%
Silver 1.25% 1.25%
Platinum 0.70% 0.50%
Palladium 0.70% 0.50%

Example of how insurance fees are calculated: If the average annual value of your gold holdings is USD $100,000, you would pay $700/year for insurance. If the average annual value of your gold holdings is USD $300,000, you would pay $1500/year for insurance.

Making a Deposit

If you wish to make a deposit to your safe deposit box, you or an elected Authorised Representative will have to be present with a key in hand.

Option #1 - Purchase metals directly from SWP. Once the purchase has been completed, SWP will remit the metals to you or an Authorised Representative for deposit. You receive a confirmation of the deposit.

Option #2 - You can also deposit or transfer existing metals that you may currently be storing at home or in another depository. SWP can arrange a fully insured shipment of the metals to our facility on your behalf. Alternatively, this can be accomplished by hand delivering the metals to the facility yourself. Once the materials arrive at the facility, you or an Authorised Representative can make the deposit into the safe deposit box and you receive a confirmation of the deposit.

Making a Withdrawal

Option #1 - If you wish to make a withdrawal from your safe deposit box, you or an Authorised Representative will have to be present with a key in hand. An appointment is required.

Option #2 - You can opt to leave your box key with SWP. We can arrange a withdrawal on your behalf and ship the items to your address on file upon request.

Selling Metals

You can sell your metals directly to SWP. This creates an extremely liquid two-way market. Settlement from the sale generally occurs within 48-72 hours and the proceeds are remitted by bank wire.

Reporting

As a non-financial institution SWP has no wealth reporting requirements to either the Cayman Islands government, or any foreign government or tax authority.

Auditing

You can conduct a self-audit or appoint an Authorised Representative to conduct an audit on your behalf. Safe deposit boxes are not audited by SWP or any outside entities.

Testing

We have the ability to authenticate all precious metals using industry leading testing equipment. All tests are non-destructive.

Visitation

You can visit and inspect your box by appointment. Two visits per year are included free of charge. Subsequent visits are subject to vistation fees (see table below).

Service Fees

Service Fees
Visitation (48+ hours notice) $75 USD per hour*
Visitation (12-48 hours notice) $125 USD per hour*
Key Mailing $75 USD
Lock or Key Replacement $225 USD

*First two visits per year are free of charge.

Payments

Safe deposit boxes are billed annually in advance. Payments can be made by credit card, bank wire, ACH or by Bitcoin and Ethereum (via Bitpay).

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