Learn how our Secure Segregated Storage service works.
Clients who opt for our Secure Segregated Storage can store their precious metals at any of our global storage locations. To view a list of available locations, please visit our Storage Locations page. All assets are 100% segregated, allocated and insured.
The storage fees are calculated based on a percentage of the value of your precious metal holdings. The rates below are for one year and include both the storage and insurance for your holdings. The rates are applicable to all global storage locations offered by SWP.
| Metal | Total holdings below $250,000 USD Value | Total holdings above $250,000 USD Value |
|---|---|---|
| Gold | 0.70% | 0.50% |
| Silver* | 0.95% | 0.75% |
| Silver - Cayman* | 1.25% | 1.25% |
| Platinum | 0.70% | 0.50% |
| Palladium | 0.70% | 0.50% |
| Rhodium | 0.70% | 0.50% |
Example of how storage fees are calculated: If the average annual value of your gold holdings is USD $100,000, you would pay $700/year to store your gold. If the average annual value of your gold holdings is USD $300,000, you would pay $1500/year to store your gold. Storage fees include storage, insurance, an annual audit, your monthly statements and client services.
Secure Segregated Storage accounts are subject to a $50 USD minimum quarterly storage fee per location. Storage fees only begin to apply once a deposit has been completed to your account.
*Speak with your SWP representative about why holding your silver assets in one of our international locations can provide comparable value to holding silver in our Cayman vault.If you wish to make a deposit to your Secure Segregated Storage account, you have several options:
Option #1 - Purchase metals directly from SWP. Once the purchase has been completed, SWP will deposit the metals into your Secure Segregated Storage account. 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 our facility, they are deposited into your Secure Segregated Storage account and you receive a confirmation of the deposit.
Option #3 – Purchase metals from another bullion dealer for deposit to your account. Simply instruct the bullion dealer to deliver the metal to SWP for benefit of your account.
You have the option of picking up your assets from any of our global vaulting locations or we can arrange a fully insured delivery to your home or business address on file, upon request. Some restrictions may apply to deliveries to homes and businesses outside of the United States and Canada.
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.
We will provide you with a monthly inventory statement. As a non-financial institution SWP has no wealth reporting requirements to either the Cayman Islands government, or any foreign government or tax authority.
All Secure Segregated Storage accounts are subject to an annual independent audit performed by Bureau Veritas. A copy of the audit statement is available upon request.
We have the ability to authenticate all precious metals using industry leading testing equipment. All tests are non-destructive.
All metals held in Secure Segregated Storage account 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.
You can visit and inspect your metals by appointment.
| Service Types | Fees |
|---|---|
| Metals Deposit | FREE |
| Metals Transfer (internal transfer from one client account to another) | $50 USD |
| Metals Withdrawal (from the vault, either via pick up or via delivery) | $75 USD |
| Audit (self-audit or a 3rd party you hire to conduct an audit on your behalf) | $75 USD per hour* |
Secure Segregated Storage accounts are billed quarterly in arrears. Payments can be made by credit card, bank wire, ACH or by Bitcoin and Ethereum (via Bitpay).