How to store gold bullion and precious metals

You will need somewhere to store your precious metal purchases securely

ABC Bullion can help you store your bullion.

In fact, Unallocated Storage (Option 3) is FREE with any metals account purchase of Gold, Platinum or Palladium over 1oz, and for Silver purchases over 1kg. (These are minimum per product weights)

Premium Allocated Storage (Option 1) and Allocated Storage (Option 2) attract nomimal charges. Please see storage rates below.

We also include full replacement insurance (from Lloyds of London) at no extra cost. Replacement insurance makes sure that you get back your valued investment in full in the unlikely event anything happen to your physical gold in secure storage.

Option 1:  Premium allocated storage
The ultimate in luxury vaulted storage, this option is ideal if you are an SMSF (super fund) holder and need to be able to spot-audit individual bars.  You have a specific, numbered individual bar stored separately for you and you can withdraw your metal any time, without barring charges. (This is sometimes called numbered allocated storage, and additional charges apply for this type.)

Includes Replacement insurance (Lloyds of London)

Minimum storage for purchases is 1kg (32.15oz) in Gold and 15kg (482.25oz)  in Silver.

Storage Fees: $18.50 per oz Gold and $20 per kg Silver per annum (includes gst).

Option 2:  Allocated storage
This is our most popular storage type, giving you a bar with a specific weight, stored for you in a high security vault until you need it. You'll have an individual bar securely vaulted and allocated to you. You can withdraw your metal any time, without barring charges. (This is sometimes called allocated storage.)

Minimum Storage for purchases over 1oz (gold, platinum, palladium) and 1kg (silver).

Storage Fees: $12.50 per oz Gold and $16.00 per kg Silver per annum (includes gst).

Includes Replacement insurance (Lloyds of London)

Option 3:  Unallocated storage
This is Secure bulk storage and this is our lowest cost option, for serious traders of precious metal and people who want to get their trades as close as possible to the spot price. You'll own legal title to a fraction of gold stored in bulk bars and only pay barring charges when you want access to your metal, which you can withdraw anytime. This is sometimes called “unallocated metal,” and a small barring charge is made when you withdraw.

Minimum Storage for purchases over 1oz (gold, platinum, palladium) and 1kg (silver).

Includes Replacement insurance (Lloyds of London)

You need insurance and safe storage for your gold bullion

Some of our clients prefer self-storage, and that is fine, too. But please remember: if you buy gold and store it at home, you should have your gold included on your normal household policy. 

You should definitely be insured for your investment!

We recommend having a replacement value policy rather than one based on purchase price. This is because, if you have a 1kg bar stolen, you want to have a 1kg bar back - otherwise your secure investment undermined.
 

How is gold stored - what are vaults really like?

Everyone wants to know how gold and precious metals are stored in vaults. Is it really like it is in the movies?

The answer is YES! The vaults we use to store your gold are extremely secure.

When you arrive in one of these vaults, one of the first things you will notice is the smell – they smell a little dusty; a bit like travelling back in time to the 50s! They are usually underground and protected by a range of physical and electronic security measures such as dual-key locks (one person for each key), undrillable metal doors, thick reinforced concrete walls, armed guards, infra-red alarms, coded access systems – you name it.

Inside the vault, your gold is usually stored as an individual bar in a small drawer if you have ordered isolated storage. The bullion itself is usually stored in a black velvet or cotton drawstring pouch (a bit like a sock).

Can I see my gold in storage?

Unfortunately the numerous banks where we vault all of our metal does not allow  our clients into  the vaults. So we cannot let third parties access the Vaults held by ABC Bullion.

If you wish to withdraw your metal from storage we require you to fill in a release from storage form and allow us a minimum of 4 working days to retrieve your metal.

We are happy to quote our storage holders on secure freight if you would like to withdraw your metal from your account.
 

Can I transfer my metal account or gold in storage at any time.

Yes, as long as it was purchased at ABC Bullion. It is your gold.
 

How and where can I store gold?

Many people store gold at home, at work (in a safe) or in third party high-security vaults. If home storage is your plan, here are some tips: