High Security Vaults
We offer custody arrangements in our vaults for precious metal holdings. Our highly secure vaults provide the most secure, cost-efficient solution to store your bullion and it is 100% allocated and segregated.
Storage Charge
The custody and insurance charge for gold is structured as follows: Holdings valued below £15,385 are subject to a fixed annual fee of £100 + VAT. Holdings exceeding £15,385 are levied at a rate of 0.65% + VAT per annum, calculated based on the Insurance Value of the entirety of your metal holdings.
The storage fees for our vault services do not entail a minimum contractual duration, and annual advance payments are required for the custody of precious metals. These storage fees commence from December 01 or the acquisition date of precious metals for storage, and they are levied on a pro rata basis until December 01, calculated monthly.
Refunds for storage fees within the current storage cycle will not be issued in the event of either a sale or delivery arrangement being initiated during the storage period.
Fees shown include comprehensive insurance, irrespective of commodity price fluctuations, and are inclusive of VAT.
| Storage value* | Annual Fees |
|---|---|
| £0 – 15,385 | £120.00 |
| £15,385 – £100,000 | 0.65% |
| £100,000 + | ON DEMAND |
*Average Insurance Value of holding is calculated based on the pure precious metal weight of your holding multiplied by the average London Bullion Market Association (LBMA) PM Fix. This is then uplifted by the percentage premium you originally paid.
Delivery Charges
You can request physical delivery of part or all of your metal holding at any time. Insured delivery will be made up to £50,000 per package. Shipping will be charged at £25 plus insurance charged at 0.25% of the total current value of the shipment. These charges are subject to VAT. For larger shipments, either we can deliver in multiple packages or via a high security armoured vehicle. (Additional charges may apply for transport).
Benefits of Vault Storage
‘… a high security, insured and fully allocated storage solution.’
Highest Level of Security
Metals are stored at specialist LBMA-approved vaults with multi-layered security features, providing a far safer option than home storage.
Professionally Vaulted and Insured
Our allocated and fully insured storage solution with Brink’s, the industry leaders in risk management and secured vaulting, gives you peace of mind that your investment is safe. Additionally, we also arrange for the storage facility to be independently audited bi-annually, for guaranteed peace of mind, and we encourage our clients to inspect their holdings at any time, we do not ask for advance notice.
100% Allocated and Individually Segregated
Our vaulting service is individually segregated and fully allocated so there is no counterparty risk. All physical bullion stored in the professional vault belongs to the owner outright and is held in the name of the account holder.
Preferential Buy Back Rates
When you decide to sell your stored bullion, we will buy it back at 98% of the spot price. We can offer the most competitive prices and preferential rates because the chain of custody has not been broken so we don’t need to spend time authenticating the metal.
Tax Efficient Storage
Because Brinks is a member of the LBMA, you don’t need to pay VAT on Silver as long as it’s vaulted with us.
Terms and Conditions
Please click here to view the SuisseVault custody terms and conditions.
