These are the Best Gold Storage Companies for Your Needs
James Byrd- Gold is a popular investment in times of economic uncertainty.
- It tends to be a safe investment for a variety of purposes, but there are several things to consider before adding it to your portfolio.
- Gold is a versatile asset that can be used in a variety of different ways; as a currency, as a hedge against inflation, or as jewelry.
Having gold as part of your investment portfolio is a wise move. Gold is a safe store of value, and its price tends to hold steady against inflation and deflation.
With gold in your possession, you're better positioned to ride out economic storms.
Store Here
Store Here has a number of options when it comes to gold storage, including private vaults, gold bars, and gold coins. Prices vary widely based on storage type, with private vaults starting around $2,995 per year and gold bars costing around $1,995 per year.
Brink's
Brink's is one of the world's largest providers of secure storage and security services. The company provides vaults and safe deposit boxes to store precious metals. Services include transporting and storing precious metals, selling precious metals, and managing safe-deposit boxes. Brink's also offers armored vehicles and security services.
In 2019, Brink's earned the top spot on Barron's annual list of top gold storage companies. Brink's offers gold and silver prices in all major currencies, including the U.S. dollar, euro, British pound, and Canadian dollar.
As of March 2020, Brink's charges a $3.95 monthly storage fee for gold bullion.
Read about Brink's gold storage options
Royal Canadian Mint
The Royal Canadian Mint is a state-owned company that offers several gold- and bullion-related services. The Royal Canadian Mint also publishes the Gold Maple Leaf, one of the world's purest gold coins.
The Royal Canadian Mint offers safe-deposit boxes for storing precious metals. The Royal Canadian Mint also provides gold storage services.
As of March 2020, the Royal Canadian Mint charges $25.00 per month per box to store the precious metal.
Learn about Royal Canadian Mint gold storage options
Valcambi
Valcambi SA is a Swiss precious metals refinery based in Zurich. Valcambi is one of the largest providers of precious metals to central banks and private clients around the world.
The company operates several precious metals refineries in Switzerland, the U.S., and Canada. Valcambi offers trading and storage of precious metals, including gold, silver, platinum, and palladium.
As of March 2020, Valcambi charges $1.50 per ounce to store gold.
Learn about Valcambi gold storage options
Brink's Canada
Brink's Canada is Canada's leading secure storage provider. It operates more than 50 storage vaults across the country, with 19 of them strategically located in major metropolitan areas. Brink's also offers a variety of safes and security containers that can be rented for special events or homes.
Brink's Canada provides customers with digital access to their account, including balance inquiries, transaction details, and copies of stored items. Clients also have the option to opt for Brink's Canada's mobile storage app, which offers offline access to stored items.
Brink's Canada's secure storage vaults feature state-of-the-art security. They are equipped with advanced biometric scanners, closed-circuit television (CCTV) surveillance, and 24-hour security monitoring.
Loomis
This financial services company offers secure, insured, and segregated gold services. It even has a vault at the Federal Reserve Bank of New York. It also has vaults in Europe, Asia, and other major financial centers.
Brink's
This security company, whose vaults are insured and audited, provides storage services, including vault, safe deposit box, and depository vault inventory check.
BullionVault
Its secure storage facilities are audited and insured, and customers can store gold, silver, platinum, and palladium.
Safe Deposit Box of America
This nationwide institution offers nearly 15,000 safe deposit boxes in more than 325 locations across the country. Most storage locations are within bank branches, although some are independent. The company offers two types of boxes: a standard (5' x 8' x 2') and a deluxe (5' x 10' x 2').
Safe Deposit Box of America offers a few additional perks, including free rental of a box for the first year, free box insurance, and the option to store cash, jewelry, guns, documents, and collectibles. Box rentals start at $43 per month and range from $40 to $165 per month, depending on location and box size.
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The Bottom Line
Gold is a precious metal that has been prized by many civilizations for centuries. From art to currency, gold has served its many purposes over the years, and it is still considered a valuable investment option today.
Despite its recent volatility, gold is likely to remain popular in the coming years. With gold prices increasing, investors may want to consider buying gold bullion and storing it in a secure place.
