The storage at Safekeeping Vault Int – independent of banks and offshore
The allocated & segregated storage of gold and silver (domestic and bonded vault)
For investors who want to store their precious metals – such as gold, silver, platinum or palladium – as well as their other valuables in a safe place outside of a bank, so-called allocated & segregated storage or individual custody is a viable option. Behind the service is an individualised system for the storage of valuables which are held in private, high-security vaults and safes or in either duty-free (ZFL) or open bonded warehouses (OZL). Such warehouses are particularly attractive for the storage of white metals, because the purchase, sale and storage of them are possible without tax.
Further advantages of segregated valuables storage
By depositing your precious metals physically outside of the banking sector with us, you will benefit from insurance through our partner Lloyds of London. This constitutes a full-risk insurance and covers the risk of, inter alia, theft, robbery and fraud, as well as fire risks and water damage. Due to the segregated storage in your name your values are never on our balance sheet, so you do not have to worry about losing it in the unlikely event of bankruptcy of the storage provider.
Your valuables remain your property at all times and are stored with full discretion. For institutional clients, we also offer the possibility of storing cash / bank notes. Furthermore, the purchase and sale of precious metals is possible through our partner / broker .
If you wish, Safekeeping Vault Int will take care of any storage and retrievals on your behalf. You don’t have to be on site in person – we only need your written order.
Precious metal storage available to international clients
Even if you are not based in Isle of Man or Cayman Island, you can still store your precious metals at Safekeeping Vault Int. Segregated custody is an ideal option for international clients, such as those from Europe, North America (including USA), Latin America, Asia or Africa. You don’t need a personal or professional connection to the country to access a domestic or duty-free warehouse in Isle of Man. Neither will you be required to open, or maintain, a Isle of Man bank account, because rental fees can be paid by flexible options such as cash payment (USD, EUR, CHF), payments by bank transfer, or payments in Bitcoin or Ethereum cryptocurrencies.
The advantages of individual safekeeping in overview:
- Asset storage in strictly private high-security systems, optionally in a duty-free warehouse/OZL (e.g. for ex-VAT storage of silver): These facilities available to people resident in Isle of Man and Cayman Island are also available to clients worldwide.
- All goods are stored allocated and segregated from each other in dedicated safe deposit boxes or pallets in the name of the client.
- Our service is independent of banks and offshore.
- Full risk insurance against the loss of your precious metals (theft, robbery, fraud, fire, water etc.) is provided by Lloyds of London.
- The stored goods are always off Safekeeping Vault Int’s balance sheet – and hence not subject to any default risk.
- Private physical storage is a safeguard against excessive turbulence in the financial system or the possibility of expropriation. You can be exposed to such risks, if, for example, you have a safe deposit box or a precious metals account with a bank. Precious metals such as gold are best stored independently of the banking system – which is why you don’t need a Isle of Man bank account to access our services.
- In the event of any power loss/power shortage, our high-security vaults are equipped with their own independent emergency power supply.