Ep.5 Season 2 - Gold and Silver Storage - What Do You Really Own? Types of Storage Explained

[@bobbyv3]

"If you don't hold it, you don't own it." Unallocated accounts are BS and a good way to lose your money. There was a guy that went to prison back in the 90's for doing those "unallocated accounts" crap. I'm sure there are others that should be in jail.

[@gabakusa]

Bobby Van Gilder well said

[@creounity]

jeremiah babe approves this comment :-)

[@pmtime407]

I call old school holding it in my floor safe and protecting it with my Benelli pump action.

[@operator001]

Same here, in my safe. I also have a Benelli, the M4 semi auto.

[@chriswalters6148]

@@operator001 Nobody moves, or else.

[@laceyedwards8581]

Lol

[@dannystephenson4197]

Affirmative !!!!

[@pmtime407]

@@gates762x6 Home defense units locked up in a safe??? Kinda defeats the whole purpose imo. Besides, if it's a middle of the night surprise emergency I wouldn't choose the heavy artillery anyway. Mrs. Glock, God bless her always sleeps within arms distance of me 😍

[@robertoh.20]

unallocated is bad, if the dealer goes bankrupt, you'll never see your money back. Oh and this channel is the best.

[@braden6992]

What a fantastic job you did explaining this both succinctly and effectively. Excellent!

[@GhostTraderz]

In other words if it ain’t in your possession you don’t own it.

[@Aus10McNeal]

Yeah, seems very ignorant to buy large quantities of precious metals then pay someone else to store it for you.....

[@codycast]

AB CD except this guy is suggesting you buy it but let them hold it. So yeah you have your very own bin. But it’s not in your own possession

[@LatimusChadimus]

'If you don't hold it, you don't own it'

[@RandyRandersonthefamous]

@@codycast It does protect you from being burgled. If you're going to be storing large amounts of "cash" at home set up a remote monitor camera system with battery backup.

[@codycast]

@@RandyRandersonthefamous I’m covered. Thanks !

[@rachelgooden9981]

So calm , collected and easy to understand. Thanks!

[@dave0126]

And a really nice dress shirt. ;)

[@sarge27271]

Love this video. It re-enforces my long held belief that: "If you don't HOLD it, you don't OWN it." Even segregated, you said it: "If you can make your way to the facility...." That's exactly it...What if you can't make it to the facility? What if the delivery system is down? Yeah, you'll have to yank it out of my dead cold hands.

[@iggy5347]

Yes but you have to pay for the vault storage fees if you owned it. But the other option is free storage but you dont owned physically your gold

[@silversmith3982]

My new FAVORITE show!!!!

[@TheGilbalfas]

Thankyou for this. I was already on the page of designated bars in designated non-bank storage, but this video made me read the contract. And visit the metals. And make sure they have a 3rd party audit yearly. Love these videos. More please. They make me want to acqire big shiny bars and do things with a touch of class as Mr Yaxley does.

[@xxterribleone1899xx]

Hate that we never find out what business does that to customers. I hope the guy makes a video explaining and putting to light the business that thinks it's okay to take your Pamp Suisse bars and give you back generic. Smh. Please call that business out. Lol

[@firearmsstudent]

Love this series, keep them coming!

[@chriswalters6148]

Yes!

[@joshuapowell7485]

I should have been starting watching continuously

[@benjaminlehman3221]

Love these videos so much.

[@ernestochaparro8751]

Beautiful information . Thanks a lot . Salute from Puerto Rico .

[@brettonplacefilms2033]

great episode ! and I've always wanted to visit The Caymans...

[@sanpedrosilver]

I definitely understand better thanks to this video. Thank you Mark 💰

[@paratrooperlane7022]

Thank you for this great info..............I feel safer holding my own metals.

[@jerrycooper1428]

I have bought silver from SWP and I store my bullion with them in the Cayman Islands. They are an excellent company! and *NO I AM NOT BEING PAID TO SAY THIS!* If you want impartial FYI, more than happy to help you.

[@chriswalters6148]

SWP is reputable

[@jerrycooper1428]

@@chriswalters6148: Totally Chris. I researched all the bullion vault people, Switzerland, Luxembourg etc. SWP are top notch! and brilliant service which you won't get from there European counterparts.

[@chriswalters6148]

@@jerrycooper1428 All right!

[@8475143117]

Pardon me, I must be missing something here... Having someone hold onto my silver/gold is kinda like having someone hold onto my ammo isn't it? What good is it for someone to hold onto my ammo that I have NO immediate access to when I need it? I don't get it.... I think I have a better idea, why not I purchase the metal and have them ship it to me and I will store it myself that way I know that I OWN IT....

[@bradmoberly6164]

Exactly. Hell hold onto my wife too!! Shit adopt my kids!!

[@chriswalters6148]

Perhaps for safety reasons, has a company store it.

[@kaspernbs]

If you are regularly travelling. Use rented accommodation. Live in an apartment where the safe security can not be highly secure. You live near a bad area of town. etc

[@lucidanecdote683]

@@kaspernbs If someone lives like that (bad area of town,) they should focus their money on moving, not precious metals. Just a thought.

[@evenbiggeral5089]

Sometimes the owner is often away traveling on business, and doesn’t want his physical metals on his home turf. Or owns more than one home.

[@lannyhoover1625]

Thanks for such clear information. Much appreciated!!

[@SWPCayman]

Glad it was helpful!

[@Stevonoles1]

Great info. My question is, what happens when the storage facility goes belly up?

[@TryGold]

That's what insurance is for, so just make sure it comes with that.

[@soldieramerican5964]

IF I have enough money for Gold & Silver, I should have enough money to STORE my own. You don’t own it, if you can’t walk in the next room and look at them anytime I want!

[@blueridgeocean]

I don't walk in the next room I walk down to the valley across the [Redacted] down the dirt trail past the fallen tree up the hill through the canyon lift up a stump dig 3 ft deep and there it is. Thats true ownership right there

[@sirfishslayer5100]

Mark, in a grid down/SHTF situation, what is your company's policy for getting your property out? Just wondering.

[@DanCooper404]

Oh, they'll get your property out.

[@dreamwalker3699]

Thank You Mark for your great and easy to follow explanation on this topic.

[@casualpreparedness2347]

Excellent Video As Always. 💯👍👍😎

[@viperviperpiro]

There is this saying....If You Don't Hold It, You Don't Own It. btw here.. self audit needs to pay $100 per visit on top of the annual storage fees. Yes, your precious metals are safe in the vault.. esp if u are holding substantial amount of gold and silver , like few hundreds thousands or millions of dollars worth of PM..

[@chriswalters6148]

good to know about fee

[@caribbeanqueen1389]

EXCELLENT video!

[@preciousmetalswithleif8939]

Very important topic, especially in these times. Thanks for going in depth with this 👍 Prefer stacking at home but for larger quantities it just doesn't make sense.

[@JVceo]

Love this video!! Been stacking silver and this is HELPFUL!!

[@ferebeefamily]

Thank you for the information.

[@SWPCayman]

Our pleasure!

[@CT-ig2oz]

Thanks. Good education.

[@osmanshk7397]

Pls make a video on present day scenario is it a good time to invest in Gold or Silver given the price is already too high. Thanks

[@SilverHeist]

I have unallocated - my wife *really* owns whatever metals I buy! 😂

[@EroticOnion23]

Man, I'm really contemplating if I should tell my future wife if I have metals...if we separate later on wouldn't she take like half or all of it? Maybe even run off and disappear with my stash...😂

[@omahanb1]

@@EroticOnion23 If you are not willing to give her everything you own you better run like Hell's chasing you !

[@GALTwarrior]

Good information I didn't know that I didn't know! So... what about keeping bars and coins in a safe deposit box in a bank? That seems like a reasonable thing to do? Thoughts?

[@jeanmader2302]

I would not want a vault, or someone who would be dishonest. Not everyone does as much research as I do, and this video makes my stand stronger than ever! Thank you...I may switch metals...lolol.

[@chriswalters6148]

Excellent informative video, as usual!

[@benth162]

I won't even watch this video, because I go by this; IF YOU DON'T HAVE IT IN YOUR POSSESSION, YOU DON'T OWN IT. Your box rental as well will destroy what little value you'll gain through price fluctuations and inflation. You'll more than make up the price of home safe with the rental cost at most vaults. If the state wants your gold and silver they'll just go to those vaults and take it, but if you have it at home in a safe, and they come and want to take it they may be met with lead instead. CAPICHE ??? In other words my friends don't trust anyone during this COVID-19 debacle as there are scam artist out there just waiting to steal us blind !

[@TheAverlorn]

Yes good words but I did see a small error, metal investments are protected against inflation which makes them valued and more trustworthy than stocks+funds to begin with. That's what makes them different :)

[@zlatkopodrug9437]

Excellent video, loved it!

[@jamesabber7891]

A lot of good advice, but I would like to add a few comments: With unallocated storage you do not own the metal you "bought". You just have a claim on the metal, just like you have a claim on money you have lent. So you have a counterparty risk that you may not get your metal if your counterparty go bust. Because of this I do not use unallocated storage. What you call comingled storage is what I call unsegregated allocated storage. The majority of my precious metal is in this form, done via BullionVault. They are clear about all the metal being in LBMA Good Delivery form, so there is no real risk of getting delivery of other bars. You need to have large holdings to be able to take delivery, but on the other hand there are very liquid markets with small spreads, enabling you to sell or buy fast. Most important is the fully allocated storage. Here I do not directly use other providers. A part of the metal I hold on this form is directly in my personal possession, while the rest is stored in a bank safety deposit box. Legally the big difference between allocated and unallocated storage is if you pay a storage fee for your metal held elsewhere. If you do not, courts will - in case of dispute - in general rule that is was unallocated storage, and that can be bad if your storage provider goes bust.

[@charlesgordon5219]

Good stuff Mark

[@Silverholic]

An other great video! Segregated is the way to go for sure.

[@virus6363]

Great video and very informative! Watched every single one of your video! Can you please make a video on investment on other PM such as Palladium, Titanium, Platinum and etc? Is it worth to invest in other PM other than gold and silver?

[@woodworkingandepoxy643]

Actually bars from companies that no longer produced are considered vintage and can carry a pretty decent premium. If that's really how you feel about that bar I'd gladly buy it from you. Collectors would pay me way more for it than you'd sell for thinking of it as scrap

[@lonk0420]

The thing is that you have to find someone willing to pay for it as a vintage bar, such as a collector. If you need the money quickly this can be a bit tricky

[@woodworkingandepoxy643]

@@lonk0420 not if you're in the right fb groups. I've yet to have a vintage bar for sell that didn't sell in less than an hour for much more than melt value

[@ridethecurve55]

I sorta like the idea of coming down to the Cayman Islands in January to check up on my bullion, fully expensed by the IRS. Oh, I might need to stay for another couple of weeks just to make sure that the Cayman's are REALLY where I want my bullion stored! lol

[@chriswalters6148]

Right, can't be too careful. And no, the beautiful weather has nothing to do with your decision. lol

[@sphinx9517]

I’m looking to start investing in gold and silver and I’m wondering where I should buy from. Thank you

[@petespeicher8363]

Another great lesson

[@firearmsstudent]

Can allocated storage be seized like how a government can nationalize security deposit boxes in banks?

[@cryptonite8237]

in a totalitarian police state the state can even put a finger up your ass torture you to death, lock you up for showing signs of opposition would they seize your gold?

[@ellensmart6239]

They can and they will. The USD is dead! Check out Mike Maloney’s channel. He’s the owner of GoldSilver. Apparently, there’s a way around it and it’s storing the precious metals as jewelry.

[@codycast]

Ellen Smart yeah I tried to find the company he was talking about where you buy gold link chains for a small premium over melt. Google and youtube were no help

[@N20Joe]

@@codycast I've yet to find jewelry slightly over melt. Goldsilver does have some jewelry with low markups -for jewelry-. That being said, I'll prefer coins and bars that held in my own posesion.

[@Jack-lp7ns]

Mike Maloney gold

[@fithinkulu7154]

Thank you! a very insightful, and important points.

[@xskalibur]

Another very informative video!

[@martialhealth4062]

Interesting. Thanks for the breakdown.

[@Swagtastic22-r9l]

21st like, YEETING my $$$ in to gold and silver Edit:keep working through this tough time, it'll be worth it

[@Lipjam]

Thank you guys!

[@grimthegreat8832]

Just sold out of GLD thanks brother

[@01skillzthatkillz01]

Excellent video!

[@jpdurr]

I think you came off overly critical of Unallocated Storage as an option. While there are positives and negatives associated with all the forms you showed (and you did touch upon them) Unallocated can be a form of a diversified "portfolio" of storage options, helping one to create an optimal amount of cost, risks, and rewards for their off site precious metals storage options. Me thinks SWP might have had a different take on it if it was one of the services they offered. Of course, the reputation and track record of the storage facility will come into play when making any kind of storage decisions.

[@SSgtBigSwole]

I just can’t justify paying someone to keep my precious metals. If I don’t possess it, then I don’t own it.

[@ernestochaparro8751]

Exactly.

[@Argondo]

i agree but i think when you reach a certain size it is more comfortable to have it stored someplace much safer than your drawer ...

[@SSgtBigSwole]

Argondo I would never put any amount of precious metals in a drawer. Buy a fireproof safe and look into ways of concealing it such as putting it in the floor or w/e. Or look into the company called tactical walls.

[@bign1667]

Same can be said with banks with your money

[@firearmsstudent]

I'd imagine that if you're wealthy enough to have a substantial amount of precious metals, you'd want to keep some away from your house.

[@steveg6512]

Just a couple of weeks ago I checked out purchase and storage with SWP. Sorry Mr Yaxley, your minimum storage costs were mind boggling.

[@zenglider2145]

How do I know it's not base metal that is gold plated, or just junk that looks like gold ... because the dealer buys, sells and stores gold and therefore must be "reputable"?

[@koalabear206]

Just take delivery and store it yourself. No third party liability. No need to deal with 'fine prints'. That's the whole point of owning precious metals.

[@silverlover5817]

Thanks for the video....

[@Freddy-Da-Freeloadah]

I had assumed this video would be about different types of safes, and safety deposit boxes... Most of us are doing this. BUT THERE ARE PROBLEMS!!! IMHO

[@SoloUpOkay]

This video explains why my friend in China gets her gold 5% less than Canadian spot price. All the gold is held in their bank.

[@divinenumerology7178]

Thank you

[@InspectorShow]

I wanted to watch it, but the camera kept going back and forth between angles. Not watchable. Maybe I'll listen to it instead.

[@den-dy5gn]

Good explanation

[@davidlong4000]

Question: IF I were to buy Silver Eagles and wanted them stored at your location, what do I need to do and what would the cost be if my Eagles cost $25 each... though I'd be buying Monster Boxes of them.

[@benfranklinskite5975]

Fully allocated and segregated does not eliminate third party risk. The vault is the third party and the people whom operate the vault are the risk. You are the risk. Even if I trusted your holding my property, I don't think the fees are worth it. Furthermore, by having you hold my property, I am entering into a contract with you, which reduces my holdings to "a piece of paper".

[@unknownprofile8909]

Why are different mints considered more valuable? Like the two bars from the middle example. Its the metal you wanted in the same amounts. So why does it matter what brand it is and why pay more for one then the other?

[@zalzalahbuttsaab]

The company that I use BullionByPost enacts all of the best practices that you mention apart from a personal vault visit. Is this a big problem given that each of the other requirements are met?

[@toddbroome6832]

I would say there is third party risk with allocated segregated storage. You can always lock your doors in a crisis. If you don't hold it, you don't own it

[@heimskurhungog3346]

where is the best place to buy gold or silver with the least premium for one ounce?

[@adrianlopez9293]

Just shop around they all got deals from time to time.

[@ambermichealshotkinkyjo15]

So rounds are bad ?

[@troyshore3357]

Only thing that stops me from doing this is if I won’t my gold tomorrow there’s no way t get it and if something terrible happens w the country how on earth would I get it then ?

[@jamesmagalhaes6377]

Sou colecionado dessas coisas e isso é um ótimo negócio excelente vídeo👏👏👏👏👏👍😉

[@Reignunlimited]

Possession is 9/10 of the law.

[@JorneDeSmedt]

Do you have to find and hire the third party auditor yourself? Or is that something you trust the company to provide?

[@Mocha69A]

Next question an I trust You with my gold . To get it when I want it. Now or during economic hard times.

[@townsin11]

I bought physical Gold from Gold Bullion. Is that reputable?

[@marvinjames2433]

Hey Mark, do u sell precious metals?

[@jerrycooper1428]

Yes they do! I have bought and store with them. They are an excellent company.

[@daricklilleygirl]

Is it worth it to buy gram gold bars if you can’t afford an ounce right out?

[@frankbeans289]

All these issues are correct, plus in a SHTF scenario you won't have access to your stack. In other words, for investors this probably isn't a concern, but for a stacker/prepper, don't ever keep your chicken's in someone else's chicken coop.

[@benjaminlehman3221]

Would you consider a company rating? Like SDBullion.com I enjoy them and want to know your opinion on them.

[@brailwolf]

I have 7 bags of junk coins 90 percent silver. is it legally possible to have them refined and shipped back to me ?

[@keepingitsimple88]

Ballin channel

[@keepingitsimple88]

Kitco Vault Chain would be allocated co-mingled ?

[@xxterribleone1899xx]

Good question

[@ktember6526]

Is Perth Mint reputable?

[@emilielippmann7756]

Yes very

[@grissom3310]

I see absolutely NO UPSIDE to holding metals in a vault unless you picking up 30lbs. bars. Even 7lbs. is doable in the home.

[@charon7347]

If I dont get back the EXACT items that I locked up, I'm tearing the place down lol

[@charliehinde1701]

I cannot conceive of the mind of a man that would take his precious metals and put them in an Unallocated facility when Fully Segregated exists. Presumably Unallocated is cheaper storage

[@MarksElectricLife]

There is no storage charge for un-allocated. That in itself should make you suspicious !

[@robertoh.20]

not just cheaper storage (probably) but for sure , cheaper "metal" price.

[@RockyMountainTrails]

if you buy 20- 1 kg bars and ask for delivery ,they will give it to you in 2- 10kg bars which is fraud when people purchase 1 kg price instead of being cheaper for buying 1 large bars

[@max5183]

If I wanna invest, I do it with everything, but not gold/silver. The amount of gold and silver in coins is the absolut last resort, like currency reset last resort. I don't buy gold to make money, and if the time comes that I really need that last resort, I can't have it in some vault hours away with no access. Or only existing on paper. However if you see gold as just another asset to make a return of your money, there is no need to even buy it in its physical form.

[@afonsomarques104]

And keeping the metals in home? Is it a good option?

[@TryGold]

Diversify: some at home, some with third party, some (maybe - much caution needed) in a bank box.

[@UnprofessionalProfessor]

2:49 Exactly why I buy physical products. Miss me with that Ponzi scheme.

[@zenglider2145]

Why do people pay a higher premium for "brand value" ? Aren't one ounce gold pieces of 99.9% purity having no numismatic value the same regardless whose name is on it? If it is easy to test the purity before buying why care about the 'brand'?

[@RegulusVi]

It's always better to keep your gold at home.

[@richardsanchez9190]

How is that legal that you pay for a brand and they give you something else that's how I don't get it

[@TheAverlorn]

I guess it came down to the 'fine print' of a reputable 'swiss company'

[@Mr-pn2eh]

Tip 5 (this is coming from a 23 year old man): if you can, always go for fully allocated and fully segregated storage.

[@allenschmitz9644]

you pay to own gold and silver every day you own it vaults/ safe box/ etc.for 40 years,storage you lose money every day.

[@CatsMeowPaw]

In the example of Kingold in Wuhan China, you could be left with gold plated copper bars. 83 tonnes of them.

[@charliehinde1701]

Unallocated: *exists Fully Segregated: I'm about to ruin this whole man's career

[@ftrudeau]

Slow down on the cam to cam switching, it's too much!