"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.
@gabakusa4 жыл бұрын
Bobby Van Gilder well said
@creounity4 жыл бұрын
jeremiah babe approves this comment :-)
@pmtime4074 жыл бұрын
I call old school holding it in my floor safe and protecting it with my Benelli pump action.
@operator0014 жыл бұрын
Same here, in my safe. I also have a Benelli, the M4 semi auto.
@chriswalters61484 жыл бұрын
@@operator001 Nobody moves, or else.
@laceyedwards85814 жыл бұрын
Lol
@dannystephenson41974 жыл бұрын
Affirmative !!!!
@pmtime4073 жыл бұрын
@@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.204 жыл бұрын
unallocated is bad, if the dealer goes bankrupt, you'll never see your money back. Oh and this channel is the best.
@braden69924 жыл бұрын
What a fantastic job you did explaining this both succinctly and effectively. Excellent!
@GhostTraderz4 жыл бұрын
In other words if it ain’t in your possession you don’t own it.
@Aus10McNeal4 жыл бұрын
Yeah, seems very ignorant to buy large quantities of precious metals then pay someone else to store it for you.....
@codycast4 жыл бұрын
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
@LatimusChadimus3 жыл бұрын
'If you don't hold it, you don't own it'
@RandyRandersonthefamous3 жыл бұрын
@@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.
@codycast3 жыл бұрын
@@RandyRandersonthefamous I’m covered. Thanks !
@rachelgooden99814 жыл бұрын
So calm , collected and easy to understand. Thanks!
@dave01264 жыл бұрын
And a really nice dress shirt. ;)
@sarge272714 жыл бұрын
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.
@iggy534710 ай бұрын
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
@silversmith39824 жыл бұрын
My new FAVORITE show!!!!
@TheGilbalfas4 жыл бұрын
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.
@xxterribleone1899xx4 жыл бұрын
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
@firearmsstudent4 жыл бұрын
Love this series, keep them coming!
@chriswalters61484 жыл бұрын
Yes!
@joshuapowell74852 жыл бұрын
I should have been starting watching continuously
@benjaminlehman32214 жыл бұрын
Love these videos so much.
@ernestochaparro87514 жыл бұрын
Beautiful information . Thanks a lot . Salute from Puerto Rico .
@brettonplacefilms20334 жыл бұрын
great episode ! and I've always wanted to visit The Caymans...
@sanpedrosilver4 жыл бұрын
I definitely understand better thanks to this video. Thank you Mark 💰
@paratrooperlane70224 жыл бұрын
Thank you for this great info..............I feel safer holding my own metals.
@jerrycooper14284 жыл бұрын
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.
@chriswalters61484 жыл бұрын
SWP is reputable
@jerrycooper14284 жыл бұрын
@@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.
@chriswalters61484 жыл бұрын
@@jerrycooper1428 All right!
@84751431174 жыл бұрын
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....
@bradmoberly61644 жыл бұрын
Exactly. Hell hold onto my wife too!! Shit adopt my kids!!
@chriswalters61484 жыл бұрын
Perhaps for safety reasons, has a company store it.
@kaspernbs4 жыл бұрын
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
@lucidanecdote6834 жыл бұрын
@@kaspernbs If someone lives like that (bad area of town,) they should focus their money on moving, not precious metals. Just a thought.
@evenbiggeral50893 жыл бұрын
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.
@lannyhoover16252 жыл бұрын
Thanks for such clear information. Much appreciated!!
@SWPCayman2 жыл бұрын
Glad it was helpful!
@Stevonoles13 жыл бұрын
Great info. My question is, what happens when the storage facility goes belly up?
@TryGold3 жыл бұрын
That's what insurance is for, so just make sure it comes with that.
@soldieramerican59643 жыл бұрын
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!
@blueridgeocean3 жыл бұрын
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
@sirfishslayer51004 жыл бұрын
Mark, in a grid down/SHTF situation, what is your company's policy for getting your property out? Just wondering.
@DanCooper40410 ай бұрын
Oh, they'll get your property out.
@dreamwalker36994 жыл бұрын
Thank You Mark for your great and easy to follow explanation on this topic.
@casualpreparedness23474 жыл бұрын
Excellent Video As Always. 💯👍👍😎
@viperviperpiro4 жыл бұрын
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..
@chriswalters61484 жыл бұрын
good to know about fee
@caribbeanqueen13892 жыл бұрын
EXCELLENT video!
@preciousmetalswithleif89393 жыл бұрын
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.
@JVceo3 жыл бұрын
Love this video!! Been stacking silver and this is HELPFUL!!
@ferebeefamily3 жыл бұрын
Thank you for the information.
@SWPCayman3 жыл бұрын
Our pleasure!
@CT-ig2oz2 жыл бұрын
Thanks. Good education.
@osmanshk73974 жыл бұрын
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
@SilverHeist4 жыл бұрын
I have unallocated - my wife *really* owns whatever metals I buy! 😂
@EroticOnion233 жыл бұрын
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 Жыл бұрын
@@EroticOnion23 If you are not willing to give her everything you own you better run like Hell's chasing you !
@GALTwarrior3 жыл бұрын
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 Жыл бұрын
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.
@chriswalters61484 жыл бұрын
Excellent informative video, as usual!
@benth1624 жыл бұрын
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 !
@TheAverlorn3 жыл бұрын
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 :)
@zlatkopodrug94373 жыл бұрын
Excellent video, loved it!
@jamesabber78914 жыл бұрын
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.
@charlesgordon52194 жыл бұрын
Good stuff Mark
@Silverholic4 жыл бұрын
An other great video! Segregated is the way to go for sure.
@virus63634 жыл бұрын
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?
@woodworkingandepoxy6433 жыл бұрын
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
@lonk04202 жыл бұрын
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
@woodworkingandepoxy6432 жыл бұрын
@@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
@ridethecurve554 жыл бұрын
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
@chriswalters61484 жыл бұрын
Right, can't be too careful. And no, the beautiful weather has nothing to do with your decision. lol
@sphinx95174 жыл бұрын
I’m looking to start investing in gold and silver and I’m wondering where I should buy from. Thank you
@petespeicher83632 жыл бұрын
Another great lesson
@firearmsstudent4 жыл бұрын
Can allocated storage be seized like how a government can nationalize security deposit boxes in banks?
@cryptonite82374 жыл бұрын
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?
@ellensmart62394 жыл бұрын
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.
@codycast4 жыл бұрын
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
@N20Joe4 жыл бұрын
@@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-lp7ns3 жыл бұрын
Mike Maloney gold
@fithinkulu71544 жыл бұрын
Thank you! a very insightful, and important points.
@xskalibur4 жыл бұрын
Another very informative video!
@martialhealth40624 жыл бұрын
Interesting. Thanks for the breakdown.
@Swagtastic22-r9l4 жыл бұрын
21st like, YEETING my $$$ in to gold and silver Edit:keep working through this tough time, it'll be worth it
@Lipjam4 жыл бұрын
Thank you guys!
@grimthegreat88324 жыл бұрын
Just sold out of GLD thanks brother
@01skillzthatkillz014 жыл бұрын
Excellent video!
@jpdurr2 жыл бұрын
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.
@SSgtBigSwole4 жыл бұрын
I just can’t justify paying someone to keep my precious metals. If I don’t possess it, then I don’t own it.
@ernestochaparro87514 жыл бұрын
Exactly.
@Argondo4 жыл бұрын
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 ...
@SSgtBigSwole4 жыл бұрын
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.
@bign16674 жыл бұрын
Same can be said with banks with your money
@firearmsstudent4 жыл бұрын
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.
@steveg65124 жыл бұрын
Just a couple of weeks ago I checked out purchase and storage with SWP. Sorry Mr Yaxley, your minimum storage costs were mind boggling.
@zenglider21454 жыл бұрын
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"?
@koalabear2064 жыл бұрын
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.
@silverlover58174 жыл бұрын
Thanks for the video....
@Freddy-Da-Freeloadah4 жыл бұрын
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
@SoloUpOkay4 жыл бұрын
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.
@divinenumerology71784 жыл бұрын
Thank you
@InspectorShow4 жыл бұрын
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-dy5gn4 жыл бұрын
Good explanation
@davidlong40004 жыл бұрын
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.
@benfranklinskite59754 жыл бұрын
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".
@unknownprofile89094 жыл бұрын
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?
@zalzalahbuttsaab4 жыл бұрын
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?
@toddbroome68324 жыл бұрын
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
@heimskurhungog33464 жыл бұрын
where is the best place to buy gold or silver with the least premium for one ounce?
@adrianlopez92934 жыл бұрын
Just shop around they all got deals from time to time.
@ambermichealshotkinkyjo152 жыл бұрын
So rounds are bad ?
@troyshore33577 ай бұрын
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 ?
@jamesmagalhaes63773 жыл бұрын
Sou colecionado dessas coisas e isso é um ótimo negócio excelente vídeo👏👏👏👏👏👍😉
@Reignunlimited3 жыл бұрын
Possession is 9/10 of the law.
@JorneDeSmedt Жыл бұрын
Do you have to find and hire the third party auditor yourself? Or is that something you trust the company to provide?
@Mocha69A2 жыл бұрын
Next question an I trust You with my gold . To get it when I want it. Now or during economic hard times.
@townsin114 жыл бұрын
I bought physical Gold from Gold Bullion. Is that reputable?
@marvinjames24334 жыл бұрын
Hey Mark, do u sell precious metals?
@jerrycooper14284 жыл бұрын
Yes they do! I have bought and store with them. They are an excellent company.
@daricklilleygirl4 жыл бұрын
Is it worth it to buy gram gold bars if you can’t afford an ounce right out?
@frankbeans2894 жыл бұрын
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.
@benjaminlehman32214 жыл бұрын
Would you consider a company rating? Like SDBullion.com I enjoy them and want to know your opinion on them.
@brailwolf3 жыл бұрын
I have 7 bags of junk coins 90 percent silver. is it legally possible to have them refined and shipped back to me ?
@keepingitsimple884 жыл бұрын
Ballin channel
@keepingitsimple884 жыл бұрын
Kitco Vault Chain would be allocated co-mingled ?
@xxterribleone1899xx4 жыл бұрын
Good question
@ktember65264 жыл бұрын
Is Perth Mint reputable?
@emilielippmann77564 жыл бұрын
Yes very
@grissom33102 жыл бұрын
I see absolutely NO UPSIDE to holding metals in a vault unless you picking up 30lbs. bars. Even 7lbs. is doable in the home.
@charon73474 жыл бұрын
If I dont get back the EXACT items that I locked up, I'm tearing the place down lol
@charliehinde17014 жыл бұрын
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
@MarksElectricLife4 жыл бұрын
There is no storage charge for un-allocated. That in itself should make you suspicious !
@robertoh.204 жыл бұрын
not just cheaper storage (probably) but for sure , cheaper "metal" price.
@RockyMountainTrails4 жыл бұрын
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
@max51833 жыл бұрын
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.
@afonsomarques1043 жыл бұрын
And keeping the metals in home? Is it a good option?
@TryGold3 жыл бұрын
Diversify: some at home, some with third party, some (maybe - much caution needed) in a bank box.
@UnprofessionalProfessor3 жыл бұрын
2:49 Exactly why I buy physical products. Miss me with that Ponzi scheme.
@zenglider21454 жыл бұрын
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'?
@RegulusVi3 жыл бұрын
It's always better to keep your gold at home.
@richardsanchez91904 жыл бұрын
How is that legal that you pay for a brand and they give you something else that's how I don't get it
@TheAverlorn3 жыл бұрын
I guess it came down to the 'fine print' of a reputable 'swiss company'
@Mr-pn2eh2 жыл бұрын
Tip 5 (this is coming from a 23 year old man): if you can, always go for fully allocated and fully segregated storage.
@allenschmitz96444 жыл бұрын
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.
@CatsMeowPaw4 жыл бұрын
In the example of Kingold in Wuhan China, you could be left with gold plated copper bars. 83 tonnes of them.
@charliehinde17014 жыл бұрын
Unallocated: *exists Fully Segregated: I'm about to ruin this whole man's career
@ftrudeau4 жыл бұрын
Slow down on the cam to cam switching, it's too much!