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Why Private Storage Is the Best Way to Store Precious Metals

Head shot photo of Larisa Sprott, President of Sprott Money

July 15, 2016

Until I started working in the precious metals industry, metals storage always conjured up images of an old man sleeping on his stacks of gold and silver hidden under his mattress or burying his assets in his backyard. I also thought that big secure vaults like we see in the movies were only for the uber-wealthy. However, as I have come to learn, everyday investors have much better ways to protect their assets – private storage, which is accessible to us all.

In the past, governments have been known to seize gold and silver bullion when the economy has taken a turn for the worse, like during the Great Depression when gold was seized from thousands of bank safety deposit boxes in the U.S. Our storage program allows you to protect your investment in safe and privately-owned storage facilities around the world. While you can choose to diversify your investments and store with banks, private storage gives you a safe, secure way to keep your wealth protected.

We carefully choose the countries we store in to ensure that they have sound economies and stable government policies. By doing our due diligence by visiting, negotiating with the facilities, and meeting with the storage teams, we are able to determine the best places to store in the world. We are always looking for other countries to help our clients diversify their investments.

Low-cost storage is the name of the game when it comes to precious metals and Sprott Money. Sprott Money has the most competitive storage pricing in the industry. We partner with Brinks, Strategic Wealth Protection, and International Deposit Services, just to name a few, in order to offer storage with respected and trusted companies for a low monthly cost.

I personally love our storage program because of the satisfaction and peace of mind it gives our clients. You can choose to audit your metals whenever you like and you will receive an annual audit certificate by Inspectorate (a world-renowned third party auditor). This ensures you know that your gold and silver are safe.

We’re seeing steady growth and hope to see even more over the coming year. Open a storage account with us, and you’ll get access to exclusive deals and promos.

Stay tuned for some exciting promotions with our favourite mints, and check out our precious metals international storage program here.

Product Upselling Spotlight

Don’t miss a golden opportunity.

Now that you’ve gained a deeper understanding about gold, it’s time to browse our selection of gold bars, coins, or exclusive Sprott Gold wafers.

About Sprott Money

Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.

Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.

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Headshot of Larisa Sprott

About the Author

Larisa Sprott, M.Sc, joined Sprott Money in December 2009 in the role of President. Larisa has over 20 years of experience in the financial industry having worked at Sprott Securities Inc. (now Cormark Securities), first in their Vancouver office as an office administrator, followed by roles in both research and corporate finance at their head office in Toronto. Larisa then worked at Sprott Asset Management for five years, in the capacity of client services, sales and marketing.

She has been an Investment Advisor working with high net worth client accounts, and currently serves on the board of the Sprott Foundation and Trigon Metals.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.