
Kristos Trading is pleased to offer what we believe is the premium level of security in precious metals storage. We have arranged for our clients who purchase precious
metals from us to have their metals stored in "segregated vault storage" at the Brink's depository in Salt Lake City, Utah. As you are probably aware, Brink's has an
international reputation par excellence in the security industry. Brink's protects the transfer, on a daily basis, of hundreds of millions of dollars in various world currencies.
There are several very important advantages to having your precious metals stored at Brink's as opposed to your local bank safety deposit box or a non-segregated storage
facility.
- No bank will ever inventory what you place in your safety deposit box whereas Brink's counts your metals not once, but twice, under the watchful eye of video surveillance, upon their
initial intake of your metals. After your metals are counted, they are tagged with your name, account number, a content delineation, and placed into a sealed container prior to storage
in the vault. After this process is completed, a certificate of storage is mailed to the owner itemizing the metals by type and quantity.
- No bank in the United States will offer any insurance on the contents of your safety deposit box. In the case of theft or bank embezzlement, the depositor has little or no recourse.
Brink's, on the other hand, insures one hundred percent of the current value of all vault deposits.
- Banks offer limited access to your safety deposit box, being closed on weekends and all holidays. However, Brink's Vault Storage is open 364 days a year; it is only closed on
Christmas Day. You, as the client, have the right, if you choose, to personally come to the vault to inspect and/or withdraw any portion of your deposit any day but Christmas. You also
may request to have your metals shipped to you at any time by making a direct request to Brink's.
- There are various precious metals dealer who offer "storage" for the purchases of their clients. Nevertheless, in most cases, your purchase is not truly
"segregated"; rather, it is mixed in with a large pool of bars or coins, a percentage of which belongs to you. These storage arrangements are not really segregated but are
fungible (mixed). By contrast, in a Kristos Trading - Brink's Client Account, the exact metals that you purchase and deposit are yours alone and can be claimed at any time, even decades
later.
- Because of a litany of legislation involving Homeland Security, FEMA, the Patriot Act, and a host of Presidential Directives going back to the 1970s, all bank safety deposit boxes
fall under the auspices of US banking system regulations. Included in these regulations is the authority of the federal government, under numerous categories of declared emergencies,
to shut down the banking system and prohibit all withdrawals of bank funds as well as seize the contents of all safety deposit boxes in all banks in the United States. By comparison,
Brink's is not a part of the US banking system and does not fall under the same jurisdiction and laws that pertain to US banks. During the week of 9/11, some personal checking accounts
were frozen or had withdrawals limited. In addition, all stock trading accounts were in limbo, as ll equities trading were temporarily suspended. Nevertheless, Brink's storage was not
affected and their clients had direct access to their deposits.
We at Kristos Trading feel very privileged to share a contractual relationship with Brink's Vaulted Storage. We believe it to be one of the safest and most secure ways
to store your valued precious metals purchases.
Please feel free to call us with any questions regarding secured storage.
CURRENT SEGREGATED STORAGE FEES AND WITHDRAWAL CHARGES
SILVER PRODUCTS
100 Oz Silver Bar
10 Oz Silver Bar
1 Oz Silver Round
US Silver Eagle
Canadian Maple Leaf |
STORAGE FEES
$0.357 per bar per day
$0.001782 per bar per day
$0.24 per 500 oz box per day
$0.24 per 500 oz box per day
$0.24 per 500 oz box per day |
WITHDRAWAL CHARGES
$1.50 per bar
$1.50 per bar
$15.00 per 500 oz box
$15.00 per container
$15.00 per container |
GOLD PRODUCTS
1 Kilo Johnson Matthey
Gold Bar (32.15 oz)
10 Oz Gold Bar
US Gold Eagle
Canadian Maple Leaf
South African Krugerrand
Austrian Philharmonic |
STORAGE FEES
$0.0713 per bar per day
$0.0416 per bar per day
$0.5345 per 500 oz per day
$0.5345 per 500 oz per day
$0.5345 per 500 oz per day
$0.5345 per 500 oz per day |
WITHDRAWAL CHARGES
$3.00 per bar
$3.00 per bar
$15.00 per 500 oz box
$15.00 per 500 oz box
$15.00 per 500 oz box
$15.00 per 500 oz box |
| SILVER MINIMUM MONTHLY STORAGE FEES |
0 to 10,000 ounces
10,001 to 20,000 ounces
20,001 to 40,000 ounces
40,001 to 50,000 ounces |
$25.00/month
$50.00/month
$75.00/month
$100.00/month |
GOLD MINIMUM MONTHLY STORAGE FEE
$15.00 per month minimum per category until quantity exceeds $15.00 per month based on storage rates.