ADDED September 5 2012:
Gold Bullion International, whose services I originally reviewed back in September of 2011 (scroll down to see original comments), is providing much of the back end to Hard Assets Alliance
(affiliate link). They have much of the same deal that Gold Bullion International does, with the exception that they charge a minimum of $5,000 for delivery and $10,000 for storage. There is a 0.7% annual fee for gold storage and 0.8% fee for silver storage. You can request delivery at any time, and you can purchase 1/10th ounce coins of gold or 1 oz silver bars (platinum and palladium are also available in 1 ounce increments). Shipping costs can vary based on delivery size and location. They do offer delivery via armored truck for very large orders.
Prices are derived in real-time by sourcing by querying a network of precious metals dealers and delivering customers the best price they can. I haven't tried it myself so I don't know for sure, although I would expect prices to be reasonable and in line with the broader market.
Vaults are insured as well.
This is a service I really like, and with the price point that is lower than Gold Bullion International, I like it even more. Casey Research
, an organization I admire greatly, is also involved in running and promoting Hard Assets Alliance
, which gives them greater credence, in my opinion.
Click here to go to Hard Assets Alliance.
ADDED: September 16, 2013
I interviewed Ed D'Agostino, a general manager of Hard Assets Alliance
, to learn more about how Hard Assets Alliance works and the gold storage business in particular. Unfortunately the video loses audio/video synchronization, but the audio content should allow for a worthwhile learning experience.
Coincidentally, Casey Research conducted an interview with D'Agostino of Hard Assets Alliance
at the same time. See the video below.
ADDED: October 27, 2013
I opened an account with Hard Assets Alliance. Below is a review of the platform and the various features it offers. The $5,000 account minimum for storage has been waived; individuals can now store ounce of silver or 1/10th an ounce of gold (delivery still requires $10,000 worth of purchases).
Original Review of Gold Bullion International, Posted August 30, 2011
Gold Bullion International
I am planning on opening an account with this firm, and moving some of my gold and silver there. It is another metals storage facility, similar to Bullion Vault
and Gold Money with much of the same sales pitch (allocated, insured, assayed gold), although it is easier to get delivery from gold bullion international than from many others. the downside is that it costs noticeably more all around, and is less suitable for trading gold/silver ratio (which i like to do
). the smallest increment available is 1 ounce; there are no purchases of grams.
i do like this added element of safety, and i am inclined to find the firm somewhat credible due largely to some of the members of its team, namely fund manager john hathaway. i also want to diversify a bit more.
if anyone here has used this company before and has any feedback (positive, negative, or neutral) i would love to hear their take.