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. 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. There are no minimum orders or account sizes. If you store your metals with them, a specific and distinct piece of metal is being stored in your name; it is not a share in a bar, but rather a wholly separate piece of metal. This provides some extra insurance for those concerned about how shared metal would be dealt with in the event of forced liquidation or delivery.
Prices are derived in real-time by sourcing by querying a network of precious metals dealers and delivering customers the best price they can. In my experience, their prices are about 2.4% above the reported spot price for a 1 oz gold coin. You can compare them against other gold dealers via our gold dealers matrix
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.
ADDED: May 13, 2014
Hard Assets Alliance
now offers two new types of accounts (for US citizens only): UTMA and IRA. IRAs, or Individual Retirement Accounts, are accounts for US citizens that provide them tax breaks for saving for retirement. Hard Assets Alliance works with The Entrust Group
to provide US citizens with self-directed IRAs. Metals purchased for IRA accounts can be stored in Switzerland or the USA.
UTMA, or Uniform Transfer to Minors Act, makes it possible for US citizens to setup trust accounts for minors. When the child reaches the age of 18 or 21 -- the age depends upon which state in the USA the child resides in -- the child can access the account and do with it as he/she pleases. UTMA accounts are designed for adults who wish to provide minors a means to accrue assets for adulthood.
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.