Wholesale storage rates and insurance
Insurance and storage is 0.12% per annum for silver. This is less than a third of the normal 0.4% charged as an annual management fee by most ETFs.
Benefits of Secure Storage in Asia
Below are many benefits to using Hong Kong as a site for Secure Storage :
Hong Kong is and has been a Precious Metals (PM) Center for hundreds if not thousands of years meaning that resell in this market is even easier for you and not just for FIAT currency being in HK you can sell for a number of currencies and trade for other goods and services.
For US Tax payers at this time storing PM overseas in your own vault is not a reportable asset so its an entirely legal way of keeping your wealth private.
When the collapse of the US Petro Dollar happens you want to know your PM are in a country with strong links to the new monetary system – Gold Backed RMB.
Vaulting Services in the heart of Asia- VIA MAT Vaulting System
The transference of wealth, skills and people from West to East is currently taking place. Turning Assets into Precious Metals (PM) is step one, then thought has to be put into where to keep it. A secure Vault in the heart of the the USA does not in our opinion fit the definition of a Secure Vault – Please refer back to the MF Global Story. We do not think at this point there are any lines the US Government will not cross and if your Secure Vault is based in the USA then despite their intentions they will be under all the same draconian Laws that you are should the Government start to look at confiscation. Better to have the Secure Vault in an area known for its Banking Independence and Tax Laws to encourage Entrepreneurial spirit.
BOOKCOINS uses VIA MAT Vaulting System at their HK site with locations worldwide, as a BOOKCOINS customer you have the option of storing your PM with BOOKCOINS in our VIA MAT vault giving you the highest level of security for your PM Free of Charge.
About VIA MAT (From VIA MAT):
For over 60 years the VIA MAT Group guarantees their customers safe and dependable first-class transport and logistics solutions. We are large enough to fulfil complex global logistic requirements and still flexible enough to offer individual small-scale solutions. Therefore, we have become major service providers in many niche and global markets. In some sectors we are even the market leader, making us proud to be in business. Refer VIAMAT official site.