Custodial Bullion Storage Vault
Whilst The Melbourne Vault offers a full array of private storage options for our many bullion investor clients we also cater for higher frequency trading or remotely located clients who wish to take advantage of The Melbourne Vault’s Custodial Bullion Storage services.
Custodial Bullion Storage is a service whereby a client’s bullion, be it gold, silver, or platinum is securely stored with the convenience of having The Melbourne Vault able to access your holdings to pass on or add to the holdings to or from a third party under your direct and verified instruction. For example a client might buy an additional 50kg of silver from XYZ Bullion Company, have it shipped to The Melbourne Vault, The Melbourne Vault will check and receipt the goods and place into the client’s allocated storage unit. That same client might then sell 5kg of their gold to 123 Bullion Company and The Melbourne Vault will remove the items and make available for secure pick up by 123 Bullion Company.
The Melbourne Vault understands the responsibility that comes with this service and has very strict and multi levelled checks in place to ensure all goods are accurately received or shipped. We hold a complete inventory available to each client at any time, a service in itself many clients find convenient for Self Managed Super Fund auditing reasons as well.
The Melbourne Vault’s insurance is underwritten by world leading insurers and has complete and comprehensive video and audio monitoring providing Custodial Clients with the added peace of mind that their bullion is protected and tracked at every movement in this process.
All bullion held in our custodial service is fully insured with that cost included in the charge. This provides another cost saving to the user as they benefit from our group insurance cover.
Pricing, as set out in the table below, is determined as a percentage of the value of goods stored. We also offer attractive discounted rates when your holdings increase in size. Whilst the percentages apply to an annual charge, the charge is applied on a quarterly basis with the value adjusted on a pro rata basis at each quarterly review.
The service includes an email copy of the inventory available at any time, full All Risks insurance, 1 attendance to your holdings per quarter (a surcharge of $50/attendance is applied in excess of this), and a certified copy of your inventory each year.
|Type||Fees - annualised fee paid quarterly||Minimum Fee|
|Gold||0.95% of AUD Spot price up to 2kg, 0.5% thereafter||$980|
|Silver||1.7% of AUD Spot price up to 100kg, 1.0% thereafter||$980|
|Platinum||0.95% of AUD Spot price up to 2kg, 0.5% thereafter||$980|
|Diamonds & Gems||0.85% of (<2yr old) written valuation||$750|
|Crypto Wallet/Seed||Flat rate - We must not be able to access any private key.||$400|
* $50 surcharge per attendance when more than 1 attendance to holdings per quarter
Please Note: Late payment fee of 2% / month