exactly! if you can't hide something that's very small (even a KG of gold is small) in a land that's very big you must have the imagination of a 1 year old.
Nothing against Guardian Vaults, but I still cannot see how they are any more secure than a Big 4 SCV. Neither has any right or title to the contents of the boxes, and both are subject to the law of the land. In a Bank crash the company, (the Bank or GV), has NIL claim to the contents. JMO OC
How to sell your stack and get it to the vault are also considerations. For example you can buy PMs from Ainslie, they'll deliver to the Reserve Vault in Bris for you, you put in your box. When it is time to sell to Ainslie, go to the RV, take it out of your box and leave it at the Reserve Vault and Ainslie will pick it up. There is never a need to walk down the street with it whether you are buying or selling.
another thing to consider is storage cost, bank deposit boxes are far cheaper than those private storage companies. And what if the operator of the prive vault goes bankrupt? the big banks will have far higher chance of being bailed out
In both cases of either a bank failing or a private vault going bankrupt, you keep the contents of your box, you own the contents, not the bank or the private company. If they take the contents then they have committed a crime, but of course you'd have to prove that. In neither case will any lost/stolen contents get "bailed out" unless you have your own insurance on the contents.
Plus there need to be vacant boxes for you to be able to lease. Sydney CBD for bank owned storage space is a big issue. And check the insurance, insurance.
So I guess this type of gold investment https://www.abcbullion.com.au/store/gold/gmagoldbars1oz-abc-bullion-pool-allocated is not the safest way on investing in PMs :| It sounds good and easier for us beginner to buy it without having to worry about storing it.
Correct. Read the links above re allocated vs pooled vs unallocated. Also, ABC bullion are a private company, you are relying on their word (and/or their auditors) that they are doing everything above board. https://www.abcbullion.com.au/storage-&-delivery/independent-audit https://www.abcbullion.com.au/storage-&-delivery/insurance Technically, if the company went insolvent, it could take some time to get your metal or money back. Allocated and pooled are great way to hold metal with as little risk as possible, and trivially easy to resell if you need the cash. Storing physical metal yourself might make you feel better, but would be a PITA if you have to resell in a hurry.
