You are here

Too much gold around the house? Store it at Texas' new precious metals depository

Section: Daily Dispatches

By Jackie Wang and Brianna Stone
Dallas Morning News
Wednesday, June 6, 2018

AUSTIN, Texas -- Texans who have long stored gold and precious metals elsewhere can bring the bling back to their home state. The country's first state-administered precious metals depository, the Texas Bullion Depository, officially opened Wednesday in Austin.

Like other facilities that store precious metals, the Texas Bullion Depository insures them and has complex security measures to guard people's assets. Depositors can buy metals from a dealer and have them shipped directly to the depository, or send in what they already own.

... Dispatch continues below ...



ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com



People became more open to owning precious metals after the 2008 recession, depository executive director Matt Ferris said.

"When you look at our operating companies, the average person searching and hitting our websites makes over $100,000 a year and has an advanced degree," he said. "They're not just coming to our websites to look around -- they're inquiring on owning precious metals as part of their overall investment portfolio." ...

... For the remainder of the report:

https://www.dallasnews.com/business/business/2018/06/06/much-gold-around...

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16