For investors who have wisely diversified into physical precious metals, choosing segregated gold storage or other storage arrangements is a crucial decision. Continue reading…
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Allocated Storage and Segregated Storage
ALLOCATED STORAGE AND SEGREGATED STORAGE
There are two different types of accounts: allocated storage and segregated storage. Investors owning gold and silver bars or coins will want to have their metals stored at International Depository Services Group in a segregated account. This is best suited for the investors who want to store their investments and take delivery of the exact items that they originally delivered to the depository. A segregated account provides enhanced comfort and security to the depositor.
SEGREGATED STORAGE
In a fully segregated account, the investor’s gold, silver, or platinum is isolated from other metals in the facility, and it’s kept separate from other clients’ and dealers’ positions. Legal title is not transferred, and the vault cannot change or use the items that the investor stored. Segregated storage metals are stored separately and apart from those of the depository’s Personal Custody clients.
ALLOCATED STORAGE
In a different “allocated” type of account, a dealer assigns specific quantities of metals to individual client accounts. Metal held as allocated is owned by an investor and is stored under a safekeeping or custody arrangement in a professional vault. Allocated storage works for investors who are simply looking for representation in metal and don’t expect to take delivery.
Another accounting method is called “unallocated,” by which a client’s metal is the property of a bank. Unallocated gold may not be safe if the bank becomes insolvent. A danger in letting big banks or other financial institutions store investors’ gold is that it could be seized to pay for the investor’s debts. International Depository Services Group does not offer unallocated storage options.
As a full-service precious metals depository group, International Depository Services Group facilities receive, inspect, store, transfer and ship gold, silver, platinum and palladium bullion products and certified coins for clients as instructed.
The IDS Group facilities are state-of-the-art and equipped with multi-layered security systems monitored 24/7/365 and operated with a Class III vault, the highest-rated gold vault commercially available.
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Self-Directed IRA Eligible Precious Metals Requirements
IRA eligible precious metals include specific types of gold, silver, platinum and palladium that meet the Internal Revenue Service (IRS) requirements for inclusion in a retirement account. According to IRC Section 408(m)(3), only metals that meet a minimum fineness standard are allowed: gold must be at least 99.5% pure, silver 99.9% and platinum and palladium 99.95%. Continue reading…
Texas Property Tax Exemptions When Storing Precious Metals
With economic uncertainty plaguing markets, more investors are turning to physical precious metals as a hedge. But few realize storing precious metals in Texas depositories can exempt certain metals from burdensome property taxes. Continue reading…
How Safe Is Your Silver?
The Answer Might Surprise You.
With the financial world buzzing more than ever, have you noticed the popularity of investing in physical silver? It’s become a modern-day gold rush and for a good reason. But, as you cradle that shining coin or bar, you might wonder where to keep it. Continue reading…
Moving Your Precious Metals Assets to a New Depository
Self-directed individual retirement accounts that include physical precious metals offer an easy way to diversify your portfolio with a “safe haven” asset. If you already have a precious metals IRA, you know how important it is to choose the right precious metals depository to store your assets. Continue reading…
Gold Storage: How Much Does It Cost To Store Gold
The popularity of precious metals continues to rise as inflation persists, interest rates climb, and political upheaval reverberates worldwide. As a result, many people who purchase gold bars and gold coins for the first time, or add them to their existing holdings, are faced with an important question: What is the best possible storage option for safeguarding my physical gold? Continue reading…
Using A Precious Metals Depository – An Investor’s Guide
There are many storage options available to precious metals investors. Continue reading…
How To Select A Precious Metals Depository
You’ve decided to invest in precious metals. Continue reading…
Security Systems
SECURITY
The International Depository Services Group has uncompromising security under constant surveillance with its multi-redundant security systems. The three secure depositories are state-of-the-art and are monitored in real-time, 24/7 by off-site security specialists. Additionally, the IDS Group does not utilize contract workers or temporary staffing as a secure precious metals depository. Instead, IDS of Delaware, IDS of Texas and IDS of Canada’s full-time precious metals storage professionals possess extensive precious metals and financial services experience. The IDS Group’s team’s depth of knowledge and breadth has helped establish the International Depository Services Group as an industry leader.
Internally, strictly-enforced operating protocols are designed to ensure the safety of clients’ assets. The International Depository Services Group follows the best practices, requiring strict adherence to all inventory control measures, including stringent “dual control” and “separation of duties” methodologies, when processing depository transactions. For example, the depository only allows vault teams consisting of two members to handle precious metal assets. Also, staff duties are segregated so that employees who enter account data are separate from those who handle assets. The IDS Group’s depositories also conduct perpetual audits (internal and external) on inventory.
All client assets are held in “custody.” They are stored in client-specific accounts off the IDS Group’s balance sheet. In other words, they are held as bailment and not as a deposit or consignment. Moreover, these assets are 100% insured through an all-risk policy underwritten by Lloyd’s of London, the world’s leading provider of specialized asset insurance.
The IDS Group has proprietary processes and procedures to make all three precious metals depository locations safe and transparent operations, and they conduct regular risk assessments. In the event of a disaster, all International Depository Services Group locations have business disruption and continuity plans to continue business operations to the extent this is possible. In addition, the IDS Group features proprietary inventory control and account notification systems that electronically transmit detailed transaction notifications and periodic account holding statements to clients. International Depository Services Group also provides clients with secure online account access through its precious metals depository online portal.
IDS of Delaware, IDS of Texas and IDS of Canada locations are strategically sited near major financial centers, international airports and, importantly, in geopolitically secure regions. This geodiversity is a critical component of the IDS Group’s storage security.
CLASS III GOLD VAULTS
International Depository Services Group’s gold vaults are all rated Class III. What does that mean to IDS Group’s clients? Let’s look at the specifics of each rating.
Underwriters Laboratories (UL) created a burglary-resistant rating of vault doors and modular panels to rank a vault’s security. The ratings are based on how long it would take a criminal to break into a gold vault:
• Class M – 1/4 hour
• Class 1 – 1/2 hour
• Class 2 – 1 hour
• Class 3 – 2 hours
While the highest rating of 2 hours intrusion time may not seem very long, it’s important to remember that the physical security of the vaults is only one of the multiply layers of physical and electronic security in place.
CONFIDENTIALITY & DATA SECURITY
Protecting clients’ business (and personal) information is just as important as protecting their physical assets. Accordingly, the International Depository Services Group is committed to protecting investors’ assets and information, ensuring that each client’s information is confidential and assets remain secure at all times in a safe, insured storage facility.
The International Depository Services Group’s mission is to assist commercial and individual clients operating in the physical precious metals and tangible asset marketplace achieve their operational objectives with exceptional storage, logistics and fulfillment services. We understand that protecting IDS client’s business information is just as important as protecting their physical precious metals.
The IDS Group does not have a trading operation and maintains a complete system separation with its corporate parent company, Dillon Gage, Inc. of Dallas.
Call now to find out how International Depository Service Group’s services can help you streamline your business and investment strategies. Client service associates are available at 888-322-6150 from 8:30 am – 5 pm Eastern, Monday through Friday.
