Euro Pacific Bank

Is the Precious Metals Storage Account right for me?

Who is this product designed for?

The Precious Metals Storage Account is designed for precious metals investors seeking three things:

  1. Price exposure – Simple exposure to the gold and silver spot prices. You own ounces of gold (XAU) and silver (XAG), trackable directly inside your eBanking.
  2. Security of physical bullion – Every ounce purchased is physically settled and stored at The Perth Mint, 1:1, outside of the banking system. This is relevant to clients who are worried about systemic financial risks, as The Perth Mint is not a financial institution.
  3. Convenience & access – View your portfolio value in real-time, buy and sell directly inside your eBanking, and easily wire the cash proceeds or load up your bank card. We’ve essentially connected physical precious metals storage to the banking system.

Who is this product NOT designed for?

Because the Precious Metals Storage Account is an institutional-level product, you will not be able to take delivery of or visit your precious metals holdings. You will be able to buy and sell to/from your bank account balance with us only.

Therefore, if your goal is to take delivery of physical bars or coins, or if you need a traditional “allocated” storage program, the Precious Metals Storage Account will not suitable for you.

Where are the precious metals stored?

offshore gold storage
The Perth Mint is Australia’s largest fully integrated precious metals enterprise, providing premium precious metals to clients around the world.

The Perth Mint has been in business for 100+ years, is second largest producer of gold in the world, and is located in a solvent jurisdiction.

All precious metals are explicitly guaranteed by the Australian government, the only metals storage program in the world with a government guarantee.

Comparison Chart

Use this comparison chart to help you decide whether the Precious Metals Storage Account or a traditional “allocated” storage program like the Perth Mint Certificate Program (PMCP) is right for you. There are other allocated storage products in the market, but we use the PMCP as an example.

Features Precious Metals Storage Account Perth Mint Certificate Program
Summary Our institutional physical gold and silver accounts at The Perth Mint created specifically for our clients, which provide an extra layer of security and the conveniences of an online, international bank. The Perth Mint Certificate Program (PMCP) is traditional, allocated storage program where a specific set of bars/coins are set aside under your name, with a serial number.
Minimum Order $100 $10,000
Cost to Buy 1-4% Spot + Fabrication Premium (on select products) + 0.25% Perth Trading Fee + 2% Dealer Processing Fee + $50 Certificate Fee and courier
Cost to Sell 0.50%-4% Spot + 0.25% Perth Trading Fee + 1% Dealer Processing Fee
Storage Fee Gold no storage fee; Silver 0.95% per annum Based on product
Liquidity Holdings tracked via your Euro Pacific eBanking; immediately buy and sell to/from your bank account with EPB Official Certificate issued to you by The Perth Mint, needs to be returned to The Perth Mint before liquidation
Online Access Yes No
Ownership You will effectively utilize Euro Pacific Bank’s institutional relationship with The Perth Mint, granted in part due our status as a fully licensed international banking institution. You will be a direct client of The Perth Mint, with a third party “Approved Dealer” assigned to you to process orders.
Government Guarantee Yes Yes
Physical Backing 1:1 1:1
In-person inspection or collection available No Yes
Physical delivery available No Yes

Does the Bank Card draw directly from my gold or silver holdings in my Precious Metals Account?

No. When you want to spend some of your gold or silver, you will need to sell a portion of your metals holdings. The proceeds will be deposited in to your Cash Account, where they can be loaded onto the Bank Card.

This process ensures that you are aware of the costs incurred during purchasing and selling physical metals, and more importantly that you are protected during a theft of your Bank Card, as card funding is restricted daily.

Are there any storage fees?

Gold – No storage fee, no annual or monthly minimums.

Silver – Yearly storage fee of 0.95% on current Silver holding. No annual or monthly minimums.