Money Metals has hired 23 people in its fulfillment department to help clear the packing and shipping backog.

Like most big decisions, there are advantages and disadvantages to consider. The list below will help you think through which factors are most important to you.

Depository storage may be the right choice if:

• Providing adequate physical security will be a problem for you. Some clients are at higher risk of burglary or home invasion.
• The value of the metal being stored at home rises to a financially significant level. Many investors will want professionals to handle secure storage of their holding when values reach into six figures or even millions of dollars.
• Insuring the metal against theft and loss is a primary concern. It is generally not possible to insure precious metal at home above certain thresholds. The cost of insurance coverage against loss and theft is one of the best reasons to store your metal in a depository.

• You want to be able to sell hassle-free when the time comes and not be responsible for packaging and shipment. Money Metals clients can buy, sell, AND store in one place. The metal never leaves our secure building, so these issues disappear.
• You want to set up a line of credit against your own gold and silver. Money Metals can lend up to 75% of the value of the gold and silver clients store in our vaults.

Choose personal possession if:

• You want to eliminate 100% of all counterparty risk and assume full and immediate control of your metals. Investors who take possession of their bullion can avoid reliance upon any third party.
• You want immediate access to your bullion in case of a sudden personal emergency or meltdown in the financial system.
• You want to avoid storage fees. Secure storage (including insurance coverage) is not free. Money Metals Depository has the lowest fees in the industry, and they start at $96 per year (find the complete fee schedule here).

The majority of Money Metals clients choose personal possession. We suspect many others take the middle road – opting to keep a core holding of precious metals at home and then storing the rest in our depository.

If secure storage is not for you, we absolutely understand. In fact, we urge clients to take delivery of at least some of the metal they own.

If, however, storage sounds like a good fit, you can find more information online or by giving Money Metals a call at 1-800-800-1865.

• Monday, April 17th – Empire State Manufacturing. Manufacturing activity was down sharply in the March report (-24.6). Economists are predicting more weakness in that sector in today’s report.
• Thursday, April 20th – Existing Home Sales. Home sales are expected to decline again in this week’s report for March. Falling affordability, driven largely by higher mortgage rates, is taking a toll.
• Thursday, April 20th – Leading Economic Indicators. LEIs have been signaling a recession and most expect those signals to get louder in the March report. The consensus is for a drop from -0.3% in February to -0.7%.

This week’s Market Update was authored by Money Metals Director Clint Siegner.

Call Money Metals for Precious Metals Coins,
Bars, and Rounds 1-800-800-1865
We Buy Back Too!