The Gold Bank Secure Depository (GBSD) is a simple solution for precious metals buyers seeking to securely store precious metal holdings at competitive rates. The GBSD protects precious metals assets through confidential, accessible, and risk-free storage.

How it works

You, the GBSD Client, purchase physical LBMA-approved gold or silver bullion from The Gold Bank.

The Gold Bank allocates specific, numbered bars to your account, owned outright by you. The Gold Bank is merely the custodian of your gold and silver, while you are the owner. The gold and silver bullion bars you purchase are ‘Good Delivery’ bars manufactured by LBMA approved refineries, bearing a unique serial number whose title is yours. Your allocated bars are held in The Gold Bank’s Secure Depository, segregated from other clients and available for audit or withdrawal at any time.


Your bars are sealed in The GBSD with The Gold Bank acting as custodian. Clients may buy, hold, sell or take physical possession of some or all bullion at any time.

Fees

Unlike other storage facilities, there are NO entry fees, NO exit fees, and NO account opening minimum. Clients pay the quoted precious metal value to purchase their bars, plus an additional 2% per annum of the purchase price for the depository storage service, including insurance.


Guaranteed buyback


The Gold Bank offers a guaranteed buyback of any bullion bought at 2% below the current London Spot price.

• What The Gold Bank offers you/Key Benefits?
• Security
• Privacy & Confidentiality
• Easy Accessibility
• Control & Flexibility
• Competitive Rates

Storage Details

Your gold and/or silver are stored by The Gold Bank in allocated accounts – the means that The Gold Bank acts as custodian and stores specific, uniquely numbered, physical bars belonging to you in the GBSD storage facilities. Clients pay the quoted precious metal value at the time of purchase and 2% storage.

Storage fees are charged every 6 months in advance, at 2% of your total gold purchase price.

When you buy gold and silver to be stored by The Gold Bank, storage will be calculated from the purchase date to the end of the current 6 month period.

Likewise, if you choose to sell gold or silver being stored by The Gold Bank, we refund the amount paid to the end of the current period. There is no minimum storage time required – you may withdraw your gold and silver at any time without penalty.

To buy gold and silver bullion, you can either:

1. Visit The Gold Bank in person to purchase your gold and silver products
2. Contact us by phone or email to purchase and arrange SecureShip delivery of your gold and silver