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Secure Storage

CelticGold offers individual storage of precious metals with Prosegur in Frankfurt.

Key advantages at a glance:

- Individual storage, protected against insolvency

- Fully insured

- No minimum storage period

- No cancellation notice period – can be terminated daily

- Large and institutional clients pay storage fees starting from 0.3% per year plus VAT

- Storage fees calculated on a daily basis

- No minimum annual storage fee

- Daily audits

- Quarterly external audits

- Billing at the end of each quarter

- Mein Tresor provides online access and viewing of all stored seal bags

- Higher buyback prices

- Same-day payment for sales

Specialized security companies such as Prosegur operate high-security vault facilities for the storage of gold and silver. CelticGold offers individually segregated precious metal storage at Prosegur’s vault facility in Frankfurt.

Customers who sell metals stored in the vault back to CelticGold often benefit from better buyback prices and faster payouts.

Link:  Sell to CelticGold


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Anyone who invests their wealth in precious metals such as gold and silver wants to ensure that their assets are stored securely after purchase. Keeping them in a home safe is often not sufficiently secure. Bank safe-deposit boxes also offer only limited protection, as the bank ultimately retains control over access. In certain situations, this may mean that access to the safe-deposit box could be restricted.

1) Individual Storage

CelticGold offers individual storage of purchased products in your own name, fully segregated from any other inventory. This means that your precious metals are stored separately in the vault.

A secure and modern solution for storing precious metals is custody in the high-security vaults of our professional storage partners. There, your holdings are safeguarded under your name and kept separate from all other inventories. Through your “Mein Tresor” customer account, you can access and view your stored precious metals at any time.

2) The CelticGold Precious Metals Account

For investors who wish to buy and hold physical gold but prefer to be part of an insolvency-protected pooled storage, the Precious Metals Account provides the ideal solution.

As with individual storage, there are no minimum holding periods or minimum fees, and storage fees are completely eliminated.

You can purchase physical gold directly at the exchange-traded gold price — without any premium.

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Individual storage means that your precious metals are stored in your name.

Segregated storage means that your precious metals are kept completely separate from any other inventory. The gold and silver products held in storage are not recorded as part of the business inventory or balance sheets, neither of CelticGold nor of our vaulting partners.

Your precious metals are stored in sealed containers, known as Seal Bags.

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The seal bag is a high durable plastic bag with a unique number. My Vault tracks the inventory of your sealbags. 

In My Vault you will also see a photo of for each of your stored seal bags.

Seal Bag (Example)

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CelticGold has no legal rights to access the stored products. Our terms and conditions state that CelticGold acts as a bailee for the customer. The definition of a bailment is when a person gives a personal property into the possession (not ownership) of another person into custody.

The legal title to the property remains with the person (bailor) and the person who holds the property is the bailee. The held property of the bailor(you) will be returned from the bailee (CelticGold) according to your instructions.

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There are other ways of owning and storing precious metals such as safety deposit boxes, ETF‘s, Certificates, Pools, etc. CelticGold specializes in the trading of only the highest quality investment gold and silver products in physical form. Which means the product you buy and store does not carry any counterparty risk from a third party.

Certificates, Pools and ETF‘s are all IOU‘s. You own a share and that share is a claim cheque on the inventory of this particular product you have chosen.

A safety deposit box is preferred compared to home storage. But only the segregated and allocated storage is fully serviced and most convenient for the storage of physical gold and silver products

Only the direct physical ownership of coins and bars offers protection against stately capital controls and systemic instability. Allocated and segregated storage offers maximum protection from the counterparty risk from a third party.

It‘s vital to understand these little differences when engaging into physical gold and silver storage.

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Location: Prosegur, Frankfurt, Germany: 0.84% per year including 19% VAT.
High net worth individuals and institutional investors fees start from 0.3% per annum plus VAT.

Location: Tallinn, Estonia: CelticGold does not offer permanent storage in Estonia. All orders qualify for 3 Months free storage and will be charged an annual fee of 2% including 20% VAT. We highly recommend to empty stored products every three months or move them continously to Prosegur for long-term storage. 

With small storage accounts, please transfer 60 Euros with your first storage invoice, we will deduct all future storage invoice from the credit. Should you sell or pick up all stored sealbags we will refund the remaining credit. 

The goods in storage are invoiced after the free period, starting at the end of the following quarter. Should you pick up or instruct shipment of all goods held in storage then a storage invoice will be raised at the time you clear your inventory.

The storage fee will be calculated on the current replacement value, not the metal value. The replacement values get updated every year according to the average premium for gold and silver. You can see both values in each seal bag in my Vault. 

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The storage fees include the storage facility, insurance, daily and quarterly audits and monitoring function in My Vault. 

Additional fees are:

  • The minimum storage fee of 60 Euro per year and storage location, including VAT
  • Pick Up fee of 10 Euros per Pick up.
  • Inspection and re-seal fee of 20 Euros per inspection.

 

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“My Vault” displays all Seal Bags stored in the vault, including the current value of each Seal Bag, and allows you to request shipments from your vault storage 24 hours a day, 7 days a week.

In addition, all activities related to each Seal Bag and its contents are recorded in the activity log (chronicle). Vault shipments and vault storage invoices are available in separate menu sections and listed chronologically.

The Precious Metals Account is also integrated into “Mein Tresor”. In the dashboard, all holdings are aggregated and displayed as a combined total value.

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The value of all stored sealbags in My Vault are updated every day at 12.00PM.

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My Vault updates the value once per day according the gold and silver spot price. The price difference is explained in price fluctuations (you bought your bullion at a higher or lower price) and also the premium.

The premium is the difference between spot price and the buying price. The premium includes production, shipping, insurance and the bullion companies margin.

When tracking the current value in My Vault the gold and silver spot price is recorded once per day without any premiums.

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Yes, you can. Please arrange the pick up b

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Yes, each pick up will be charged with 10 Euros.

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There are three different aspects of security we would like to explain:

1) Digital Security & Encryption

    CelticGold operates the website on military encryption standard and the webservers undergo a daily external security scan by McAfee to make sure there is no malicious or phishing software on our servers. You will see this McAfee trust logo in the top middle of every page.

    2) Multi-Level Authentication

    Attached to each storage order we will send you a document with additional needed data that we ask you to return to us via regular mail when you store for the first time. This additional multi-level authentication will be checked before any storage shipment and/or payment from a sale back to us will be executed.

    This additional data will not be shared with anyone outside of CelticGold and held in security. 

    3) Insured Secure Vaults

      The vaults are secured by leading global secure partners: G4S and Prosegur. Only ultra-high security vault locations were chosen within the EU as we believe it may become very vital to be able to travel there within a short period of time.

      Each vault is located no longer than 20 minutes from an international Airport where it is easy to fly in and out from.

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      We will send you a storage period invoice at the end of each quarter. All sealbags that have passed the free storage period will be invoiced for storage according to the fees we have stated above.

      We will only invoice the actual value of each product over the quarter. 

      Example:

      You store from 1st January to 30th June two orders each containing 10 gold coins with an exemplary value of 1,000 Euro for each coin. So you have a total of 20 coins with a value of 20,000 Euros stored in your vault.

      You will not receive a storage invoice for the first quarter from 1st of January to 31st of March as this is the free storage period CelticGold offers to all customers.

      In the second quarter from April 1st to 30th June you decide on May1st to instruct delivery of the second order containing 10 coins with a value of 10,000 Euros.

      The next invoice dated 30th June will reflect the first order stored from April 1st to 30th June with a value of 10,000 Euros. The second order that contained 10 coins with a value of 10,000 Euros will be invoiced for storage from 1st April to May 1st.

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      Should you clear your entire inventory within a quarter then we will send you a storage invoice dated with the day you instructed the shipment or collected.

      It is important to pay the shipping/pick up costs and the storage invoice immediately so the goods can be released. As always we accept PayPal and Bank Transfer for all payments.

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      Sometimes things go wrong and you won‘t be able to pay for goods in storage. This is not a problem. We will send you a payment reminder and your account balance via email and you then have 30 days to pay the invoice. Should you be 30 days past due with the payment then according to our Terms & Conditions we will sell the fraction of products needed to cover the storage invoice and send you the remaining balance to your bank account.

      We will then re-seal the goods and log this activity in your sealbag history.

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      The sealbag history is a log of all activities regarding the content of the sealbag. You find the history from each sealbag in the My Vault seal bag view.

      In addition we will also send you the history after each quarter with the storage invoice.

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      Yes, you can. The Prosegur storage fee applies. Please note CelticGold offers silver coins at Europe‘s guaranteed lowest price for you to buy in Estonia. You may ship your silver to Prosegur in Frankfurt.

      In this case we suggest you use the 3 months free storage period with G4S in Estonia and then combine several orders together and ship them to Frankfurt. This way you will ship more kilos which cost less than to ship each order separate.

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      Yes, you can. Please keep in mind that you need to pay the shipping from Estonia to Prosegur in Germany. If you wish to move your goods from Estonia to Germany then simply click „Storage move to Prosegur“ in the Storage Shipment Checkout.

      All else will be taken care of and your seal bag number and history will display updated when the move is completed. (Allow 5 working days for the insured UPS shipment.)

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      You pay the costs for handling, packing, shipping and insurance. CelticGold does not make an extra or hidden profit. The shipping prices for gold orders are lower as insurance is part of the product margin.

      If someone decides to ship later we charge the full costs that need to be paid but in return offer 3 months free storage. So we cross finance the free storage (because we pay it to the vault operator) with our product margin instead of insurance.

      CelticGold does not an extra or hidden profit on shipping. Our model and process is designed to offer customers the highest level of service and convenience at the lowest cost.

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      Yes. Metals stored in secure vault storage can be delivered to your address upon request. Shipping and insurance costs may apply depending on the destination.

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