GoldCore Unallocated Silver
| Weight: | Spot Price: | Buy Price: |
|---|---|---|
| 1.00 oz | $ 27.58 | $ 28.41 |
What is GoldCore Unallocated Silver Bullion?
We want to make silver ownership as easy and as safe as possible. Our unallocated silver product allows you to own real physical silver as part of a pool of gold with other investors while all being held in government safe keeping. The silver is unallocated which means it is part of a general stock of physical silver and is not in one specific bar or coin. It is designed for low cost and ease of access to buy and sell.
Why launched GoldCore Unallocated Silver?
We believe the safest form of silver ownership is to own physically allocated coins and bars in a segregated non bank vault. Clients should own the asset outright without any encumbrance other than modest storage and insurance fees.
GoldCore Secure Storage, available for silver coins and silver bars, is the safest storage service in the world bar none. We offer clients segregation of assets as a default and have no obstacles to clients moving assets to another locations should they choose.
As great as our storage service is it's subject to the availability of stocks from the metal market producers such as refiners and mints. Because stocks can dry up (for eample due to Covid related disruptions) we have launched the GoldCore Unallocated silver and product. This service will allow you to buy real physical silver at the prevailing market price with low premiums and enjoy the market exposure of silver.
We appreciate that some investors do not hold much faith in governments and believe it would not be wise to store a "safe haven" asset in such away. In that case we suggest you look at buying physical bars and coins for storage at prevailing premiums.
If you are buying unallocated silver in order to eventually buy physical allocated silver then and you are not able to buy due to availability or because premiums are too high then this is a great option for you.
Once refineries start to produce stocks again at reasonable premiums you can sell your unallocated metal and buy an equivalent value of the stock you wish for secure storage or delivery.
In this way you will not have to wait for the stocks of metal products to start production in order to participate in the market price. Other clients may be happy to own gold and silver using this service
How to buy GoldCore Unallocated Silver
- Make sure you have opened your GoldCore account and documented yourself with us.
- Fund your account with whichever currency you are using.
- Call our office and discuss your strategy.
- Give GoldCore discretion to place your order at the next available opportunity. Please state a limit order which you do not wish to buy above. This Limit must be no less than 5% above the current spot price.
- Live trading will start soon and you may be abke to buy directly on our website at live prices.
Live Prices
| Order Value | Price | Premium |
|---|---|---|
| $ 1,000 - $ 99,549 | $ 28.41 | 3.00% |
| $ 99,550 - $ 199,549 | $ 28.27 | 2.50% |
| $ 199,550 - $ 299,549 | $ 28.13 | 2.00% |
| $ 299,550 - $ 399,549 | $ 27.99 | 1.50% |
| $ 399,550 - $ 499,549 | $ 27.86 | 1.00% |
| $ 499,550 + | $ 27.72 | 0.50% |
Special Features of GoldCore Unallocated Silver
- Every ounce you will own is backed by a real physical ounce of metal. No derivatives, contracts, leases, just pure metal
- Fully guaranteed by the Western Australian Government
- All assets administered in the GoldCore Client Assets Account. None of these assets appear on GoldCores balance sheet at all
- Storage charges on gold as low as 0.11% and Silver as low as 0.35%.
- Daily trading and soon to be offered as a real-time trading service online.
- Buy from as little as 0.45% over Perth Mint Spot and sell for 1.5% below. All trades are at the Perth Mint Spot Price which is Siver spot +/- $3.50 and Silver Spot +/- $0.15
- Gold storage from as low 0.11%, Silver Storage as low as 0.35%
How safe is GoldCore Unallocated Silver?
- All metal is held in a government owned mint, fully guaranteed
- Every ounce is backed by physical metal, no derivatives, leases or contracts, just pure metal
- Metal is not held on GoldCore's balance sheet
- All metal is fully insured and guaranteed by the government of Western Australia
GoldCore Unallocated Siver Premiums
When you buy you will pay the prevailing Spot Silver Ask price plus a premium per unit of silver bought.
10-100k - 3.00%
100-200k - 2.50%
200-300k - 2.00%
300-400k - 1.50%
400-750k - 1.00%
750 -1m - 0.50%
>1m - 0.45%
When you sell you will be charged 1.50% below spot. If you are switching to another product the cost will be 0.50%
GoldCore Unallocated Silver Storage / Management Fees (Min $8 per month)
10-100k - 0.85%
>100k - 0.35%