AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
February 2021
Categories |
Back to Blog
Storing physical silver outside of your own home at professional vaults is generally more costly than storing gold. In this article I will compare the costs of storing silver at the following compenies:
Not only I will include the annual cost of storage but also the average bid-ask spread at which you buy and sell the metal and other fees. The table will compare the costs assuming its held for 5 and 15 years with two scenarios:
As far as I know there is no such analysis anywhere on the Internet.
Notes:
1) 4960 USD = 0.67% management fee x Spot price value of 250 oz silver starting from 27 USD, growing at 25% per year over next 15 years 2) 3768 USD = 0.48% annual fee x Spot price value of 250 oz silver starting from 27 USD, growing at 25% per year over next 15 years 3) BullionVault 0.5% trade BUY fee x value of 250 oz at 27 USD + 0.5% SELL fee x value of 250 oz at 767 USD 4) OneGold quoted silver spread on 07 Feb 2021 x 250 oz 5) Kinesis 0.22% trade fee x value of 250 oz at 27 USD + 0.22% SELL fee x value of 250 oz at 767 USD 6) Value of bid-ask spread on Kinesis Exhange platform for KAG/USD with 250 OZ on 07 Feb 2021 7) GoldMoney 0.5% trade BUY fee x value of 250 oz at 27 USD + 0.5% SELL fee x value of 250 oz at 767 USD 8) GoldMoney quoted silver bid-ask spread on 06 Feb 2021 x 250 OZ 9) 4368 USD = 0.59% annual fee x Spot price value of 250 oz silver starting from 27 USD, growing at 25% per year over next 15 years 10) BullionStar buy-sell spread quoted on 06 Feb 2021 for eight (8) 1 kilo silver bars (a little more than 250 oz...) 11) BullionStar BSP Silver program storage fee 0.19% x Spot price value of 250 oz silver starting from 27 USD, growing at 25% per year over next 15 years, with 55 USD minimum fee per year 12) BullionStar BSP Silver program quoted spread on 06 Feb 2021 x 250 oz 13) GoldAvenue Premium and VAT on Eight, 1 kilo PAMP Silver Bars quoted on 06 Feb 2021 The total estimated, approx. costs of storing, buying and selling 250 ounces of physical silver for 15 years, assuming the price will increase by 25% per year, starting from 27 USD, are the following:
0 Comments
Read More
|