After several months of shared reflection with our clients, we are pleased to announce the implementation of a new storage fees schedule.
Two major changes have been made:
1. The calculation of storage fees is now based on the value of your assets, not anymore on the number of ounces held.
2. As the value of your assets increases, the storage fees percentage decreases.
Storage fees = (assets value) x (fee rate)
→ If the value of your gold holdings is $120,000, the applicable fee rate is 1.20%. Your storage fees will be $1,440 per year.
| Assets value * | Fee rate | Storage account maintenance fees |
|---|---|---|
| [From] $1 | 1.50% | $125 (if value is less than $20,000) |
| $60,000 | 1.25% | Free |
| $120,000 | 1.20% | Free |
| $240,000 | 1.15% | Free |
| $360,000 | 1.10% | Free |
| $480,000 | Contact us | |
* Assets value = (number of troy ounces) x (spot price)
| Assets value * | Fee rate | Storage account maintenance fees |
|---|---|---|
| [From] $1 | 1.50% | $125 (if value is less than $20,000) |
| $250,000 | 1.40% | Free |
| $500,000 | Contact us | |
* Assets value = (number of troy ounces) x (spot price)
With this new fee schedule, none of our clients will be impacted by an increase in storage fees. On the contrary, some of them will even see their fees decrease.
The GoldBroker Group, which celebrates its tenth year of operation this year, has reached a size which allows it to better negotiate with its suppliers and partners. A work of cost optimization has been done in order to let our clients benefit from this growth.
We would like to take this opportunity to thank you for the trust you have shown us over the years.
If you have any questions or suggestions to improve our services, please do not hesitate to contact us.
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The information contained in this article is for information purposes only and does not constitute investment advice or a recommendation to buy or sell.
