How does the Safekeeping Account Operate?
Our Safekeeping Account allows you to purchase silver and gold, which is held in a specific Pool Account at SMI. You can add to this account, take physical delivery or sell your holdings at any time, (subject to the needs of SMI and acceptance of SMI precious metal pricing). The SMI Safekeeping Program also permits the purchase of SMI bullion products at prevailing market prices for precious metal and at manufacturing prices which are lower than the industry prices. Manufacturing prices represent the cost of fabrication of your precious metal into its various weights and forms (e.g. bars or rounds) in purity values of 99.9% for silver and 99.99% for gold. These manufacturing costs are incurred only when a client wishes to take physical delivery of their precious metal holdings from the SMI Safekeeping Program.
