The Delaware Depository is an exchange-approved facility that provides world-class storage for physical precious metals to financial institutions and individual investors. It is the nation’s largest depository of precious metals outside of New York City and is licensed with the CME Group (COMEX and NYMEX Divisions) for the storage of gold, silver, platinum, and palladium.
The depository is in full compliance with the Internal Revenue Service’s requirements for IRA custody and safekeeping of precious metals, meaning that customers of Wilshire Capital can use the facilities to store their precious metals within a Self-Directed IRA. As an IRS-compliant depository for IRA assets, Delaware Depository will accept any IRA-approved coins or bars that meet fineness minimums per IRS Code.
Wilshire Capitals customers have the privilege of storing their precious metals in high-security vaults that are in compliance with the Bank Protection Act and UL standards. They also have the option of keeping their metals in either of the depository’s locations in Wilmington, Delaware or Seal Beach, California. In addition, the depository maintains $1 billion in “all-risk” insurance coverage from Lloyd’s of London, including a $100,000 per packaged shipping insurance coverage.
The Delaware Depository does not lend, pledge, or encumber any bullion that is in its care; all metals are fully allocated and off-balance sheet. This means that customers are recognized as the sole owners and title holders of the metals that are stored in the facilities.
To learn more about the Delaware Depository, please visit www.delawaredepository.com
Brinks Global Services
Brink’s Global Services (BGS) is a division of Brink’s, Incorporated, a leading international provider of secure logistics, security solutions and risk management. The entire global network spans nearly 1,000 facilities in over 120 countries and has a strong professional network, which keeps it up to date on changes in markets and customs regulations. Customers have access to different types of storage accounts, in-house consultancy services, trade show services and customs clearing assistance.
One of BGS’s many areas of expertise is the storage of precious metals, and particularly for use with a Self-Directed IRA. Customers of Wilshire Capital with a Self-Directed IRA may have the option of storing their metals in BGS locations in Los Angeles, New York City or Salt Lake City.
(Please note, these options vary based on the custodian of your IRA.) All of these depositories are exchange-approved by the Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE).As an IRS-compliant depository for IRA assets, BGS will accept any IRA-approved coins or bars that meet fineness minimums per IRS Code.
Precious metals sent to BGS facilities are transported in armored vehicles and guarded by armed messengers. Upon arrival, your metals are carefully inspected and inventoried, and regularly audited. And, to protect its customers and their assets, the company takes full liability for all its shipments.
For more information about Brink’s Global Services, please visit www.brinksglobal.com