Storage fees are calculated at 0.65% per annum for Gold, Silver, Platinum and Palladium. The annual fee percentage is then calculated to form a daily fee. Please note all stored items are subject to a daily fee that reflects the daily metal price.
Storage Fees are calculated daily. Your daily storage fee is calculated using the Total Value of Fine Metal you hold each day at 0.65% per annum. There is a minimum storage fee of £10 per month or £0.33 per day. Your daily storage fee will vary as the value of your goods in storage changes each day due to the changing precious metal price. Should you add or remove items from your storage then your daily storage fee will also change and will reflect the total value of your storage. Valuations are taken each day so any movement within your storage account will be reflected the following day.
Should the total value of your storage fall below £20,000 then your monthly storage fee will be £10. We calculate the value of your stored items by using the spot price of the relevant metal. For example, a customer storing £50,000 with us at a gold price of £1500 would incur a daily storage fee of £0.89. The minimum fee for each month of storage use is £10.00.
Indicative Pricing Below.
Amount held
in storage *
|
Annual Fee |
Monthly Fee |
Under £20,000 |
£120.00 |
£10.00 |
£20,000 |
£130.00 |
£10.83 |
£50,000.00 |
£325.00 |
£27.08 |
£100,000.00 |
£650.00 |
£54.17 |
£150,000.00 |
£975.00 |
£81.25 |
SILVER Amount held in storage *
|
Annual Fee |
Monthly Fee |
Under £20,000 |
£120.00 |
£10.00 |
Over £2000 |
£260.00 |
£21.66 |
* Amount held in storage equates to 'Total Metal Value'. Once the value of your metal exceeds £150,000, our free storage offer no
longer applies and you will be obligated to pay full storage fees.
There is a limit to the amount of free storage available for metals, which is capped at £150,000. If your metal holdings exceed this amount, you will be charged the full storage fees.
‘Total Metal Value’ is calculated using the total fine metal content in grams multiplies by the metal spot price in pounds sterling. Per gram. Storage fees on days where there is no metal fix are calculated using the earliest available fix. i.e., Sunday’s prices are calculated using Friday’s prices.
In the event of any changes to our pricing structure, we will provide written notice with a 30-day advanced notice period for such adjustments. Please note that we reserve the right to suspend and/or review any 'website offer' at any time without prior notification.