Safe and Secure Storage
The storage of investment metals must be conducted in a safe and responsible manner, and this is an area where we possess extensive knowledge and security protocols. At K.A.Rasmussen, we take excellent care of your assets through our fully insured storage offering.
For those who desire simple administration and a high level of security, professional storage can be a natural choice. Safe and secure storage is an important consideration for everyone who chooses to invest in gold and silver. To ensure that your assets are properly secured, you can arrange for the storage of your precious metals with us.
In practice, this means that your precious metals are stored in a personal box, within a dedicated secured area at a secure location – and are fully insured.
Physical precious metals differ from digital securities in that they must be stored physically. This entails a responsibility for safe handling, protection against loss, and maintaining an overview of ownership. A well-considered storage solution helps reduce risk and makes the investment more predictable, particularly for larger values or long-term ownership.
If, however, you wish to store gold and silver at home, we strongly recommend that you acquire an approved safe.
How to set up an agreement for the storage of investment metals with us
Please contact us before placing an order for investment metals. Before we can establish a storage agreement, we are required to verify your ID in accordance with current regulations for responsible metal trading.
Costs for the storage of investment metals at K.A.Rasmussen
The storage cost is invoiced upon entering into the agreement and thereafter annually in accordance with the current price list. Costs are based on the LBMA fix as of the invoicing date. Please contact our advisors for pricing.
Do you wish to sell or withdraw your stored investment metals?
This can be done in several ways:
- By appointment, the metals can be collected at a secure location.
- If desired, we can send the metals to you via insured shipment by mail.
- If you wish to sell all or part of your holdings back to us at K.A.Rasmussen, we are happy to purchase them at current prices based on the market rate. These can be viewed here.
Rules for storage agreements at K.A.Rasmussen
The storage agreement is terminated automatically if you choose to withdraw your precious metals from storage, whether through collection, shipment, or sale to K.A.Rasmussen.
In the event of a breach of this service agreement by the customer, K.A.Rasmussen may choose to terminate this agreement with immediate effect. Failure to collect stored metals within 14 days will result in K.A.Rasmussen purchasing them at the market price set by the LBMA, with a percentage deduction according to current rates.
How to set up an agreement for the storage of investment metals with us.
Please contact us before placing an order in the online store.
Before we can establish a storage agreement, we are required to verify your ID in accordance with current regulations for responsible metal trading.
Costs for the storage of investment metals at K.A.Rasmussen
The storage cost is invoiced upon entering into the agreement and thereafter annually in accordance with the current price list. Costs are based on the LBMA fix as of the invoicing date. Please contact our advisors for pricing.
Frequently asked questions about storage
How are my assets secured and insured?
Your investment metals are secured against theft and destruction in accordance with security standards. We offer comprehensive insurance against loss and damage for your deposits.
The metals are stored at a secure and undisclosed location.
What happens if you go bankrupt?
Your holdings are not at risk should the storage company go bankrupt. You can be completely certain that everything you store with us remains 100% your property until you potentially choose to sell.
Who can utilize the storage services?
This storage offer can be utilized by private and corporate customers with an address in Norway.
What is meant by a personal box?
The goods being stored are registered in the customer’s name, kept in your personal box, and held separately from other holdings.
How can I add further investment products to my existing storage?
If you wish to deposit metals you have previously purchased from us, you can arrange this with us. Please contact us to schedule a delivery.
I wish to withdraw or sell parts of my holdings; is that possible?
If you wish to withdraw all or part of your holdings, you may do so within two business days after providing written notice. If you wish to withdraw your entire holdings, it is considered a termination of the agreement.
How do I terminate the storage agreement?
The agreement is terminated automatically if you choose to remove your metals from storage, whether through collection, shipment, or by selling to K.A. Rasmussen.
K.A. Rasmussen may terminate the agreement at any time. In the event of a breach of the agreement or its appendices, the customer will be given the opportunity to collect their metals.
Failure to collect the goods within 14 days will result in K.A. Rasmussen purchasing them at the market price set by the LBMA, less 2%.