GoldBroker is a website run by FDR CAPITAL LTD, has its’ headquarters in the European Union and was founded in 2011. It is a place where you can buy physical Gold and Silver, that will be safely stored for you, outside of the banking system, in a vault in Zurich, Switzerland or Singapore. This means the gold and/or silver will be stored separately in your name, and you will the own the bullion outright. But you can also buy Gold or Silver from them and have it delivered to your home. But having it stored in a secure vault in Switzerland might be a better option, that we will discuss below.
With Gold Broker you can easily invest directly in bullion bars and coins. Although there is a minimum of 10 ounces for Gold and 500 ounces for silver. Both roughly around $10.000 as of this writing.
The great thing is that this investment will be in your name. It can be identified by a unique serial number and a storage certificate will be published in your name.
This means you own it outright, without any fractional ownership. This is in part why there is a minimum investment amount.
Withdrawal is also very easy and no problem, whenever you want to withdraw if you visit the Rhenus Logistics’ vault in Zurich, Switzerland. But if you want to have your gold or silver delivered to your home, your gold or silver has to have been stored for at least one year. Physical withdrawal at the vault in Zurich, Switzerland or Singapore is easy, but delivery is only possible after a holding period of at least one year.
So, you own your gold, it is your legal property. It is insured. You can place buy and sell orders 5 days per week.
Rhenus Logistics makes sure your investment is safe. They have vaults in which your bullion will be placed. One of the vaults is located in Zurich, Switzerland next to an airport. And since 2014 they also offer storage in Singapore. And insurance is provided by La Bâloise Insurance Company.
Another security measure is that the transfer of money will only be allowed to the bank account that the investor used to open an account with GoldBroker.com.
Fees and Commissions
Buying 5 to 15 troy ounces of gold will cost 3.5%. 16 to 99 troy ounces of gold will cost 2.0%, And 100 ounces or more will cost 1.5%. Selling is $300, if the value of the sale is $20,000 or less and 1%, if the value of the sale exceeds $20,000. Costs for storage and insurance for 5 to 15 troy ounces of gold is 2.0%, plus an annual and minimum fee of 150 Euros. And for 16 or more ounces of gold for 1.75%. Inspection, pick up, use of the showroom, repacking, sealing and assistance is 450 euros.
All in all a great place to buy and store your gold if you are worried about the value of fiat money or if want to diversify your investments.