The first benefit to storing precious metals in a bullion depository is insurance coverage. It is not possible to insure the metals in your home from theft, fire, natural disaster or other calamity. For those with significant precious metals holdings, any loss of this metal could be a financial catastrophe. The same circumstances apply to safety deposit boxes, which are non-insurable, and carry the additional risk of bank closures – which have occurred numerous times in the past – due to levered risk.
The second benefit is personal safety. If a bad actor or actors were to become aware of any sizable fortune kept in a personal residence, it could put the occupants of that home in danger of great personal risk.
The third benefit (one that is unique to TPMD as compared to other depositories) is the option of instant liquidity. Unlike other facilities that lack a trading desk, where an individual is required to pay a shipping expense and incur the time delay of shipping metals elsewhere in order to liquidate, our companion trading desk offers competitive market rates as a market maker in the industry. This means that liquidation is fast and expense-free, with funds being made available within 24 hours.
Insurance, safety, and ease of liquidity are advantages of storing at TPMD.
