Solid Gold Commodities provides a range of products and services including delivered bars and coins, metal storage, financing and the ability to hedge the market. All products are 100% backed by physical metal.
Delivered
Gold, Silver, Platinum and Palladium Investment bars and gold and silver international investment and collector coins are available for delivery.
Following cleared receipt of funds including applicable transportation, insurance charges and taxes products are shipped the following working day. Taking delivery of products, except Gold, for investment purposes will attract VAT in Ireland. Fees and delivery charges apply.
Stored
Precious And Industrial Metals can be stored globally by our renowned providers. Storage Costs include insurance, which if held by our LBMA & LPPM provider, are arranged through Lloyds Of London.
VAT Is not
applicable as physical delivery of the metal does not occur. Allocated holdings are held on a custodial and segregated basis, unallocated
provide a general entitlement to the metal. Unallocated Holdings may be converted to allocated following a standard procedure.
Fees
Mark-up is set at 1% of the transaction value for all products payable once on the entry. Spreads vary according to the trade size, product and market. Spreads will be offered as the BUY(bid) & SELL(ask) price. For stored products the storage and service fees range from 0.1% to 0.5% per month and for leveraged products interest rates vary according to the prevailing central bank base rates, product and market (at the time of print interest rate was 7.5%). All charges with an illustrative trade can be found on the Product Fact Sheets and clearly detailed before each trade is placed.
Hedging
Like all markets, commodities experience cyclical price movements offering opportunities to traders as prices rise as well as fall. With Solid Gold Commodities’ unique hedging method, called a commodity loan, clients can borrow physical metals in order to sell.
Financed
Products are available with a minimum initial deposit of 25% employing a unique non recourse loan. This ensures that under no circumstances would the client be liable for any loss in addition to the deposit. Interest is set at an annual percentage charged on a daily basis as is the storage fee. There is an option to change these products to fully paid and take delivery.