Oct 19 2010
Kitco Metals Inc. is introducing the first allocated storage program for retail and wholesale precious metal investors. The move is a response to the increasing awareness of and demand for geographical diversification.
Growing concerns about Sovereign risk among investors the world over have highlighted the need for geographical diversification in addition to asset diversification. As a bullion dealer of international repute with offices in North America and Asia, Kitco fully appreciates the now global dynamics of the precious metals markets and is well-equipped to cater to this need.
Peter Hug, Kitco's Director of Investments says, "In this uncertain time, safety and liquidity are the primary pillars of any prudent investment. Allocated storage offers just such a prudent choice." Kitco's Canadian Allocated Storage program allows investors to hold segregated gold and silver bullion in Canada. As a country whose fiscal house is in order and that enjoys an enviable degree of stability, Canada is fast gaining recognition as a center for asset and geographical diversification.
The Kitco program also features quarterly audits by independent third-party auditors, efficient pricing and detailed monthly statements. As such, the fully insured allocated storage program offers unprecedented safety and immediate liquidity. To complement the program, Kitco has also introduced a tiered pricing structure, offering discounted prices to high-volume investors.
Kitco is now accepting applications from prospective investors. The minimum amount for opening an allocated storage account is U.S. $25,000.
Source: Kitco Metals Inc.