Enquire Now
Please provide your details to reserve space at Guardian Vaults.
Enquire Now
Please provide your details to reserve space at Guardian Vaults.
Enquire Now
Please provide your details to reserve space at Guardian Vaults.
Enquire Now
Please provide your details to reserve space at Guardian Vaults.
Enquire Now
Please provide your details to reserve space at Guardian Vaults.
Throughout history the security for storing gold has been challenging. A majority of gold in the world is stored in the central banks of various countries. Due to its inherent value, robust security is the prime requisite in storage. For many years the bank vault was synonymous with the ultimate form of protection.
However, with the advent of electronic commercial transactions, the prevailing wisdom in banking is changing. Storage of physical commodities is becoming less worthwhile for the banks’ bottom line and riskier for customers as banks can redeem the asset if the bank collapses.
HSBC recently provided an insight into the storage of gold as a bygone era when it was rumoured their storage of gold would become obsolete. They pinned the consideration of the change on the lack of return and ongoing costs of managing the holdings of investors.
As banking has shifted to a more mobile and online environment, beginning with the replacement of local branches with ATMs, the profit/cost margin for the banking sector has driven their need to focus attention back on their core business – the lending of money. They have identified, as financial transactions become more embedded with the evolution of connectivity, physical or material storage of assets is becoming less and less viable.
While it may seem another reason to complain about the banking sector, ultimately they are beholden to their shareholders. And within that they are obligated to perform at a level of maximum return for their shareholders’ investment. As a storage facility, physical or material assets ultimately return zero to the shareholders, as banks cannot lend against the assets held in storage. So it’s inevitable that the banks would focus on their core business.
As with all structural changes to fundamental institutions, it becomes an evolving process. Far from material or physical assets being shunned, the reduction in the number of banks holding these assets is being replaced with a more specific and targeted alternative.
Guardian Vaults ideally fills the vacuum for material asset storage such as gold bullion. Answering perfectly to the changing circumstances for clients we offer the perfect combination of storage and security. Guardian Vaults storage facilities are located in Sydney and Melbourne with access 24/7.
If your bank is discontinuing its vault storage services, Guardian Vaults offers a wide range of safe deposit boxes and bullion safes to satisfy your gold and silver bullion storage needs.
Gold and Silver News
From Guardian Vaults
Banks are no longer storing Gold
Throughout history the security for storing gold has been challenging. A majority of gold in the world is stored in the central banks of various countries. Due to its inherent value, robust security is the prime requisite in storage. For many years the bank vault was synonymous with the ultimate form of protection.
However, with the advent of electronic commercial transactions, the prevailing wisdom in banking is changing. Storage of physical commodities is becoming less worthwhile for the banks’ bottom line and riskier for customers as banks can redeem the asset if the bank collapses.
HSBC recently provided an insight into the storage of gold as a bygone era when it was rumoured their storage of gold would become obsolete. They pinned the consideration of the change on the lack of return and ongoing costs of managing the holdings of investors.
As banking has shifted to a more mobile and online environment, beginning with the replacement of local branches with ATMs, the profit/cost margin for the banking sector has driven their need to focus attention back on their core business – the lending of money. They have identified, as financial transactions become more embedded with the evolution of connectivity, physical or material storage of assets is becoming less and less viable.
While it may seem another reason to complain about the banking sector, ultimately they are beholden to their shareholders. And within that they are obligated to perform at a level of maximum return for their shareholders’ investment. As a storage facility, physical or material assets ultimately return zero to the shareholders, as banks cannot lend against the assets held in storage. So it’s inevitable that the banks would focus on their core business.
As with all structural changes to fundamental institutions, it becomes an evolving process. Far from material or physical assets being shunned, the reduction in the number of banks holding these assets is being replaced with a more specific and targeted alternative.
Guardian Vaults ideally fills the vacuum for material asset storage such as gold bullion. Answering perfectly to the changing circumstances for clients we offer the perfect combination of storage and security. Guardian Vaults storage facilities are located in Sydney and Melbourne with access 24/7.
If your bank is discontinuing its vault storage services, Guardian Vaults offers a wide range of safe deposit boxes and bullion safes to satisfy your gold and silver bullion storage needs.
Disclaimers: Guardian Vaults Holdings Pty Ltd, Registered Office, Scottish House, 100 William Street, Melbourne, Victoria, 3000. ACN 138618176 (“Guardian Vaults”) All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher and/or the author. Information contained herein is believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal situation. Guardian Vaults, its officers, agents, representatives and employees do not hold an Australian Financial Services License (AFSL), are not an authorised representative of an AFSL and otherwise are not qualified to provide you with advice of any kind in relation to financial products. If you require advice about a financial product, you should contact a properly licensed or authorised financial advisor. The information is indicative and general in nature only and is prepared for information purposes only and does not purport to contain all matters relevant to any particular investment. Subject to any terms implied by law and which cannot be excluded, Guardian Vaults, shall not be liable for any errors, omissions, defects or misrepresentations (including by reasons of negligence, negligent misstatement or otherwise) or for any loss or damage (direct or indirect) suffered by persons who use or rely on such information. The opinions expressed herein are those of the publisher and/or the author and may not be representative of the opinions of Guardian Vaults, its officers, agents, representatives and employees. Such information does not take into account the particular circumstances, investment objectives and needs for investment of any person, or purport to be comprehensive or constitute investment or financial product advice and should not be relied upon as such. Past performance is not indicative of future results. Due to various factors, including changing market conditions and/or laws the content may no longer be reflective of current opinions or positions. You should seek professional advice before you decide to invest or consider any action based on the information provided. If you do not agree with any of the above disclaimers, you should immediately cease viewing or making use of any of the information provided.
