Pool Accounts - Unallocated Storage
Many people like to retain physical possession of their precious metals. But if you would rather avoid the costs and complications of shipping, insurance and arranging for storage, we have the perfect option for you — Kitco Pool Accounts.
Kitco Pool Accounts are a cost-effective means of buying, owning and selling gold, silver, platinum, palladium and rhodium. Kitco Pool Account holders own a share of a pool of precious metals held securely by Kitco Metals Inc. By using a Kitco Pool Account to buy and sell precious metals, you can:
- Cut out the brokers, traders and middle-men
- Eliminate commissions, shipping, storage or insurance charges
- Have your metals held in secure storage facilities
- Get real-time quotes and enjoy small spreads
- Buy or sell online or over the phone*
- Buy or sell via our all-new mobile online store*
- Take physical delivery of your holding at any time**
* Online transactions incur a transaction fee of $8.98 and transactions conducted over the phone incur a transaction fee of $14.99.
** Relevant fees are charged for physical delivery and/or the conversion of pool holdings for physical metal.
A comparison of popular Kitco products with Pool Accounts
Pool Account
- Lower spreads
- Fabrication costs not included in metal price
- No minimum purchase required
- Transaction fee of $8.98 for online transactions or $14.99 for phone transactions
- No storage fees
- Greater liquidity and flexibility
- Delivery, fabrication and insurance charges applicable only upon conversion to physical metal
Physical precious metal products
- Higher spreads
- Fabrication costs included in product price
- $2,500 minimum transaction
- Delivery charges need to be paid for every purchase
- Customers have to arrange for their own storage
Canadian Allocated Storage Account
- Higher spreads
- Fabrication costs included in product price
- Minimum holding of 10 oz of gold or 500 oz of silver or 10 oz of platinum
- Higher administrative fees charged per transaction
- Delivery charges need to be paid only upon withdrawal
- Recurring storage fees
