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GoldBroker has been specializing in precious metals and bullion investing since 2011. Find out if GoldBroker is right for you.
Pros:
- GoldBroker Offers Storage of Precious Metals in 4 different countries
- There are no custodians in between you and your gold
- It is easy to physically take delivery of your precious metals
- Owners or their representatives may visit the vault at any time without a company representative
Cons:
- Lack of information on exact features of storage vaults
- High transaction fees
Table of Contents
GoldBroker Company Info & Background
GoldBroker arose because of an investor demand for an offshore gold storage company which would allow you to actually hold your gold in your own name with no custodian or intermediary in between you and your precious metals. This may sound like a reasonable idea, but it is highly novel in the industry actually. With this company, the gold or silver storage certificate becomes issued directly in your name and includes all relevant serial numbers for any bars. It guarantees that you do not become a victim of any potential counter parties and their associated insolvency risk.
The intermediary-free offshore gold storage company is appropriately based in a true offshore banking, insurance, and tax haven— the Mediterranean Sea island nation of Malta. Here you are able to register your gold so that you can store your precious metals entirely outside of the banking system. This protects you completely from any bank failure or seizure risks. Clients of GoldBroker have such tight access to their own gold that they do not even require any GoldBroker employees to be present when they visit or access their treasure. You are also allowed to gain possession of your physical investment without having to pay any penalties to take possession of them. This is not always the case with the gold storage industry either.
GoldBroker Management Team
CEO & Founder Fabrice Ristori
CEO Fabrice Ristori
In keeping with the European-based theme of GoldBroker, both of the principals are also Europeans. Chief Executive Officer and Founder Fabrice Drouin Ristori is a French national, investor, and financial entrepreneur. He has specialized in silver and gold markets since the year 2008. He started GoldBroker back in 2011 and became CEO at that time.
Board Member Egon Von Greyerz
Board Member Egon Von Greyerz
GoldBroker Board Member Egon Von Greyerz became a significant part of the financial and investment worlds in the 1990s. He served as an asset allocation consultant for private families and their funds working on mergers and acquisitions throughout that decade. In the early 2000’s, he turned his attention to gold and silver as the most effective means of protecting wealth and assets. To that effect, he started top world gold management company Matterhorn Asset Management AG in Zurich officially in 2005.
At this firm he still focuses on the preservation of wealth to this day. His principal venture Matterhorn is a global leader in acquiring and storing institutional-sized amounts of gold and silver and holding them entirely outside of the traditional banking system. This company focuses on ultra high-net worth individuals, pensions funds, trusts, and family offices for its vast array of clients in over 52 countries.
Egon’s other major venture is his board member post on GoldBroker. He also stays extremely busy as a heavily in demand speaker for investment conferences throughout the world and in giving interviews on financial media regularly. He also writes extensively for a range of publications (and his two principal ventures) on wealth preservation, precious metals, and the world economy. Precious metals advisers do not come much more experienced and highly regarded than does Egon von Greyerz. He lends enormous prestige and expertise to GoldBroker by serving on the board.
GoldBroker Custodian and Storage
GoldBroker has a novel concept in the world of offshore precious metals storage. They insist on you being your own custodian directly. In fact, they refuse to ever be a bullion custodian for a client’s holdings of precious metals. They do have a storage partner, Malca-Amit. This firm is entirely independent from GoldBroker. Malca-Amit directly issue out all metals’ ownership certificates stating clearly the client name and bearing the serial numbers of any and all bars. This makes it clear who owns the gold, silver, platinum, and/or palladium.
For choices of offshore gold storage, GoldBroker is not easily outdone. Naturally they offer Switzerland in the form of Zurich vaulting. Besides this, they feature three other national vault choices. These include:
- Singapore
- Toronto, Canada
- New York City, the United States
The majority of their New York City-based vaulting is done for their American Gold IRA account holders who must store their gold within the territory of the U.S. according to stringent Internal Revenue Service retirement account regulations.
GoldBroker Products
Goldbroker offers more choices of bullion than some of their offshore gold storage company rivals out there, though not the unlimited choices that some other firms provide. One thing they do pride themselves on is offering platinum and palladium investment choices of bullion alongside the more ubiquitous gold and silver options.
For bars, they feature Valcambi-made one ounce gold bars, 100 grams gold bars, one kilogram gold bars, one ounce platinum bars, and one ounce palladium bars. They also feature the Royal Canadian Mint’s one ounce gold bars and their 100 ounces Silver Bars, as well as the Republic Metals Corporation’s one ounce gold bars, one kilogram Silver Bars, 100 ounce Silver Bars, and 1,000 ounces Silver Bars.
In bullion coins options, they offer a good selection of possible choices from the major international precious metals-striking mints of the world. From North America this includes the Gold American Eagle, Gold Buffalo (in rolls of 10 coins), the Gold Canadian Maple Leaf, Platinum Canadian Maple Leaf, Silver American Eagle, and Silver Canadian Maple Leaf (in monster boxes of 500).
Their European offerings include the Austrian Mint’s Gold and Silver Philharmonics, and the British Gold and Silver Britannia (in rolls of 10 coins). From Africa and Australia, they provide the Perth Mint’s Gold and Silver Kangaroos and the South African Gold Krugerrand and Anniversary Krugerrands (both in rolls of 10 coins).
GoldBroker Fees for Services and Products
GoldBroker is also different from its competitors as it will not divulge the commission fees that it charges for its various bullion products. Their claim is that such fees vary from one product to another and become regressive as the quantity and size of the order increases. As their minimum order size is $10,000, it is hard to say what percentages they are charging on average to buy such products.
What you can know for certain are their charges for selling back bullion products which you purchase directly from them. They promise to buy back all precious metals which remain secured within their storage facilities. They charge a one percent commission that starts at a $75 minimum commission total on any buy back sales.
Precious metals’ offshore storage fees are sliding scale-based on the value of the metals they are vaulting on your behalf. When the value of stored gold is under $20,000, they charge 1.5 percent. Over 50 ounces, this drops to 1.25 percent per year. Over 900 ounces it declines further to 1.05 percent annually. Over 4,500 ounces of gold is assessed .95 percent per year.
Silver fees are also based on a sliding scale which is dependent on the amount of silver stored with them. Up to 60,000 ounces pays 1.5 percent per year. Over 60,000 ounces pays 1.3 percent annually. At 300,000 silver ounces and higher this drops to 1.2 percent per year.
The firm also assesses three other fees surrounding vault visits in lieu of delivery charges on precious metals. Visiting the vault costs $200. Personally picking up metals requires a $200 fee. Taking pictures of metals can be done by owners for $10 per unit.
GoldBroker Contact Information
- Address: FDR Capital Limited, 32, Level 3, Regent House, Bisazza Street, Sliema SLM 1640 Malta
- Phone: +33 184884084
- Website: www.goldbroker.com
- Established: 2011
Key Pages from GoldBroker’s Website
Here are the most important pages from GoldBroker’s website. You can read this information to better understand the company.
- Phone : +1 800-780-0350
- URL :
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GoldBroker has been specializing in precious metals and bullion investing since 2011. Find out if GoldBroker is right for you.
W.D. Crowder is an American published author. His background and areas of expertise include history, economics, retirement, finance, expatriate living, international relations, investments, and personal finance. A widely read and top of his class graduate of Stetson University, he obtained his bachelor of arts degree in History with minors in Latin American Studies and International Relations and a special emphasis in Economics. He was President of his Phi Alpha Theta (National History Honors Fraternity) Stetson University chapter and a Phi Beta Kappa (National Honors Fraternity) member.
