Kitco Hong Kong Review

Kitco Hong Kong
Kitco Hong Kong - by, April 1, 2011
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Kitco Hong Kong
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Review Summary :

Kitco has served the refining and precious metals industry for over 40 years. Long-term stability and a high level of expertise enables Kitco to offer products that meet their high standards and come with an authenticity guarantee.

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Pros:

  • Kitco is a 40 year old internationally known household name
  • Their Hong Kong storage exists without the banking system in a stable jurisdiction
  • Kitco offers bullion storage in various locations around the globe

Cons:

  • Sliding scale storage fees can get expensive
Quick Facts about Kitco Hong Kong
Year Founded:1977
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Kitco Hong Kong Company Info & Background

The company Kitco proves to be a global corporation that arose back in 1977, making it one of the older international offshore gold storage firms around. Their headquarters are in Montreal, Canada, while they maintain important satellite offices in both New York City in the U.S., and Hong Kong in China. The firm has been a worldwide leader in the precious metals business since 1977. In this time, they have endeared themselves to millions of clients who have come to trust their dependable and ever-accurate information and news on the precious metals markets. Thousands of different clients today trust Kitco with their purchases and sales of gold, silver, platinum, and palladium at reasonable premium prices.

The brand name Kitco became a household name to many individuals who stopped by their world-renowned and award- winning website found at www.kitco.com. The combination of live spot pricing, precious metals dealer, cutting-edged market commentaries, practical market information, and up to the minute ready news brings in almost a million unique visitors each and every day.

The company has also grown to become one of the top vendors of all of the various precious metals (including Rhodium) and a globally leading supplier of refining services. They purchase and sell a substantial range of products in gold, silver, palladium, platinum, and even rhodium from their three offices. They pride themselves on their highly competitive custodian storage programs for corporations, institutions, and individual investors around the globe today.

Photo Courtesy of The Daily Economist

As a sign of its high international regard, Kitco has the privilege of being among the select few of the authorized dealers for precious metals bullion products for the best-known and -loved government mints around the world. This allows them to offer first-rate competitive pricing on a huge selection of fantastic bullion coins, rounds, bars, collectible coins, and gifts for their many clients around Asia and the world. At the important Hong Kong facility and branch office, Kitco does more than simply purchase and sell their physical precious metals. They also provide secure vaulting storage services for their buyers.

Many investors understand the need for asset diversification, yet not all of them have thought through the importance of protecting these diversified assets. Thanks to Kitco’s Hong Kong Allocated Storage Program, it does not have to be costly or complex to well-secure precious metals holdings offshore and safely independent of the unstable banking system.

This permits you to buy precious metals from them and then rest secure in the knowledge that Kitco is also storing them on both an allocated and segregated basis in their highly secure vault facilities in Hong Kong. You may sell off, add to, or withdraw your own metals holdings whenever you wish, via delivery or in person.

 

Kitco Hong Kong Management Team

President & Founder Bart Kitner

The man who founded Kitco forty years ago is still the president of this company today. This is Bart Kitner. Kitner took his firm online back in 1995 in the early days of the Internet. He boasts a business degree specializing in Finance from McGill University in Montreal.

Executive Vice President Arthur Lindblom

Vice President Arthur Lindblom has been with Kitco since 1990, adding a second director with over 25 years of longevity and experience at the firm.  Before this considerable tenure, he served as the Operations Manager at Dana Corporation in Fort Wayne from years 1968 through 1990.

 

Kitco Hong Kong Custodian and Storage

Kitco calls its world-class secure storage program in Hong Kong, China the Kitco Allocated Storage Program. This service permits you to buy your precious metals from a world leader and then have them stored in an allocated and segregated arrangement in Hong Kong. You are able to sell off part or all of your assets, add to them at your discretion, or collect them in person or request them to be delivered to your home address whenever you wish.

The accounts are all maintained in highly secured vault facilities found within Hong Kong. The precious metals contained in your Kitco Allocated Storage account are yours at all times. They will physically separate them from their own (or those of others) company bars, coins, and metals at all times in this program.The program delivers the following considerable advantages to you:

 

  • Storage in the dynamic, stable, and economically free region of Hong Kong, among the soundest on earth
  • Storage in one of the world’s leading storage vaults
  • Highly competitive storage fees
  • Fees levied only for duration of storage stay, not for fixed yearly amounts of time
  • Included yearly audit reports from the independent third-party auditors
  • Ability to purchase additional audit reports for a minimal fee
  • Complete insurance coverage automatically included
  • Detailed statements every month to track your precious metals
  • Highly cost-efficient buyback protocols and prices
  • The Kitco reputation and legacy dating back to 1977

 

Kitco Hong Kong Products

One of the top features of Kitco Hong Kong remains their world-leading selection of bullion coins, bars, and rounds in all of the precious metals classes (gold, silver, platinum, palladium, and even rhodium). While their complete inventory is too vast to list out here, among their leading products are as follows:

Gold Products

  • 2018 1 oz Gold British Lunar Dog Coin
  • 1 oz Gold British Britannia Coin
  • 2017 1 oz Gold Australian Kangaroo Coin .9999
  • 1 oz Gold Canadian Maple Leaf Coin
  • 1 oz Gold American Eagle Coin .9167
  • 1 oz Gold American Buffalo Coin
  • 1 kg Gold Good Delivery List Bar
  • 10 g Gold PAMP Suisse Lady Fortuna Bar
  • 10 oz Gold Perth Mint Bar .9999

 

Silver Products

  • 2018 1 oz Silver British Lunar Dog Coin
  • 2018 1 oz Silver Australian Lunar Dog Coin
  • 1 oz Silver Canadian Maple Leaf Coin
  • 2016 1oz Silver Cougar – Canadian Predator Series Coin
  • 1 oz Silver Australian Kangaroo Coin
  • 2016 1 oz Silver Australian Lunar Monkey Coin
  • 20th Anniversary 1 oz Silver British Britannia Coin
  • 2017 1 oz Silver Somalian African Elephant Coin
  • 1 oz Silver Austrian Philharmonic Coin
  • 1 oz Silver Niue Turtle Coin
  • 10 oz Silver Royal Canadian Mint Bar
  • 100 oz Silver Royal Canadian Mint Bar

 

Platinum Products

  • 2017 1 oz Platinum American Eagle Coin
  • 1 oz Platinum Canadian Maple Leaf Coin
  • 1 oz Platinum Australian Platypus Coin
  • 1 oz Platinum Good Delivery List Bar
  • 10 oz Platinum Bar .9995

Palladium Products

  • 1 oz Palladium Canadian Maple Leaf Coin
  • 1 oz Palladium Good Delivery List Bar

 

Kitco Hong Kong Fees for Services and Products

A crucial area with these offshore precious metals storage companies revolves around what they will allow you to store overseas and at what price point. Kitco Hong Kong is one of the few offshore outfits that will permit you to store any of the precious metals (and also rhodium) in their secure Hong Kong storage facility. Their prices differ for each of the precious metals. They are listed below as follows:

Gold 0 – 100 oz
0.5% of metal value per year
101 – 1,000 oz
0.35% of metal value per year
Over 1,000 oz
0.25% of metal value per year
Silver 0 – 5,000 oz
1% of metal value per year
5,001 – 50,000 oz
0.85% of metal value per year
Over 50,000 oz
0.75% of metal value per year
Platinum 0 – 100 oz
0.5% of metal value per year
101 – 1,000 oz
0.35% of metal value per year
Over 1,000 oz
0.25% of metal value per year
Palladium Any quantity
0.75% of metal value per year

The firm also levies $15 transfer fees every time you move metals into or out of their Kitco Allocated Storage program. This is admittedly a junk fee from a company that does not usually stoop to these, and no one else we know is levying them. Exit fees are not unheard of in this business, but entry ones are highly unusual and maybe even unique to Kitco Hong Kong. If you choose to self pickup your metals for physical delivery, they also assess you $30 in fees on each visit you make to the vault in Hong Kong.

 

Kitco Hong Kong Contact Information

  • Address: Kitco (H.K.) Metals Limited, Floor 5L, Centre Mark II, 305 – 313 Queen’s Road Central, Hong Kong
  • Phone: (852) 2827-7800
  • Website: www.kitco.com.hk
  • Established: 1977

 

Key Pages from Kitco Hong Kong’s Website

Here are the most important pages from Kitco Hong Kong’s website. You can read this information to better understand the company.

 

Kitco Hong Kong
Kitco Hong Kong - by, April 1, 2011
4/ 5stars
on
Kitco Hong Kong
  • Editor Rating
  • Very Good
  • 0/5 Avg. User Rating
  • 0 No reviews yet!
Review Summary :

Kitco has served the refining and precious metals industry for over 40 years. Long-term stability and a high level of expertise enables Kitco to offer products that meet their high standards and come with an authenticity guarantee.

Have you purchased products from Kitco Hong Kong? Leave a review!

Leave your rating

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