Silver Bullion - Disadvantages of Non-Fungible Storage
(Allocated Storage)
Storing silver in non-fungible storage
(allocated storage) at a bank or dealer might have the following disadvantages:
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Disasters: The items stored in non-fungible storage
(allocated storage), silver included, are normally not
insured against floods, fires, robberies or similar disasters.
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metals today! Contact us for
details.
-
Accessibility: If you store your silver in non-fungible
storage (allocated storage) at a bank or dealer it might not always be accessible,
especially during holidays or after office hours. In fact, even in instances where your silver is accessible 24/7 when stored in
non-fungible storage (allocated storage), it’s normally only accessible after successfully passing
various security tests (correct signature, correct key, correct code, etc.). Now more than one
silver investor or holder of silver might not have a problem going through the security tests each
time they want to access their silver, but for some it might be downright
annoying.
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metals today! Contact us for
details.
Invest in precious
metals today! Contact us for
details.
-
More expensive than fungible storage (unallocated
storage): Non-fungible
storage (allocated storage) is normally more expensive than fungible
storage (unallocated storage), but the risks attached to fungible storage
(unallocated storage) simply make it worthwhile to pay a premium for non-fungible storage (allocated
storage).
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