How to Buy and Hold Physical Silver, and be able to Sell it back, instantly, whenever you want.
On 7/15/23 Flyover Conservatives channel featured Dr. Kirk Elliott who you’ve probably seen on Men In America and various other Conservative/Christian youtube channels, as well as Tarek Saab who is the Chief Operating Officer and co-founder of Texas Precious Metals LLC.
The Three Questions Dr. Kirk gets all the Time with the Best Man to Answer Them — Tarek Saab | Flyo
7/15/2023
https://rumble.com/v303dag-the-three-questions-dr.-kirk-gets-all-the-time-with-the-best-man-to-answer-.html
You can buy your silver/gold from Texas Precious metals and have them store it in their Texas Depository underground facility. Annual storage rates are 0.5% to 0.35%. Or you can buy precious metals elsewhere, and just ship them to the Texas Depository for storage.
NotebookLM AI Summary:
The sources provide a detailed look at the security, legal protections, and investment strategies associated with storing precious metals in a private depository. The following summary outlines the key aspects of these discussions:
Security and Physical Protection
The depository is a private, non-banking facility built with steel and concrete. Its security measures include man traps, truck traps, biometric scanners, facial recognition, and bullet-resistant windows and doors. Additionally, the facility employs three full-time police officers, including a former SWAT team leader. While the experts acknowledge that a government can theoretically seize any asset during extreme unrest, they emphasize that their facility can “lock down” and make physical removal of heavy metals profoundly difficult for any entity.
Legal and Operational Integrity
- Asset Status: Unlike banks, which are federally regulated and hold deposits on their balance sheets, this facility operates similarly to a public storage model. The metal is not an asset of the company and does not appear on its balance sheet.
- Ownership and Segregation: Material is entirely segregated by account, meaning there is no commingling or “pooled” ownership. Clients receive back the exact product (tracked by serial number) they put in.
- No Re-hypothecation: The facility does not lease, lend against, or “oversell” the metal it stores.
- Insurance: Stored metals are fully insured through Lloyd’s of London, a level of protection typically unavailable for gold kept at home.
- Rigorous Auditing: The facility undergoes frequent inspections, including bi-weekly internal audits, anti-money laundering audits, and external audits by institutional clients and IRA custodians.
Confiscation Concerns
Addressing fears of government confiscation based on the 1930s precedent, the experts note that the 1930s “confiscation” primarily targeted gold in bank safety deposit boxes and included financial remuneration. They argue that because their facility is a private, non-banking institution, it is less beholden to the specific federal regulations that govern banks.
Investment Strategy: Bullion vs. Collectibles
A major point of emphasis is the warning against high-premium “rare” or collectible coins. The experts view the aggressive marketing of these coins to the elderly as morally questionable, noting that many people pay $5,000 for a coin only worth $2,000 in metal value. They recommend a strategy of maximizing ounces while minimizing costs, focusing on liquid gold and silver bullion for wealth preservation rather than the speculative collectibles market.
Economic Context
The sources highlight that gold serves as a hedge against inflation and currency devaluation. For example, they point out that while a $20 bill in 1920 could buy a high-quality suit, today that same $20 might only buy a handkerchief, whereas one ounce of gold retains the purchasing power to buy the same suit.
Texas Metals (https://www.texmetals.com/) and Texas Depository (https://texasdepository.com/)
Buy precious metals and store them in a private underground bunker, with low annual fees.
100% INSURED & AUDITED
SECURITY — Underground Facility outfitted with bulletproof doors, metal detection, man traps, truck traps, biometric access, armed security, 24/7 surveillance, and three layers of concentric protection.
INSTANT LIQUIDITY — Fast/Free Liquidation. Sell back your precious metals — funds available within 24 hours.
https://www.texmetals.com/
Buy & Sell Precious Metals. Free Shipping! No Order Minimum.
- Free Shipping & Insurance
- No Order Minimum
- Credit/Debit Cards Accepted
- Fast Processing
- Limit Orders
- IRA & 401k Rollovers
- Low Premiums
- Full Transparency
Texas Precious Metals Depository
We offer long term storage solutions at Texas Precious Metals Depository for individual investors as well as IRA customers. Texas Precious Metals maintains class 2 and class 3 equivalent vaults in our high-security underground Texas facility which is fully insured by Lloyd’s of London.
WHY THE TEXAS PRECIOUS METALS DEPOSITORY?
- No Setup Fees
- No Withdrawal Fees
- Low Monthly Rates
- 100% Insured By Lloyd’s Of London
- No Outsourced Security
- Fully Allocated & Segregated Storage
https://texasdepository.com/storage-rates/
All gold, silver, platinum and palladium holdings are fully segregated, sealed, annually audited, and 100% insured through an all-risk policy by Lloyd’s of London, the world’s leading insurer of specialized assets. Assets stored at Texas Precious Metals Depository (“TPMD”) remain the property of the client, and independent of TPMD’s balance sheet. In other words, client assets are held as bailment, not on deposit with the facility or as consignment. Unlike other facilities, client assets are never commingled.
Annual Storage Rates
Gold / Platinum / Palladium: ($0-$100k = 0.5%) ($100k-$1M = 0.45%) ($1M-$5M = 0.38%) (>$5M = 0.35%)
Silver: ($0-$100k = 0.6%) ($100k-$1M = 0.5%) ($1M-$5M = 0.4%) (>$5M = 0.35%)
Artwork, Documents, Jewelry, Rare Books, or other Non-Bullion Storage Items: ($0-$100k = 0.5%) ($100k-$1M = 0.5%) ($1M-$5M = 0.5%) (>$5M = 0.5%)
*Additional coverage rate: ($0-$100k = 0.5%) ($100k-$1M = 0.5%) ($1M-$5M = 0.5%) (>$5M = 0.5%)
Other Fees
- Account Setup Fee: $0
- Account Withdrawal Fee: $0
- Minimum Monthly Billing: $10
Here are a few more articles regarding this company and its founder:
https://www.kens5.com/article/news/local/texas/millions-of-dollars-worth-of-precious-metal-hidden-in-secret-vault-in-rural-texas-town/273-cb94db38-7b5a-407e-897c-03607edac79f?fbclid=IwAR3g9KJRhnLAm1dHRU2fVt8ev5nrV0A8-bxuE3wM0uk6aPLmpOI4QUiCEV8
Millions of dollars worth of precious metal hidden in secret vault in rural Texas town
March 2, 2021
The most sought-after metals on earth are sitting in a secret underground vault. KENS 5 got rare access inside where up to $5 billion of valuables can be stored.
https://www.texmetals.com/news/success-story-precious-metals-company-grows-revenue-to-200-million/
Tarek Saab, chief operating officer and co-founder of Texas Precious Metals LLC,
https://www.linkedin.com/in/tareksaab
https://www.facebook.com/watch/?v=5099233046814169
Secret in Shiner
https://kasparcompanies.com/texaspreciousmetals
Note: this is not financial advice. Please do your own research before using a precious metals dealer and storage facility.
Here is a List of Precious Metals dealers, including ones, that accept Crypto for payment – https://www.youtube.com/post/Ugkx-52jgMKhrqQouMgYSuppgslT58jOx1fu
Prophetic Money