Investing in precious metals is a great way to diversify your portfolio because it protects against inflation. When inflation happens (and it will), your cash investments will lose value over time.
But precious metal investments will retain their value as long as they’re kept safe and secure. Precious metal investment dealers are a unique breed. They’re driven by a passion for their craft and, more than anything, a deep-seated desire to help people.
They love the thrill of the hunt, but they also love giving people the opportunity to invest in something that will always have value.
One company that brings these statements to life is Delaware Depository. This Delaware Depository review aims to tell you more about this dealer.
As a major player in the game, Delaware Depository has been trusted by thousands of people.
But how good is it now?
This article will look closely at the company, so new investors can know more about it before investing their money.
But before we get started with this review, here is something important that you should know!
I realize that choosing a company to invest your life saving is an integral decision. Because of this, I do my best to ensure the validity of information mentioned in my articles! I do all of this to guarantee you pick the best financial choices for them.
After carrying out through research and reviewing dozens of companies, I created a list of various gold companies and their reviews. It should help you in deciding the company most suitable for you and your needs.
Or you can get yourself a FREE Gold IRA Kit from the company I recommend the most below!
Table of Contents
- 1 A Brief Account Of Delaware Depository
- 2 Services Offered By Delaware Depository
- 3 Delaware Depository Products
- 4 Pros And Cons Of Delaware Depository
- 5 Is Delaware Depository A Reliable Company For Precious Metal Investments?
- 6 Fees In Delaware Depository
- 7 Delaware Depository Shipping Standards
- 8 Frequently Asked Questions
- 8.1 Q1: Who Is The Owner Of Delaware Depository?
- 8.2 Q2: How Do You Ship Bullion And Documents From Delaware Depository?
- 8.3 Q3: Does Delaware Depository Offer Foreign Storage?
- 8.4 Q4: How Long Will It Take Delaware Depository To Process Your Bullion?
- 8.5 Q5: Can You Invest In Metal In Delaware Depository Without An Account?
- 9 Conclusion
A Brief Account Of Delaware Depository
Delaware Depository has been a trusted dealer for more than 20 years. They claim to be the nation’s largest precious metals depository and provide a full range of precious metals, including gold, silver, platinum, and palladium. Their A+ rating from BBB is a testament to their commitment to customer satisfaction.
With two locations—one in Nevada and one in Delaware—they certainly don’t have many options for those who want to purchase at a local location. But the company does have a website that is well maintained, which can be used for purchases instead.
Delaware Depository is known to work with major financial institutions in the country. They not only have detailed records of their dealings but also have trained staff to ensure that clients will be satisfied.
Services Offered By Delaware Depository
Delaware Depository is so much more than a simple precious metals dealer. It offers many services, which allows investors and clients to not settle for other services to get the job done. Let’s see what exactly this company has to give.
Delaware Depository is a safe and secure place to store your precious metals. They offer a wide range of services, including storage, authentication, and testing.
Their team is experienced in safeguarding precious metals for companies and individuals worldwide. Regardless of whose package it is—they treat every package with the same quality of service.
Numerous cameras have been installed in the premises, to keep records of each delivery. They also divide packages into different teams. This ensures that no single person will be responsible for a package during the storage process. Therefore, it significantly reduces the chances of theft.
Moreover, an authenticity test is conducted before storing the package. Multiple tests are involved, it is done to check that a product is neither a counterfeit nor a replica. This is something many storage facilities don’t offer and is a huge bonus for people looking for a safe place to keep their precious metals safe.
Investor’s metals are held off the balance sheet and are in a private custody account. This allows for instant access to your bullion at any given time. As a result you can get quicker transfer or delivery as the time for the process to complete significantly reduced.
Offers IRA Services
If you’re looking for a place to store your IRA assets, Delaware Depository is here to help. They are a qualified custodian who meets all of the IRS’s requirements, so you can rest assured that your investments will remain safe with them as long as you want them there.
Because of the way Delaware Depository is regulated, it’s unlike any other depository that you’ve come across. They are unlike banks—they don’t offer savings accounts or loans. But what they do offer is a safe place for your valuable assets.
The company is insured by Lloyd’s of London, so you can rest assured that your assets are safe from theft or loss. Plus, because they are completely independent of the US government and have no normal operations done by a bank, you’ll never have to worry about whether or not they’ll be around.
Delaware Depository offers you the best in security and speed. They work with companies with armored carriers, so you can be sure your goods are safe.
If you need same-day shipping, overnight shipping, or even 2 day shipping, they can make it happen! They also handle customs clearing arrangements for you, so there are no shipping delays. This is another bonus of working with the Delaware Depository.
Delaware Depository Products
Usually, I would list the variety of products a company provides to its clientele. Unfortunately, there is no definitive product list regarding Delaware Depository. The company only deals in the following products:
- 1,000 oz. Bars
- 100 oz. Bars
- Gold And Platinum Group Metals
- 90% And 40% Silver Bags
- American Eagle Proof Coins
- American Eagles & Canadian Maple Leafs
Most of the products are available in selected metals. The precious metal offering by the company is:
Pros And Cons Of Delaware Depository
A major drive towards a company is usually because of its advantages to the public. When it comes to this company, the advantages are immediately present when you see their shipping standards. I will go over these later in the article.
For now, I will talk about the various pros and cons that Delaware Depository has to offer to the public. Additionally, I will also go over the shortcoming of the company. This will let you know exactly what you are getting into.
- Top-of-the-line shipping standards.
- Well documented website and is easy to navigate.
- Shipping Calculator available on the website.
- All shipments are fully insured.
- Variety of different services.
- Stellar storage facilities.
- Great ratings overall.
- Offering metals other than gold and silver.
- The website lacks transparent pricing.
- No free shipping.
- No customer ratings and reviews.
- No purchasing is available directly from the website.
- The people behind the company are not mentioned.
Is Delaware Depository A Reliable Company For Precious Metal Investments?
I have not been able to talk about the ratings and customer reviews of the company simply because there are so few of them out and about. Despite this being an obvious red flag, there is no doubt in my mind that Delaware Depository is a solid company.
The company has an A+ rating from the BBB, which is its saving grace. Furthermore, the company has more than 20 years of experience under its belt. The company is reliable as a website to invest in metals and diversify your assets.
Suffice it to say that they know what they are doing. Seeing their services only makes this even more apparent, as their level of quality is top-notch. It may be easy to consider the company a scam, especially considering the lack of external ratings. As they always say, don’t judge a book by its cover.
Fees In Delaware Depository
The biggest gripe I have with this company is that the website withholds critical information. This is despite the website being quite well-documented.
There are no fees for IRA services, Storage/transfer services, and collateral custody services on their website. As a result, it is difficult for me to talk about this topic.
One thing that the company has available is its shipping prices. Shipping prices and fees will depend on where you want the product shipped. This can make things hard for you to calculate.
Luckily they have a convenient calculator available on their website. This can tell you exactly the fee you will undergo if you have your precious metals shipped.
Delaware Depository Shipping Standards
One thing that caught my eye is the company’s attention to its shipping. The company offers same-day shipping as an option but usually does standard shipping. The shipping transport is done via Armored or UPS, FedEx & USPS. These can be done in a private label or special insert services.
Additionally, overnight and 2 day shipping options are available. They carry out advance shipment preparations and customs clearance arrangements.
Finally, they also offer special packaging services. Even if you do not take special packaging, the boxes are double protected, and the packaging is secure. No other company puts this much care into their shipping which is why Delaware Depository is at the top in shipping.
Frequently Asked Questions
Q1: Who Is The Owner Of Delaware Depository?
While the company is private, Delaware Depository is owned by FideliTrade Incorporated. It is a wholly-owned subsidiary of this company and operates under it. It is also a licensed Depository of Intercontinental Exchange Inc and CME Group Inc. It falls completely under the orders of the SEC.
Q2: How Do You Ship Bullion And Documents From Delaware Depository?
If you are requesting paper documents, then you will receive your documents by overnight mail or courier. It can also be sent by email or fax. If you want your metals moved, you must submit a form requesting a metal move. This will require you to pay your fees before moving.
Q3: Does Delaware Depository Offer Foreign Storage?
The company offers multiple storage options. IRA accounts are held in banks within the United States. Regarding storage options, the company has facilities across the United States but also in Canada and Switzerland. This is great for those seeking storage options outside of the states.
Q4: How Long Will It Take Delaware Depository To Process Your Bullion?
The people at this company follow a strict procedure when procession customer requests. Deposits will take around 2 to 3 working days to be processed.
If you withdraw from your account, this is much faster and can happen in around a day. Customer service can also help you see how much time is left on your order.
Q5: Can You Invest In Metal In Delaware Depository Without An Account?
To start any investment process, you must make an account with the company. This can be done in many different ways. You can call their customer services or visit their website. Contact customer support via their website to figure out how to open an account.
The conclusion to this Delaware Depository review should be obvious. Getting an A+ rating is no easy feat, but Delaware Depository can easily steal this rating. This, combined with their large array of services and experience, is enough to get me to promote them.
Coming up with a rather simple website and promoting customer satisfaction, it is easy to see why they are a good company. Having multiple different types of metals is also a huge plus that elevates the company’s standard immensely.
My only criticism will be regarding the website, which is just too simple compared to many of its competitors.
Martin Thomas, the owner of Quadra FNX Mining, is a true gold investment aficionado. With decades of experience and a wealth of knowledge, he is the go-to source for anyone navigating the vast world of precious metals. Martin has dedicated decades of his life to understanding the intricacies of the precious metals market and the best strategies for maximizing returns. His expertise in this field is unmatched, and his commitment to helping others make informed investment decisions is unwavering. With him as your guide, you’ll gain a deeper understanding of the gold market and learn how to make smart investment choices that will benefit you for years. With his guidance and wisdom, you will never have to worry about taking the wrong investment step again. Learn more about Martin.