Understand Fees to Trade Allocated Silver

No middleman means no unnecessary fees

You’re trading directly with the source. There are no hidden charges, and we won't stick you with a commissions after you’ve placed an order. There are no middleman fees here... we don’t need them.

While there are many benefits to our broad partnerships in the precious metal industry, you probably care most about the ones that affect your wallet.


Our pricing reflects yet another advantage of trading with Elemetal Vault, and though of course there are fees involved, those fees are far fewer and far less than you will find anywhere else. Of the few fees we weren’t able to eliminate altogether, you’ll find our longstanding relationships with industry-related vendors have kept those charges as low as possible.

Normally when you buy precious metals, you’re dealing with layers of different companies, and for every layer, an additional fee is passed down to you. Not so with Elemetal Vault. We’re the refiner, the mint and the vendor all in one, so – unlike other gold and silver exchanges – we’re able to eliminate the bulk of fees normally related to trading.

Gold and Silver Pricing – Current Premiums

The minute-by-minute pricing is what makes trading precious metals so dynamic, so of course the actual cost of your trades will depend on what the market is doing at that moment. Your bid and ask prices at Elemetal Vault will be adjusted based on the current spot price and the following fees:

Buy Gold

Equal to or more than (ozt) Less than (ozt) Premium / ozt
0 20 $5.00
20 100 $4.00
100 300 $3.50
300 500 $3.00
500 1,000 $2.00

Sell Gold

Equal to or more than (ozt) Less than (ozt) Discount / ozt
0 20 ($3.00)
20 100 ($2.00)
100 300 ($1.00)
300 500 ($1.00)
500 1,000 ($0.50)

Buy Silver

Equal to or more than (ozt) Less than (ozt) Premium / ozt
0 500 $0.20
500 5,000 $0.18
5,000 25,000 $0.15
25,000 50,000 $0.15

Sell Silver

Equal to or more than (ozt) Less than (ozt) Discount / ozt
0 500 ($0.10)
500 5,000 ($0.08)
5,000 25,000 ($0.08)
25,000 50,000 ($0.05)

As you can see, the higher the bid or ask, the lower the fees. That’s due to the fact that larger orders can be processed more efficiently.

You can also see, however, that even at the lowest trade amounts our fees are still far, far less than you’ll find anywhere else. That’s because you need the resources of a national precious metal conglomerate to offer pricing like this.

Taxes

Sales tax is not applicable to any of your purchases or sales on the Elemetal Vault exchange. As always, please consult your tax professional, as your holdings may be subject to Capital Gains taxes.

Storage Fees

Storage fees are accrued daily and charged monthly. Unlike elsewhere, however, we don’t apply minimums. You pay only to store the gold and silver you own throughout the month, and fees only begin when your metal is in the vault, so you aren’t charged to store metal that’s in transit.

Our storage fee structure is based on annual rates of:

  • Gold - $1.50 per ounce per year
  • Silver - $0.08 per ounce per year

So if, for example, you store 30 oz of gold in a month, your monthly storage fee for that gold would only be $3.75. One month of storage for 500 oz of silver? Just $3.34.

As you can see, you have to store significant quantities of gold and silver before you even begin to notice your storage fees. That’s thanks to the relationships we’ve built with secure storage providers, allowing you to benefit from the best possible pricing.

Your storage fees will automatically be charged to your Elemetal Vault account each month. If, for whatever reason, your account balance does not cover your current storage you will be charged late fees, which will accrue at a rate of 5% per month, or $15 whichever is greater. You can easily avoid these fees, however, by adding funds to your account or selling some of your metal.

Fees Associated with Liquidation - Wire Transfer and Delivery Pricing

When you choose to liquidate your investments as metal or funds, there will be minor fees associated. Thanks to our network of partnerships, however, we have been able to limit those fees substantially.

Wire Transfer - There are no fees associated with funding your Elemetal Vault account via wire transfer, but should you choose to liquidate funds utilizing that method a $25 fee will be applied.

Physical Withdrawal and Delivery Fees - There are minimal charges to withdraw bullion from Elemetal Vault. These charges cover the cost to fabricate the bullion of your choice as well as the market premium. The most you will ever pay for delivery is $30, which only applies to orders totaling less than 30 ozt of gold or 500 ozt of silver.

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Elemetal Vault: Premium Bullion Vault Storage Services

Silver & Gold Bullion Vault Storage

Store your precious metals, gold, and silver in a secure bullion vault storage. With Elemetal Vault, we partner with the most trusted secure vault facilities in the world to keep your investment safe. When you purchase gold and silver on the Elemetal Vault bullion exchange, you own the metal, it is yours to hold or sell, even as it's in transit to the vault. Your metal belongs to you until you choose to sell it or settle your account using one of our versatile settlement options.

Robust Silver & Gold Trading Platform

We encourage you to explore our site and learn more about our bullion vault storage and precious metals trading services: