Idaho-Based Gold Depository Opens

This month, Money Metals has opened its state-of-the-art 37,000-square-foot vaulting and fulfillment facility in Eagle, Idaho. The high-security compound cost $28 million to construct, can hold upwards of $100 billion in gold and silver, and can be expanded to up to 60,000 square feet.

Built on a 3.2-acre lot adjacent to city and county police and emergency services, the new depository offers a secure location for customers around the globe to store high-value precious-metals assets. The location offers advanced security measures, around-the-clock monitoring, secure access controls, a security team composed of armed former law enforcement and military personnel, and third-party audits and insurance to ensure top-notch service and protection.

Money Metals’ Class 3 vault is the largest in North America. It has twice the capacity as the United States Bullion Depository at Fort Knox, Kentucky. (Class 3 is the highest possible vault rating in accordance with Underwriter’s Laboratory [UL] standards.)

Money Metals

Money Metals offers low-cost storage options for bullion coins, rounds, ingots, and bars with comprehensive protection against theft, loss, and damage—and robust insurance backed by Lloyd’s of London. Storage through Money Metals’ depository is generally more cost-effective and secure than safe-deposit boxes, other storage facilities, and personal home safes.

According to Stefan Gleason, president and CEO of Money Metals, the new depository signals the impressive trajectory Money Metals has achieved in recent years. “Because we’ve made the process to buy, sell, and/or store precious metals so seamless, Money Metals is now able to handle the transactions, storage, and other needs of hundreds of thousands of customers each year,” says Gleason.

To learn more about the company, including their monthly purchase plans and IRA assistance, visit its website.