Our vaulting clients will be given full access to our bespoke vaulting database system portal on immediate activation of a vaulted account or indeed participation in Indigo’s Precious Metals Gram Savings Plan.
Contact us if you have not already been sent login access.
An Allocated Metal Account involves the secure storage of specific numbered gold, silver, platinum, palladium or rhodium bars or coins, segregated within our vaults at ‘Le Freeport’ of Singapore and held as the property of and in the name of the account holder. Allocated account customers receive quarterly statements and vault storage invoices. Customer holdings are wholly segregated.
Once the customer has made their order, the metals will be delivered into Le Freeport and we will forward on a "Delivered Inventory-In Report - Customer Copy" which comes directly from our vaulting provider themselves.
Effectively this means our storage clients are 'not' exposed to any credit or insolvency risks arising from the financial or monetary system. In fact they are not exposed even from the bankruptcy of our own company as customer holdings are segregated in their own family name.
Allocated bars may be withdrawn from storage for collection at Freeport storage facility subject to 48 hours prior notice.
Opening an allocated account is subject to the satisfactory completion of the necessary due diligence. To satisfy these requirements, we need to have evidence of identity in the form of a scanned copy of your passport, driving licence or birth certificate, (or sight of the originals at our office). We also require two items as proof of address such as a recent bank statement, stockbroker or credit card statements, utility bills or IRAS statement or property Tax bill’s.
Allocated metal is fully covered by our insurance policy held with our vault operator. Charges accrue daily (based on the value of the metal using the last available fixing price each day) and are charged quarterly in arrears.
To open an allocated account with us click on the appropriate account opening form (above) and save it to your computer. After reading our Terms and Conditions complete the form and either: email a scanned copy of the form to email@example.com or post to: IPM Group Pte Ltd, 30 Cecil Street, #19-08, PRUDENTIAL TOWER, SINGAPORE 049705 . Please remember to also submit the required identification documentation as specified on the account opening form, we do accept copies or scanned copies when sending by email.
High Security Storage
Customers segregated allocations are stored individually in sealed containers within our vault, employing the very latest high security monitoring systems including vibration-detection technology, vaults barricaded by seven-tonne doors, full body scanners, remote vault access controls, triple power redundancies, and 24/7 armed guards.
We carry extensive 'Goods in Trust' insurance; in addition and because of our company account arrangements we also hold insurance cover held by the vaulting provider as the operators of their vault itself.
Very competitive storage rates
The storage costs are charged daily. NEW DAILY charges below as of 1st October 2019
|Value Held US$ zero to 99,999||Value Held US$ 100,000 to 249,999||Value Held US$ 250,000 to 499,999||Value Held US$ 500,000 to 999,999||Value Held US$ 1,000,000 to 4,999,999||Value Held US$ 5,000,000 to 9,999,999||Value Held US$ >10,000,000|
(Mobile users can scroll the table sideways)
Example A: Sing$ 75,000 in gold bars charged at 0.40%, hence 75,000 *0.004 / 365 = Sing$ 0.822 cents per day.
Example B: Sing$ 400,000 in gold bars charged at 0.30%, hence 400,000 *0.0030 / 365 = Sing$ 3.288 dollars and cents per day.
Release Charges of metal holdings are US$ 30 (or part thereof of overall holdings). Extra charges maybe incurred due to IPM Group staff self-collection from vaults on behalf of client and delivered to the IPM Group offices in CBD Singapore.
Fast & "trouble-free" liquidity
We are always happy to buy back metal in storage with us at very competitive rates.
Quarterly statements and valuations
Each quarter we send (by post or email) a statement detailing your precise allocation of metal together with a note of storage charges
Available for Inspection
Customers are welcome to inspect metal held in storage with us at the Freeport facility in Singapore, by appointment.
Fast and efficient dispatch service if required
Customers wishing to take physical delivery of their metal allocation are assured of safe, discreet, insured courier postage.
Whether a customer is bringing metals with him/her or using a freight forwarder, the goods are coming into Singapore from another country so an import permit is required. Our vault provider needs to prepare an import permit, they require the packing list and the commercial invoice - with the brand name, quantity, value. The charges for an import permit is US$ 60 (as of 1st January 2016).
We would require a copy of your passport to submit to Le Freeport authority for security clearance (at least 24hr ahead of the visit or delivery of goods). Our vault provider at Le Freeport can accept the goods provided all the paper work are in place - i.e. you have a pre-existing account with us at IPM Group, you have a permit for the goods brought in.
Our Vaulting Provider at Le Freeport
We have taken the view that on behalf of our customers we should in fact use a 3rd party custodian, to ensure our customers are not exposed to any issues that may arise with our company.
Fully Insured - Segregated - 3rd Party Custodian
All vaulted metals are segregated, fully insured by the Underwriters at Lloyds of London, and managed by a trusted third party vaulting partner who has been in the business of safeguarding valuables for over 150 years (since 1859).
The 3rd party vaulting provider is in the business of secure logistics and security solutions offering services in more than 100 countries worldwide. They specialise in the secure transportation, handling and vaulting of precious metals and other valuables serving many of the world’s largest commercial and governmental organisations.