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Message:: [QUOTE="Blissskr, post: 1747102, member: 34882"]Why pay someone a storage fee to hold your bullion for you and also pay them again when you take delivery? They require a minimum of 20 oz of silver or one oz of gold for you to take delivery anyway, so wouldn't it be much easier to simply buy the bullion yourself and not pay any fee's. I can't see why someone would want to pay someone else ? Just hold onto your funds yourself then buy instead of giving someone else a profit for essentially doing the same thing anyways. I mean you'd be paying 3.49% over spot price each oz until you've invested 100k with them and that doesn't include your monthly storage costs and transaction fee's, etc. Basically programs like this imo are designed simply to make the owner/operator profits not to help others. Not to mention if they went under you'd be pretty much SOL if you had a good amount of bullion in your account as they store your account mostly as bullion owned only not as a cash account. What is not insured by the FDIC?<ul> <li>Contents in a safe-deposit box</li> <li>Money market mutual funds</li> <li>Annuities</li> <li>Stocks</li> <li>Bonds</li> <li>Treasury securities</li> <li>Any investment product whether purchased through a bank or a broker/dealer</li> </ul>[/QUOTE]