Twisted Titan
3rd April 2011, 05:23 PM
Perth Mint to End Free Silver Storage
From the Desk of Peter Schiff
Dear Investor,
For years, Euro Pacific Capital has offered clients the benefits of offshore purchase and storage of precious metals through the world-renowned Perth Mint Certificate Program (PMCP). The Mint's "unallocated silver account," in which purchasers buy and hold silver bullion while paying no storage fees, has been one of the most inexpensive ways to invest in physical silver.
Unfortunately, the Perth Mint has become a victim of its own success and has found itself holding too much unallocated silver. So, it has decided to discontinue the program as of May 1st of this year. Fortunately, any holdings purchased before that deadline will be "grandfathered" in - meaning free storage until you decide to sell. (This applies to unallocated silver holdings you may already own at Perth, and any you buy before May 1st.)
I'm writing this notice to alert you of the deadline to lock in free storage when purchasing unallocated silver through the Perth Mint Certificate Program.
If you are interested and do not already have a PMCP account, please call 800-993-8350 and ask for Matt or Danielle Psarras today. (See note "A" below.) If you already have a PMCP account, contact your PMCP broker at 800-993-8350 if you wish to add to your holdings before May 1st. (See note "B" below.)
Once again, April is the last month the Perth Mint will offer free storage of silver bullion - no exceptions. As of May 1st, the least expensive way to store silver at the Perth Mint will start at 0.95% per year. For an investment of $100,000, you could end up spending over $10,000 in storage over ten years - and more if the dollar value of your silver rises. So, visit our website, do your research, but please don't hesitate should you decide to lock in free silver storage at the Perth Mint.
I believe that US investors should hold at least 5-10% of their portfolios in physical precious metals. As the US government confronts its decades of reckless spending and money-printing, it may turn to extreme measures like confiscatory tax rates or asset seizures to pay its bills, and you may wish to have some savings stored abroad. Even if it never comes to that, the Perth Mint Certificate Program is a competitively priced storage option for those who don't want to hold all their bullion at home.
Of all the overseas storage locations, I chose the Perth Mint for its long history, stellar reputation, and location in one of the world's most attractive economies. Australia is a low-debt country with a dependable legal system. The Mint itself has been in operation since 1899 and is owned by the Government of resource-rich Western Australia.
Given its location, reputation, and competitive pricing, it is surprising that Perth Mint has waived storage fees for its unallocated silver for so long. Unfortunately, the free lunch is over. That's why it's so important for those looking to purchase unallocated silver to lock in free storage before May 1st.
I believe silver should benefit in dollar terms as the Fed's massive inflation circulates around the world economy, and will likely benefit in real terms as industrial and jewelry demand grow from emerging markets. The Perth Mint Certificate Program is a reliable way to hold silver securely overseas.
This is not a promotion or a sale. Once the Perth Mint stops offering unallocated silver, I do not expect them to start again. I hope you'll take action today to help secure your assets for tomorrow.
Cordially,
Peter Schiff
CEO & Chief Global Strategist
Euro Pacific Capital
From the Desk of Peter Schiff
Dear Investor,
For years, Euro Pacific Capital has offered clients the benefits of offshore purchase and storage of precious metals through the world-renowned Perth Mint Certificate Program (PMCP). The Mint's "unallocated silver account," in which purchasers buy and hold silver bullion while paying no storage fees, has been one of the most inexpensive ways to invest in physical silver.
Unfortunately, the Perth Mint has become a victim of its own success and has found itself holding too much unallocated silver. So, it has decided to discontinue the program as of May 1st of this year. Fortunately, any holdings purchased before that deadline will be "grandfathered" in - meaning free storage until you decide to sell. (This applies to unallocated silver holdings you may already own at Perth, and any you buy before May 1st.)
I'm writing this notice to alert you of the deadline to lock in free storage when purchasing unallocated silver through the Perth Mint Certificate Program.
If you are interested and do not already have a PMCP account, please call 800-993-8350 and ask for Matt or Danielle Psarras today. (See note "A" below.) If you already have a PMCP account, contact your PMCP broker at 800-993-8350 if you wish to add to your holdings before May 1st. (See note "B" below.)
Once again, April is the last month the Perth Mint will offer free storage of silver bullion - no exceptions. As of May 1st, the least expensive way to store silver at the Perth Mint will start at 0.95% per year. For an investment of $100,000, you could end up spending over $10,000 in storage over ten years - and more if the dollar value of your silver rises. So, visit our website, do your research, but please don't hesitate should you decide to lock in free silver storage at the Perth Mint.
I believe that US investors should hold at least 5-10% of their portfolios in physical precious metals. As the US government confronts its decades of reckless spending and money-printing, it may turn to extreme measures like confiscatory tax rates or asset seizures to pay its bills, and you may wish to have some savings stored abroad. Even if it never comes to that, the Perth Mint Certificate Program is a competitively priced storage option for those who don't want to hold all their bullion at home.
Of all the overseas storage locations, I chose the Perth Mint for its long history, stellar reputation, and location in one of the world's most attractive economies. Australia is a low-debt country with a dependable legal system. The Mint itself has been in operation since 1899 and is owned by the Government of resource-rich Western Australia.
Given its location, reputation, and competitive pricing, it is surprising that Perth Mint has waived storage fees for its unallocated silver for so long. Unfortunately, the free lunch is over. That's why it's so important for those looking to purchase unallocated silver to lock in free storage before May 1st.
I believe silver should benefit in dollar terms as the Fed's massive inflation circulates around the world economy, and will likely benefit in real terms as industrial and jewelry demand grow from emerging markets. The Perth Mint Certificate Program is a reliable way to hold silver securely overseas.
This is not a promotion or a sale. Once the Perth Mint stops offering unallocated silver, I do not expect them to start again. I hope you'll take action today to help secure your assets for tomorrow.
Cordially,
Peter Schiff
CEO & Chief Global Strategist
Euro Pacific Capital