UPDATE 06/01/2025
We want to inform you of a recent development that has impacted the sell prices of certain gold and silver investments, specifically Canadian Maple Leaf coins stored in our Singapore and Toronto vaults.
Due to newly implemented international tariffs, a 2.5% tariff is currently being applied to these coins when sold from international vaults. This change has directly influenced the sell prices you may see reflected in your account.
As always, buy and sell prices are driven by market supply and demand. However, these new tariffs have temporarily affected international vaulting services, and we are now required to include this 2.5% tariff in the sell price. This ensures full transparency, so you're aware of the net amount you would receive should you choose to sell from your international vault.
While your metals remain secure and fully accounted for, we currently recommend waiting out the tariff situation if you are not in immediate need of liquidity. You always have the option to request physical delivery to your door, but please note that doing so may also subject you to the same tariff-related costs.
Rest assured, your precious metals remain safe and secure. Given the current market conditions, we recommend holding off on selling at this time to avoid unnecessary fees. Our team is closely monitoring the evolving situation and actively advocating for tariff exemptions on your behalf.
Thank you for your continued trust.
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