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IPFS News Link • Gold and Silver
Money Metals Opens Idaho-Based Gold Depository Larger Than Fort Knox
• https://www.activistpost.comAfter three years of planning and construction, Money Metals has opened its state-of-the-art 37,000-square-foot vaulting and fulfillment facility in Eagle, Idaho.
Nestled into the base of the Boise Foothills, Money Metals' high-security gold and silver storage compound cost $28 million to construct, has the capacity to hold upwards of $100 billion in gold and silver, and can be further expanded 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 an extremely secure location for individuals, businesses, family offices, governments, and financial institutions across the globe to store high-value precious metals assets.
Embedded into the facility are 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 the highest standards of integrity and protection.
Money Metals' Class 3 vault is the largest in North America, providing nearly 9,000 square feet in ultra-secure storage space, more than twice the capacity as the United States Bullion Depository at Fort Knox, Kentucky. (Class 3 is the highest possible vault rating possible in accordance with Underwriter's Laboratory (UL) standards.)
Stefan Gleason, President and CEO of Money Metals, said the new depository will further underpin the upward growth 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," said Gleason.