Gold Custodians are companies that purchase and store gold for those wishing to buy physical assets such as gold bars or ingots. There are many types of custodians from the most high profile to the most local. Some gold companies offer their services directly to the public, whereas others may only be available through brokers and/or banks.
Before doing business with any gold custodians one should research their credentials and check on their registration status with the BBB (Better Business Bureau). The BBB has a list of approved companies that can be verified by their BBB membership status. There are also a few companies that are not registered with the BBB but have a good track record and may be worth considering. Another way to verify their credibility is to check the BBB website and see what others are saying about them. In the United States, Metatrader is probably one of the best known and reputable firms but there are others.
Researching the options available for gold custodians is something that many people do not do before they commit to a specific company. Many people will find that the cheapest option may not be the best such as a broker. It is much more advisable to invest in gold with a custodian than directly through a broker as the fees that they charge will often be passed onto the investor in one way or another. It is also worth remembering that many people fail to realise their full investment potential so it is important to get an accurate analysis of how the gold will perform once in an investor’s hands.
