Delaware Depository’s New Nevada Facility
For over 20 years, Delaware Depository has safeguarded and securely shipped precious metals bullion assets held in individual and commercial customer accounts. These services have been significantly enhanced by way of a new storage option for Delaware Depository customers.
In February 2022, Delaware Depository opened its new Silver State facility in Nevada. Customers can store their precious metals assets in this state-of-the-art facility that fully accommodates gold, silver, platinum and palladium coins and bars.
Delaware Depository chose this location because Nevada is a business and regulatory friendly state, and this new facility is next to a major metropolitan distribution hub. This location also provides the benefit of geographic diversification in having physical bullion holdings stored in Delaware and also in Nevada.
This location is a full-service facility just like Delaware Depository’s east coast headquarters. It accommodates both segregated and non-segregated storage, as well as all types of metal movements including incoming and outgoing packages, transfers, and armored carrier deliveries.
The building is heavily fortified with multiple layers of physical barriers and utilizes the newest industry leading surveillance technologies and monitoring. These layers of security are modeled after the same “defense of depth” internal controls that have continuously kept bullion secure at Delaware Depository’s other safekeeping facilities for over two decades. Beyond the internal controls, bullion held in the Nevada facility is insured against theft, loss, or damage under Delaware Depository’s $1 billion “all risk” insurance policy.
“We’ve listened to our customers and are committed to providing exceptional service,” said Jon Potts, Managing Director of Delaware Depository. “Our customers have embraced our initial west coast expansion 4 years ago and this new facility will bring them even more service capabilities. The new facility is much larger than our existing west coast operation and provides the benefits of geographical diversification, better distribution, and the latest in high-tech security.”