Anglo Far East Bullion- Review

By Goldstockmania.com

Not too long ago, I received a request to do a review on Anglo Far East Bullion as a potential option for gold/silver allocated storage.  Per the request, I have done some digging and would like to report my findings. First of all, I do not and have not used the storage services of Anglo Far East Bullion. However, based on my findings thus far they seem to be a legitimate option for gold/silver storage. I have not been able to dig up any dirt or any reason someone should avoid using them for allocated storage of their gold/silver, in fact, it is quite the opposite.

Anglo Far East Bullion seems like a good solution for those seeking extreme privacy and are looking to hold a substantial amount of silver or gold. Which can be problematic to do so safely at home, a bank, or even a relative’s place.  I would personally avoid holding any gold or silver in any bank! If you want to diversify and minimize your risk, it makes sense to spread it around at carefully chosen locations that have a history of respecting property and privacy.  Also, I would want the storage facilities to have rigorous security and 3rd party auditing.  Insurance and reasonable fees are to be expected with any of the companies chosen to hold my gold or silver.  Lastly, I like to always see some sort of recommendation from at least one of the industry veterans for additional confidence before proceeding.  Anglo Far East Bullion meets all of my requirements.

“Never buy a “pool” account of unallocated silver.  Never let others hold your silver, either in allocated or unallocated form……Maybe you can invest a little bit into allocated silver; as a way to diversify the location of your physical silver.  Two companies I would trust (but do not use) are goldmoney.com and the Anglo Far East Bullion Company; they will hold silver for you in allocated form….”

-Jason Hommel src: How to Buy Silver, & Avoid Getting Scammed

Before proceeding with them you should of course do your own due diligence.  You should also understand your strategy for securing your physical gold/silver storage.  One of the things to consider is, how much do plan to hold? Anglo Far East Bullion has a minimum amount to open an account of US $50,000. Anglo Far East prefers servicing higher end customers looking to make substantial gold/silver purchases although they do have an unadvertised account minimum of US $5,000 too.  If you do not fit into the higher end, don’t worry about it too much as there are other viable storage options that cater to smaller investors too.  For the one I use, you can see my review here.

WHAT IS THE MINIMUM AMOUNT REQUIRED TO CREDIT MY BULLION ACCOUNT?
For bullion accounts, AFE has a minimum account guideline of $50,000 USD.

src: Anglo Far East Bullion – FAQ

You can read more about Anglo Far East in the February 2009 issue of DGC Magazine where David Morgan interviews them.

This entry was posted on Tuesday, March 2nd, 2010 at 9:19 am and is filed under Archived. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.