The Western United States now has its very own Fort Knox, only substantially larger.
After 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.
Security
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.)
Interview with Stefan Gleason
Stefan Gleason, President and CEO of Money Metals, said,
“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.”
Since its founding in 2010, Money Metals has expanded dramatically over time, establishing itself as one of the leading precious metals dealers in the U.S. and conducting nearly $5 billion in transactions to date.
A family-owned business, Money Metals began as a tiny operation with a single employee located in the historic Eagle Hotel and has since grown into an internationally recognized precious metals dealer with 100 employees. Money Metals currently delivers as many as 40,000 gold and silver orders each month and has already served nearly 750,000 customers in North America.
Need regular janitorial services for your office in Eagle, Idaho?
“The need for this massive new depository is a testament to the significant and growing demand for physical gold and silver coming from Americans who seek refuge from the deliberate federal policy of currency debasement,” observed Gleason.
With its extensive product inventory, fast shipping, superior customer service, and high-volume sales, Money Metals has been named Best Overall Online Precious Metals Dealer by Investopedia multiple times and has maintained an A+ rating by the Better Business Bureau (BBB). Money Metals offers low-cost storage options for bullion coins, rounds, ingots, and bars with comprehensive protection against theft, loss, and damage – and robust insurance backed by Lloyd’s of London. Storage through Money Metals Depository is generally more cost-effective and secure than bank safe deposit boxes, other storage facilities, and personal home safes.
Mike Gleason, a Director at Money Metals, remarked, “Our new state-of-the-art depository is truly one of a kind. This project was years in the making and has finally come to fruition. It’s something about which we are extremely proud.”
The vision behind this massive facility was driven by the observation that “most of the legacy depositories are poorly run, plagued by slow processing times, high costs, and limited customer service. We realized there was a big opportunity to do things better and capture market share.” Gleason added, “We’re able to offer an array of services to precious metals investors in a seamless manner, all under one roof.”
The depository is expected to impact the local community positively by creating additional employment opportunities and bringing prestige to the area. “While our focus is national in scope, we already serve thousands of Idaho and Treasure Valley gold and silver investors seeking a secure and high-class operation with which to do business,” Gleason said.
Looking ahead, Gleason noted, “We see lots of growth coming in the precious metals market as well as general awareness of how gold and silver are useful as financial insurance. Money Metals is now extremely well positioned to serve the needs of individuals, businesses, family offices, governments, and financial institutions.”
For new investors considering precious metals as part of their portfolio, Gleason advises, “With the Federal Reserve note dollar being devalued systematically through runaway federal spending, debt monetization, and money printing, Americans would be well served to diversify some of their savings into gold and silver bullion so long as they avoid high-markup ‘collectibles’ and focus on bullion priced near the ‘melt value.’ The monetary metals serve as a time-tested hedge against inflation and financial turmoil, and an allocation to physical gold and silver tends to increase overall risk-adjusted returns in an investment portfolio over time.”
In addition to buying, selling, and securely shipping or storing precious metals, Money Metals offers monthly purchase plans and assists with Individual Retirement Accounts (IRAs), allowing investors to include physical precious metals in their retirement portfolios. Meanwhile, Money Metals is a leading news and education hub in the precious metals space. The company also offers collateralized loans and leads sound money public policy efforts across the United States.
Thank You
The construction project involved key partners who contributed to the project’s success. Wright Brothers Construction Company served as the general contractor, while Zions Bank provided financing. Other notable vendors and industry specialists involved in the project include Erstad Architects, Integrated Security Resources, The Land Group, Musgrove Engineering, Global Risk Evaluations, American Special Risk, American Vault Corporation, and Lloyd’s of London.
