For centuries, London has been the central hub of the global gold trade. And it is still home to the international market standard for precious metals. Soon, you will also be able to store your physical gold or silver here through GoldRepublic: in an external, independent vault in the United Kingdom, completely free of VAT. This storage location is attractive to investors who want to diversify their holdings into a jurisdiction outside the EU, without compromising on professional custody.
London stands out for its history, market depth and distinct jurisdiction. These are the key benefits of storing gold or silver bullion in the English capital:
London has traditionally been the centre of the global gold and precious metals trade. It's no coincidence that the institutions setting international pricing and quality standards are based here.
London is home to one of the most liquid precious metals markets in the world, with a long tradition of professional vault storage. Your holdings are therefore kept in an environment fully equipped for large-scale, long-term storage.
If you already store with us in, for example, Amsterdam, Zurich or Frankfurt, London adds something those locations don't offer: a distinct jurisdiction outside the European Union. This way, you diversify not only across countries but also across jurisdictions. What's more, you pay no VAT on the purchase and storage of silver or gold bullion in London.
Once in the vault, your holdings remain under independent oversight. The periodic physical inspection is carried out by Alex Stewart International (ASI), a globally recognised authority in precious metals auditing. ASI verifies and certifies that each bar precisely meets the specified requirements and weights. The inspection is independent of both GoldRepublic and vault custodian Loomis, and is therefore carried out entirely impartially.
Once London opens as a vault location, you will find the bar allocations of all GoldRepublic clients here, based on their anonymous nickname. In that overview, you can then check that all the precious metal is present in the vaults and that no more grams have been allocated to a bar than its total weight. The transparency we offer at GoldRepublic is unique and rare in the gold market.
Would you like to see what such an inspection looks like already? Take a look at the Amsterdam vault inspection as an example. London's own vault inspection page will become available once the location has opened.
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When you invest in gold or silver bullion and store it in London, transport of your precious metals is handled by one of the renowned market leaders GoldRepublic works with: Brink's or Loomis.
The carrier ensures your precious metal is transported directly from the refinery under military security protocols. The bars are then securely stored in vaults managed by Loomis.
The vault is designed for the long-term, large-scale storage of precious metals under strictly controlled conditions. As with all our locations, GoldRepublic deliberately chooses an external party rather than its own vault, so that storage remains independent.
You can count on:
The fees for storing bullion in London are calculated as a fixed annual percentage of the current value of your bullion. This is pro rata and is invoiced monthly in arrears.
External, independent custody typically costs slightly more than storage with providers that have their own vaults. This is the price of demonstrable independence and the integrity of your wealth.
per year for gold
per year for silver & platinum
Insurance against theft and damage is included in the storage fees.
For the storage of your bullion in London, GoldRepublic works exclusively with renowned, international partners. Each partner has its own role in the chain: from transport and storage to independent inspection and insurance. Click on a partner for more information.
As a vault location, London is of interest to anyone seeking diversification outside the EU. You store your gold or silver in a jurisdiction of its own alongside any EU locations.
Yes, all gold and silver purchased through GoldRepublic and stored in London is fully insured from the moment of purchase against theft, loss and physical damage.
Because you buy physical bullion 100% in your own name, you remain the owner. Your holdings sit off the balance sheet of GoldRepublic and of the vault custodian, which means your wealth remains protected and claimable even in the event of a bankruptcy of these parties. On top of that, you can sell gold or silver at any moment you choose.
The United Kingdom lies outside the EU, but just as throughout the EU you pay no VAT on investment gold there either. Nor do you pay VAT on silver that you buy through GoldRepublic and have stored in London. You do have to declare your investment gold or silver in your tax return as a UK taxpayer, regardless of the country in which it is stored. We are not tax advisers; for your own situation, please contact our customer service or a tax adviser.
You will find the address of the vault location in the official inventory lists of the independent vault custodian. Through the public vault audit you can also verify for yourself that your gold or silver is present and correctly allocated.
Through the public vault audit you can verify anonymously that your bars are present and correctly allocated. In addition, an independent external auditor periodically checks the physical contents of the vault and reconciles them with the records.
The United Kingdom lies outside the EU, but just as throughout the EU you pay no VAT on investment gold there either. Nor do you pay VAT on silver that you buy through GoldRepublic and have stored in London. You do have to declare your investment gold or silver in your tax return as a UK taxpayer, regardless of the country in which it is stored. We are not tax advisers; for your own situation, please contact our customer service or a tax adviser.
Changing your storage location is possible in many cases, for both gold and silver. This always runs through our customer service and involves additional costs. Please get in touch to discuss the options for your situation.
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