In December 2011, I visited Miles Franklin’s fledgling PM storage
operation with Brink’s Canada
in Montreal, Quebec. Nearly two years in the making, we created what we
viewed as the industry’s finest such program –
finally accepting shipments. We had less than five clients when I last
entered the vault, but the future appeared bright.
At “MILES FRANKLIN, PROTECTION
PROVIDER,” we investigate all avenues in the pursuit of
safeguarding clients’ financial well-being; and this was our proudest
achievement. Subsequently, I summarized the experience in…
“CANADIAN BULLION STORAGE – THE
SOUND OF SMART”
As I watched the operation grow, I realized it was the best option for
my personal PM
holdings. It took years
to reconcile the concept of third-party storage with my ultra-skeptical mind;
but once I realized the benefits – and gained TRUST in Brinks’ personnel – the decision
was simple. Thus, in October 2012, I announced my decision to utilize
the program for my own gold
and silver…
“BREAKING NEWS”
Just 14 months later, our Brink’s
storage program is dramatically
larger; and I expect this rate of growth to increase in the coming
years. There are too many reasons to NOT consider safeguarding one’s life’s savings; and given
the advantages this program possesses, it’s difficult to imagine a better
option. In fact, the amount
of viable alternatives is rapidly
decreasing; as last week’s ViaMat
announcement – that it’s abandoning U.S. customers – attests…
“RAMIFICATIONS OF VIAMAT PM BULLION
STORAGE ANNOUNCEMENT”
Last weekend, I traveled with Andy Schectman
– Miles Franklin’s President; and Joel Kravitz,
creator of the Brink’s Montreal
program; to observe our quarterly audit – the FIRST including an independent
auditor.
I was amazedto see how sophisticated the
operation had become; utilizing updated technology,
communication,
and auditing processes.
In a matter of hours, EVERY OUNCE of client holdings were counted; whilst a
handful of armed guards and management personnel stood by.
The independent auditor viewed the accounting for each customers’ metal; including my own, Andy Schectman’s, and David Schectman’s.
Working for INSPECTORATE – a division of Bureau Veritas
Group; he has audited vaults for nearly every type of
financial institution imaginable. Operating in 140 countries, INSPECTORATE is a worldwide leader in independent auditing…
Bureau Veritas
Group – Locations
Following this visit, I was more convinced than ever that our hard
work had paid off. Miles Franklin’s partnership with Brink’s is blossoming; and
clients worldwide
are benefiting from the safety,
efficiency, and cost-effectiveness of this
unique operation. For further information, give us a call; or view
details at www.preciousmetalstorage.net; or via the
Fact Sheet below:
Miles Franklin Precious Metal
Storage Fact Sheet
Read
the Friday Afternoon Wrap-Up for 3/1/2013 and the Monday Morning Commentary
for 3/4/2013
