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Brinks Depository Review: Is It a Reliable Storage Provider?7 min read

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Have you invested in precious metals or other assets and now want to find the most reliable and resourceful storage provider? Here’s a review of an option you can find out there!

Whether you want to protect your gold coins or the assets you purchased for your retirement accounts from being stolen or getting lost, Brinks has some services you might consider. However, there are still some questions you need to answer before choosing this alternative.

Is this precious metals storage provider for you? Could Brinks Depository be the solution you need to have peace of mind after investing in a gold or silver self-directed IRA account? Find the answers here!

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Before making a decision on whether to choose this option or not, you should analyze a little the company background. Many know Brinks because it’s considered the leading service provider in industries of logistics, ATM services, and high-value transportation.

Actually, you have probably seen one of Brink’s Global Services vehicles leaving a bank or financial institution, as it’s a recurring choice for those who need cash-in-transit or cash management solutions.

The company operates in 53 countries! However, besides offering security services and transportation of valuables, it’s a trustworthy storage provider. Brinks Depository is a facility where you can safely store your valuable assets, including precious metals.

Like other companies that focus on single-site security, Brinks Depository has vaults managed by integrated software systems around the world and offers different storage options in different locations. In other words, you can choose to have your assets stay in any city you want!

However, the company says that it doesn’t mean you should worry about security, as each vault is protected by guards and armored vehicles that make sure customers’ assets remain protected.

In addition, Brinks Depository takes full liability for the stored valuables, which means customers can receive compensation if items are lost, damaged, or stolen.

Brinks Background

Pros of Choosing Brinks Depository

If you choose this IRS-approved repository to store your precious metals or other assets, these are some of the benefits you can enjoy:

  • The company takes full liability for damages or losses related to your stored goods

  • Easy access to your precious metals or other assets

  • Fast deliveries in different locations, whether you buy precious metals or jewelry

  • Easy management and monitoring of inventories through user-friendly websites

  • Practices in compliance with the laws imposed by the federal government

  • Industry-standard weighing practices to benefit customers

Cons of Choosing Brinks Depository

However, while using Brinks can be very beneficial for most investors, there’s one downside to be aware of if you plan to choose this storage provider: its prices can be quite high.

Services Brink Depository Offers

Another thing that makes Brinks Depository an excellent option for those looking for storage solutions for precious metals is its extensive range of services, which includes the following:

Storage for a Precious Metals IRA

Did you find the right Gold IRA company but still don’t know where to store your high-value precious metals? Brinks Depository could be a great choice. This company offers storage services for precious metal IRAs as long as the goods are eligible under IRS parameters.

Whether you’re opening a new precious metal IRA or the company you’ve chosen has allowed you to roll over funds to your existing IRA to purchase precious metals (Birch Gold Group is one of them), this depository’s services can give you the peace of mind you need when protecting your investments.

Storage for Valuables and Private Assets

Brinks Depository is also a reliable option for storing private investor assets and other valuables. Each of its vaults promises enhanced security and is guarded by trained security guards to ensure all goods are protected around the clock.

However, despite the maximum level of security, Brinks went to great lengths to ensure that access to assets is easy for all customers. Additionally, most of the company’s vaults are located near police departments. Therefore, you can be sure that your valuables will be protected against theft or loss all the time.

Logistic Services

In addition to precious metal storage services, Brinks Depository offers versatile door-to-door logistics. In other words, you can hire this company if you need to transfer your assets to another location. You can choose if you want the shipment to be sent by sea, land, or air.

Inventory Management

Brinks understands its consumers’ concerns and is also known for providing customized storage with a state-of-the-art tracking system. You can receive reports on your precious metals, shipments, and deliveries to have full control of your assets.

Shipping Services

If you choose Brinks’ shipping services to transport your precious metals to another location, you can receive real-time updates on the shipment status, inspections performed, and other valuable data.

Why Choose Brinks Services

Brinks is an IRS-approved depository you can trust for multiple reasons. Besides having a good reputation throughout the industry, this company offers state-of-the-art facilities and first-class security protocols to ensure that your assets are safe.

Do you want to know if this is the best option to store your precious metals? Here are some factors why Brinks vaults might be the best option for you:

Segregated Storage

Brinks offers storage options for all types of customers. If you want your precious metals to be stored in different vaults and not mixed with other clients’ assets, you can select the segregated alternative!

Co-mingled Storage Options

However, if you want your valuables to be stored together with other customers’ precious metals because you want to save a bit, you can choose the co-mingled storage option.

Comprehensive Logistics and Security

Brinks also promises a comprehensive security and logistics service, ensuring that your items are safe and under the highest level of security when in custody or distributed.

Positive Reviews from Other Clients

If you want to know what others think about Brinks and do a search on the Internet, you can also find that this company has received a lot of positive reviews, which means that their past clients fully trust the service and had a good experience with this depository!

License to Operate

Do you want to be completely sure that a precious metals depository operates well and guarantees that your stored assets are protected? If so, you should check if it’s authorized and qualified. Fortunately, Brinks meets all the criteria, as it has certifications and licenses. In addition, the company complies with tax laws.

High-quality Customer Service

Finally, there is their customer service. Determining whether a storage provider is trustworthy also depends on how its employees and representatives treat you.

This company has invested in its customer service and has agents prepared to provide advice on the precious metals industry, handle all issues professionally, solve customer complaints, and answer any questions you may have.

Brinks vs Delaware Depository: Which Do Gold IRA Companies Trust More?

Brinks and Delaware Depository are among the storage options that the Gold IRA companies with the best rates by the Business Consumer Alliance choose to partner with for storing precious metals, but that’s no coincidence. Both providers offer multiple services with segregated and co-mingled storage alternatives to meet the needs of all their customers.

Do you want to choose how and where to keep the assets you bought when investing in your retirement accounts? Both companies also have many benefits to offer, as you can decide if you want your gold bars to be stored with other people’s goods or alone.

Since both are backed by the best Gold IRA companies, choosing which one is the right option can be a bit difficult. However, before making a decision, you must define exactly what you need. Are you looking for a storage service provider for Gold IRAs with locations all around the world? If so, Brinks is the ideal choice.

Additionally, both Brinks and the Delaware Depository have defined best-in-class practices for tracking which precious metal belongs to which owner and avoiding mixing them up.

If you had a traditional IRA and found a trustworthy company to roll over your funds and buy precious metals, both can be good choices as they make sure your assets are safe until you decide to liquidate or remove them.

However, you should keep in mind that Brink’s services are more expensive. If you have a Gold IRA with rare gold or other precious metals and want these items to be held alone, you may have to pay much higher annual fees.

About 

Edwin Cannon has spent his entire career in the financial industry and specializes in alternative investments and surviving marketing turbulence. He started My Retirement Paycheck to help educate consumers about retirement investment options that aren't typically introduced by advisors.