The Living Force
My company does offer storage to high-net-worth and institutional investors, but due to the risks associated with unallocated programs I felt that it would be inappropriate for a company exalting the benefits of physical ownership to operate one. Instead, Maple Leaf Metals Exchange offers storage on a fully-allocated basis. Bars are numbered and registered in the name of the buyer and not held on our own balance sheet so there is no risk of loss to the investor in the event that MLME meets an untimely end. We are simply acting as your custodian.... All bullion held in our allocated storage program is fully insured in the event of loss due to fire, theft or other risks.
What "other" risks would those be one can wonder - Hmmm.
Bed bugs? Street walkers in his building melting the gold into teeth? Dunno...when you have gold in a ghetto, the possibilities are endless.