BuySilverMalaysia Storage Program (BSP)
A SAFE HAVEN IN STORMY TIMES
BuySilverMalaysia Storage Program (BSP) lets you purchase Silver and Gold from us and have them stored on a segregated and allocated basis in our secure storage facilities. You have the option to sell off or withdraw your holdings at any time. The program offers the following specific advantages:
BuySilverMalaysia Storage Program (BSP) lets you purchase Silver and Gold from us and have them stored on a segregated and allocated basis in our secure storage facilities. You have the option to sell off or withdraw your holdings at any time. The program offers the following specific advantages:
- Storage in non-bank regulated, top-tier secure storage facilities.
- Low storage fee, pay for what you store only.
- Option to liquidate your Silver & Gold at preferred rate.
- Detailed online statements, including photos and weight.
- Full insurance coverage at no additional cost.
- Peace of mind from dealing with BuySilverMalaysia, a company trusted by thousands of Gold and Silver buyers.
- Allocated storage: Photo as proof of Storage.
- Never have to worry on the shipping and receiving arrangement of your investments.
"Protected, Allocated and Easy to Use"
Seamlessly Integrated and Transparent
^ Upon signing up with BSP, your parcel will be directly allocated to your BSM's user account. You will be able to view your parcel when you login to your BSM account.
^ Each parcel have unique identification and details are stated out clearly in your BSP account. You have the option to print out a downloadable hardcopy for your personal reference and safe keeping.
^ Example of a PDF downloadable Customer Storage Summary which includes important details such as duration of storage, ownership and nominee with photo identifications of your storage items.
^ Parcel identification includes barcode and matching serial number of your gold or silver bar. This further strengthen the transparency of BSP's storage service.
Price Structure
Storage fees are applicable on the following basis:
BSM Storage Program Fee Structure
| Item | 100 days | 1 Year | 3 Years |
|---|---|---|---|
| Gold
(price per gram) |
RM 0.90 | RM 1.90 | RM 4.30 |
| Average RM 0.270 / mth | Average RM 0.158 / mth | Average RM 0.120 / mth | |
| Silver
(price per oz) |
RM 0.90 | RM 1.60 | RM 4.00 |
| Average RM 0.27 / mth | Average RM 0.134 / mth | Average RM 0.11 / mth | |
| Or Minimum Fee | RM 75.00 | ||
- An administration fee of RM30.00 will be charged for the first storage program with BSM (One time fee). Subsequent storage program will not be charged this administration fee.
- You can request to view the item free of charge for the first time, within 30 days. Subsequent viewing will be charged RM50.
- The minimum storage fee is RM75. This means that by the above calculation, if the storage fee amounts to less than RM75 from the specified storage period, you will be charged RM75 in that period.
Example BSM Storage Program Fee Calculation
| Item | Weight | Duration | Storage Fee | Total Price |
|---|---|---|---|---|
| 2 piece of
PAMP Suisse 100g Gold Bar |
200 gram | 100 Days | RM 0.90 / gram | RM 180.00 |
| 1 piece of
Royal Canadian Mint 10 oz Silver Bar |
10 oz | 1 Year | RM 1.60 / oz | RM 16.00
(Min charge: RM75.00) |
| 5 pieces of
Scottsdale Silver 10oz Stacker |
50 oz | 3 Years | RM 4.00 / oz | RM 200.00 |
Opening BuySilverMalaysia Storage Program (BSP) Account
- To start storing your Silver and Gold with BuySilverMalaysia Storage Program (BSP) account, call +603-8080 9388 or email us at admin@bsm.my to ask about the BuySilverMalaysia Storage Program (BSP).
- Attach a photocopy of Malaysian IC (MyKad) or Passport - Front & Back for identification purposes.
- There are no minimum purchases required to join BSP, customer can begin even with 1 oz but the minimum fee applies.
- Please contact us in advanced for this storage service due to limited availablity.
Storage Policy
Know more about storage policy. Please click here.
Storage Prefered Rate
We buy back silver and gold bullion at prefered rate for storage.
Please click here for rates.
