What is SWP Cayman? What does it offer? Is it one that you should turn to or completely avoid? Join me in today’s review about this company, in which we shall be exploring a couple of elements that will help us figure out whether SWP Cayman delivers services that you can rely on?
Name of the company: SWP Cayman
Official Website URL: https://swpcayman.com/
Overall Rating: (4.1 / 5)
Table of Contents
- What is SWP Cayman?
- The Services offered
- How does SWP Cayman work? (How to Get Started)
- Does SWP Cayman offer IRA services?
- How can you open an offshore Precious Metal IRA that’s served by SWP Cayman?
- Payment methods accepted when paying for precious metals
- Does SWP Cayman have minimums for storage?
- Does SWP buy precious metals from individual sellers?
- Is SWP Cayman Genuine or Is It a Scam?
- Pros and Cons
What is SWP Cayman?
SWP cayman, or Strategic Wealth Preservation in full, is an international precious metal dealer that has its headquarters in Cayman Islands. The company, which also offers secure storage services owns and operates its Class III UL rated vaults. If you live in Canada, you may have come across this company’s sales representatives.
According to this company’s official website, its staff members are highly trained to:
- Manage acquisitions
- Secure store precious metals
- Liquidate precious metals for individuals, firms, trusts, and wealth management professionals
SWP delivers precious metals to customers and businesses that are located in North America. The secure storage services are implemented in secure vaults that are found in:
- Cayman Islands
- The United States
- The United Kingdom
- New Zealand
This company is also well-recognized for the provision of offshore storage services for precious metals that are part of self-directed IRAs owned by American citizens.
Also, SWP Cayman is an approved distributor of major refineries, including:
- Royal Mint of England
- Perth Mint of Australia
- LBMA & COMEX approved refineries
The Services offered
SWP Cayman operates as an international precious metal dealer, hence delivers services that are expected to meet its customers’ expectations not only at a local but at an international level. We’ve already highlighted this in the section above, but we can have a more in-depth look at its service offerings. As a potential customer, SWP Cayman’s support staff will assist you in the following ways:
Upon reaching out to SWP Cayman, you’ll get help with acquiring pure bullion products from well-established refineries and mints. You can purchase gold, silver, palladium, and platinum bullion and have them delivered to you at your place of residence. If you do not want to take chances with storing valuable precious metals in your home, you can utilize this company’s storage services.
SWP Cayman has established its position in the industry as a trusted secure storage service provider. It offers 100% allocated, segregated, and insured storage services to customers who own precious metals or other valuable assets.
Customers can open SWP Accounts to gain access to the company’s global precious metals network. With this account, you have the liberty to buy precious metals, request delivery or even store your assets conveniently at one of its storage locations.
How does SWP Cayman work? (How to Get Started)
If you, by any chance find that SWP Cayman offers the services that you’d be interested in accessing, you can follow these simple steps to get started:
Open your account
You can get started by completing an application form. All you need to do is click on the ‘open account’ button on the homepage of its official website, and you’ll receive instructions on how to complete the form. If you experience any difficulties during the process, you can contact the customer support staff for help.
Note that SWP Cayman offers the following types of accounts:
Purchase Your Preferred Precious Metals
Whether you’re operating as an individual or as a firm, you’ll get help with buying the precious metals you need to achieve your objectives. SWP promises to sell to you its precious metals at competitive premiums.
Have the precious metals delivered to you or utilize the storage solutions
You can opt for the home delivery services, or you can have your precious metals stored in any of its secure storage locations.
Does SWP Cayman offer IRA services?
No. It, however, holds the precious metals owned by customers in their self-directed IRA accounts. SWP has a strategic partnership with Preferred Trust Company, which serves American clients who want to buy and store precious metals through an SD-IRA arrangement.
As a customer whose precious metals are held in SWP Cayman’s vaults, you’re promised peace of mind as you wait for the gold, silver, platinum, or palladium to increase in value over the years. Storing your precious metals with SWP Cayman offers the best offshore jurisdiction for the Western hemisphere.
Important: Please make sure that you know exactly what fees are accosiated before you sign anything, I have seen so many reports online of people getting surprised with so-called hidden fees that they had no idea about until it was to late. Transparency is what you want to look for in this industry.
**My #1 recommended gold & silver IRA company is 100% transparent + they got a few other benefits you might want to have a look at if you are interested in a new IRA, see this page
How can you open an offshore Precious Metal IRA that’s served by SWP Cayman?
If you’re interested in opening a precious metal IRA that’s served by SWP Cayman, you can follow the two steps below:
Open and fund an IRA Account
Start by opening a self-directed IRA account with SWP Cayman’s partner, Preferred Trust Company. You should then contribute or transfer funds into the IRA. The account needs to be funded so that you can start purchasing the precious metals.
If you already have an existing IRA that’s administered by a different custodian, you can transfer the money to SWP Cayman.
Elect SWP to be your dealer and Depository
SWP exists as a fully integrated precious metal dealer and is approved to handle offshore IRA depository services. You can, as such, elect SWP to be your dealer and depository by successfully completing the Buy Direction Letter provided by Preferred Trust Company.
**See my #1 Recommended Gold & Silver IRA Solution on this page
Payment methods accepted when paying for precious metals
As of now, SWP Cayman accepts payments that are made by its customers through the following methods:
- Bank Wire
- Bitcoin and Ethereum (through Bitpay)
If you have a bank account in the Cayman Islands, you can pay for your precious metals through Bill payment (all invoices are in USD).
Does SWP Cayman have minimums for storage?
There’s no minimum storage balance requirement when dealing with this company. The Secure Segregated Storage accounts are, however, subject to a $50 quarterly storage fee (a minimum storage fee). The storage fees are only applied once you’ve deposited money into your account.
Does SWP buy precious metals from individual sellers?
Yes. SWP Cayman can purchase your precious metals. Customers are promised competitive buy-back rates for all sales, which it usually facilitates within 48 to 72 hours. Payment is remitted via bank wire or check. The support staff can arrange for shipment to your preferred location upon request. SWP Cayman uses FedEx and UPS as the primary carriers.
Is SWP Cayman Genuine or Is It a Scam?
There are several reviews on customer trust sites about SWP Cayman, and they all point to it being a genuine company. There are several other firms offering similar services, so the only differences would be in terms of the quality delivered. As a company in the Cayman Islands, those who rely on it are subject to very investor-friendly jurisdictions in terms of offshore investments.
A close look at the feedback given by customers reveals that SWP Cayman is a company that you can turn to and get served by the responsive and effective staff. On offshore reviews, for instance, they are praised for making it easy for customers to access the products and services that they want.
Anyone looking for ways to invest with a low political risk of losing their assets can rely on this company’s offerings. Several customer reviews reveal that some clients are committed to working with SWP Cayman for life.
**Have a look at how these top-rated alternatives to SWP Cayman that offers precious metals IRA Services are matching up
Pros and Cons
- Accepts Bitcoin payments
- Reselling purchased metals is possible
- The company is based in the Cayman Islands, which is a popular offshore financial services market.
- Has several storage locations for precious metals and other valuables
- Vaults are convenient for North Americans
- Sliding scale storage fees can quickly add up
- Customers have one choice of jurisdiction to offshore the purchased precious metals.
Do You Own or represent SWP Cayman?
If you are a representative, or associate of SWP Cayman and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Overall Rating: (4.1 / 5)
SWP Cayman is a genuine precious metals dealer that also offers secure storage services to individuals, firms, and Trust Funds. It happens to attract a wide variety of customers for many different reasons, including that it’s based in the Cayman Islands in which investment laws are very friendly, and the fact that it accepts Bitcoin payments. The use of Bitcoin goes a long way in guaranteeing the security of customers’ financial details. I generally think that SWP Cayman is performing well in the delivery of services to its customers. You can, however, take a look at your alternative options in the market, before deciding on the most suitable fit.
That will be all for this review about SWP Cayman. I hope you are now well-informed about what it has to offer, and you can even point out its strengths and drawbacks to your friends and family. Let me know what your thoughts are about this company, in the comments section.
I wish you well,
Eric, Investor and Team Member at Gold Retired!