Key Facts
Updated: October 8, 2026Miami is a precious metals hub — Loomis, Brink's, and private 9R-rated vaults all operate here. Segregated vs allocated storage, what it costs, insurance that actually covers bullion, and red flags to avoid.
- Loomis (Medley), Brink's, Florida Intervault, Gloval
- Miami vault operators
- Class 3 / 9R (highest private rating)
- Vault rating to look for
- Lloyd's of London, to full replacement value
- Insurance
- segregated (your exact bars) vs allocated (pooled)
- Key choice
Verified by Maria Delgado — Bilingual relocation writer covering Miami moves since 2019Source: Storage Miami — storage-miami.com
Miami handles more physical precious metals than almost any US city outside New York — it's the gateway for Latin American gold flows, home to Loomis International's Florida vault, and now hosts a cluster of private vault facilities serving individual investors. If you're moving bullion out of a home safe (or your bank just closed its deposit boxes), here's how professional metals storage works in Miami.
Why Miami Is a Precious Metals Hub
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Three factors concentrate the industry here: the Latin America trade corridor (Miami refineries and dealers process metal flowing north), the logistics infrastructure around MIA and Medley/Doral (armored carriers, customs brokers, bonded warehouses), and a large base of domestic and international buyers who want US-jurisdiction storage without a New York address. For you, that means real competition on price and security.
Segregated vs Allocated vs Commingled
The single most important decision in metals storage — get this wrong and you own an IOU, not gold:
| Type | What It Means | Cost | Risk |
|---|---|---|---|
| Segregated | Your exact bars/coins, sealed, labeled, stored apart | Highest | Lowest — your specific items return |
| Allocated | You own specific metal held for you, stored in a shared area | Mid | Low — metal is titled to you |
| Commingled/Unallocated | You're a creditor of a general metal pool | Lowest | Highest — in a bankruptcy you line up with creditors |
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Rule of thumb: for meaningful holdings, pay for segregated or allocated. Never accept "unallocated" storage for physical metal you intend to reclaim.
Miami Vault Providers
- Loomis International (Medley, 12800 NW South River Dr): Class 3 UL-rated vault run by one of the world's largest armored carriers; accessible through dealer programs like SWP, with fully segregated storage and annual Bureau Veritas audits. Insurance to full replacement value underwritten by Lloyd's of London.
- Brink's (Miami): segregated storage program at its Miami facility — part of Brink's global vault network; offered through dealers like Miles Franklin.
- Florida Intervault (Fort Lauderdale, ~30 min): private Class 3 / 9R-rated vault purpose-built for bullion — reinforced shelving for heavy bars, appointment-only access, insurance via AXA and Lloyd's.
- Gloval (Miami): vault storage for precious metals with weight-verified inventory management; serves both retail and institutional clients.
- Private safe deposit vaults (Brickell/Downtown): for small holdings — coins, jewelry, a few bars — see our
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What It Costs
- Segregated vault storage: typically 0.4%-1.0% of metal value per year, or flat fees from ~$250-$1,000/year depending on volume — dealer programs often bundle buy-and-store pricing.
- Private vault boxes: $25-$500/month — fine for a few thousand dollars in coins or small bars.
- Home safe: free after purchase, but most homeowners policies cap precious-metals theft coverage at $200-$1,500 without a scheduled rider — check yours before storing five figures at home.
Insurance and Audits — What to Demand
- Named underwriters: Lloyd's of London, AXA, or Marsh are the standard. "Fully insured" with no named carrier is meaningless.
- Full replacement value: coverage should be 100% of market value, not a capped per-box amount.
- Independent audits: serious vaults commission annual third-party audits (Bureau Veritas is common in Miami). Ask for the auditor's name.
- Your own policy: confirm coverage extends while metal is in the vault — some dealer storage programs require you to carry complementary coverage.
Red Flags Before You Store
- No written storage agreement listing serial numbers/seal numbers.
- "Pool" or unallocated storage marketed as safe as segregated.
- No independent audit, or refusal to name the insurer.
- Pressure to convert physical holdings to certificates or account balances.
- Storage bundled with a purchase at a markup you can't compare — always price vault storage separately.
Storing other high-value items? Our wine storage guide and art storage guide cover Miami's specialist options.
FAQ
Where can I store gold in Miami?
Serious holdings go to Loomis's Medley vault (via dealer programs like SWP), Brink's Miami, Florida Intervault, or Gloval. Small amounts fit private safe deposit vaults in Brickell and Downtown from $25/month.
How much does bullion storage cost?
Segregated vault storage typically runs 0.4%-1.0% of value per year (often ~$250+/year minimum). Private vault boxes run $25-$500/month for smaller holdings.
Is private vault gold insured?
At reputable facilities, yes — to full replacement value through underwriters like Lloyd's of London or AXA. Always get the insurer's name and coverage terms in writing; never accept verbal "fully insured" claims.
Segregated vs allocated — which is better?
Segregated (your exact items,
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