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Vol. IV · The Week of 13 April 2026Au 5,160.00 · Ag 89.00
On holdingsomething real.
We sell physical gold and silver, held in your name. No house positions, no scripts, no rush. You’ll see the costs on paper before anything moves.
The Desk · Spot
Au$5,160.00+ 0.00%
Ag$89.00+ 0.00%
Pt$1,181.00+ 0.00%
Pd$1,052.00+ 0.00%
Indicative. Call for a firm quote.
I.The Argument
Paper wealth runs on promises. Metal doesn’t need any.
Every financial instrument you can name is a contract. A share of stock is a contract with a company. A bond is a contract with a borrower. A dollar is a contract with a treasury. That password-locked balance at your brokerage? It’s a contract with a custodian, who holds a contract with a clearinghouse, who holds a contract with a settlement bank. None of these things are truly owned the way you’d own a truck or a kitchen table. They’re remembered — by institutions, on ledgers, under rules written somewhere else, and changed somewhere else.
That isn’t a complaint. Modern finance works this way, and it’s given us a remarkable century of compounding returns. But it’s also in the nature of modern finance to forget — now and then, in big chunks, for reasons that only become clear after the forgetting is done.
A gold coin sitting in your desk drawer is the smallest working institution in the world. It has one employee — you — and it doesn’t keep minutes.
Physical metal, held under your own name and in your own hands, is a different kind of thing altogether. It isn’t a claim. It isn’t a promise. It doesn’t depend on a counterparty’s cash flow or a custodian’s solvency. It’s there — in a weight and purity that doesn’t need anyone’s ongoing attention. That’s ownership in the oldest sense: the thing itself, held by you. Gold won’t make you rich overnight, and it won’t pay dividends. What it will do is sit quietly on your balance sheet, answering to no one, long after the latest crisis has a name.
Most of the people who come to us aren’t suspicious of the financial system. They’ve done well inside it, and they understand how it works. They don’t want an exit. What they want is a small, uncorrelated corner of their holdings that answers to nothing and no one — a backstop against the kind of headlines that arrive without warning.
If any of this sounds worth thinking through, the Reading Room lays out the longer case — on gold, on silver, on the dollar, on debt, and on what a household can do about all of it.
— The Desk, April 2026
II.What We Hold
A short catalogue. Plainly priced.
№ 01American Eagle
Canadian Maple Leaf
British Sovereign
Cast Bar
Gold Kilo Bar
Constitutional Silver
American Eagle
One Ounce, Gold
The United States Mint's standard bullion coin. 91.67% fine gold, legal tender, struck without pause since 1986.
31.10 g · 32.7 mmover spot · modest
№ 02Canadian Maple Leaf
One Ounce, Gold
Royal Canadian Mint. 99.99% fine, among the purest sovereign coins in the world. A common choice for vaulted holdings.
31.10 g · 30.0 mmover spot · modest
№ 03British Sovereign
Half Ounce, Gold
A historical coin of the Crown, struck continuously since 1817. Small enough to move quietly, heavy enough to matter.
7.98 g · 22.05 mmover spot · measured
№ 04Cast Bar
Ten Ounces, Silver
Hand-poured cast silver from established American refiners. The working unit of a serious silver position.
311.0 g · 99.9%over spot · slight
№ 05Gold Kilo Bar
LBMA Good Delivery
The institutional unit. 32.15 troy ounces, stamped and registered, suitable for vaulted positions over $2 million.
1000 g · 99.99%over spot · tight
№ 06Constitutional Silver
Pre-1965, U.S.
Dimes, quarters, and halves struck by the U.S. Mint before 1965. 90% silver by weight. A quiet instrument for the patient.
$1 face · 0.715 ozover melt · small
Six is the short list. The full catalogue is longer — and its contents change by the week.
Browse the Full CatalogueIII.The Desk
A firm of one conversation.
Kelvin — PrincipalPlate № I
The paperwork comes before the metal.
Liberty Gold Silver is led by Kelvin, who built the firm around a principle that's a little unfashionable in this industry: the paperwork arrives before the metal, the phone call arrives before the paperwork, and at every step you'll have a written record of what's been agreed. It sounds ordinary. In bullion, it isn't.
We don't take house positions, don't run a trading book against our clients, and don't route your order through a call-centre. If you ring us, you'll speak with Kelvin or with one of the two people who've worked at his side for a decade — and the conversation will be a real one.
- Principal
- Kelvin — est. 2014
- Jurisdiction
- Wyoming, U.S.
- Clients Served
- Private households, one at a time
- House Positions
- None held.
Kelvin, for the Desk
IV.Correspondence
Recent memos from the Desk.
On the Weight of a Ten Ounce Bar
In which we consider the peculiar reassurance of a small, heavy object — and why most clients, in the end, hold one before they hold many.
Why We Do Not Take House Positions
A long explanation of a short sentence, in which the conflict of interest that runs through most bullion dealers is laid bare — and our departure from it spelled out.
On the Return of the Sovereign
The British Sovereign, a coin older than most national banking systems, has quietly gone back to work as the traveller's instrument of last resort. A brief history with recent notes.
An Ordinary Afternoon in Clearing
A field note on settlement — what actually happens between the moment a wire is sent and the moment a coin arrives, written for the client who has reasonably asked.
More from the Desk — on gold, on silver, on IRAs, on the dollar.
Begin HereIt starts with a
It starts with a
phone call.
Call the Desk(307) 293 — 4780
Weekdays · 9–6 Mountain · Kelvin picks up
Or Drop Us a Line