Recorded on December 15, 2025.
In this Natural Resource Stocks interview, host Steve Yang sits down with Bob Coleman, founder of Idaho Armored Vaults and Profits Plus Capital Management, to break down the biggest hidden risks in the retail precious metals world. Bob explains why the industry can be a minefield of wide spreads, aggressive marketing, and contracts that quietly shift liability onto the customer. He walks through how pricing really works at the dealer level, why storage labels like allocated can be misleading, and which questions to ask before you wire money. If you are part of the #Millettian community, treat this as a practical due diligence checklist for protecting your capital when gold and silver enthusiasm is at a peak.
Topics covered
- The real spread and fee traps most buyers miss
- Dealer owned depositories and conflicts of interest
- Allocated vs segregated storage and why the labels can mislead
- Contract clauses to watch for, including notice of changes and waivers
- Insurance, audits, and what to verify before you wire money
- Social media promoters, paid podcasts, and how to spot marketing disguised as education
Guest links
Idaho Armored Vaults and Profits Plus: https://www.goldsilvervault.com/
Investments page: https://www.goldsilvervault.com/investments/
X: https://x.com/profitsplusid
Host Steve Yang | Natural Resource Stocks
Website: https://www.NaturalResourceStocks.net
YouTube Main: https://www.youtube.com/@naturalresourcestocks
YouTube Clips: https://www.youtube.com/@NaturalResoureStocksClips
X: https://x.com/TheSteveYang
LinkedIn: https://www.linkedin.com/in/thesteveyang/
Timestamps
00:00 Intro and Bob Coleman background
02:32 Why the precious metals retail space is loosely regulated
06:07 How marketing and pricing games widen spreads
09:54 Spot price vs what you actually pay
13:44 Predatory contract language and silent contract updates
16:01 IRA metals process and custodian paperwork
20:12 Storage fees, insurance, and who is actually covered
24:03 Allocated storage myths vs segregated reality
25:00 Sealed boxes, product substitution risk, and verification
30:04 Transit coverage and shipping risk
36:07 Security interests, liens, and who really owns the metal
37:57 Social media promoters and paid endorsements
40:04 Due diligence checklist and closing thoughts
The opinions expressed are solely those of the guest and do not necessarily reflect those of Natural Resource Stocks.
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