Wells Fargo has made a deal to store some of its precious metals at the Wyoming Reserve in Casper, Wyoming. This move signifies a broader trend among major financial institutions to use high-security, third-party facilities for physical asset storage. The Wyoming Reserve, a 70,000-square-foot facility, is positioned as a critical property in the institutional precious metals supply chain, attracting blue-chip tenants to a secondary market.
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News | Wells Fargo taps Wyoming facility to store precious metals
Wells Fargo has made a deal to store some of its precious metals at the Wyoming Reserve in Casper, Wyoming. This move signifies a broader trend among major financial institutions to use high-security, third-party facilities for physical asset storage. The Wyoming Reserve, a 70,000-square-foot facility, is positioned as a critical property in the institutional precious metals supply chain, attracting blue-chip tenants to a secondary market.