Since it was founded in 2002, Lakeshore Trading has assisted clients with alternative investments especially the purchase and storage of precious metals. In 2009, when owning gold and silver bullion became legal in South Africa, Lakeshore Trading was the first on-line retailer in the country to provide a wide selection of investment grade gold, silver and platinum bullion bars and coins to individual investors who wanted to add physical precious metals to their investment portfolios.
Today, Lakeshore Trading offers a wide range of top quality bullion products from recognised mints and refineries around the world. It introduced well-known silver bullion coins such as the American Silver Eagle, Canadian Maple Leaf, the Mexican Libertad, and the Silver Britannia to South African investors.
The Lakeshore one kilo .999 fine silver cast bar has become one of the most popular silver bullion bars for Investors in South Africa.
Since 2014, Lakeshore has had an agreement with a bullion company in Singapore that offers clients a facility that enables them to buy, sell and store a range of gold, silver, platinum and palladium bullion bars and coins. And, in 2018, it signed a similar agreement with an international bullion company that offers a world class trading and storage platform that allows clients to buy, sell and store their precious metals in New York, Salt Lake City, Toronto, London, Zurich, Singapore and Sydney.
We also buy precious metals, from silver bullion dealers and private individuals. We offer extremely competitive buyback prices on the market, and we’re happy to discuss our rates with you any time.
In addition to offering clients a wide range of physical precious metals, over the years, Lakeshore has seen the need to help clients protect their wealth by diversifying internationally. It therefore offers clients a simple offshore banking solution.
Lakeshore Trading also recognized the changing landscape of the financial markets with the advent of Bitcoin and the other crypto-currencies.
Instead of ignoring this major development, through its global connections, we source the best information possible which is provided to clients in order to assist them when it comes to investing with crypto currencies. Lakeshore also provides a Separately Managed Account (SMA) consisting of carefully selected crypto-currencies.
Lakeshore has also stayed committed to investors wanting the highest level of education on the how and why to invest in precious metals and crypto-currencies. We also provide information on global wealth protection. Subscribers, receive The Delaire Weekly, a weekly publication that includes six of the best interviews and articles and a bi-weekly newsletter, The Delaire Report, the premier newsletter on investing in precious metals and global wealth, as well as independent reports, alerts, news articles, and videos, all free of charge.
Our history gives us unparalleled expertise in helping investors build solid portfolios. We take the time necessary to deeply understand your investment objectives, investment time horizon, and risk appetite before recommending products for your consideration.
About David Levenstein
David is the founder and owner of Lakeshore Trading. He is also recognized as a leading expert on investing in precious metals, and global wealth protection.
David began his career in precious metals in 1980 through the London Metals Exchange (LME) where he spent most of his time trading silver. In those years the smallest contract was 10,000 ounces and silver was still quoted in sterling. There were no fax machines and online trading was impossible. All deals had to be executed telephonically.
Over the years, David has dealt with gold, silver, platinum and palladium. He has traded and invested in bullion bars, bullion coins, mining shares, exchange traded funds, futures and options.
Through his company Lakeshore Trading, David introduced South African investors to a wide range of bullion items produced by some of the worlds’ best known refineries and mints. He was responsible for introducing the American Silver Eagle, the Canadian Maple Leaf and the Mexican Libertad coins to South African investors as well as a range of bullion bars produced by world-renown international refiners and producers.
He has assisted clients set buy/sell and store precious metals in safe vaults in major cities around the world. He has also helped clients establish their offshore bank accounts.
Today, he encourages people to own the physical metal and store it out of the banking system. He is also outspoken about government corruption, bank fraud and market rigging and writes about how economic, political and social developments effect precious metals prices. David is also an advocate of offshore banking, Bitcoin and crypto-currencies
In 2009, when the South African government legalized the private ownership of gold and silver bullion, David was determined to create a liquid market for physical precious metals, where individuals could buy, sell and store their bullion coins and bars or take delivery of them.
“I wanted to offer investment grade gold, silver and platinum bullion at the best available prices by buying from the largest bullion wholesalers and refineries in the world. I also wanted to keep business honest and transparent…..no bait-and-swtich tactics, no upselling to higher-margin limited edition medallions or collectables.”
In 1990, while living and working in Hong Kong, David, was introduced to the world of offshore banking. In those years, an individual could register a company with an offshore bank account with minimal problems within a few days. Today, thanks to the pressure imposed by major governments around the world, offshore banking has become very difficult. Yet, despite all the unnecessary red tape, David believes that today, more so than ever before, it is essential for individuals to take whatever precautionary measures they can in order to preserve their hard-earned wealth. And, having the appropriate offshore bank account is one solution.
“For far too long, too many people have had their wealth stolen by lying politicians, bankers, as well as corrupt and incompetent governments. Having an offshore bank account in a safe offshore jurisdiction is crucial for anyone wanting to protect their wealth against such a scenario”.
In 2014 David was introduced to Bitcoin and some other crypto-currencies. At first, he was extremely sceptical. But, after making numerous transactions using Bitcoin and Etherium, David was convinced that these crypto-currencies would one day become either a part of the global financial system or an alternative payment system while also being a recognised currency.
“Even though it is more volatile than most current fiat currencies, you can become you own banker. Crypto-currencies provide a method of sending and receiving payments anywhere in the world, without permission from your bank. It is possible to do so securely and privately, without relying upon bankers and middlemen. It’s like a Swiss bank account in your pocket.
Unlike paper currencies, bitcoin is an inherently international asset. It has incredible value as an international transfer mechanism. You can take any amount of it in and out of any country. You don’t need permission from any government.
You can send it across any border—or any number of borders—as often as you want. And there’s nothing anyone can do about it”.
His articles and commentaries on precious metals have been published in dozens of newspapers and, magazines both locally as well as internationally. The best known websites in the world devoted to precious metals have used his commentaries on gold and silver. His newsletter The Delaire Report is read by readers in more than 50 countries.
As a leading expert on investing in physical precious metals, David does not deal with numismatic coins, and is opposed to companies that try to beguile investors into believing that grossly overpriced limited edition medallions are credible investments.
David has lived and worked in Johannesburg, Los Angeles, London, Hong Kong, Bangkok, and Bali.