Concept
Daily Audit
Gold Investment | Investing in Gold Bullion | Guide from BullionVault / How BullionVault enables you to invest in gold in a cheaper, safer and easier way
"The Daily Audit takes the full Bar Lists from the independent custodians, and it publishes them for you to study alongside a full list of each client's holdings. The two totals match down to the last gram, showing that the investment bullion is fully allocated and eliminating the risk of 'double counting' (also known as 'under vaulting'). This proof can only happen because the client records are held by BullionVault and they are independent from the bullion bar lists.\n\nThe bar lists cannot be falsified, because the specialist custodians (Brink's, Loomis, Malca-Amit) see them posted in public on the Daily Audit. The client records cannot be falsified either, because each user also sees their investment holdings stated in public and can check that figure against the quantity they bought."
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