Bifalgorithm post · Gold Investing · How BullionVault enables you to invest in gold in a cheaper, safer and easier way
Allocated Gold
Allocated Gold (Gold Investing · How BullionVault enables you to invest in gold in a cheaper, safer and easier way) — "Launched in 2005, BullionVault now cares…
Ideas in this flowchart
- BullionVault provides physically allocated gold investment with independent custody and daily auditing.
- Launched in 2005, BullionVault cares for $10 billion in client property for more than 125,000 users worldwide.
- Users can invest in gold in 1-gram increments.
- The gold is physically allocated within securely vaulted wholesale Good Delivery bars.
- The bars are refined and cast by specialist refiners approved by the LBMA.
- All gold belonging to BullionVault users is held by independent vaults.
- BullionVault does not own or operate the vaulting facilities; it uses specialist facilities instead.
- This separation is vital for the Daily Audit.
- The Daily Audit proves each day that users' property is where it should be, in full.