Do I own the precious metals I buy on GOLD AVENUE?
You own 100% of the products you buy on GOLD AVENUE. All your stored products are physically kept in our secure vaults and off our balance sheet, so you remain their unique legal owner even if GOLD AVENUE were to cease its business activities.
Indeed, GOLD AVENUE only sells allocated precious metals that belong entirely to you. Other resellers can sell “mutualized” gold, often as a 12.5 kg bar shared with other customers. Although a part of it technically belongs to you, it can be difficult to resell and is usually not available to redeem. Some resellers even sell “paper gold”, which is not physical gold itself but an asset reflecting the price of gold and not necessarily backed by real physical gold.
Indeed, GOLD AVENUE only sells allocated precious metals that belong entirely to you. Other resellers can sell “mutualized” gold, often as a 12.5 kg bar shared with other customers. Although a part of it technically belongs to you, it can be difficult to resell and is usually not available to redeem. Some resellers even sell “paper gold”, which is not physical gold itself but an asset reflecting the price of gold and not necessarily backed by real physical gold.
Updated on: 06/09/2024
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