The sole relationship GoldGuard has with Silver Bullion is as a storage provider.
Silver Bullion does not hold a partner status, joint venture or similar relationship with GoldGuard.
As of 9-Sept-2017, GoldGuard has bought gold from ABX, Emirates Gold and Noor Bank.
We purchase bullion, typically Metalor which is .9999 in purity
The gold is audited by PwC and all audits are conducted on a year end basis. In the case of GoldGuard, the Shariah board also regularly review and conduct audits on the gold. This results in a doubly secure dual-audit verification process for our precious metal assets.
All audit reports will be published on our websites at the end of the financial year. Once published, they will be made them available for everyone.
Yes, the gold is fully insured by our gold storage providers in Dubai and Singapore.
To ensure we always operate a full reserve policy we have a number of measures in place such as external and Shariah auditors, as well as an accessible storage facility. We have outsourced the important functions such as gold purchase and storage to the best in the business to generate trust, transparency and independent verification to the precious assets. This is all in audition to being regularly auditing by the market-leaders.
In the unlikely event GoldGuard entered into liquidation investors would always be able to withdraw the spot value of their gold. This means that any loss incurred by the investor would be very limited.
Yes, you can get your physical gold delivered to you after the ICO ends. You will incur a shipping fee which is determined based on location and the weight of gold.