All your stored precious metals are fully owned by you and you have full legal ownership and title to your physical metal under bailment law. In accepting our Client Agreement, you engage Goldmoney to act as an agent to contract the physical custody of your metal with professional vault operators. Goldmoney takes care of the administration and record keeping.
In the unlikely event that Goldmoney were to go bankrupt, you would be able to request a physical withdrawal if you hold enough metals for the bar sizes we support, or you would receive a monetary reimbursement.
We provide internal and vault audit reports within your Holding to provide proof of the one-to-one ratio of metal held in our vaults and recorded in our database.