Vault & Tech
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Gold Storage Company.
Ability to Take Delivery
If the circumstance arises, can you take delivery of your bullion at a location of your choice? A reputable bullion dealer and a London Bullion Market Association (LBMA) officially recognised mint or vault will have relationships in place with specialised logistics companies. GoldCore arranges insured delivery of gold bullion via Registered Post, FedEx, Loomis and Brink’s.
Bullion Authenticity
The LBMA operates a system for gold bars that are acceptable for trading in the London market. This is known as the London Good Delivery system. The system lays down specifications for good delivery bars as well as rules for a refinery being eligible for the ‘good delivery list.The LBMA monitors refineries and their output, thereby ensuring quality standards.
Gold Bullion Audits
All client precious metal (gold, silver, platinum and palladium) stored by City Union at storage facilities in Zurich, Hong Kong, Singapore and London is audited via a tri-party auditing procedure. On a daily basis, City Union Operations will reconcile client precious metal storage records against the vaulting facility records of the storage provider.
On-Line Storage Inventory
City Union clients with precious metals stored in Loomis’s facilities in Zurich, Hong Kong or London, and Brink’s facilities in Singapore, have the ability to log on to the Loomis web site and view their precious metals holdings via a web based inventory reporting application.The level of detail provided is thorough.
Guarantee of Bailment
When a client purchases and stores allocated gold with City Union, City Union provides the client with a Secure Storage Statement detailing ownership of the holding and documentation showing bar number, refiner name, gross weight, fineness and fine weight. Client gold is held via a bailment arrangement, with client rights governed by English law.