Gold Republic Review - is Gold Republic Legit?

 Are you looking for more information about Gold Republic and wondering whether or not this platform is legitimate before you invest any money into it?

Gold Republic was founded in 2010 and has since then provided vaulted gold services for private investors over the Internet. Customers can trade gold through Gold Repubilc’s Internet platform. Gold Republic also provides customer support over the phone. In addition to physical gold, Gold Republic also provides physical silver and platinum to its clients.

Investors acquire outright ownership of their gold and can choose between 3 different vaults in Amsterdam (the Netherlands), Zurich (Switzerland) and Frankfurt/Main (Germany). Besides lump sum investments, Gold Republic also offers precious metals savings plans and gift accounts.

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Where Do You Get Your Gold When You Buy At Gold Republic?

When buying gold with Gold Republic, investors are buying grams of standard bullion bars as defined by the London Bullion Market Association. The LBMA is the professional association for the London gold market and defines the rules for standard bullion bars or what are known as good delivery bars.

Standard bullion bars are traded at very low premiums above the market value of their gold content, and this enables investors to purchase, sell and store gold at low costs.

Is Your Money Safe At Gold Republic?

According to Gold Republic, the following security measures apply:

The gold of Gold Republic’s customers is stored by the independent vaulting operators LOOMIS (formerly Via Mat) and G4S, both of whom are members of the London Bullion Market Association (LBMA).

Gold Republic publishes the holdings of all of its investors in an anonymous form. The investors’ full holdings are listed under their online nicknames. The vault operator sends out a daily bar list of the total of Gold Republic’s gold holdings, and this list is then published on  Gold Republic’s website.

The annual statements of Gold Republic are audited by a major auditing firm, and its gold bars in the vaults are inspected by an LBMA-accredited, independent inspection company.

Withdrawal of gold is possible for members of Gold Republic, but additional fees apply. For safety reasons, there are withdrawal limits on the transfer of funds. Normally, Gold Republic only allows money to be returned to the bank from which the client’s Gold Republic account was originally funded. There are exceptions, but these will need additional security measures to ensure that money can only be transferred to the correct client and nobody else.

All buy and sell transactions of gold through the Gold Republic platform are instantaneously settled, i.e. clients can only purchase gold when their accounts are funded. There is no settlement risk. Gold Republic does not own the gold of its clients and cannot loan clients' bullion to others.

Every client has outright ownership of the gold in their accounts. The gold becomes the client’s legal property. A potential default of Gold Republic or of the vaulting operator would not change this. The clients will still own their gold...

Full Gold Republic Review here! at https://scamorno.com/Gold-Republic-Review/?id=blog