LONDON, 21 September 2012 - One of the United States' leading finance sites, BankRate today features BullionVault in a report on how investors can ensure the quality of physical gold.
Highlighting recent reports of tungsten being found in smaller gold bars, "Retail investors can protect themselves from fraud by using a specialist vault that takes responsibility for quality," writes personal finance correspondent Sheyna Steiner.
For investment-grade bullion stored in specialist vaults, "What's known as the chain of integrity leads from the latest buyer back to their seller, and so on, all the way to the refiner," explains Adrian Ash, head of research at BullionVault. "They're then ultimately responsible for making good the buyer's loss.
"It's this warranty, that delivery is good, which makes the professional wholesale market cost-efficient and liquid. Hence the name of these protocols and refining standards, Good Delivery.
"Accredited custodians only take in bars from other accredited vaults, and metal only enters the system from accredited refiners."
You can read more in the BankRate article here...
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