The operation of the Clear Title Program is designed to fully protect the account holder and the assets in their Clear Title Account.
Ownership of precious metals in your Clear Title Account is outright. It is your property from the moment you buy it to the time you decide to sell it. You remain the sole and exclusive owner.
We maintain strong internal and external controls including independent quarterly audits of your gold and independent quarterly audits of your transactions so that you can rest assured knowing that your investments are secure.
- The Clear Title Account Program utilizes the vaults of accredited members of the London Bullion Market Association.
- All bullion is insured to its full market value.
- All bullion holdings maintain their Investment Grade Quality and Good Delivery Status.
We believe that quality governance begins with sound principles. Board independence, independent auditor review, strong internal controls, and transparency are at the center of our firm's governance and compliance structure.
Strategic Gold Corporation is committed to its governance principles and their inculcation into our corporate culture. Accordingly, we have adopted a Code of Business Conduct and Ethics in order to ensure that our core values are always followed. We look forward to earning your business.
The Security of Your Bullion
The gold and silver in your Clear Title Account is yours outright, so there is no credit exposure to any counterparty not even Strategic Gold. Our comprehensive controls ensure that even if our business would fail, all your bullion would still be yours and would be returned to you in full by a liquidator. This is the essence of direct physical ownership of gold and silver held in your Clear Title Account. Each quarter, BDO International certifies that the precious metals you exclusively own are physically present within the vault. The results of these quarterly audits are issued to each client in the form of an individual account audit statement.
All precious metals stored in Strategic Gold's Clear Title Program are fully allocated. "Allocated" means that each specific whole bar or coin is held in the vault exclusively on behalf of an individual owner.
Allocated storage of precious metals is the best way to store gold and silver because it ensures that you are the direct owner of the specific whole bar or coin, not Strategic Gold or any other third-party. When a precious metal is allocated, there is a defined and recorded owner of the specific bar or coin, namely you. You enjoy full legal title to each individual bar or coin that you own. This is why we called our program the Clear Title Program, because you - the owner - retain Clear Title to your assets at all times.
Moreover, your Clear Title ownership of individual bullion bars is independently verified by our bullion auditor who issues a quarterly report to each accountholder, demonstrating their exclusive ownership of specific whole bars.
- The physical presence of your specific gold is independently verified each quarter in a report to you from the Independent Bullion Auditor.
- Our operational controls ensure that there can be no changes made to your bullion holdings without your authorization.
The Security of Your Money
Our independent transaction auditor, Livingston and Haynes, acts as a third party verifier of all client account activity in order to prevent unauthorized transactions, cash withdrawals and bullion withdrawals.
Strategic Gold accepts a duty to receive, hold and maintain funds received from you directly into a segregated bank account for the express purpose of holding un-invested client money. The bank has acknowledged and accepted that the money in this segregated account is held under a dual signature control and reviewed by the Independent Transaction Auditor.
The bank has also accepted that it is not entitled to combine this account with any other Strategic Gold corporate account or to exercise any right of set off or counterclaim against money in this account in respect of any money owed to the bank on any other Strategic Gold corporate account.
The account statement from the bank is fully reconciled to Strategic Gold’s own records every banking day. At all times, we maintain sufficient funds to pay back the gross credit balances of all our clients and since this money is held at call for return, when requested, it can be returned to the client on the same business day.
- As our Independent Transaction Auditor, Livingston & Haynes has access to all daily transactional activity.
- No cash or precious metals movement can occur in your account without the Independent Transaction Auditor verifying that it was properly authorized by you.
- Operational Controls agreed upon by Strategic Gold Corporation and the Independent Transactional Auditor are verified on a quarterly basis.
As with any bank deposit, cash is potentially exposed to a bank failure since money deposited into a bank account becomes the legal property of the bank. All modern banking relationships turn depositors into "unsecured creditors" of the bank. In contrast, owning precious metals in your Clear Title Account eliminates this risk since you always own your precious metals outright.