Since Swiss Gold Club AG doesn´t provide any financial services, such as e.g. banking, payments, investments, asset management, etc., its activities are not subject to financial legislation or banking regulation.
The Client’s account with the Club is not a precious metal account neither a bank account.
The activities of the Club are limited to the purchase / sale and storage of precious metals in physical form.
The Club is not a custodian for bankable assets due to the physical nature of gold bars. Purchase and sale operations are carried out in accordance with orders placed by the Members.
In terms of KYC and AML we comply with the current Swiss and EU legislation.
For identification procedure we use the services of KC Pass OÜ, Estland.
For KYC processes we use the Swiss WorldCheck / Thomson Reuters database.
AML / KYC documents and regulations can be found here (link to documents).
Keeping the gold bars is fully confidential: it is not a financial account. Thus, there is no CRS / Automatic Exchange of Information.
The Client is not a holder of a bank account agreement or a holder of units / shares of a fund.
Each Client has a full and unrestricted ownership title to physical gold bars. Therefore the Client can exercise his/her right to sell, transfer or donate gold, either vial our platform or via storage. Alternatively, the Client or a person authorized by the Client can withdraw his/her geld bars anytime fully or partially from the storage and dispose of them on his/her own.
The value of the asset always corresponds to the gold market value and not the exchange value of the units or shares of the fund.
The Client can get his/her gold bars physically delivered to almost any region of the world using a special global delivery service.
Gold bars are stored in a 10-grade professional storage facility located in the Principality of Liechtenstein that meets the highest industrial standards for custody of precious metals.
The Client’s gold bars are fully insured as physical asset.
Formation of an additional legal setup such as Private Foundation or Trust as part of our services protects the assets from actions of third parties against the Client.