Quote:
Originally Posted by L-Pink
"Deposits are 100% backed by gold bullion stored in vaults" .... So as your deposits increase so will your gold holdings? And if gold falls you automatically increase your holdings to be at the 100% level?
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Correct. Depositor funds are always backed 100% by gold. Even if our correspondent bank one day shuts us down, your funds are not at risk - they are stored as physical gold bullion in a secure vault, which cannot be seized.