Collect your reserved gold or silver from the vault
Which bars could be collected from the vault?
You have the right to have your precious metal delivered to you; however, you acknowledge that GoldRepublic is not primarily intended as a service for those who wish to have precious metal physically in their possession.
Your wish to have precious metal delivered to you shall only be accommodated insofar as it concerns whole and available units (bars) of the relevant precious metals that are exclusively reserved by you.
Please take into account that bars that have been delivered to you cannot be sold back to GoldRepublic.
How do you collect a reserved bar?
You understand and you agree that you cannot demand delivery of your precious metal directly at or from G4S. Your delivery can only be requested and carried out via GoldRepublic, and the precious metal is shipped by G4S in consultation with you.
If you have reserved a bar and want to collect it from the vault you can contact us to arrange delivery.
In order to be able to carry out physical delivery you shall be required, in all cases, to provide two valid and reliable forms of identification. In addition, further requirements could apply such as concluding an insurance against identity fraud at your costs.
Which procedures do GoldRepublic and G4S have for delivery of precious metals?
GoldRepublic assumes responsibility for implementing security procedures in order to prevent the unauthorised removal of precious metal from the safe.
With the only exception being the case of an authorised shipment to another storage location of GoldRepublic - as, for example, can be requested by the account holders in reaction to an international crisis - GoldRepublic guarantees that permission shall never be given to deliver more than the least of 25 kilos gold and 5% of the gold present in the safe, or more than the least of 1 ton silver and 5% of the silver present in the safe on one single day.
Where GoldRepublic from time to time gives permission for the delivery of a maximum of 25 kilos of gold or 5% of the gold that is in the safe (depending on which amount is the smallest) it accepts the obligation to publish this fact on the first page of its website at the address http://www.GoldRepublic.com and clear links shall be placed to details in which information shall be provided about both the amount of precious metal that must be delivered and the published nick name(s) of the account holder(s) whose precious metal must be delivered.
This public notice about the delivery of the maximum amount of precious metal shall be made known no later than on the business day before the planned delivery and remain visible for all visitors to the GoldRepublic website until the precious metal has left the safe and been delivered.
The notifications regarding the delivery of the maximum amount of precious metal is an obligation of GoldRepublic that G4S is aware of, and GoldRepublic confirms that G4S is contractually obliged to check whether the notification of the withdrawal has been made public when it undertakes the preparations for delivery.
As the withdrawing account holder has been referred to publicly with his nick name, GoldRepublic is obliged to ensure that the account holder who wishes to have precious metal delivered has sufficient precious metal for the withdrawal as this has been recorded publicly in the periodical verification report.
Checking that the account holder has sufficient precious metal is an obligation of GoldRepublic of which G4S is aware and GoldRepublic confirms that G4S is also contractually obliged to check independently of GoldRepublic whether the account holder with the code name has sufficient precious metal for the withdrawal in accordance with the published periodical verification report of GoldRepublic.
What are the costs for collecting a reserved bar?
There is a charge to collect a bar from our vault to cover administration and transportation. For an actual overview of the costs see our tariffs page.