Ownership verification
What is your public nickname?
If you have forgotten your GoldRepublic nickname Login and press ‘Personal settings’. Your public nickname is on the left of your screen in the preferences panel.
How can you prove your bullion is safe?
At GoldRepublic, you do not have (paper) entitlements to precious metal, you actually purchase the precious metal itself and become the owner of it.
The precious metals are stored in a safe in bars and are identifiable by the markings that have been made on the bars. This is in connection with the requirements of Dutch law with regard to the holding of (co-)ownership rights. It is apparent from GoldRepublic's records which account holder has a right to which (part or parts of a bar of) precious metal that is present in the safe.
The precious metal that you purchased is delivered to you, in all cases, from the stock of precious metal that is present in the safe at the time of purchase as GoldRepublic's own stock. You will become the owner in the following manner: it is recorded in GoldRepublic's records that the precious metal that you have purchased is registered in your name and the safe administrator is notified of the transfer of the ownership of the precious metal to you. As from the point in time that the safe administrator has recognised this transfer, the safe administrator holds the precious metal in the safe for you and it is your property. The safe administrator has authorised GoldRepublic to receive the notification of transfer on behalf of the safe administrator and to recognise the transfer of ownership.
GoldRepublic not only guarantees that the precious metal that it has delivered to you is actually in the safe at G4S or ViaMat, but that your precious metal is also identifiable in the safe. GoldRepublic can demonstrate and indicate which precious metal is (co-) owned by you.
GoldRepublic shall ensure that copies of the complete ownership registration is stored at at least one separate data-storage site.
You can always check whether the amount of precious metal that you own is actually in the safe at G4S. This is possible because the ownership administration that GoldRepublic maintains matches the safe administration of G4S. You can check whether (at least) the same amount of precious metal is present in the safe at G4S as there should be according to GoldRepublic's records.
GoldRepublic guarantees that your precious metal shall not be lent out, shall not serve as collateral for obligations of GoldRepublic, and shall not be the object of any derived transaction and shall remain your property and shall be held for you securely by G4S until your precious metal is sold or withdrawn in accordance with your instructions that are received through GoldRepublic (unless (a part of) your precious metal is sold by GoldRepublic at the applicable price at that point at time because you have no balance or an insufficient balance in your cash depot for the payment of costs and fees to GoldRepublic, see article 9).
How can you verify your ownership?
In order to enable all the active account holders of GoldRepublic to check the amount of precious metal and the ownership rights as well as the amount of cash in the cash depots, the following information is disclosed to them:
• GoldRepublic shall periodically publish the amounts of precious metal per active account holder on its website. On these public lists, the account holders are indicated with a code name that is only known to the account holder so that your privacy is ensured. This code name is allocated by our computer.
• In addition, GoldRepublic also publishes on its website the inventory list prepared by G4S and ViaMat (as independent party and custodian of the precious metal of the account holders).
• As a result, the active account holders can see and verify whether the amount of precious metal that they own also actually correspond with the records of GoldRepublic, how much precious metal the joint account holders of GoldRepublic hold in the safe of G4S and ViaMat, how much precious metal of account holders of GoldRepublic is actually present in the safe of G4S and ViaMat.
Procedure
1. Login to your GoldRepublic account
2. Select DAILY OWNERSHIP VERIFICATION
3. Select OWNERSHIP REPORT
4. Check your cash balance
5. Check your bullion balance
6. Select VAULT REPORT
Where can you see the bank statements and bar lists?
Vault bar lists are provided by G4S and ViaMat and evidence the bars held for GoldRepublic Clients. We prepare electronic copies of our current bar lists and bank statements as soon as we receive them, and we publish them on the web. The link to them is on the page of our reconciliation of all GoldRepublic customer property - known as the ‘Daily ownership verification’. You do need to be logged into your account and press the link ‘Daily ownership verification’.
Timing excludes today's business ... Bank statements and G4S and ViaMat bar lists are only received by us at the close of each business day. We wait until we have all the close of business statements, perform our reconciliation the next working day.