17 Jun 2012

Gold, Silver, Platinum and Palladium bars owned by GoldMoney's customers are stored at 'G4S' vaults

by davem:  
G4S stand accused of human rights abuses: Source

GoldMoney website states they are built upon a solid foundation of rules and ethics”; Source

But GoldMoney uses G4S:
"All gold, silver, platinum and palladium bars owned by GoldMoney's customers are stored at VIA MAT International Ltd. and G4S vaults
in the form of bars that meet the standards of the London Bullion Market Association for gold and silver and the London Platinum and Palladium Market for platinum and palladium. Each gold bar weighs approximately 400 troy ounces, which is about 12,500 grams. Each silver bar weighs approximately 1,000 troy ounces. Each platinum bar weighs approximately 5,500 grams, which is about 176 troy ounces and each palladium bar weighs approximately 3,000 grams or 100 troy ounces.
VIA MAT stores the bars in secure precious metals vaults that it owns and operates in London, Zurich and Hong Kong. G4S stores the bars in a vault it owns and operates in Hong Kong.
All gold, silver, platinum and palladium stored at VIA MAT and G4S for use as goldgrams, silver ounces, platinum grams and palladium grams in GoldMoney remains the property of the owner of those metals. Neither VIA MAT, G4S nor GoldMoney have any ownership interest in the customers' precious metals in VIA MAT's and G4S’s vaults." Source

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