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Gold Republic REVIEW
Gold Republic Preview: (to pause video, simply tap/click on it)
Created for easy precious metals investing
Gold Republic is a new breakthrough online precious metals investment platform
Read 100% Free Gold Republic Review by Scamorno Team
FULL REVIEW OF Gold Republic
Are you looking for more information about Gold Republic and wondering whether or not this platform is legitimate before you invest any money into it?
Gold Republic was founded in 2010 and has since then provided vaulted gold services for private investors over the Internet. Customers can trade gold through Gold Repubilc’s Internet platform. Gold Republic also provides customer support over the phone. In addition to physical gold, Gold Republic also provides physical silver and platinum to its clients.
Investors acquire outright ownership of their gold and can choose between 3 different vaults in Amsterdam (the Netherlands), Zurich (Switzerland) and Frankfurt/Main (Germany). Besides lump sum investments, Gold Republic also offers precious metals savings plans and gift accounts.
Review Verdict: Gold Republic is a legitimate platform that works
Where Do You Get Your Gold When You Buy At Gold Republic?
When buying gold with Gold Republic, investors are buying grams of standard bullion bars as defined by the London Bullion Market Association. The LBMA is the professional association for the London gold market and defines the rules for standard bullion bars or what are known as good delivery bars.
Standard bullion bars are traded at very low premiums above the market value of their gold content, and this enables investors to purchase, sell and store gold at low costs.
Is Your Money Safe At Gold Republic?
According to Gold Republic, the following security measures apply:
The gold of Gold Republic’s customers is stored by the independent vaulting operators LOOMIS (formerly Via Mat) and G4S, both of whom are members of the London Bullion Market Association (LBMA).
Gold Republic publishes the holdings of all of its investors in an anonymous form. The investors’ full holdings are listed under their online nicknames. The vault operator sends out a daily bar list of the total of Gold Republic’s gold holdings, and this list is then published on Gold Republic’s website.
The annual statements of Gold Republic are audited by a major auditing firm, and its gold bars in the vaults are inspected by an LBMA-accredited, independent inspection company.
Withdrawal of gold is possible for members of Gold Republic, but additional fees apply. For safety reasons, there are withdrawal limits on the transfer of funds. Normally, Gold Republic only allows money to be returned to the bank from which the client’s Gold Republic account was originally funded. There are exceptions, but these will need additional security measures to ensure that money can only be transferred to the correct client and nobody else.
All buy and sell transactions of gold through the Gold Republic platform are instantaneously settled, i.e. clients can only purchase gold when their accounts are funded. There is no settlement risk. Gold Republic does not own the gold of its clients and cannot loan clients’ bullion to others.
Every client has outright ownership of the gold in their accounts. The gold becomes the client’s legal property. A potential default of Gold Republic or of the vaulting operator would not change this. The clients will still own their gold.
Review Verdict: Gold Republic is a legitimate service that works
Consumer Fraud Alert Regarding Gold Republic
The success of Gold Republic has given rise to many frauds who try to sell their own platforms in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are subscribing and should do some research before they join any website. To spot these, watch out and avoid sites that claim to write about Gold Republic, yet the writeup is completely garbage as they are created by software and spammed all over the internet. It is always better to avoid buying from any other website other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy join the site from the official website here – http://GoldRepublic.com/Official (link opens in a new window). The official website that they have includes the legitimate platform.
Conclusion about Gold Republic
In order to purchase gold with Gold Republic, investors have to perform the following steps:
1. Open an account online with Gold Republic
Open an account at Gold Republic via their website. Go to the website of Gold Republic and press CREATE ACCOUNT.
2. Validate your Gold Republic account
Once you have created an account and want to begin purchasing gold or silver, you first have to validate your account. You can validate your account by filling out the validation form in your account. After the validation, you will be assigned your own Gold Republic account manager who will personally welcome you over the phone. Your account manager is your permanent contact person at Gold Republic to whom you can consult if you have any questions about how the system works.
3. Deposit funds to your cash depot
In order to pay for your buying transactions in precious metals you must put money into your cash depot at the Stichting Beheer Derdengelden GoldRepublic (SBDG).
4. Start purchasing gold
You can use the order form to execute market and limit orders (buy and sell). Placing orders can be done based on amount or on weight. Before you submit your order you will first be given a overview of the cost structure of your order, so you can ensure every detail is correct before you execute your orders!