So Why the Discount for Personally Visiting Your Holdings?
Unfortunately there are many bad actors out there that are all too happy to take your money and then not actually buy & vault allocated physical bullion in return.
In 2007 Morgan Stanley settled a class-action lawsuit against them as they had been charging their clients storage and insurance fees for physical bullion that they said they had bought, but as it turns out – the bullion never really existed. For a better understanding about the case, take a look at Ted Butler's article.
So when you are buying a gold bar to be privately vaulted on a safe custody basis, how can GoldVu provide you with Peace of Mind that the physical bullion is really there and allocated?
It's rather easy to, wave audit certificates at you and say:
"See...it's all there - Trust us!"
However, there is always that question mark over the reality of 'Is it really all there?'
The above is the primary reason that we want you to personally visit the vaults to inspect your Central Holding, and in return we will give you a discount off our custodial storage fees.