Any purchases you make under 10 grams that are to be kept in our UK vault, will be held in the form of fine gold grain with a 999.9 fineness (purity).
Buying and keeping gold in grain form means that the cost of casting the bar has not been added to the price of the gold you bought. So where other providers sell you manufactured bars and coins, you are then also paying extra to cover the manufacturing costs.
When your holding of stored gold reaches 10 grams or more, then your gold grains will be swapped for a bar by Betts refinery, at no extra cost to you!
If you request delivery and you hold less than 10 grams of gold, then you will be sent bars that equal the total weight of your current holding. For example, if you hold 1 gram of gold grain and want it delivered, you will be sent a 1 gram gold bar.
Maintaining a low online gold price to your benefit does in turn place a limit on how much can be bought any one time and in any single day.
The limitations for purchases through our Legacy Gold partnership, per client are:
The reason for the above limitations is that going over a certain size triggers different (and more complicated) actions relating to Anti-Money Laundering and UK regulations.
Those extra regulations would mean extra administration and staffing costs, which in turn, will negatively affect our low online gold prices. As we want to make sure we offer the lowest price, we keep the maximum daily quantities per person below certain thresholds.