The gold associated with the accumulations in your account is separate from the other assets of SafeGold. IDBI Trusteeship Services Limited, an independent trustee, acts for and on your behalf. The gold purchased by the Company associated with the accumulations in your accounts is held with the custodian. When you ask for delivery, the requisite quantity of gold will be removed from the custodian and delivered to you through a reputed courier service. Since the security trustee has a charge over the gold, any unlikely adverse event faced by the Company will not affect the gold associated with the accumulations in your account. Further, the title of the gold clearly rests with you and the physical gold stored with the custodian on account of SafeGold customers is not an asset of SafeGold in any way.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article