Every time you purchase Karatbars gold, you choose whether you want it to be shipped or stored.
If you want your gold to be shipped, it will be delivered to your door via FedEx.
If you want your gold to be stored, it will be stored in secure Karatbars vaults. The storage is free up to 100 grams of gold.
If you are wondering how Karatbars stores gold for its customers, then continue reading.
To store gold for its customers, Karatbars uses two safe, third-party vaults that are fully insured. It is important to mention that Karatbars always stores more gold in its vaults than customers’ storage holdings are.
The first vault is located in Karatbars home office, in Stuttgart. This is where the company stores small gold bars, that is 1-gram, 2.5-gram and 5-gram bars. Every year, usually twice per year, the German government conducts audits on gold vaults and not once did Karatbars fail a single audit. Nonetheless, if Karatbars does fail in the future, according to the government policy in Germany, it will be publicized. That is, you will know about the failure from the news.
The second vault is where large gold bars are stored. However, due to security reasons, Karatbars does not expose the details of the vault’s location. The company provides this information only to the German government.
“Four eye” principle
Karatbars has a “four eye” principle with its gold shipping and storage. This means that every time anyone, an employee say, physically touches gold, there should be four sets of eyes acknowledging this happening in one way or another. For example, one set of eyes is video surveillance and the other set is a signature of some other employee or contractor.
Because Karatbars regularly has to pass stringent requirements to continue to store gold for its customers, you can feel safe about letting Karatbars do it for you. However, remember, don’t keep all your eggs in one basket, so have one portion of your gold shipped to you and another portion stored.
If you want to know more about Karatbars go to Karatbars page.
If you want to open your free account (meaning it is free, no any hidden charges of any kind), you can open your Karatbars account right now.
Feel free to ask any questions or share what you think!
*** There is a lot of information on the Internet related to how Karatbars stores gold for its customers. I don’t know what is correct and what is not, the facts that I have provided in this article are coming from Cherylanne Gober. Cherylanne is the senior member of Karatbars International Leadership Council and lives in Nashville, Tennessee.