What is a Gold Certificate?

What is a Gold Certificate

The gold certificate is actually a certificate of ownership that entitles a person to hold gold of that value without actually possessing the gold.

Unlike a gold fund, being a fund of an investment company that invests in gold shares, or a golden share, being a share certificate in a gold mining company, that is, a mining or exploration company, an AMP Gold Certificate is legally speaking a bearer bond, which is represented by a delivery claim on gold and backed by gold in physical form and entails a delivery / collection entitlement of gold.

The certificate confirms a client's ownership, while the gold backing the certificates is stored on the client's behalf.


Product Rationale: Why the Certificate Program was Set Up

The AMP Gold Ownership Certificate Program was set up to solve one problem:

It was very costly and difficult for private individuals to buy, store and sell gold in a simple, versatile, safe and cost-effective way.

The best prices for gold and silver are available on the professional bullion market, where dealers, refiners, government agencies and bullion banks trade. But this market only deals gold in 400 oz good delivery bars, which cost over $680,000 each. This puts the best prices out of reach of most private individuals. Good delivery bars are stored in accredited vaults. But the vaults have a high minimum requirement in the tune of 4.500 oz gold bars worth around $8,000,000, to make it financially feasible for you to open an account yourself.

The next best is the wholesale precious metals market.

That's where AMP Gold Ownership Certificate Program comes into play.

With AMP you can access the wholesale market and buy flexibly-sized bars from accredited refiners who are regularly subjected to verification tests by independent assayers. You'll benefit from the low costs for buying and storing as the wholesalers, and save on storage and insurance costs.





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