How is the safety of my deposited fiat currency or bullion bar(s) assured?
At GODBEX, we take the security of your assets extremely seriously. We will only act on your instructions in regards to your assets, and we do not have any right, title, or interest in precious metals or fiat currency held on your behalf.
All fiat currency belonging to GODBEX users is held in a separate deposit account. While the fiat currency is held in the name of Infostream, which is the legal entity representing GODBEX, users remain the beneficial owners of all their fiat currency. Even if Infostream were somehow to get into financial trouble, the users’ fiat currency remains safe.
Finally, the receipts of fiat currency from users and payments to users are provided by select independent banks.
To what do I consent to by registering on GODBEX?
By registering, you appoint Infostream (a GODBEX legal entity) to:
- establish a legal relationship between you and a third-party custodian, so you can vault your precious metals safely
- access and transfer precious metals and fiat currency as required for the operation of the site
- share your information with third-party custodians and banking providers
- undertake the acts in certain circumstance that could impact your rights (freezing or blocking accounts and/or assets, terminating your relationship with us, prohibiting trading and similar acts)
- act on your instructions in respect of buying, selling or trading precious metals, including the transfer of precious metals and fiat currency between users, making deposits and withdrawals, and etc.
You can revoke the above stated authorizations by closing your account. By registering an account you agree to keep your account activity (including orders, transactions and instructions) and information (including your password) confidential and to safeguard your own assets. Any actions on this site initiated from your account or using your password are considered to have been made by you and are irrevocable. Should you detect unauthorised use of your account or password, please notify us immediately.
What is the quality of gold traded at GODBEX?
At GODBEX, you can buy, sell or trade only the highest quality gold, silver, platinum and palladium bullion bars with fineness over 999.5. GODBEX gives you access exclusively to the first-rate products on the market, produced by certified refiners that are key suppliers and producers of bullion bars and coins for some of the most important international banks: Argor Heraeus (Switzerland), PAMP (Switzerland), Austrian Mint (Austria), and Heraeus (Germany). GODBEX only works with refiners that deal in the LBMA-approved Good Delivery gold and silver bars.
What does LBMA stand for?
LBMA is the acronym of the London Bullion Market Association, an international trade association representing the London market for gold and silver bullion.
How do refiners get accepted onto the LBMA Good Delivery List?
In order to be accepted onto the Good Delivery List, refiners must undergo stringent checks on their history in the market, financial standing, ability to produce bars that meet the London Bullion Market Association standards, and minimum levels of production.
What is stamped on each bullion bar?
Stamped on each bullion bar, you will find the certificate of authenticity, the logo of the mint, country of origin, weight, fineness, assayer mark, and a unique serial number.
Legal & GDPR
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