Bullion Delivery Facts
All BMG BullionBars meet the Good Delivery Standards (GDS) set by the London Bullion Marketing Association, the COMEX, and the London Platinum and Palladium Market.
With each BMG BullionBars purchased, a BullionDeed will be issued showing the owner’s name, the bar weight, fineness, serial number and refiner. The BCS registry, together with the unique BullionDeed, allows the owner to sell or assign their bullion at their discretion.
In addition, BMG BullionBars investors receive monthly statements describing all aspects of their BCS accounts. Bullion holdings are verified annually by the internationally recognized, independent auditing firm of KPMG LLP, and The Bank of Nova Scotia provides BCS with monthly transaction statements and vault holdings.
Custodial Storage
GDS bars are cast by a small group of metal refiners governed by the professional bullion dealing communities in London, New York and Zurich. Their bars are accurately assayed and guaranteed to always measure 99.5 percent pure or better. From the day they are first manufactured, GDS bars are kept in bullion vaults recognized and monitored by the local dealing community. BMG’s storage is a GDS approved vault therefore the chain of integrity is never broken.
Purchasers have the option of entering into a storage agreement with BCS to provide secure, allocated and fully insured storage. Storage is located in the main vault at The Bank of Nova Scotia in Toronto.
Should a purchaser wish to take delivery of their bars, the purchaser is responsible for all shipping and insurance costs, including a handling fee. Additional assay and verification costs may apply to the sale of bars that have been held by the owner outside of the LBMA approved vault facility
