Yes, the assets are yours and yours alone. Hard Assets Alliance only deals in truly allocated physical bullion.
When you buy a whole coin or bar from us, that item is placed in the vault in your name, under our administration (what’s known as “bailment” in legal terms). You own it. You can take delivery of it at any time just for shipping and handling costs.
The only exceptions to this are:
- For partial positions acquired via MetalStream™: When taking advantage of MetalStream automatic investment plan, you may accumulate partial products (like having only saved enough for a percentage of a coin or bar’s full price). Those “fractional” stakes are shared ownership items until such a time you accumulate a full item, which is then automatically converted to a fully allocated position in physical bullion. Even fractional positions are still in your title, are still backed 100% by real physical bullion at all times, and still can be sold at any time for then current values.
- If you choose to take out a loan against your holdings through our supported lending partners. While a loan is still active, the physical bullion is held in the same vault but the title is amended to reflect the lien until that loan is repaid.
All bullion is managed in a dedicated, HAA-only commingled storage and not tracked by individual item/coin but as a whole.
We only give serial numbers for variable weight bars. The fixed weight bars’ serial numbers but are not provided to the customer.
The full physical metals holdings balance of all accounts are kept in the vault at all times. Those holdings are reconciled daily with our records and audited by an independent specialty firm on a regular basis. They are also insured at all times for their full replacement value.