￼BULLION STORAGE QUESTION
How does storage service work?
We offer fully allocated storage of your bullion with international Vault global leader in secure storage of precious metals . When ordering, simply select the 'Storage' option and we will arrange for your products purchased and stored in to the top tier secure storage from internationally recognized storage providers ensures the latest security technology to protect your precious metals. They will be held on a fully allocated basis. All goods are insured at all times for physical loss, damage or theft.
The full cost of insurance is included in your storage fees.
What role has Rexau Ltd in the storage?
Precious metals held by Rexau Ltd on behalf of Rexau clients remain the property of the client, we simply act as your custodian under a bailment system. A custodian is one who is entrusted with safe guarding and maintaining property.
What is bailment system?
Bailment describes a legal relationship in common law where physical possession of personal property, or chattel, is transferred from one person (the ‘bailor’) to another person (the ‘bailee’) who subsequently has possession of the property. It arises when a person gives property to someone else for safekeeping. Bailment is distinguished from a contract of sale or a gift of property, as it only involves the transfer of possession and not its ownership.
What are fees of storage?
Storage fees will be charged each six month in advance, based on the value of your total metal holding. Click here to view our schedule of charges.
Why you take in advance the fees for storage?
Many operators charge fees from day to day according to the daily LBMA Fixing Value of precious metals. If precious metals increase value you pay more fees storage. We ask a fees already known at the beginning. A clear and trasparent percentage of the purchase value. No additional costs, no surprise. Fixed cost for six months!
Which products can I have stored?
You can choose storage for the products we sell have storage option ( and in what country is offered ) on the website.
How do I check my holding in storage?
Track your holdings online via your Rexau account, at any time of day or night. You can login to your Rexau Ltd account online and view a history of all orders completed and in process. Portfolio Positions provides an overview of your bullion, information as type bullion, brand, weight, performance and which country you stored.
I can sell my bullion held in storage ?
You can sell back items held in secure storage by our Buyback program offer on the website or calling us during office hours to agree a price and, subject to certain security checks, we will arrange for payment to be made to your linked bank account.
￼How do I pay for storage?
We accept by the following payment methods:
Credit card Bank wire Bitcoins
Can I have my goods delivered from storage?
You can request delivery of your stored goods at any time by simply mailing or calling us. Delivery and insurance charges will apply. Click here to view our delivery fees page for more details. Deliveries will be made to the linked address on your account, further checks and additional documentation will be required beforehand.
What are my Linked Address and my Linked Bank Account?
These details will be used for any physical deliveries out of storage (Linked Address) or for remitting proceeds from any sale of your goods (Linked Bank Account) so, for your own security, it is crucial that the details we hold are accurate and up-to-date. This information will be requested when you place your first storage order with us and we will require certified copies of ID to validate it before any delivery or payment can be made to you.
What happens to my precious metals if Rexau Ltd goes bankrupt?
In the unlikely event that Rexau Ltd files for bankruptcy, your precious metals will be safe and secure. Rexau Ltd acts as a storage provider for your precious metals and does not hold any claim on your assets. You are not Rexau Ltd creditor and do not appear on its balance sheet. Technically your bullion is the subject of a bailment, a legal status through which physical property remains yours while it is in the care of another. A liquidator cannot consider it an asset of the company, so would have no claim over it, therefore your precious metals will not be affected and you will be able to withdraw them from your storage account.