Vault Receipt
What is a Vault Receipt?
A vault receipt is a document that proves ownership of gold, silver or other precious metals stored elsewhere.
How Does a Vault Receipt Work?
Let's say John Doe purchases gold through a futures contract. The contract expires and John takes delivery of the gold. However, a truck doesn't just come to John's house with a load of gold. The gold is in a secure storage facility, and John receives a vault receipt indicating that he is now the owner of that gold.
Why Does a Vault Receipt Matter?
Vault receipts are crucial documents because they prove ownership and prevent buyers and sellers from having to physically move heavy objects every time they make trades.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.