Does Uphold hold real precious metals or precious metal, e.g. gold or silver, shares (ETFs)?
When you hold gold, silver, platinum or palladium at Uphold, we hold that precious metal, e.g. gold bullion, in our reserve to back that value. Precious metal holdings are audited on a daily basis by GBI’s approved vaulting partners. An audit report containing bar lists is sent to GBI by the vaulting partners. In addition, an internationally recognized auditing firm audits all of the precious metal holdings on a quarterly basis. Each broker-dealer will confirm precious metal bar holdings with GBI on an aggregate basis and report individual holdings at the customer level through their existing platform.