The gold, silver, and platinum are sourced by Kitco. Transactions are ledgered on the blockchain through DirectReserve™, which digitizes the buying and selling, settlement, & ownership of precious metals.
The precious metals are stored at the Royal Canadian Mint and guaranteed by the Canadian Government, in the form of bullion (large bars). Clients own the ounces of precious metals 1:1.
When clients purchase the precious metals, they purchase by the ounce, and they end up owning a portion of the large bars. While the metals are allocated to you, they are not held in a separate vault. This is how the program creates cost-efficiency.
We do not charge a fee for storing precious metals while the metals are held in your account on the iTrustCapital platform. When it's time for distribution, clients can sell the precious metals from their iTrustCapital dashboard, or they can create a settlement account with Kitco. The settlement account allows clients to convert their metals on DirectReserve™ into metals on Kitco's platform, which will then be shipped to them.
Please refer to our Pricing page for the most up-to-date precious metals trading fees.