EY completes year end verification of Precious Yield metal balances


As part of our commitment to transparency and depositor protection we engage EY to verify the 1:1 backing Precious Yield account holder metal. To do this work, EY undertakes a set of “specified procedures”. These specified procedures include physically inspecting a random sample of the metal for weight and fineness, and verifying balances. Having completed its year end verification EY has again confirmed the full backing of all Precious Yield account holder balances.

Group CFO, Pieter VanSchaick, noted “we are grateful to the EY team for the rigorous verification work and insightful guidance to the Precious Yield team. This recurring verification effort undertaken by one of the largest and most reputable global accounting firms provides professional investors the third party review they demand.”

You can see the full report here: EY Verification Report 12 28 18

 

About Precious Yield:

At Precious Yield we offer precious metal investors the unique ability to safely own gold, silver, and platinum and enhance their total returns by earning interest on their metals. Precious Yield deposits are always 100% backed by physical metal. We engage one of the largest global accounting firms to verify the physical precious metals for the benefit of account holders. Precious Yield customers can buy or sell metal at wholesale rates. Investors can request physical delivery of their metal in coin or bar form.

At Precious Yield we’re on a mission to educate metal investors about the tremendous benefit of earning a yield on metal investments. This can improve investor outcomes dramatically compared to watching portfolios be eaten away by vault storage fees or ETF charges. Learn more at Precious Yield. Sign up for our weekly market reports and build your bullion market expertise.

About EY:

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services EY delivers help build trust and confidence in the capital markets and in economies the world over. EY develops outstanding leaders and teams to deliver on its promises to all of its stakeholders. In so doing, EY plays a critical role in building a better working world for its people, clients and communities.

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about EY, please visit ey.com.