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” which include physically inspecting a random sample of the metal for weight and fineness, and verifying balances. In conducting its most recent verification as at March 31, 2019, EY 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 31 March 2019
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 and report findings to 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. We’re on a mission to educate longer term metal investors on the tremendous benefit of earning a yield on metal investments compared to watching their portfolios be eaten away by vault storage fees or ETF charges. Learn more at Precious Yield