Risk Disclosure

1. Market & price risk

• Gold and silver prices can be volatile and may move significantly over short periods.
• Your subscription amount is fixed, but the amount of metal allocated can vary depending on spot price and supplier premiums.
• You may receive less metal if prices rise and/or premiums widen; you may receive more if prices fall and/or premiums narrow.

2. Premiums, spreads and liquidity

• Physical metals trade with dealer premiums above spot and buy-back spreads below retail pricing.
• In stressed markets, premiums may widen and liquidity may reduce.
• Buy-back pricing (where available) is subject to verification and operational checks.

3. Allocation & substitution risk

• Specific product formats, mint, year, or finish may vary based on availability and market conditions.
• We may substitute equivalent products (e.g. different coin/bar brands or sizes) to remain within your plan value.
• Images and examples are illustrative only.

4. Operational & fulfilment risk

• Shipping and fulfilment depend on suppliers, carriers, insurance constraints and verification requirements.
• UK: fulfilment is typically on a quarterly schedule (default). Timings may vary due to operational factors.
• International: shipments are scheduled for June and December, subject to checks, destination restrictions and operational constraints.
• Delays can occur. In rare cases, delivery may be refused where required by law, carrier rules, insurance requirements, or risk controls.

5. Vault & custody risk

• Where vault storage applies, holdings are stored under custody arrangements and may require identity/ownership verification before release or shipment.
• Custody fees (e.g. £5/month where applicable) apply as disclosed at checkout.
• Access to vaulted metals may be delayed by compliance checks, logistics, and administrative procedures.

6. Counterparty & supplier risk

• We rely on third-party suppliers, logistics providers, and payment processors (e.g. Stripe).
• Supplier lead times and availability may change without notice.
• Payment processing interruptions may delay allocations or fulfilment.

7. Regulatory, tax & customs risk

• Rules may differ by jurisdiction and can change over time.
• International customers may face duties, taxes, import restrictions, and local compliance obligations.
• We may request KYC/AML information and may delay or decline service where checks are incomplete or concerns arise.

8. Security & fraud risk

• Precious metals can be targeted for theft. Delivery addresses must be correct and secure.
• We may use verification measures prior to shipment to reduce fraud and misdelivery risk.
• You should protect your account access and keep checkout information accurate.

9. Suitability

Precious metals may not be suitable for everyone. They may underperform other assets for long periods and do not generate yield. You should only subscribe if you understand the risks and can tolerate price fluctuations.