SafeGold Release Terms and Conditions
Updated 21 February 2022
A. Cost & Release
- The SafeGold account must be up to date. If there are any arrears to the SafeGold account, the client is responsible to make payment, before a release can take place.
- Scoin Trading (PTY) Ltd. cannot be held responsible for any incorrect banking details or omissions (E.&O. E) by the client.
B. Communication & Information Sharing
- Any information, opinion or communication from SafeGold and/or TroyGold whether written or oral is only given as a general view, in good faith, of products, markets or opinions, without regard to specific objectives or needs, and not as any Investment advice, or to bind us in any way.
- The Client consents and agrees to their information being used for, including but not limited to, processing, further processing and/or marketing reasons.
C. Safe Keeping and Safe Gold Custody
- For the avoidance of any doubt, all items purchased are automatically transferred to our SafeGold facility for safe keeping on the client’s behalf within our secure vault facility. Should the coins not be collected, or an arrangement be made for the coins to be delivered to the client within 30 days from the invoice date, the standard fees applicable to our SafeGold facility will apply.
- Should the Buyer choose to make use of the SafeGold services offered by the Seller, such services will be governed by the terms and conditions incorporated in the SafeGold Agreement which will be concluded between the Buyer and Seller and is separate to this Agreement. Please note that the following documentation will be required: Copy of Identification or passport document, a signed copy of these Terms and Conditions as well as the signed SafeGold agreement.
D. Troygold Upload & Storage
- In the case of a Troygold upload the terms and conditions of this transaction are as set out in the Troygold user agreement. The client agrees to the opening of a Troygold account, as the total gold ounces are credited to the client's Troygold account by way of digital Gold Upload.