Finally, for precious metals transactions and gold-backed accounts, the bank deals directly with the Perth Mint of Australia, where our gold holdings are stored. Like our banking and brokerage business, the Perth Mint does not have individual client information. Gold can be stored with the Perth Mint at no cost, with clients retaining the privacy of purchases through their numbered accounts.
I would reiterate that we have established these premier relationships to ensure the utmost precautions are taken to protect client funds. Our bank is a 100% transactional bank, meaning we do not engage in lending, speculate or engage in proprietary trading with client funds.
If anyone has any additional specific questions, please don't hesitate to put them in direct contact with me.
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