Every investment is directly allocated to pure gold kilo bars stored in the Royal Canadian Mint. The Mint manufactures every gold bar and guarantees their weight and purity. Each bar has a unique serial number tracked by Vaulted. The gold never leaves the Mint’s vault (unless you request physical delivery).
The kilo bars are 99.99% (.9999) pure gold. Each bears the Royal Canadian Mint’s hallmark, as well as an imprint certifying weight and fineness.
Vaulted gold comes from ethically sourced locations from the mine or recycler through refining and minting. Every ounce is conflict-free and chain of custody certified. The Royal Canadian Mint participates in the Responsible Precious Metals Certificate Program, aimed at identifying and validating the chain of custody of incoming gold-bearing refining deposits.
After funding your account through a linked bank account or bank wire, simply click on 'Buy Gold' or 'Sell Gold' on the Overview page and place a trade at any time. Orders are processed during the New York Stock Exchange (NYSE) opening hours. If you prefer, you may also call Vaulted to speak with an advisor who can assist you with the transaction.
You can conveniently buy a digital gift card within the Vaulted application by clicking on “Gift Card” from the main menu and follow the instructions. To purchase a physical gift card, contact your advisor.
There is a one-time 1.8% fee included in all buy transactions. This fee is added to the wholesale price of gold at the time of your trade. The Vaulted app clearly displays the current wholesale price, your buy price (ask), and your sell price (bid). With Vaulted, you will never encounter hidden spreads or premiums.
There is a one-time 1.8% fee included in all sell transactions. This fee is subtracted from the wholesale price of gold at the time of your trade.
There is an annual maintenance fee of 0.4%, or 40 basis points, based on the average value of the net cumulative gold purchases in your account. This maintenance fee covers:
The maintenance fee is charged semi-annually which means half of the annual fee is billed to the client each July and the second half is billed each January of the following year.
Maintenance fees are generally subtracted from the cash balance in your Vaulted account. Alternatively, fees will be automatically deducted from your gold balance if a cash balance is not made available to cover the fees within 30 days of invoicing.
If you are a U.S. taxpayer, you only have to report to the IRS when filing your tax return, if you have sold gold. By February of each year, we will provide you with a tax statement of all sell transactions in the prior calendar year. Your tax statement will show any potentially taxable gains or losses, which you may be able to use to offset gains outside your Vaulted account.
You are not required to report your Vaulted account to the IRS/FinCEN as a “foreign financial account” on FinCEN Form 114 (the “FBAR”), as your account is maintained by a company in the United States of America.
Vaulted is the most tax-advantaged way to invest in gold. Gold-backed ETFs, other online gold accounts, and physical coins/bullion are taxed as collectibles in the United States, meaning they face a 28% long-term capital gains tax rate no matter the investor’s tax bracket. Most other assets, such as stocks, are subject to a 15-20% long-term capital gains rate.
Vaulted allows investors to own physical gold with the same capital gains tax treatment as stocks. This may reduce your tax liability by 30-50% compared to other gold investment vehicles.
Taking delivery of a Vaulted kilo bar is not a taxable event, which means we are not required to produce a 1099 form on delivery. These advantages come from the IRS's unique treatement of Vaulted assets.
This answer is not tax advice; please consult your tax advisor for guidance on your specific situation.
Each gold purchase is instantly allocated to a specific bar (or bars) of gold. All allocated ounces are your collateral, guaranteeing your gold can be delivered to you. Neither Vaulted nor the Mint can sell, lease, or pledge your gold to any other party. You can find the serial number of each whole kilo bar allocated to you in the app and on your quarterly statement. You may take delivery of any fully allocated bar. It will be shipped via FedEx and should arrive within about one week for a small shipping and handling cost.
Only if you tell them. Gold purchases through U.S. institutions such as Vaulted are not generally reportable to tax authorities or financial regulators. The dollar amount of how much you sell is reportable to the IRS: Vaulted is compliant with IRS regulations requiring all U.S. brokerage companies to report gold sales on a standard form 1099-B. These forms are issued in the month of January immediately following the year in which you completed sell transactions.
We follow industry-leading best practices, including encrypting all data in transit and at rest, multiple forms of data backup, and strict data access policies. Our engineering team is led by former Google software engineers and our platform is vetted by multiple external 3rd-party vendors, including PricewaterhouseCoopers to review the cybersecurity of our application.
All gold inventory is recounted by the Royal Canadian Mint's staff on a quarterly basis. The Mint is audited annually by the Government of Canada’s Office of the Auditor General, and customers can arrange for formal audits of their own holdings.
You can use either the Google Authenticator or Authy app for two-factor authentication to add additional protection to your login. You can also arrange for call-back verification before any cash transfers out of Vaulted. To activate either of these options, contact your advisor.
Vaulted is a trade name and trademark of McAlvany Financial Group (International Collectors Associates): 166 Turner Drive, Durango, CO 81303, USA.
International Collectors Associates (ICA) was established in 1972 and is the longest continuously operating full-service gold brokerage firm in the United States.
Vaulted is currently available as a web browser application (https://vaulted.com) and is not in any app store. This will change in September of 2021 when it will become an available in both the Apple and Android app stores. It is currently optimized for ease of use on mobile devices. To add the web app to your phone, go to Settings within your browser, and Add to Home Screen.
Easily fund your account within the U.S. by linking a bank account, logging into your Vaulted account and navigating to the Transfers tab. Vaulted uses Plaid to link your checking account to Vaulted and process ACH cash deposits and withdrawals. Plaid is a third party company that securely connects your bank to the apps you want to use. Please note: savings accounts may not be a linked bank account within Vaulted.
Alternatively, you may fund your account by sending a domestic wire transfer from your bank. You can find domestic wire transfer instructions in the Transfers tab when logged into your account.
Are you outside of the US and want to fund your Vaulted account?
Option 1: You can send a wire transfer internationally, by going to your bank and using the International Wire Instructions below. Rates will vary depending on your bank and country of origin.
Option 2: Alternatively, Wise (formerly TransferWise) is a more affordable, faster way to send money abroad. Wise is an easy-to-use, borderless account which allows you to quickly convert your currency into USD (or any other currency) at the real exchange rate and send that money to anyone in the world. If you determine you would like to utilize a Wise account to fund your cash balance in Vaulted, contact us.
Download the Steps to Start with Wise & Send Transfer PDF.
If you funded your Vaulted account through wire transfer, the funds are available for withdrawal immediately. You can contact your advisor to request a wire transfer of the funds to your bank. Or you can make a withdrawal request to a linked bank account from the Transfers tab.
If you funded your Vaulted account via ACH transfer, the funds may only be available for withdrawal after 60 days.
Disclosure: Vaulted is a participant in the Wise Affiliate Partner Program which allows partners to earn commission on referrals for using the Wise service.
Wise is a third-party solution, so Vaulted does not provide customer service when using their service nor do we ensure the transfer while it is in transit with Wise. To contact Wise, please visit their Help Centre.
Users can request physical delivery of their gold at any time. If the gold purchase was funded via ACH transfer, the funds must be on account for 60 days before any cash out or physical delivery requests can be processed.
If you take delivery of gold outside of the Royal Canadian Mint, Vaulted passes on the Mint’s and FedEx’s (or other carrier’s) shipping and handling costs to you. We do not charge any additional Vaulted fees when you request physical delivery.
Shipping and handling costs are generally as follows:
All gold in transit is insured by Vaulted, so if anything happens to it, our insurance carrier will compensate us, and we will compensate you for the loss.
All Vaulted assets are allocated to full kilo bars, which is the most efficient and cost-effective way to own gold. However, you can also request delivery of smaller denominations of metal (such as gold coins).
Your allocated ounces that total less than a complete kilo bar will need to be sold in the live market. The proceeds will then be used to acquire smaller products, such as 10-ounce gold bullion bars or 1-ounce gold coins. These products have a different cost structure than those acquired through Vaulted (Vaulted customers will receive all products at consumer market costs discounted by the Vaulted transaction fee of 1.8%.) For delivery of amounts less than a kilo bar, contact your advisor.
The Royal Canadian Mint stores all the gold on behalf of customers. The Mint is owned by Canada’s AAA-rated federal government. Canada is one of the most geopolitically stable countries in the world, with a centuries-old track record of respecting property rights. Furthermore, the RCM is exceptionally secure. All holdings are counted on a quarterly basis, and the Mint is audited annually by the Government of Canada’s Office of the Auditor General. Every gold bar is physically stored in state-of-the-art vaults owned and operated by the Mint. The Mint insures its gold holdings via Lloyds of London. The Mint is trusted by major ETFs, governments, and institutions to store billions of dollars in gold.
Vaulted is designed from the ground up with a foundation of security combined with a simple, powerful user experience. Vaulted:
All records are stored redundantly, and we regularly make backup copies offline so that in the event of a catastrophy, we have a record of all transactions and ownership.
Multiple secure, redundant copies of transaction history are maintained separately from the core Vaulted systems to ensure that your account and your gold are kept safe.
Vaulted is owned and operated by McAlvany Financial Group, founded in 1972. Our history has enabled us to build a robust business that you can trust. Even in the unlikely event that McAlvany Financial Group were to go out of business, the gold you have purchased cannot be used to pay other ICA creditors, and you have a legal right to sell or take delivery of the gold you purchase.
The Royal Canadian Mint is a Crown corporation 100% owned by the AAA-rated government of Canada. In addition to being an exceptionally secure vault, the Mint physically stores all gold allocated to Vaulted customers as a custodian. In other words, the gold allocated to you is never on the Mint’s balance sheet. Even in case of a bankruptcy or liquidation, gold allocated to you cannot legally be used by the Mint or its creditors. The agreement between Vaulted and the Mint requires that gold allocated to you must be segregated from the Mint’s own assets.
The Royal Canadian Mint insures its gold through Lloyds of London and has agreed to provide full compensation for any gold that is lost, stolen, or damaged while in its custody and control. In the unlikely event of such a loss, the compensation or replacement gold provided by the Mint will become your collateral securing our obligations to you. As soon as the Mint is ready to deliver the compensation or replacement gold, we will allocate it to you, aiming to restore your Vaulted account to normal operation. Please see the Vaulted End User Agreement for key details.
VaultPlan is an automatic gold savings plan. The tool allows you to initiate automatic gold purchases monthly, or every two weeks. You can change your VaultPlan amount and frequency at any time.
VaultPlan makes it easy to dollar-cost average into the gold market. Dollar-cost averaging is a strategy in which investors divide an investment into multiple asset purchases over time, rather than investing the entire lump sum all at once. Dollar-cost averaging is a long-term strategy that takes the guesswork out of "timing the market." VaultPlan also makes it easy to meet a savings goal. Just specify the amount you want to save from each paycheck, and the funds will be automatically transferred!
Step 1: Enter an amount. This value will be automatically transfered from your linked checking account to your Vaulted account.
Step 2: Enter a frequency and start date. The VaultPlan will begin on the date you specify, and initiate a transfer every month or two weeks after that.
Step 3: Submit. After you lock in your VaultPlan, funds will automatically start moving to your gold balance during market hours at your selected frequency.