Terms of Service
Version 3.2 | Gold Traders International (GTI)
1. Scope of Agreement & Nature of Business
These Terms of Service ("Terms") govern all inquiries, quotations, purchase contracts, assay verifications, vault allocations, and physical delivery operations conducted between Gold Traders International ("GTI", "Company") and any private investor, business entity, or institutional client ("Buyer").
GTI operates exclusively as a specialist physical precious metals sourcing, verification, and allocation firm. We do not provide speculative financial derivative trading, leverage, or paper gold futures. All transactions relate strictly to physical 24K gold bars, investment bullion, or accredited raw gold assets.
2. Physical Gold Specifications & Purity Guarantees
All gold allocated or delivered by GTI comes with an explicit guarantee of purity and weight:
- 24K Minted Bars: Guaranteed fine purity of 999.9 parts per thousand (24 Karats) accompanied by an official metallurgical assay certificate detailing weight, fineness, and serial number registration.
- Commercial Bullion: Certified cast bars conforming to LBMA (London Bullion Market Association) Good Delivery specifications or recognized national refinery standards.
- Assay Verification Right: Buyers maintain the right to verify allocated bar serial numbers with independent certified assay laboratories prior to final release from vault custody.
3. Pricing Fixation & Settlement Terms
Due to continuous fluctuations in international spot gold prices (XAU/USD):
Spot Price Lock
Order pricing is formally locked upon written issuance of a Sales Invoice and receipt of a formal trade confirmation. Unfixed quotes expire after 60 minutes.
Settlement Method
Payments must be executed via verified bank wire transfer directly to GTI’s designated corporate account. Third-party or cash settlements above statutory limits are strictly prohibited under UK AML laws.
4. Shipping, Vault Logistics & Insurance Liability
Physical gold transit and storage are executed under uncompromising security standards:
- Armored Transit: Deliveries are handled by accredited secure carriers (Brinks, Malca-Amit, Loomis) with 100% transit insurance underwritten by Lloyd's of London underwriters.
- Risk Transfer: Risk of loss or damage transfers to the Buyer only upon physical handover and signed receipt at the destination vault or delivery site.
- Custodial Vaulting: Segregated vault storage options are governed by separate Depository Custody Agreements providing allocated bar ownership certificates.
5. Anti-Money Laundering (AML) & Compliance Mandate
In adherence to strict global financial regulations, GTI operates an uncompromising AML/KYC program. All transactions require identity verification, proof of address, and source of funds documentation prior to trade confirmation. GTI reserves the unilateral right to decline any transaction that fails to meet international compliance thresholds.
6. Governing Law & Dispute Resolution
These Terms shall be governed by and construed in accordance with the laws of Scotland and the United Kingdom. Any disputes arising out of physical gold transactions shall be subject to the exclusive jurisdiction of the competent courts of Edinburgh, United Kingdom.
For inquiries regarding legal terms or trade compliance, contact info@goldtradersintl.com or call +44 7700 183347.