Vaulted gold

However, new providers—including both banks and non-banks (e.g., precious metals traders)—have started to offer vaulted gold or savings plans based on vaulted gold to private investors in the late 20th century.

For example, some of the first gold accumulation plans were introduced by the precious metals trading company Tanaka Kikinzoku Kogyo during the 1980s.

These providers include Everbank in the United States, BullionVault in Great Britain, GoldMoney in the British Channel Islands and GoldRepublic in the Netherlands, among others.

Furthermore, investors bear the potential risk that gold holdings are embezzled by a provider, custodian, or individual, or stolen by third parties.

[12] As with other unregulated investments, some dubious providers push overpriced gold savings schemes into the market through scare and high pressure sales tactics.