How Does Safegold Keep Your Gold Safe?
by Safe Gold Buy Gold Online IndiaAnswer: The main
reason you can trust SafeGold is because they have Security Trustees! If you
want to buy, sell or gift gold online, then you should keep reading. For those
looking to go ahead with an online gold coin purchase or buy 24k gold online,
this is important.
Security
Trustees Decoded
A security
trustee is a person or corporate entity which holds security for the benefit of
others. The security involved may consist of a responsibility over property, a
debenture over the assets and undertakings of a company, or a combination of
other types of security for the performance of certain obligations.
Tip: Make sure
that you are looking to buy gold online
from a company that has security trustees!
But why does
this matter in the case of digital gold?
An Atmosphere
of Trust
If you are going
to invest in gold online, you have to trust the provider completely!
Having a
security trustee as part of your structure reinforces to all parties that if
something goes wrong or needs to be enforced, the security trustee would act
impartially in taking the necessary steps to enforce the security and deliver
the proceeds of enforcement to those that are truly entitled to it.
In the case of
digital gold like SafeGold,
having a security trustee like IDBI Trustees ensures that each customer has the
peace of mind of knowing that their interests are being protected at all times.
The security trustee represents the interests of the investors and protects the
rights of the investors as set out in the trust deed and agreements. This is a
very important concern for anyone who is looking to buy gold online!
Protecting
Investor Rights
It is essential
that the security trustee is both an experienced professional and an
independent party, having the right to access appropriate and relevant information.
This allows them to successfully execute their role in reducing complications,
as well as adding value and comfort to the participants.
The security
trustee defends investor rights and also enforces security upon default. This
means that they keep the consumer’s best interests in mind – that’s you! The
truth is, for any online gold purchase in India, this is a must.
Peace of Mind
Customers care
about the quality of gold they buy and their peace of mind when it comes to
savings. The presence of security trustees gives customers confidence that the
gold they buy, sell and gift, is real and sourced from approved sources as well
as ensuring that internal audits for purity and weight are thorough and
effective.
So if you are
looking to buy gold biscuits online, buy gold coins online or go all the way
and buy a gold bar online in India, you need to assured of quality and make
your online gold purchase with peace of mind!
What
regulates the regulators?
Security
Trustees are generally a regulated entity registered with SEBI and SEBI
dictates requirements to ensure appropriate governance standards, monitoring of
the underlying assets, certications and timely disclosures. An added benefit to
the company (e.g. SafeGold) is that the appointment of a security trustee
reduces compliance requirements thanks to the important and far reaching role
the Security Trustee plays already!
SEBI’s role
is ever present!
Investors are essential
to the smooth functioning of any financial, securities and gold market. They
put the money in gold, funds, stocks, etc. and this determines the level of
activity in the market and serves to grow the economy. Clearly, protecting
investor interests is critical!
Securities and
Exchange Board of India’s (SEBI) form of investor protection involves various
measures established to protect the interests of investors from malpractices. SEBI
is responsible for regulations of the instruments and products being sold in
the market and safeguarding the interests of the investors.
This ties things
up in a neat little bow to ensure that investors/buyers are being protected and
can continue to plan their investments, safe in the knowledge that there is
good governance and checkpoints at every level!
Remember: If you
are going to order gold online in any form, you simply must ensure that you are
buying from a trustworthy source and that your interests are protected! With
SafeGold, this is assured through the Security Trustee.
This is relevant
for anyone looking to: buy digital gold in India, buy gold coin online, buy
gold biscuit online, buy gold bars online in India & those looking to buy,
sell, gift or invest in gold online.
Key Benefits
- Since a Security Trustee has no financial relations with other corporate entities (like many banks and financial institutions), it has no conflict of interest in discharging its role as Security Trustee.
- In financial transactions, the Security Trustee coordinates with lenders, borrowers and all other agencies involved in the chain, but works independently.
- . Protecting customers’ interests in respect of securities held under their charge including verification of the ownership of a purchase.
- . The limitations on pledge of shares prescribed under various regulations, can be addressed by engaging a Security Trustee.
- . Enforcement of the security when required by the lenders and disbursement of the sale proceeds without prejudice.
So, where
does that leave us?
Investors need
to know that their investments are safe and secure, and that there is a larger
structure that has been designed to ensure this. This logically means that all
investors should put more faith in service providers for their investments who
are partnered with SEBI-registered security trustees.
When we are
young, we’re taught not to take money from strangers and vice versa. As you
grow up, you realize that the point was really highlighting the importance of
trust in those who have your best interests at heart.
You don’t give
or take money unless there’s trust. Why would you change that when you’re
buying gold?
SafeGold works
with partners such as Brink’s India, to ensure that your gold is stored
securely in their world-class vaults, and SEBI-registered IDBI Security
Trustees, whose role it is to protect investor interests at all times.
SafeGold keeps
your gold safe! That’s how trust works.
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Created on Dec 30th 2019 23:46. Viewed 308 times.