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TERMS AND CONDITIONS FOR GOLD AND PRECIOUS METALS VAULTING

TERMS AND CONDITIONS FOR THE STORAGE OF GOLD

 

CONTENTS OF TERMS

  1. DEFINITIONS

  2. LICENSE

  3. SECURITY

  4. USE OF THE SERVICE

  5. RISK

  6. PAYMENT

  7. TERMS

  8. TERMINATION

  9. VARIATIONS OF THIS AGREEMENT

  10. GENERAL

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  1. DEFINITIONS
    1.1 In these Terms and Conditions of Gold Storage, the following expressions shall mean:

Group 4 (G4): The Trade Name of Cosetti Ltd, Company Number: 122640, with registered office at the Ground Floor of the building known as Leon House situated at Nº1, Secretary’s Lane, Gibraltar GX11 1AA, GIBRALTAR.

You: Referred to as the "Client."

Allocated Storage: A storage method where specific gold bars or items are stored separately and uniquely identified for each Client.

Business Day: Any day not being a Saturday, Sunday or a public holiday in Gibraltar.

Business Hours: Shall be extended business trading hours, Mondays to Fridays inclusive, all exact times to be confirmed by G4 and subject to change.

Premises: Ground Floor, Leon House, 1 Secretary's Lane, Gibraltar, or any other place notified to you by G4.

Website: www.g4boxes.com

1.2 Words importing the singular meaning include, unless the context requires, the plural meaning and vice-versa.

1.3 The headings in these Terms and Conditions are for convenience only and shall not affect its interpretation.

1.4 The Definitions shall be subject to the terms of these Terms and Conditions.

  1. LICENSE 2.1 You agree to store gold with G4 under the terms and conditions set out herein.

2.2 You may request delivery or withdrawal of your gold holdings on any Business Day, during Business Hours, provided all due fees have been paid and identification requirements met.

2.3 G4 shall store gold in an allocated manner within its secure vault. Clients will not have direct physical access to the gold storage area. Access is restricted to G4’s authorised personnel.

2.4 G4 may offer additional services such as photographic evidence of stored gold, remote monitoring, or third-party audits, subject to extra cost.

  1. SECURITY 3.1 G4’s vault is located in a fortified facility with multi-layered security systems, including 24/7 surveillance, alarm monitoring, and restricted access zones.

3.2 The gold storage area is separate from client-accessible safe deposit box areas and is accessible only by G4’s authorised personnel.

3.3 Clients agree not to enter the vault or interfere with storage procedures. All inspections or audits must be arranged in advance and conducted under supervision.

3.4 G4 reserves the right to refuse storage of any items deemed unsafe or non-compliant with local or international law.

  1. USE OF THE SERVICE 4.1 The Client may store gold that is legally owned and lawfully obtained. G4 may request documentation verifying ownership.

4.2 G4 reserves the right to inspect, reject, or report any item that raises suspicion or poses a threat.

4.3 The Client acknowledges that G4 does not provide financial advice, brokerage, or valuation services related to the gold stored.

4.4 The Client agrees not to store any non-gold or non-precious metal items unless explicitly authorised by G4 in writing.

  1. RISK 5.1 The Client stores gold at their own risk unless insured. G4 exercises reasonable care but is not liable for losses due to circumstances beyond its control.

5.2 G4 may assist the Client in arranging third-party insurance through Gibraltar-based providers. Insurance costs are not included in standard fees.

5.3 G4 accepts no liability for changes in the market value of gold or for damage caused by force majeure.

5.4 Gibraltar does not impose VAT, capital gains, or wealth taxes on stored gold, but clients are responsible for complying with the laws of their own jurisdiction.

  1. PAYMENT 6.1 Annual storage fees are calculated as follows:

  • Up to £50,000: £173

  • Up to £100,000: £287

  • Up to £200,000: £518

  • Up to £500,000: 0.3%

  • Up to £1,000,000: 0.25%

  • Above £1,000,000: 0.18%

6.2 All fees must be paid in advance for a minimum period of 12 months.

6.3 G4 reserves the right to adjust fees annually in accordance with market conditions.

6.4 Clients are responsible for any courier, audit, or additional service charges.

  1. TERMS 7.1 The standard contract period is 12 months, renewable annually unless terminated in writing by either party.

7.2 G4 may amend service availability, features, or conditions with prior notice.

  1. TERMINATION 8.1 The Client may terminate the agreement with 30 days’ written notice. All outstanding fees must be paid before withdrawal of any gold.

8.2 G4 may terminate this agreement with 90 days’ notice or immediately in the case of breach of terms or illegal activity.

8.3 If gold is not retrieved within the notice period, G4 reserves the right to relocate the items at the Client’s expense and risk.

  1. VARIATIONS OF THIS AGREEMENT 9.1 G4 may update these terms and conditions periodically. It is your responsibility to review the latest version available on the Website.

9.2 Material changes will be communicated in writing at least 30 days in advance.

  1. GENERAL 10.1 G4 may enforce any right or obligation under this agreement at any time.

10.2 This agreement is personal to the Client and may not be transferred or assigned.

10.3 Notices shall be sent via email or registered post to the last address on record.

10.4 This agreement shall be governed by the laws of Gibraltar. Both parties submit to the jurisdiction of the Gibraltar Courts.

10.5 In the event of a dispute, both parties agree to first seek resolution through mediation or arbitration before resorting to litigation.

For additional services, insurance guidance, or to schedule delivery/pick-up, please contact us directly or visit www.g4boxes.com.

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