What happens to my account if GBI Direct were to go out of business?
Bailment structure and agreements with GBI ensure customer asset protection if HAA insolvent.
GBI Direct is a financially secure, stable business. However, we believe our customers deserve additional assurance. We have entered into agreements between GBI Direct and our parent company Gold Bullion International (GBI) and each of our vaulting partners (Malca Amit, Brinks, and Loomis) which clearly specify that the metal held in GBI Direct's account at each vault location is owned solely by GBI Direct's customers and is stored for customers' benefit under bailment. Should GBI Direct or GBI become insolvent or unable to perform business duties, the surviving entity shall step in and assume the other party's responsibilities with respect to customer metal.