What happens to my account if GBI Direct were to go out of business?
Customer metals are held in bailment and protected in the event of GBI Direct insolvency.
GBI Direct is a financially secure, stable business. However, we believe our customers deserve additional assurance. GBI Direct has entered into agreements with each of our vaulting partners (Malca Amit, Brinks, and Loomis) which specify that the metal held under GBI Direct's account at each vault location is owned solely by GBI direct customers and is stored for the customers' benefit in what is known as bailment.
Should GBI Direct become insolvent, our vaulting partners understand and have agreed to take direction from the courts which would oversee that process.