BPG Kovine
BPG Kovine is a licensed bullion dealer, a boutique precious metal refinery and a registered investment manager. BPG Kovine specializes in active commodity management with global exposure to precious metals. BPG Kovine is operating one of the most secure precious metal storages in Europe. Furthermore, BPG Kovine is a SWIFT user in the category of Supervised Financial Institution.
Terms of use
By using this Site you agree to accept and comply with the terms and conditions of use stated below (“Terms of Use”).
BPG Kovine provides the following services:
i. BPG Kovine is a publicly listed company. BPG Kovine’s shares are listed on the Vienna Stock Exchange under the symbol BPGR. Current market capitalization is in excess of 28 mln Eur.
ii. BPG Kovine is a licensed bullion dealer
iii. BPG Kovine is a licensed boutique precious metal refinery
iv. BPG Kovine is a registered investment manager
v. BPG Kovine is a swift member (supervised financial institution)
Depending on your country of residence you may not be able to use all the functions of the gateway. It is your responsibility to follow the rules and laws of your country of residence and/or country from which you access our gateway.
By using the services, you confirm that you accept these Terms of Use.
I. RISK FACTORS
Any you further acknowledge that you understand the risks associated with gold:
The value of XAU fluctuates based upon the price of the gold. Fluctuations in the price of gold could materially adversely affect the value of XAU. This creates the potential for losses, regardless of the period of time that you hold the XAU.
Several factors may affect the price of gold and, as a result, the value of XAU, including the following:
- Global supply and demand, which is influenced by factors including: (1) forward selling by gold producers; (2) purchases made by gold producers to unwind gold hedge positions; (3) central bank purchases and sales; (4) production and cost levels in major gold-producing countries; and (5) new production projects;
- Investors’ expectations regarding future inflation rates;
- Currency exchange rate volatility;
- Interest rate volatility; and
- Unexpected political, economic global or regional incidents.
There is no guarantee that the high trading price of gold will be sustained. The international gold market has experienced historically high trading prices in the past. Because there can be no assurance that this historically high trading price of gold will be sustained, there could be significant decreases in the value of XAU.
Future governmental decisions may have significant impact on the price of gold, which may result in a significant decrease or increase in the value of XAU.
Generally, gold prices reflect the supply and demand of available gold. Governmental decisions, such as the executive order issued by the President of the United States in 1933 requiring all persons in the United States to deliver gold to the Federal Reserve or the abandonment of the gold standard by the United States in 1971, have been viewed as having significant impact on the supply and demand of gold and the price of gold. Future governmental decisions may have an impact on the price of gold, and may result in a significant decrease or increase in the value of the net assets and the net asset value of the Fund.
II. MAINTAING UP-TO-DATE DATA, TRANSACTIONS AND DATA RETENTION
By registering with us, you agree to provide BPG Kovine with current, accurate, and complete information about yourself as prompted and you further confirm that you will not use our services to perform criminal activity of any sort, including but not limited to, money laundering, or terrorist financing. You also understand that XRP Ledger transactions are recorded into the XRP Ledger block chain that can be consulted by anyone, anywhere with an internet connection and a browser.
III. TERMINATION:
You may close your Account at any time, following settlement of any pending transactions.
You also agree that we may suspend or terminate your accounts for any reason, including without limitation: usage of the Service to perform illegal activities such as money laundering or financing terrorism, or other criminal activities, violations of these Terms of Use, failure to pay or fraudulent payment for Transactions, upon the request of law enforcement or other government agencies, if deemed to be legitimate and compelling by BPG Kovine.
IV. JURISDICTION:
The Terms of Use shall be governed and construed in accordance with Slovenian Law.
V. LIMITATION OF LIABILITY AND INDEMNITY
To the extent permitted by law BPG Kovine will not be held liable for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss unless the loss suffered arising from negligence or willful deceit or fraud. To the full extent permitted by applicable law you hereby agree to indemnify BPG Kovine against any action, liability, cost, claim, loss, damage, proceeding or expense suffered or incurred if direct or not directly arising from your use of BPG Kovine gateway.
VI. MODIFICATION
BPG Kovine reserves the right to change, add or remove portions of these Terms, at any time, by its sole discretion.
VII. CONTACT
If you have any questions relating to these Terms of Use please contact us at lyptoex@bpgrefining.com
FAQ
What is XAU
1 XAU is the right to redeem 1 gold gram bar (fineness 999,9). The XAU are issued to your wallet by BPG Kovine.
How to purchase XAU
You can purchase the XAU on the GateHub trade section where you can place a buy order to buy XAU.
How to sell XAU
On the trade section of the platform place a sell order. You can decide to exchange XAU for EUR, USD, ETH, BTC, … The fiat currencies can be wired to a bank account of your choice or you can choose that the gold bars are sent to your address.
How to Redeem / Withdraw XAU
Choose our withdrawal option and we will Fedex you your gold bars. Minimum redemption amount is 10 XAU = 10 g in its multiples (e.g. 10 g, 20 g, 30 g, etc.). We will Fedex you a Good Delivery bar.
Why hold XAU
Gold has held its value for ever. Use gold to hedge against inflation, currency failure and controls.
100% backing
There is a lot of paper gold (see Comex Gold Cover Ratio – 293 ounces of paper per ounce of registered physical). We operate on a 100% backed basis. We assign 1 g of gold bullion to every single XAU.
Is gold real
We own a precious metal refinery and our storage is regularly audited by Bureau Veritas.
Delivery of gold
You can pick up your gold at our premises in Ljubljana, Slovenia or you can have the gold bars delivered to your address via Fedex or by regular post worldwide.
Customer’s Obligations
Customer is Obliged to submit the registration and identification documents (EIN, SSN, GST, etc.) upon the request of Customs Control.
Contact
Address
BPG Kovine d.o.o.
Litostrojska 44a
1000 Ljubljana
Slovenia, Europe
