S.T.A.R. Grams Terms & Conditions Update
After many technical and legal iterations, we are announcing changes to our S.T.A.R. Gram terms and conditions to set the path towards upgrading S.T.A.R. Grams holders from a “fully backed beneficial owner system” to a “fully backed legal ownership of specific bar portions” system.
The new terms and conditions will become effective on February 18th 2025 and primarily affect S.T.A.R. Grams. The changes ensure that these new ownership protections are reflected in your agreement with us. In practice these changes provide you with more transparency, a stronger legal standing and should enable you to use grams as collateral for loans in the future. You can review the terms and conditions, becoming effective February 18th, here.
Overview of the changes
Since inception, S.T.A.R. Grams have been a realtime, tamper evident system that is always fully backed as buy orders can only be closed if physical metal is available.
We are now also assigning specific fragments of physical bars to back our client’s S.T.A.R. Grams. Clients can use the S.T.A.R. Grams Explorer to view photos of the bars they own a share of.
Every bar backing S.T.A.R. Grams is viewable — e.g. this 400-ounce Rand Refinery bar.
An important feature of this new system is “bar assignment swaps” which re-assign bar fragments daily to keep earliest bars fully allocated and the latest bars free of assignments for liquidity purposes.
This “defragmenting” is logistically needed because without them:
- For every purchase a client would have a new bar fragment, creating a messy collection of small partial bar holdings instead of consolidated bar holdings.
- Widely spread out bar fragments would make it difficult for us to sell specific bars once clients wish to sell their grams, stifling liquidity.
The defragmenting is a simple process:
- Bars are sorted by their S.T.A.R. Grams vaulting date
- Clients are sorted by their first S.T.A.R. Grams order date
- Bars are matched to their owners in this order
Therefore, your bar assignment might be swapped day to day as other clients buy and sell their holdings. The day’s official ownership is set at end of day shortly after midnight Singapore time, becoming the official assignment for the prior day.
Additionally, for every S.T.A.R. Gram purchase, an invoice is created and the allocation for this invoice is listed in the ownership list along with your prior day holdings. The next day your invoice and holdings fragments will be aggregated.
If you have any questions regarding the upcoming changes, please write to us at: [email protected]
Our new recording studio in The Reserve is now operational
Our founder, Gregor Gregersen, sat down with Patrick Vierra in our new studio to discuss the increasing role of gold in geopolitics, China's possible reaction to increasing sanctions and much more.
The new SBTV recording studio overlooking our Main Silver Vault.
In our exclusive interview video, we provided our thoughts on:
- What financial warfare between the US and China could look like
- The role that trusted, neutral, wealthy and well defended jurisdictions could have in the future
- Reliable ways to protect oneself in systemic crises
Gain the clarity to position yourself effectively in a transforming world. Be prepared for tomorrow’s opportunities and challenges.