BUCS value is based on precious metals held in SCCS Ltd. possession
Quality bars are on the shelf BEFORE we set BUCS in motion for sale. BUCS startup value is calculated out of the total value of precious metals held in the vault.
Vault inventory report comes in on every 1st of the month. Also there is a Bureau Veritas audit done once a year. All vault holdings are fully insured by Marsh Insurance, London, UK.
Silver and gold certificates are issued and guaranteed by the Royal Bank of Canada. Same stands true for the Green Fund.
All those document and certificates are available to every BUCS shareholder upon request.