Your gold is held separately from the Company's own assets. An independent trustee acts on behalf of customers, and the gold backing your account is transferred to an appointed Custodian. When you ask for delivery, the gold is removed from the Custodian and couriered to you. The Security Trustee holds a charge over this gold ahead of other creditors until delivery, so any unlikely adverse event affecting the Company should not affect the gold in your account. The title to the gold rests with you — it is never an asset of the Company.