Gold and silver accounts through UPMA are different from traditional bank accounts in terms of safely preserving wealth and minimizing risk. Banks only maintain between 2% to 4% of their reserves as cash while UPMA accounts are 100% backed with physical gold and silver that is never leased. UPMA accounts aren't subject to bank holidays, bail-ins, capital controls, digital theft, or year to year losses in value through inflation. Read below to see some of the other ways members are protected.

Lloyd's of London Headquarters in London. 

Lloyd's of London Headquarters in London. 

Insurance

     At a traditional bank, depositors typical receive up to $250,000 in FDIC insurance. What fewer people know is that by their own admission, the FDIC only maintains about 1% of the reserves needed to fully insure all bank depositors. This has led to some skepticism over the value of such insurance if a major financial institution were to fail. UPMA insures the full value of each gold and silver account 100%, regardless of size, through private insurance. Copies of the insurance policy are available upon request.

Members of UPMA may check the books and see the gold themselves.

Members of UPMA may check the books and see the gold themselves.

Audits & Accountability

     Audits of holdings are available to any member upon request. In order to be transparent, UPMA permits members with balances in excess of 40 ounces of gold to request to participate in periodic physical audits. We are unaware of any other vaulting company that offers this level of access. Members interested in participating in a routine physical audit should send us an email request.

At UPMA we keep paper records of all transactions and holdings.

At UPMA we keep paper records of all transactions and holdings.

safer than cryptocurrency

     Americans lose billions of dollars a year from digital theft such as hacking. While cryptocurrencies have provided more options, they haven't fully dealt with this problem. The problem with digital money is that it could be stolen digitally with little or no recourse available. Hackers can't digitally steal from a UPMA account because all the physical gold and silver is sitting in a vault, not cyberspace. In the event of a catastrophic attack on our database we still have all of the gold. We keep multiple digital copies of all of our information and hold them offline. These can be used to quickly reboot the system. UPMA also prints a daily paper record of all member holdings. It isn't possible to hack or digitally alter a printed list in a filing cabinet.

Wealth management is simply risk management.

Wealth management is simply risk management.

Don't put all your eggs in one basket.

     There is a popular adage that "If you don't hold it then you don't own it". It should be pointed out that there is no known completely risk free way to preserve wealth. There are 2,000,000 reported home burglaries in the U.S every year. Thousands of families have their metals stolen from their homes in the U.S annualy and most homeowners insurance policies won't cover it. People that go to the extremes of burying or hiding their gold or silver have at times left their families destitute when they unexpectedly die and take the knowledge of the hidden location with them. While it may be wise to hold some metals at home in case of a biblical disaster, UPMA offers accounts that will weather any banking holiday or other financial crisis.

Salt Lake City, Utah

Salt Lake City, Utah

Utah is America's best place to vault

     UPMA is located in the state of Utah and only vaults within the state because Utah is the most favorable jurisdiction regarding precious metals within the United States. In 2011 Utah passed the Legal Tender Act which is still the most comprehensive law in the country supporting the use of sound money. Members of UPMA may be from any state. Utah's Attorney General Sean Reyes spoke at the UPMA annual summit in support of the program, this can be seen here: