DISCLAIMER AND COPYRIGHT

This website, its contents, it's research department articles and interviews, bullion account operational procedures and bullion account User Agreement was accurate at the time of posting and is effective from June 2003.

This website provides information on The Anglo Far-East Bullion Company and its products and facilities, and is not offering investment advice. This website, its contents, it's research department articles and interviews should not be considered or construed as investment advice.

Anglo Far-East Bullion Accounts provide a facility for those who have already clearly decided their own investment strategy and direction, and decided on their involvement in precious metals ownership prior to approaching the company.

The authors of this website and directors, advisors and third party suppliers of The Anglo Far-East Bullion Company accept no liability for an individual's investment decisions.

The Bullion Account Holder agrees to hold Anglo Far-East harmless and in no way liable both now or in the future as a result of the client's decision to purchase, sell or hold gold or silver bullion.

Investments and/or holding positions within precious metals may be risky and may incur loss. Bullion Accounts and Gold and Silver Heritage Certificates pay no interest or dividend to the Client.

For more details refer to USER AGREEMENT

(c) Copyright 2003
The Anglo Far-East Bullion Company

WHAT IS THE COST OF ESTABLISHING AN ACCOUNT, AND WHAT ARE THE FEES FOR OPERATING THE ACCOUNT ?

Initial account application and establishment is free from charge.

Fees are charged on a transaction basis. Our fee schedule is available from our BANKING HELP link in the left margin of any page or click HERE

ADVANTAGES OF BULLION BANKING
WITH AFBC

BULLION BANKING WITH AFBC OFFERS SOME IMPORTANT ADVANTAGES, BENIFITS & FEATURES

INDEPENDENT VAULT STORAGE AND GOVERNANCE : This is the key feature with AFBC bullion banking. Client bullion holdings are independently vaulted OUTSIDE of the larger institutionalised bullion banking industry.

Increasingly, research and analysis now in the public domain, indicate large short positions and highly fractionalised bullion holdings on the books of large bullion banks. Many market analysts and commentators fear future systemic failure in the bullion industry, putting at risk bullion holdings of bullion service providers utilizing the bullion banking industry for the storage of their clients bullion holdings. MORE

AFBC's independent vaulting and strict governance fully protect and insulate its client's from this type of market failure.

100% BULLION BACKING & GOVERNANCE : Client Bullion Accounts are at all times backed by a minimum of 100% gold or silver bullion. Bullion holdings held on behalf of bullion account holders are independently audited and verified to confirm an a minimum of 100% bullion backing, and are further protected by an Independent Third Party Custodian.

OUTRIGHT OWNERSHIP : AFBC bullion account holders have OUTRIGHT and COMPLETE ownership of an unecumbered, actual and defined amount of physical bullion.

With many bullion equity and investment schemes, the shareholder owns a beneficial interest (or shares) in a company, investment trust or equity, which inturns owns physical bullion (most times this bullion is stored by institutional bullion banks - see Independent Vault Storage above). The value of the shareholder/investor's shares is determined by the value and security of the company's bullion holdings.

Owning shares or a beneficial interest in a company is not the same as OUTRIGHT ownership of physical gold and/or silver.

SECURITY & SAFETY : The operation of Bullion Accounts is designed to fully protect the account holder and their bullion holdings. Safety features have been designed to provide the greatest level of security, while maintaining the individual account holder's privacy, and ease of account dealings.

LOW MARGINS Bullion Accounts enable the client to buy and hold gold and silver bullion at very competitive and low margins above the spot price of the metal. Purchasing physical precious metals in other forms can command much larger margins above the spot price of the metal.

LIQUIDITY & FLEXIBILITY Bullion held in Bullion Accounts is extremely liquid, and can be very rapidly and easily sold at the bullion spot price on that day. Alternatively at any time, clients may take physical delivery of their underlying physical bullion.

COST EFFECTIVE HOLDING : Bullion Banking clients are part of a large group of precious metals investors and owners managed by AFBC, and are therefore able to take full advantage of "large scale" cost savings associated with buying, vaulting, insuring and reselling of their gold and silver bullion in large wholesale quantities.

SECURE ONLINE TRADING Bullion accounts allow the client to securely, rapidly and privately trade physical gold or silver through the security of online encrypted electronic lodgment of instructions.

BULLION ACCOUNT TRANSACTIONS : In many cases, bullion accounts from large bullion banks require a minimum initial outlay of US $50,000 or more. AFBC Bullion Accounts accommodates the purchaser who wants to start with a smaller affordable investment of just a few ounces at time.

WHAT IS A BULLION ACCOUNT ?

Bullion accounts (sometimes referred to as "Metal Accounts") operate like any normal bank account, excepting that the accounts are held in, and denominated in ounces of gold and/or ounces of silver.

Bullion accounts allow the account holder to purchase bullion at the metal spot price on any given day, plus a minimal administration and management fee (in most cases, buying gold in other forms, such as coins or bullion bars, command a much higher premium over the metal spot price).

WHY ESTABLISH A BULLION ACCOUNT ?

To utilize our AFBC bullion banking facilities, requires a client to establish a bullion account. This is done simply and quickly by submitting an Account Application Form HERE

Clients must establish their bullion account before they are able purchase bullion for their account (this DOES NOT apply to purchasing bullion coinage).

There are no fees associated with bullion account establishment.

WHO CAN APPLY FOR A BULLION ACCOUNT ?

Any individual or entity may apply for client account, including natural persons, companies, corporations, natural and registered trusts, or other entities.

WHAT IS THE MINIMUM AMOUNT REQUIRED TO CREDIT MY BULLION ACCOUNT?

We have no minimum, however in many cases the funds required to credit your account will require you to transfer funds via an international funds transfer (sometimes referred to as a bank wire or telegraphic transfer). International funds transfers can cost up to $40 in intermediary bank fees. Therefore, your account credit should be of a sufficient amount to make the funds transfer, after bank fees, cost effective.

We have many clients that treat their bullion account as a regular savings account, and will credit their bullion account with an amount of just a few hundred dollars each month. Bullion accounts suit many people, as their savings are in the tangible form of gold and/or silver, internationally diversified, and they maintain full and outright ownership.

WHEN I HAVE PRECIOUS METALS IN AN AFBC ACCOUNT, DO I ACTUALLY OWN THE METALS AND WHERE ARE THEY HELD ?

YES, when you have credited your account with gold and/or silver, you have full outright ownership of those precious metals. This means that we have gone into the physical gold and silver markets and purchased precious metals on your behalf.

Anglo Far-East Bullion Company has taken actual-physical-delivery of the gold and silver and is now storing those metals exclusively for you in a pool of precious metals. Your gold and silver is being independently vaulted outside the institutionalised bullion banks and is at all times managed under our strict custodial governance.

ARE OTHER ACCOUNT TYPES AVAILABLE?

A client bullion account has several sub-account types that are linked to the your gold and silver account.

These include EUR cash management, USD call account, ATM account (USD) and Swiss Capital account. The advantage of having these account types linked to your bullion account is that it provides the highest degree of flexibility. You are able to easily and quickly transfer or swap between account types.

WHAT PERSONAL INFORMATION AND IDENTIFICATION IS REQUIRED TO ESTABLISH AN ACCOUNT?

An initial account application maybe informal. This means that the applicant is able to apply for an account with minimal personal information being supplied at the time of application(i).

However, once the client starts to move funds into their account, our Client Services department is required to conduct routine KYC (Know Your Client) procedures. Depending on the size and frequency of transactions, this will include personal identification, beneficial interest and source of funds, etc. Disclosure of client information is subject to our strict privacy policy.

(i) Account approval is solely at the discretion of AFBC.

HOW ARE ANGLO FAR-EAST DEBIT CARDS LINKED TO CLIENT BULLION ACCOUNTS?

Debit cards are available to active bullion account clients. While the debit card account itself is denominated in USD, the cardholder may choose to have their bullion account debited on a regular basis to fund the debit card account. By utilizing this option, in effect cardholders are holding funds for their debit card in gold.

HOW DO I FIND OUT MORE ABOUT OPENING AND OPERATING BULLION ACCOUNTS ?

To apply for a bullion account follow the NEW ACCOUNTS link in the left margin of any page or click HERE.

Comprehensive information and help on the operation of bullion accounts is available from the BANKING HELP link in the left margin of any page or click HERE.

If you are unable to find specific answers to your questions in BANKING HELP send an email to Client Services HERE

HOW CAN I BE SURE THAT THERE IS GOLD IN THE VAULT TO COVER THE GOLD THAT I OWN?

Anglo Far-East bullion banking operates under strict internal and external governance. At all times there is a minimum of 100% gold and silver in the vaults to cover all client claims. Full details on AFBC's corporate governance is available by following our GOVERNANCE link in the left margin on any page or click HERE

GOVERNANCE IN BRIEF
AFBC retains the services of an independent 3rd party Trust Company. There is no cross-ownership or cross-directorship between AFBC and the Trust Company. The Trust Company provides several important functions in AFBC's bullion custodial governance. The Trust Company is counter-signatory over bullion vaults. No access can be made to bullion vaults without the authorisation and signatures of both AFBC and the Trust Company.

AFBC utilizes the vaults of accredited members of the London Bullion Market Association, and all bullion is insured to a full 100% of its current market value.

HOW MUCH SHOULD WE OWN IN PRECIOUS METALS?

It is generally our recommendation that you should own somewhere in the vicinity of 5% to 20% of your total net worth in precious metals. By net worth we mean your unencumbered, freehold, net worth. Everybody's situation is a little different. That percentage should also depend on factors such as your personal short-to-medium term outlook for the future, your perceived future earning capacity, your age and other similar factors.

IS IT BETTER TO OWN GOLD AND SILVER IN THE FORM OF COINS OR A BULLION ACCOUNT?

Either method of ownership has advantages over the other.

COINS
Bullion coins allow you to own gold and silver in a defined, small form. Coins are instantly accessible and tradable should the immediate need arise, making them the ultimate financial catastrophe insurance. However, due to the manufacturing (minting and fabrication) and shipping costs, purchasing gold and silver in the form of coins is considerably more expensive than bullion accounts. This added margin is usually lost should you decide to resell those coins ahead of a financial catastrophe. As with any valuable, there are safety and storage issues to be considered.

BULLION ACCOUNTS
Bullion accounts still provide the account holder with full outright gold and silver ownership, and also provide several advantages over owning precious metals in other forms. Due to the lower initial fees involved, owning precious metals in your bullion account means that you can buy and own more gold and silver for your investment. Your bullion is professionally managed by security vault specialists and fully insured to its current market value.

Bullion accounts provide far greater liquidity. This means that you can sell any amount of gold and silver from your account on any day, as simply as making a phone call or sending an instruction, and the money is transferred into your currency bank account within 24 hours.

HOW WOULD YOU DESCRIBE ANGLO FAR-EAST IN A FEW WORDS?

The Anglo Far-East Bullion Company is a privacy oriented, client focused company. The company believes in traditional values in banking such as being fully backed, and non-fractional-reserved. The company endorses and encourages a debt free lifestyle, with a commitment to personal savings and diversification, both geographically (internationally) and in asset class (for example the inclusion of precious metals in client's asset portfolio).

The company is relationship based and strives to build a one-on-one personal relationships with each of its clients.

WHAT IS THE MAIN DIFFERENCE BETWEEN PRIVATELY ISSUED AND GOVERNMENT ISSUED BULLION COINAGE?

Under the currency or coinage Acts of almost all nations, the government (and/or central bank) at all times directly owns the coins and notes issued in that country. This means that if you purchase a bullion (gold or silver) coin issued by government, you are only the BEARER of the coin, and never the outright owner. The issuing government owns the coin. Should the government decide to recall that coin, which they can do at any time they wish, they will pay you for the face value of the coin, and not its true metal value. Governments have a long history of recalling bullion coinage when their economies head into rough times, a recent example in the western world being 1933 in the US.

When you purchase non-legal-tender, privately issued coinage, you are the outright owner, not just the bearer. You now have outright ownership of bullion coins of a fixed and defined weight and purity, which are freely exchangeable for other goods or services in the free-market, and cannot be recalled by an issuing government.

HELP CALL REQUEST

GETTING YOUR QUESTIONS ANSWERED IS QUICK & EASY ; Do you have questions about our Bullion Accounts, Private Trust Services, corporate or custodial governance, or the Trans-Global Currency Card ?
How can Anglo Far-East facilities be tailored to suit your individual investment or asset allocation requirements? Whatever your question, use our call service.
Simply fill out the form, nominate a time and one of our client services representatives will call you.

Your questions can be answered quickly, efficiently and completely confidentially by speaking with an Anglo Far-East representative.

One of our client services representatives will call you at a time and phone number nominated entirely by you. This free call service is available anytime, 7 days a week to any part of the world.

NOTE : Allow a minimum of 24 hours between submitting this form and your preferred call time. Our representative will make every effort to contact you at your preferred time and day. Please provide a valid email address. If our representative is unable to call you at your nominated time, you will be advised by return email.

• YOUR PRIVACY

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CLIENT PRIVACY

CLIENT PRIVACY : Information security and client privacy is one of the highest priorities of AFBC. As a client you entrust AFBC with your personal identification and financial information.

OUR INTERNAL PRIVACY POLICY AND PROCEDURES : We maintain strict corporate policy and procedures to insure the privacy and security of our client records. These practices ensure that your records will not at any time fall into the hands of unauthorised third parties, and include;
1) Strict non-disclosure, non-information sharing policy. At no time will your identification or account records by made available to non-affiliated third parties.
2) A blend of international jurisdictions that strictly protect client privacy by law - See INTERNATIONALLY BASED
3) Leading edge database firewall and encryption systems - See SYSTEM AND INFORMATION SECURITY

MANAGEMENT AND STAFF :Our hand-selected staff understand the responsibility that comes with managing client's personal information, and are committed to protecting and upholding our client's complete right to full privacy.

BANKING OPERATIONS HELP

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