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I’m a US citizen. Why do you need my date of birth, address, and Social Security Number or Tax ID to open my account?

We require a date of birth and TIN/SSN from U.S. citizens for several important reasons:

  1. Ownership and Control: Your date of birth and TIN/SSN help us accurately link your account to you, ensuring that ownership and control of your assets are clearly and legally established in your name.

  2. Tax Reporting: For certain bullion transactions — such as sales that meet IRS reporting thresholds — we are required to file Form 1099-B or similar reports with the IRS on your behalf. Your TIN or SSN is mandatory for completing this tax reporting accurately.

  3. Regulatory Compliance: U.S. regulations — including the Bank Secrecy Act and Customer Identification Program (CIP) rules under the USA PATRIOT Act — require us to verify the identity of all account holders, similar to the requirements placed on banks and brokerage firms. In most cases, your date of birth, address, and tax information are all we need. On rare occasions, we may request additional documentation — such as a government-issued photo ID — to complete verification. If so, we will reach out to you directly after you submit your account application.

Rest assured, we do not sell your information to third parties. For more details on how we collect and use your information, please refer to our privacy policy.