Update to Silver Bullion User Agreement
In early April our User Agreement was revised and re-organized to introduce several upcoming services. Unfortunately, the revision also ended up including clauses, which a number of customers pointed out, were too generic, unnecessary, one-sided or did not reflect what Silver Bullion stands for. Often these were "boilerplate" industry clauses.
In the upcoming revision v.20180609, which becomes effective as of June 9th, 2018, we are atoning for these one-sided clauses. We worked closely with S.T.A.R customers and sought their criticisms to create an agreement that reflects Silver Bullion's services without hiding behind the kind of boilerplate text that is so prevalent in the industry.
This revision does not make material changes in the services provided, but removes much of what could be viewed as "legal escape clauses". As part of this de-cluttered agreement, we felt it necessary to list the four pillars which define our storage system and explicitly state that these will never be changed.
The four pillars described and escribed in the User Agreement will protect your stored wealth in a crisis to a degree and with a transparency that no other physical system does. Following is the revised four pillar text:
We will not introduce policies or revisions to this Agreement that can go against these core values or which prevent us from ensuring that the Customer’s property:
- is physically present, tracked, and deliverable [see Parcels and Auditing]
- is owned by, and only by, the Customer [see Be An Asset Owner]
- is genuine and unencumbered, unless encumbered by the Customer himself [see DUX Testing and The Genuinity Guarantee]
- is under Singapore jurisdiction [see Exclusive Singapore Jurisdiction]