Legal Tender Services PLLC (LTS) serves as the legal custodian of all UPMA™ precious metal holdings. LTS, in turn, has contracted with various commercial vaulting services, including primarily Alpine Gold Exchange (a wholly-owned subsidiary of Goldback, Inc.), which maintains a precious metals vault located in Alpine, UT. Alpine Gold's state-of-the-art facility is the ideal solution for safe, secure, private storage of precious metals.
LTS, as well as each of its contracted vaulting and transit partners, are fully insured against loss or damage to the precious metal holdings in their care, custody and control. In addition, audits of all holdings are conducted on a daily basis. Members of the UPMA board of directors conduct independent physical audits of UPMA member holdings at least three times per year and report on their findings at the member meeting held in the fall of each year.
Member online accounts are password protected and subject to ssl encryption, with optional PIN and dual-factor authentication for sensitive transactions. In addition, members can enter a unique security question/answer combination to further restrict access to their personal information.
All UPMA™ data is also subject to continuous digital back up.