Bullion stored with the Hard Assets Alliance in any of our vault locations is insured at full replacement value—not market value. That means if anything happens to your bullion, you’ll get back the same amount of metal as opposed to compensation in cash.
This is critical to gold’s application as a hedge against financial turmoil. In times of high volatility and distress in the markets, bullion coins and bars tend to be in short supply. And so they sell for large premiums over the spot price.
If your bullion were insured at market value, you would get cash based on the spot price, which is not nearly as good as getting your bullion back, especially in a crisis.