Bullion Bars

Dan El Bullion Bars... private bullion banking at its finest.
Dan El offer two bullion bars in gold and one in silver, exclusively manufactured by London Bullion Market Association (LBMA) refineries.

As a Client of Dan El you can purchase these bars at cost and enter the gold and silver market on an equal footing with the big players in the international bullion market, and certainly at prices not generally available to the public. Dan El gains its commercial reward from the storage of Client bars, which is highly competitive at .009 (less than 1%) of metal stored per annum, paid in advance for the first 12 months and prorata month by month thereafter. Apart from the standard "transport to vault" fee of 15 cents per ounce, this is the only fee Dan El apply for its services in the purchase, storage, accounting, certificate issuance, certificate transfer or redemption, and the administration of Client's bullion holdings. Our bullion purchase costing is transparent and based on LBMA silver fix (12 noon London time) and PM gold fix (3pm London time) on business days.

CURRENT TIME IN LONDON


LMBA London

LONDON BULLION
MARKET ASSOCIATION

BULLION BAR COSTS

Dan El Bullion Bar purchase is calculated as follows:
GOLD BARS
400 troy ounce London Good Delivery Bar of  999.9 purity
USD per oz (LBMA PM Fix) x 400= USD
Refinery baring fee (USD 4.00 per ounce)= USD 1,600.00
Transport to vault fee (15 cents per ounce)= USD 60.00
TOTAL

1 kilogram Bar of  999.9 purity
USD per oz (LBMA PM Fix) x 32.151= USD
Refinery baring fee (USD 4.00 per ounce)= USD 128.60
Transport to vault fee (15 cents per ounce)= USD 4.82
TOTAL
SILVER BAR
1,000 troy ounce London Good Delivery Bar of  999.9 purity
USD per oz (LBMA Fix) x 1000= USD
Refinery baring fee (30 cents per ounce)= USD 300.00
Transport to vault fee (15 cents per ounce)= USD 150.00
TOTAL

HOW TO PURCHASE AND LIQUIDATE BARS

In order to proceed with a Dan El Bullion Bar purchase, you must first complete a Client Register form. Once your application is accepted, you will have access to Signet Secured Mail (SSM) which is Dan El’s proprietary secured communication system.

There are 4 simple steps for a Client to make a Dan El Bullion Bar purchase:
  1. Send SSM to Dan El indicating how much you intend to transfer stating how many gold and/or silver bars you wish to purchase. 
  2. Dan El will forward via SSM, bank coordinates for the funds transfer.
  3. Calculate the approximate cost of bar(s) you intend to purchase allowing for bank transfer fees and transfer funds to the Dan El account provided (as in point 2 above) with your initials as a reference on the bank transfer form.
  4. Once funds have been received, Dan El will make your purchase and forward details to you via SSM. This is usually achieved within two working days.
These 4 steps are to be repeated with each Dan El Bullion Bar purchase.

When the acquisition of the Client's bullion bar(s) has been completed and is securely vaulted, a unique counterfeit-proof Certificate for each bar purchased will be sent to the Client at the address nominated on the Client Register form. By arrangement the Certificate can be delivered to an alternate address.

A Client is at liberty to liquidate part or all of their bullion holdings at any time, by sending instruction to Dan El via SSM. Such sale to market is often to the refinery of origin and will usually be effected within 48 hours with the best possible price achieved. Funds will be transferred to the nominated Client account on the next business day. In some cases there may be a minimal charge for shipping Client bars back to a refinery/market. This will be charged at cost only.

Dan El recognise that there are those who understand the need for private bullion holdings yet an immediate purchase of a gold or silver LBMA bar would be out of reach. In these circumstances our Part Bar purchase system may well be ideal. 

PART BAR

Under this system a Client can accumulate (at their pace) a 1 kilo gold bar or a 1,000 troy ounce LBMA silver bar by purchasing ounces of bullion of not less than USD 1,000 per purchase. Dan El will purchase the Client’s metal (at cost) on account at a LBMA Refinery based on LBMA silver fix and PM gold fix, and when a Client has accumulated sufficient gold or silver to fulfill a complete Dan El bullion bar, Dan El will instruct the LBMA Refinery to pour the bar, and Dan El will take delivery and issue its unique counterfeit-proof Certificate to the Client. This Part Bar system allows a Client to purchase bullion at current prices and accumulate bars over time as there is no time limit on fulfilling a complete bar purchase. The annual administration fee for the acquisition of bullion under this Part Bar purchase system is .009 of the metal purchased.

A Client is at liberty to liquidate part or all of their bullion holdings at any time. Such sale to market is often to the refinery of origin and will usually be effected within 48 hours with the best possible price achieved. Funds will be transferred to the nominated Client account on the next business day. 

In order to proceed with a Part Bar purchase, you must first complete a Client Register form. Once your application is accepted, you will have access to Signet Secured Mail (SSM) which is Dan El’s proprietary secured communication system.

There are 4 simple steps for a Client to make a Part Bar purchase:
  1. Send SSM to Dan El indicating how much you intend to transfer and approximately what proportion of gold and/or silver you propose to purchase with those funds.
          Example 1. USD 7,800 - 60% gold & 40% silver
          Example 2. USD 5,000 - 100% gold
  2. Dan El will forward via SSM, bank coordinates for the funds transfer.
  3. Transfer funds to the Dan El account provided (as in point 2 above) with your initials as a reference on the bank transfer form.
  4. Once funds have been received, Dan El will make your purchase and forward details to you via SSM. This is usually achieved within two working days.
These 4 steps are to be repeated with each Part Bar Purchase.

HOW DO I BECOME A CLIENT OF DAN EL?

In order to become a Client of Dan El and purchase gold or silver bullion, a prospective Client is invited to first complete a Client Register form. This secure electronic form seeks to gather important information about an applicant including details of next of kin, and allows the Client to select an Access ID and Password for Dan El's proprietary secure email system - Signet Secured Mail (SSM). This server based form can be confidently accomplished and submitted to Dan El online, as Dan El utilizes multiple layered encryption to ensure maximum privacy in the transmission of this data. Alternatively, the Client Register form can be downloaded, filled out manually, and posted to the Dan El office.

A Client will be notified via regular email when the Client Register application has been approved, and the Clients Access ID and Password are live. (Should any Client Register application be declined, the applicant will be notified via email and the Client Register form destroyed to maintain confidentiality.)

Once approved, a Client will have entré to SSM and can begin to purchase Dan El Bullion Bars or Part Bars.

CLIENT REGISTER FORM

Client

Address
Next of Kin
Next of Kin Address
SIGNET SECURED MAIL
You will need to create your own ACCESS ID and PASSWORD for these fields, with a minimum of eight alpha-numeric digits for each field to allow you to open your private Dan El email box.

This private email system is for the exclusive use of Dan El Clients, and has been designed with extensive security features. You will be notified on how to access this system once your Client Register application has been approved.

SIGNET SECURED MAIL

Signet Secured Mail

As Dan El seeks to maintain the highest level of confidentiality in all dealings with its Clients, it is recommended that Clients use Signet Secured Mail (SSM). This proprietary secure email system is restricted to the exclusive use of Dan El's Clients and employs multiple "seals" of security to warrant private communiqués between Dan El and its Client. SSM can be accessed on the CONTACT page of this website, by clicking on the red seal and using the Access ID and Password as per your Client Register form.

PRIVATE VAULTS

Dan El Bullion Bars are at all times either vaulted in the respective LBMA Refinery, in vault to vault transit, or stored in Dan El's private vault facilities located in Central Europe and Asia. Dan El has taken great care in selecting extremely stable jurisdictions for its bullion storage.  Short of a force majeure, we believe our vaulting facilities are among the best the world has to offer.

OUR UNIQUE CERTIFICATE SYSTEM - THE WORLD’S FINEST

Certificates - a brief history
The fame and respect earned by the “Venetian Traders” of the late 16th and early 17th century, owe much to the integrity of the gold certificate system used to settle their trades. In 1587 the Central Bank of Venice, Banco della Piazza del Rialto, was recognized as the “bastion of just banking” by not engaging in lending out the gold deposited and stored in the bank's vault.  This banks' practice was to earn its reward in fees from bullion storage, exchanging of currencies, handling the transfer of payments between customers and notary services. The honorable prestige of such a banking system is beyond dispute, as history records that the reputation of Banco della Piazza del Rialto went before it.  It prospered to become the centre of Venetian commerce.

This bank's paper receipts (certificates) for gold stored in the vault, became widely accepted far beyond the country’s borders and in fact, instead of being discounted in exchange for gold coin, as was the usual practice, their certificates carried a premium over both vaulted and circulating bullion. The good name of Banco della Piazza del Rialto became its greatest asset.

Drawing from the success of the Banco della Piazza del Rialto model of "just bullion banking" Dan El developed its own unique certificate system. A lawful owner certificate is issued for each bullion bar on issue, and is dispatched to the respective Client when the corresponding weight of gold or silver bars are acquired by Dan El.  Dan El and its Client are the only parties that can ever have any interest in these bars, which are vaulted for the duration of the Certificate on issue and are never lent, encumbered or geared.  Dan El Gold & Silver Certificates can be confidently traded either in the open market or privately, knowing that the vaulted bullion is always "payable to the lawful owner on demand."

A Closer look
Dan El Gold & Silver Certificates are worthy of close examination.  These Certificates measure exactly 220 mm x 99 mm and are printed on an uncommon security paper stock.  This paper has within its fabric, randomly disposed ultra-violet fluorescent fibre, indiscriminately sited throughout the paper during the manufacturing process.
The random positioning, multiple colour and inconsistent shape of each fibre, provide the paper-stock with its own unique identity. No two Certificates possess the same "fingerprint". Additionally the serial numbers of each Certificate are non-sequential, and printed on a unique "silhouette" of invisible UV ink, which appends to the security of the system. Each Certificate is photographed under "black light" before being issued, making any attempt to counterfeit, futile.

A world first private bullion transfer system
These Certificates are designed to allow transfers to be conducted in a very simple and private manner. The Dan El Bullion Bar Certificate represents its underlying asset of gold or silver. Our certificate system is designed to record a transfer of a Certificate (and underlying bullion) to anyone whose Client Register application has been approved. Anyone can apply to become a Client of Dan El and Dan El charges no fee for a Client Register application.

A private bullion transfer can be achieved when both the transferor and the transferee are Clients of Dan El, and is done in this way:
  • The transferor and transferee, together create a "Transfer Code" known only to themselves. This code can have a maximum of 14 letters or numerals, or a mixture of letters and numerals. It may be a word such as "Doctor" or words and numbers such as "Olympic Games 08"
  • The Transferor settles any outstanding accounts with Dan El and sends instructions to Dan El via Signet Secured Mail stating: Certificate Number and Transfer Code.
  • The Transferee also sends instructions to Dan El via Signet Secured Mail stating: Certificate Number and Transfer Code.
  • When Dan El receives matching instructions from both the transferor and transferee, the transfer of the Certificate can take place.
  • The Transferor physically "hands over" the Certificate to the Transferee, who now has lawful ownership of the gold or silver bar in the vault.
  • Dan El treats a Certificate transfer as a new purchase by the Transferee, and the standard fee of ounces x .009 is applied.
  • No other fees are required
“Dan El Gold & Silver Certificates. Transparent to our clients... private from the world.”

Certificate redemption options
A Gold or Silver Certificate can be redeemed at any time by the lawful owner of the underlying bullion. The redemption can be in silver or gold bar, or any of Dan El Artisan Bullion products such as bullion coins, bullion jewelry, or Equity Trade Notes, etc. or in any legal tender currency, or any combination of these. Client's instructions to activate this can be sent via Signet Secured Mail.

A Client may plan to have a Certificate redeemed via a "Last Will and Testament" which is acceptable however, should a Client die without any specific directions, then the "Next of Kin" as nominated in the Client Register will be contacted accordingly. This is achievable from the data already provided in the original Client Register form.

STOLEN, CONFISCATED, LOST OR DESTROYED CERTIFICATES

Traditionally there have existed two forms of Certificates; “Bearer” Certificates, and “Legal Title” Certificates.

A Bearer Certificate is one where whoever holds possession of the Certificate (the bearer) is deemed to be the owner of the underlying gold or silver.  These are risky and least secure.  Should possession of the Certificate be gained by immoral means, or “windfall” the lawful owner of the underlying bullion is defeated.

A Legal Title Certificate is one where the party with legal title to the underlying bullion can redeem the underlying asset, irrespective of who possesses the Certificate. These are considered secure under most circumstances, however this form of Certificate does not obviate the occasion where “legal title” is gained by third party duress or the exercise of unjust statutes, thus defeating the lawful owner.

Dan El, being mindful of these two common forms of certificates, understands the importance of justice and morality in creating and administrating a Bullion Certificate System. We recognize that “legal” and “moral” are not always synonymous, as clearly not all that is legal, is necessarily moral.  In keeping with our claim that this is the finest certificate program in the world, we have pioneered a new form of Bullion Certificate holding that provides remedy to the flaws of both the bearer certificate and the legal title certificate.  This system places morality above “legality” and is called a “Lawful Owner Certificate”.

A Lawful Owner Certificate is one where only the lawful owner of the certificate is recognized by Dan El. There exists today, in some jurisdictions, laws of property ownership that are immoral, and where unjust confiscation of assets can be “facilitated” via statute.  The Lawful Owner Certificate system serves as a bar to such vice, and offers protection from third party duress and unjust statutory acquisition of a “Legal Title”. Therefore, should a Client lose a Lawful Owner Certificate, or have it confiscated, transferred by duress, fraud, corruption, unjust demand, or stolen, it becomes useless in the hands of the “holder” as the Lawful Owner Certificate is only “… PAYABLE TO THE LAWFUL OWNER ON DEMAND.”

Additionally, should a Client's Certificate be destroyed by fire, the Client would simply contact Dan El via Signet Secured Mail, stating the number of the Certificate in jeopardy, and Dan El will cancel the old Certificate, issue another, and send it to the lawful owner.
To issue a new Certificate, a fee of USD 150 will apply.

DAN EL BULLION BARS - BEYOND LBMA STANDARD

The world's finest Certificate system deserves superior bullion bars.

Superior Silver Bars
The industry benchmark for silver bars is the “LBMA Good Delivery Bar”. This exacting standard is internationally accepted, and today only 79 silver refineries in 25 countries worldwide bare the prestigious credentials that ensure their name has found its place on the “LBMA Good Delivery List”.

The silver bars vaulted by Dan El as the platform for their Silver Certificates, not only meet the minimum LBMA Good Delivery Bar Standard of 999.0 purity, but in fact exceed this standard, as Dan El only accept silver bars of 999.9 purity, which are hand selected to ensure that each bar weighs a minimum of 1,000 troy ounces.  By insisting on 999.9 silver, a Client enjoys a premium resale market should they choose to liquidate their holdings, as 999.9 silver is not only suitable for the traditional silver uses of photography, jewelry and silverware, coinage, welding, batteries, mirrors, silver coatings, catalysts, ceramic coatings, cloud seeding and engineering bushes, but 999.9 silver is the only purity sought for today’s top end electronics, electrical contacts, scientific bactericides, and for the dentistry and medical industries.

When purchasing the Dan El 1,000 troy ounce Silver Bar, Client's purchase exactly 1,000 troy ounces.  Any bar weight surplus over and above the 1,000 troy ounce, serves as a vaulted reserve.  This guarantees that the vaulted silver, against certificates issued, is always over and above Clients Silver Certificate claims.


Superior Gold Bars
The industry benchmark for gold bars is the “LBMA Good Delivery Bar”. Likewise, this exacting standard is internationally accepted, and today only 70 gold refineries in 28 countries worldwide qualify to bare the prestigious credentials that guarantee their inclusion on the “LBMA Good Delivery List”.  The gold bars vaulted by Dan El as the platform for their two Gold Certificates, not only meet the minimum LBMA Good Delivery Bar Standard of 995.0 purity, but in fact in 1 kilo form exceed this standard, as Dan El only accept gold bars of 999.9 purity for their 1 kilo Gold Certificate.  999.9 gold is not only able to satisfy the traditional markets of jewelry, coinage, electronics, treasury, dentistry, fountain pens, welding, watches, telephone switches, computer circuits and glass and porcelain coatings, but 999.9 is the preferred standard for the growing “cooking ingredient” market, and in 1 kilo bar form is the only bar accepted by the vast Indian investment market. Additionally the 999.9 1 kilogram investment bar enjoys the most liquid gold market in the world.

All gold bars for the Dan El Certificate System are hand selected to ensure that each bar weighs a minimum of 400 troy ounces or 1 kilo respectively.  When purchasing either a Dan El 400 troy ounce or 1 kilogram Gold Bar, a Client purchases exactly 400 troy ounces or 1 kilogram of gold respectively.  Any bar weight surplus over and above the 400 troy ounce or 1 kilogram, serve as a vaulted reserve.  This guarantees that the vaulted gold, against Certificates issued, is always over and above Clients Gold Certificate claims.


"Dan El welcomes the prudent scrutiny by any prospective Client to the Dan El Bullion Bar and unique Cerificate System. We trust your conclusions concur with existing Clients, that not only is this the finest and most prestigious Bullion Bar and Certificate System in the world today, but its privacy, security and affordability, surpass expectation."