A fair, honest answer to the most important question: when you save with Gold Evolution, what actually stands behind your gold?
When you save with Gold Evolution, you are not lending us money the way you would with a bank deposit. You are buying real, physical gold that is held against your account. Here is exactly what protects it — and, just as importantly, what we don't pretend to offer.
Every gram you save is individually allocated to your name and backed one-for-one by physical 999.9 fine, LBMA-standard gold that we hold. It is a tangible asset in your name — not a paper claim, an IOU, or a loan to us.
We operate a strict solvency rule: the total gold owed to all customers never exceeds the physical gold we actually hold, and in practice we keep a buffer above that. New gold is only ever added to our stock when we physically buy the bars — never created from thin air.
This is the ultimate protection: once you reach the minimum for a bar, you can convert your savings into a physical gold bar and take delivery yourself. Holding your own gold means you are never dependent on us — or anyone else — continuing to operate.
Gold Evolution is a Registered Dealer regulated under Singapore's Ministry of Law (Precious Stones and Precious Metals Act), UEN 202443296N, and we comply with applicable AML/CFT requirements and record-keeping obligations.
Live buy and sell prices shown before you confirm, an invoice for every purchase, allocation records tied to your account, and an internal reconciliation that continuously checks physical gold held against gold owed.
"Backed by gold" shouldn't be something you just take on faith. Here is how you can actually check — today, without taking our word for it:
Log in any time to see the exact grams allocated to you, every transaction, and an invoice for each one. Your position is tied to your account and reconciled against the physical gold we hold — it isn't a number we can quietly change.
You can convert your savings to a physical bar and take delivery yourself (subject to bar minimums). This is the strongest proof of all: if the metal weren't there, you simply couldn't withdraw it.
What backs your savings is specific, physical 999.9 fine gold bars — each with its own assay / purity certificate and serial number — not an entry in a spreadsheet. We can provide the supporting documentation on request.
The physical gold is kept in a Certis CISCO Safe Deposit facility at Paya Lebar — one of Singapore's most trusted security names — stored separately from the money we use to run the business. It is held for customers, not used as our working capital.
Being straight about audits: we do not yet publish regular independent third-party audit statements, and that's a fair thing to ask for. It's the next step on our transparency roadmap. Until it's live, you can verify your own holdings in-app at any moment, take physical delivery of your gold, and request our bar and storage documentation directly — hello@goldevolutionsg.com.
When you sell gold back to us, the sale concludes only when we pay you — the gold and the money change hands together. Until that payment is made, the gold remains yours: a sell request that's waiting to be paid is just that, a request, and your gold is still held in your name and still yours to keep or take delivery of instead.
This isn't only good practice — it's how a gold-for-money exchange must work to stay Shariah-aligned (settled hand-to-hand, not on credit). It also means you're never left having "sold" your gold while waiting on us for cash: if a payout ever can't be made straight away, you keep your gold and can simply take physical delivery of it.
A fair question — you should ask it before trusting anyone with your savings. The honest answer rests on the points above:
Trust is built on being straight with you, so here's what we don't claim:
We are a gold dealer, not a bank. Gold savings are not covered by the Singapore Deposit Insurance Scheme (SDIC) — that scheme only protects SGD cash deposits at licensed banks. Worth knowing: gold bought through a bank isn't SDIC-covered either, and most bank "gold accounts" are unallocated, meaning you're simply a creditor of the bank rather than the owner of specific metal. With us, it's allocated physical gold in your name.
Gold's price moves up and down. We never guarantee a return, and the value of your holding can fall as well as rise. What we protect is that your gold is genuinely there and genuinely yours — not what the market does next.
We're happy to walk you through any of this — no pressure, no jargon.
This page explains our model in plain language and is not financial, legal, or tax advice. Your use of Gold Evolution is governed by our Terms of Service.