{"id":446,"date":"2023-06-23T14:19:01","date_gmt":"2023-06-23T14:19:01","guid":{"rendered":"https:\/\/www.backedbygold.com\/?page_id=446"},"modified":"2023-06-26T19:41:38","modified_gmt":"2023-06-26T19:41:38","slug":"become-a-participant","status":"publish","type":"page","link":"https:\/\/www.backedbygold.com\/index.php\/become-a-participant\/","title":{"rendered":"Become a participant"},"content":{"rendered":"\t\t
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Become a
PARTICIPANT<\/span> IN tHe<\/p>GOLD<\/span> EXCHANGE
PROGRAM\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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exchange program
PArticipants rights<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tAfter submission and approval of Participant\u2019s account application and agreement, the Participant is
granted the following Intercontinental Metals Exchange, LTD Rights.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Participant has the right to purchase a 1 Kilo bar\/s up to 5 Kilo bars, (1\/2 Kilo bar, 1\/4 Kilo bar, 1\/8 Kilo bar increments accepted upon prior Exchange approval). Prior Exchange approval is required for 5 or more bars to be purchased and traded. Once the Exchange has received the purchase request then the Exchange will give Participant notice of the time required for the Exchange to fulfill such order for the number of additional gold bars to be purchased.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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It is a time-tested way to diversify and balance your portfolio. Historically, as the stock market goes down, gold prices go up.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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It is a time-tested way to diversify and balance your portfolio. Historically, as the stock market goes down, gold prices go up.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Once each gold bar is purchased and is entered into the IMX Gold Trading Program, the Participant is entitled to receive the amount of 3.5% return quarterly of the original purchase price of each gold bar purchased from the exchange and entered into the IMX Gold Trading Program. The quarterly return is calculated on a \u201cDaily\u201d basis whereas should a bar, or any additional gold bars purchased, enter the Program during the middle of a quarter and prior to the start of the next quarter, each trading day of the gold bar prior to the beginning of the next quarter is added to the next quarter\u2019s returns thus producing a higher than the 3.5% next quarter\u2019s return due to the additional trading days of the bar\/s and according to the number of additional trading days when entered into the IMX Gold Trading Program.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Participant may allow all or a select number of purchased gold bars to continue to be entered into the IMX Gold Trading System quarterly systematically and continue to receive the amount of 3.5% quarterly return for each 1 kilo gold bar entered into the Program. Regardless of Gold Market price fluctuations during the trading of Participants gold bars, the Participant will continue to receive a 3.5% return on the original purchase price of each gold bar entered into the Participation Program.<\/p>

The Participant has the right to liquidate all or a select number of gold bars in the form of cash or the physical gold bar quarterly. The Participant is entitled to receive any quarterly returns due at time of liquidation.<\/p>

Should the Participant choose to receive delivery or to liquidate all or part of their gold bars entered into the Program, Participants Gold Bars can either be shipped to a location of Participant\u2019s choice or liquidated into cash. The Participant is entitled to receive the current market Spot price amount at the time of liquidation if cash is requested. Note: If liquidation is requested in the form of physical gold bars, the Participant is responsible for the transport cost of each 1 kilo gram gold bar to be delivered.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Complete the participant application<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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To become a participant you will need to complete the participant application in its entirety. Please confirm all details in the application are correct in order to process your application in a timely manner. As a requirement, please upload Proof of Identity and Proof of Address along with your application to comply with Know Your Customer regulation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Click the application button<\/h3>

Getting started is as simple as clicking on a button. After clicking you will be redirected to the document signing platform to complete the participant application.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Complete and sign online<\/h3>

After clicking, please complete the participant application completely. You can easily complete and sign your application through the platform. <\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Receive a copy to email<\/h3>

Once completed, you will receive an email copy of your participant application. <\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Complete and sign
participant agreement<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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To become a participant you will need to complete the participant agreement in its entirety. Please confirm all details in the participant agreement are correct in order to process your account in a timely manner.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Click the application button<\/h3>

Getting started is as simple as clicking on a button. After clicking you will be redirected to the document signing platform to complete the participant application.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Complete and sign online<\/h3>

After clicking, please complete the participant application completely. You can easily complete and sign your application through the platform. <\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Receive a copy to email<\/h3>

Once completed, you will receive an email copy of your participant application. <\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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SAFE PAYMENT <\/span>THROUGH
SAFEFUNDS LLC<\/p>\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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INTERCONTINENTAL METALS EXCHANGE LTD (IMX) REQUIRES PARTICIPANT FUNDING PAYMENT THROUGH \u201cSAFEFUNDS LLC\u201d: a United States Financial Support Organization<\/strong><\/p>

(INTERCONTINENTAL METALS EXCHANGE LTD (IMX) must be notified in advance of the establishment of the transfer of funds between Participant and Safefunds. IMX representative will forward to the Participant the exact Safefunds bank account information to the Participant for funds deposit.<\/p>

Participant\u2019s Funds are deposited with Safefunds in the amount required for selected participation level. Upon the Participant depositing the funds into Safefunds, IMX will be notified of such deposit and immediately begin the Exchange trading Services.<\/p>

Upon receiving the Participants deposited funds into Safefunds, IMX will immediately initiate the daily Gold Bar trading process with purchasing and selling (trading) the amount of gold dependent on the level of Participant\u2019s participation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Safefunds eliminates the risk of Open Account transactions and the cost and delay.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Safefunds is a perfect way to expand markets with occasional, one-time, or multiple transactions with no exposure financially.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The system eliminates the high cost and wasted time of wire transfers, letters of credit, and cashier\u2019s checks.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Safefunds sends funds electronically via the Automated Clearing House system for fast turnaround.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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There is no limit to the transaction size. Safefunds will handle it.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Never worry about a fraudulent payment. Safefunds stops them all.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Safefunds is a better solution than \u201cescrow\u201d companies because IMX and Participant directly control every aspect of the transaction.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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SAFEFUNDS never makes decisions automatically for either the Participant or for IMX.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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1<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Participant deposits the necessary funds into IMX Safefunds Account and commits the amount necessary for the transaction. Deposits are made by bank wire, electronic funds transfer, or check (checks must be drawn on a U.S. bank).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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2<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IMX sees the reserved funds. Participant knows the payment is secure. IMX provides the transaction \/ trading service described in the transaction.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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3<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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IMX may withdraw funds from the Safefunds Account either by electronic funds transfer (inside the USA), international wire transfer (outside the USA), or by check or decide to hold all or a portion of the funds in escrow until the appropriate time for the transaction \/ trading activity.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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4<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Both IMX and the Participant have been fully protected.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Become a PARTICIPANT IN tHe GOLD EXCHANGE PROGRAM exchange programPArticipants rights After submission and approval of Participant\u2019s account application and agreement, the Participant is granted the following Intercontinental Metals Exchange, LTD Rights. The Participant has the right to purchase a 1 Kilo bar\/s up to 5 Kilo bars, (1\/2 Kilo bar, 1\/4 Kilo bar, 1\/8 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-446","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.backedbygold.com\/index.php\/wp-json\/wp\/v2\/pages\/446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.backedbygold.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.backedbygold.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.backedbygold.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.backedbygold.com\/index.php\/wp-json\/wp\/v2\/comments?post=446"}],"version-history":[{"count":166,"href":"https:\/\/www.backedbygold.com\/index.php\/wp-json\/wp\/v2\/pages\/446\/revisions"}],"predecessor-version":[{"id":918,"href":"https:\/\/www.backedbygold.com\/index.php\/wp-json\/wp\/v2\/pages\/446\/revisions\/918"}],"wp:attachment":[{"href":"https:\/\/www.backedbygold.com\/index.php\/wp-json\/wp\/v2\/media?parent=446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}