Silver Standard (AGS) is a digital token backed by allocated silver bullion already secured, insured, and audited in a high-security Australian vault. If you own AGS, you own the underlying physical metal, held in custody by the Gold Silver Standard Custodian (GSSC Pty Ltd).
The Gold and Silver Standard securely stores and audits all its physical gold and silver holdings at Reserve Vault. This secure underground vault in Australia is one of the highest-level security storage facilities in the Southern Hemisphere.
AGS has low fees and is a significantly more attractive vehicle for investment as compared to other silver products. There are no storage fees and for transactions that occur on-chain (transferred via Ethereum), there is NO fee taken by Gold & Silver Standard, only the usual Ethereum gas fees (typically no higher than $1).
AUS & AGS have a publicly verifiable token supply, account balances, and on-chain procedures – making them full Proof of Reserve.