Vaultoro also requires a full 3rd party audit. The gold in the Vault is audited every 6 months by one of the largest and most reputable auditing firms in the world (BDO international), who follow and perform ISA standards in auditing to ensure that our vault operator is in full reserve. This BDO audit certificate can be checked by every client because it is also published on the Vaultoro website.
Vaultoro's vault operator, Pro Aurum, sends a confirmation of Vaultoro's gold holdings whenever about once a week. This document is published on the audit page.
Vaultoro hereby declares and guarantees that it functions at 100% full reserves. This means that Vaultoro will never use as collateral, lend out, hypothecate, create a derivative transaction of any type, with any Bitcoin or gold held in bailment for its clients. All gold will remain the property of the user through a Vaultoro bailment until sold by or physically withdrawn by its owner.
Read more about the levels of transparency Vaultoro goes to while keeping users private.