So why are we calling this “Precious Metals exposure”?
This is because Precious Metals are held in a single account in Revolut’s name with our trusted gold services partner. So when you purchase gold you are actually obtaining “exposure” to what is held in Revolut’s Precious Metals account.
What difference does it make for you?
Not too much but this is one of the reasons why you can’t send your gold or silver externally outside of your Revolut Account and why you can’t have the physical gold or silver delivered to you either (sorry about that). It also means that if Revolut were ever to become insolvent, Revolut will sell all Precious Metals it holds on your behalf and credit your e-money account with the corresponding amount in fiat currency.
And that’s pretty much it!