> For the complete documentation index, see [llms.txt](https://docs.bit-bank.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bit-bank.io/the-bit-bank-ecosystem/xinvest/precious-metals-trading.md).

# Precious Metals Trading

**Token Sizes and Pricing**

Each token represents 1 gram of pure gold. It will be priced at the prevailing rate for gold on international markets.

**Vaulting and Storage**

Physical bars are stored in the Switzerland in internationally accepted vaults. They are stored separately from other gold in the vault.

**Metal Backing**

All metal tokens are 100% backed by real physical metal. The mtealcomes in standardized 1 kg - 15K kg bars of 999.9 purity from Swiss recognized refineries.

**Conversion of Metal Tokens**

Token holders have the right to convert their tokens to physical metal via PGP. Any investor holding coins equivalent to 1 kg or more of gold can cancel their tokens in exchange for equivalent gold in multiples of 1000 tokens (1 kg gold).

**Digital Custodian**

Gold tokens are issued with an approved digital custodian. The custodian will maintain records to offer accountability and an audit trail of all transactions in your wallet