⚠️ Informational template. This document is a preliminary version pending review by counsel in each applicable jurisdiction (US + EU/Spain). It does not constitute binding legal advice.
Data controller and service operator:
- Gold Silver Global LLC (LLC). Tax ID / VAT: 41-4225071. 8 The Green STE B, 19901 DE, Dover, denver, US.
- {{commercialRegistry}}
- Data Protection Officer (DPO): dpo@goldsilverglobal.net.
- General legal contact: legal@goldsilverglobal.net.
1. Legal framework
- Spanish Civil Code arts. 1758-1789 — deposit.
- Spanish Commercial Code arts. 303-310 — commercial deposit.
- Uniform Commercial Code (UCC) Article 7 — Documents of Title, warehouse receipts (US).
- EU AMLDs and US BSA — AML diligence applicable to custodians.
2. Legal nature
GSG custody is a paid commercial deposit (Spain/EU) and functions as bailment for hire / warehousing under UCC Art. 7 in the US. GSG is bailee and issues a digital entry/exit record.
3. Modes
- Mode A — direct seller-to-buyer shipment with mandatory packing and unboxing videos. GSG custody not involved.
- Mode B — seller → GSG → buyer, verification, custody and final shipment. Included for Premium; flat fee otherwise.
4. Insurance
Every item in custody is insured to the value declared in the listing. The buyer may add insurance for the final shipping leg.
5. Entry verification
- Weight/diameter/photo/video check.
- Comparison with the published listing.
- Verifier-signed report.
6. Exit from custody
- Sale and shipment to buyer.
- Return to seller if listing fails verification.
- Court order or valid administrative requirement.
- Seller withdrawal before sale (handling fee applies).
7. Bailee liability
For users in Spain / EU
GSG is liable for willful misconduct or negligence under Civil Code arts. 1766-1769. Insurance covers declared value.
For users in the United States
Under UCC § 7-204, the bailee is liable for damages caused by failure to exercise reasonable care. Document-based liability limitations apply only within UCC bounds.
8. Fees
Configurable via Admin → Settings → Economic. Shown at checkout before any payment.
9. Contact
legal@goldsilverglobal.net. Last updated: 2026-06-01.