Risk Disclaimer

1. General Risk Warning

The value of precious metals, including gold, silver, and platinum, can fluctuate significantly and is subject to various market, economic, political, and other factors beyond our control. Past performance is not a reliable indicator of future performance.

You should not invest money that you cannot afford to lose. Before making any investment decisions, you should carefully consider your financial situation, investment objectives, and risk tolerance. We strongly recommend seeking independent financial advice if you are uncertain about whether precious metals investment is suitable for you.

2. Market Risk

Precious metals prices are determined by global markets and can be volatile. Factors that may affect prices include:

• Global economic conditions and financial market performance
• Central bank policies and interest rate changes
• Currency exchange rate fluctuations
• Geopolitical events and political instability
• Supply and demand dynamics in the precious metals market
• Inflation and deflation expectations
• Industrial demand variations
• Mining production levels and costs

These factors can cause the value of your investment to decrease substantially in a short period.

3. Currency Risk

Precious metals are typically priced in US Dollars. If you are investing in a currency other than US Dollars, exchange rate fluctuations may affect the value of your investment when converted to your local currency. This means you could suffer a loss even if the price of precious metals in US Dollars remains stable or increases.

4. Liquidity Risk

While gold and silver are generally considered liquid assets, there may be times when it is difficult to sell your precious metals at the desired price or within a desired timeframe. Market disruptions, extreme volatility, or other factors could affect liquidity.

5. Counterparty Risk

While we take extensive measures to ensure the security of your precious metals, there is always some degree of counterparty risk when using any service provider. This includes risks related to:

• Vault operator solvency
• Insurance coverage limitations
• Operational failures
• Fraud or misconduct by third parties

6. Storage Risk

Although we store your precious metals in secure, insured vaults, there are inherent risks including:

• Theft, despite security measures
• Natural disasters or catastrophic events
• Political risk in the jurisdiction where metals are stored
• Government seizure or restrictions

While we maintain comprehensive insurance coverage, there may be circumstances where losses exceed coverage or claims are disputed.

7. Regulatory Risk

The regulatory environment for precious metals may change. Changes in tax laws, reporting requirements, or other regulations could affect the value or treatment of your investment. This includes:

• Changes to Capital Gains Tax exemptions for UK coins
• VAT treatment changes
• Anti-money laundering requirements
• Import/export restrictions
• Ownership or holding limitations

8. No Investment Advice

Marcellus Bullion does not provide investment advice, tax advice, or legal advice. Any information provided on our website, in our communications, or by our staff is for informational purposes only and should not be construed as advice.

We strongly recommend that you consult with qualified independent financial, tax, and legal advisors before making any investment decisions.

9. Unregulated Activity

The purchase, sale, and holding of physical precious metals is not a regulated activity under the Financial Services and Markets Act 2000. Marcellus Bullion is not authorised or regulated by the Financial Conduct Authority (FCA) for these activities.

This means that you do not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) in relation to your precious metals investments with us.

10. Tax Considerations

While certain UK legal tender coins (such as Britannias and Sovereigns) are currently exempt from Capital Gains Tax for UK residents, tax laws may change. Additionally:

• CGT exemptions may not apply to non-UK residents
• Income from trading precious metals may be subject to different tax treatment
• VAT may apply in certain circumstances
• Inheritance tax implications should be considered

You should seek independent tax advice regarding your specific circumstances.

11. Acknowledgement

By using our services, you acknowledge that:

• You have read and understood this Risk Disclaimer
• You understand that investing in precious metals involves significant risks
• You are making your own investment decisions based on your own research and judgement
• You have the financial means to bear any losses that may result from your investment
• You have sought independent advice where appropriate

12. Contact Us

If you have any questions about the risks associated with precious metals investment, please contact us: