Rates: Gold Dollar (1/50 oz.) : $38.79 , Silver Dollar (1 oz.) : $37.18 , Goldback (1/1000 oz.) : $3.41

Alpine Gold

PURCHASE

Securing your Deposits!

It almost goes without saying that rock solid security is essential to any financial institution, especially one such as Alpine Gold specializing in the purchase, sale, exchange and storage of precious metal currencies. At the outset we must acknowledge the paradox that the more detailed a security system is described, the less secure it becomes. Nevertheless, we would like to layout the general scope of our current capabilities in the areas of physical building security, IT/data security and business process security to give our current and prospective members confidence their assets and data are secure and private. You’ll need to forgive us if the details below don’t answer every question and we’d be happy to discuss privately with anyone wanting clarification on any questions you may have. As always, we welcome feedback on this to continually improve.

Building Security – Right at the outset of the founding of the North American Monetary Exchange in 2012, now branded Alpine Gold Exchange, the physical security of deposits was a baseline requirement. With the construction of our current building in Alpine Utah, we had the unique opportunity to design in security from the ground up, literally. Starting with the physical vault in the building basement constructed to the rigorous UL 680 Class 3 standard with thick concrete fully surrounding the vault space and extending to the bullet-proof barrier between the public area and the back office space, the total design of the building considered the required security. We invested in a $250,000 security system which has 5 separate areas, each requiring two factor coding to enable or disable. This system exceeds the requirements of our insurance underwriter, Lloyds of London. There is also a 30 camera monitoring system deployed with redundant communication networks to contact law enforcement in the case of any attempted breach of security.

The UPMA Portal – Specific to the protection of our member’s data, we have developed our UPMA portal using the latest security protocols and techniques. Just recently, in addition to the standard password requirement, we added PIN and 2-factor authentication option for each account. These features can be enabled in the member’s profile under the security tab. We designed the PIN function to be required, when enabled, for any transactions which would reduce a member’s balance such as a transfer or withdrawal. The two-factor authentication allows for the use of a downloadable mobile authenticator app which will sync with the member’s account and require a constantly changing 6-digit code to be entered prior to account access. In addition, we continue to monitor and address any potential vulnerabilities and they become visible.

Business Processes – Any security expert will tell you overall security effectiveness is only as strong as its weakest link. In most cases this comes down to the internal policies and procedures which must be followed by the staff who run the operation. As required by our insurance underwriter we rigorously follow our established and approved Anti-Money Laundering and Know Your Customer (AML/KYC) procedures. You may have noticed when calling in to request a particular transaction that our staff will ask you several security questions prior to proceeding with the transactions. This is becoming standard practice in the US for any financial institution and Alpine Gold is no exception. We also have very tight control on who has access to the underground vault or the daily operational safe. It is not possible for any one employee to access the vault and there are video cameras constantly monitoring the areas in and around the vault. We do at times use Brinks to handle a portion of our vaulting and they too have similar vault access protocols. Finally of note, the UPMA board provides a critical function in the form of tri-annual audits which ensure the exchange is holding sufficient precious metals to cover all of the account liabilities present in our account database.

We are confident the above holistic approach to securing our member’s assets and data is best-in-class,  yet we continue to look for new ways to enhance our security and we welcome any member, or prospective member, to suggest further improvements.