Frequently Asked Questions

Below you will find Frequently Asked Questions and Answers. List will grow as needed:

About SCCS Ltd.

Who is Smart Chip Card Solutions Ltd.?

SCCS Ltd. is a privately owned company from Canada specialized in smart card software systems and solutions. See more at www.smart-chip-card-solutions.com

What is a SCCS Ltd. address and contact info?

SCCS is located at 5100 South Service Road, Unit 17, Burlington, Ontario, Canada, L7L 6A5. telephone 1-905-469-0855, e-mail: sales@buy-gold-bar.com, SCCS Ltd. is registered with Industry Canada as an corporation

Is SCCS Ltd. public company?

SCCS is privately owned corporation Governed by laws of Ontario, Canada


Gold and Silver

What kind of gold is offered to members?

We carry 99.99 pure fine gold as regulated by COMEX and LBMA in form of gold bars

What kind of silver is offered to members?

We carry 99.9 or 99.99 pure fine silver as regulated by COMEX and LBMA in form of silver bars

What sizes of bars are part of the member's holdings?

10g, 100g, 500g and 1000g bars are purchased and stored as member's holdings

Is it possible to buy any amount of metal, not only fixed sized bars?

Absolutely! Member can bay any fraction size of metal where smallest increment is 0.01 gram. Balance in the card reflects true balance e.g. 155.86 grams of gold (or silver).

How to purchase gold and silver?

Simply go to Buy Gold or Buy Silver page and using shopping cart buy as much as desired. Also, card holder can simply send 100 dollars or any amount and it will be used to buy maximum amount of gold or silver at current price. Credit card could be set to purchase every month for the same amount.

Does card record only gold or only silver holdings?

Card has two separate vaults, one for gold and one for silver. It tracks them separately and records every transaction no matter how small or big it is.


About technology

Is card necessary to buy and hold metals?

Yes, with first purchase new SmartGold Club member should acquire a card or buy whole kit coming with card + reader + software + startup balance of gold and silver

How is new purchase entered into the card?

In 24 hour after purchase member can log in into SmartGold Club system software and every new transaction will get automatically updated. There is transaction log resembling bank transactions.

Is card secure?

We use special edition of smart cards made for SCCS only. Cards are NOT made in USA. They are encrypted with banking/military strong encryption. Card has an unique digital identity, CID (card ID number) and that is how it is recognized in the system. Besides that it is protected by 6 digit PIN. It can also be protected with fingerprint as well.

Does card come with account numbers or name of cardholder?

No. Cards come electronically personalized. Outside of card there are no numbers, names, picture or anything else. Identification is possible using system software only and only after rightful owner unlocks the card using 6 digit PIN or fingerprint. 

Is it possible to hack into the card or system?

It is not. Card is in the cardholder's pocket, encrypted with PIN and fingerprint. Found or stolen card remains locked forever. Backend system encrypts everything, communications, transactions, registry. We shall never disclose any technical details about smart cards or backend. Let's just say that holdings are recorded into cards and backend just controls transactions.

Is SmartGold Club run from USA (North America)?

While SCCS company is located in Burlington Canada no servers, WEB sites or any other part of hardware backend is located in North America. Even www.buy-gold-bar.com WEB site is located elsewhere. Servers are also protected with SCCS invented mechanisms. Details are business secret and will never be disclosed to any party.

Technology is often only as good as a people. How SCCS controls employees?

All SCCS employees are equal shareholders and owners of the company. They will never jeopardize SmartGold Club operations in any manner.      

About secure storage

Is gold really in the vault?

We guarantee that every purchase by member is followed up and purchase of physical metal! Vault operator goes into vault and transfers purchased amount into SCCS account bin. That happens daily or every time we acquire more metals. Customer gets Invoice with clearly stated transaction. Card gets updated remotely.

Gold in vault is insured, accounted for, controlled by internal accounting methods, statement status produced once a month and also once a year independent certified organization audits the vault. See details below. 

What about gold certificates in Canadian banks?

For members that would not trust secure vault in Caymans or other locations we offer opportunity to get gold/silver certificates issued by leading Canadian Banks! Scotia Bank, TD Bank, Royal Bank of Canada. There are many advantages to that. Read more HERE

Where is my gold stored?

Member's gold and silver are securely stored in vaults around the globe. Those are professional organizations who's core business is to run safe storages and protect customer's assets in gold and silver

Which storage is used by SmartGold Club members?

Strategic Wealth Preservation (SWP) is first storage chosen by SCCS. It is located on Grand Cayman. Can be accessed on line: www.swpcayman.com Watch their videos and look at the pages explaining strategic advantages of storing valuables with SWP and Cayman islands

Is it possible to visit SWP and see my gold?

Absolutely! For security reasons 24 hour announcement is required. Card holder will be identified by his card and his gold shown. At that time card holder can leave it where it is, cash in part or all of it at will

Is storage insured?

Storage is fully insured by Marsh Insurance, London, UK. At the moment of this writing insurance amount is 75 Million USD. Certificate available upon request to every member

Is storage safe and checked?

Yes, storages are like strong boxes, guarded with armed guards. They are also controlled with internal accounting. Also there is once a year audit by Bureau Veritas, independent agency. They were founded in 1828 in Belgium. Today's headquarter is in France. Bureau Veritas inspectors come to storage and count all inventory for presence and quality

Will there be storages closer to my country?

Whole point of storing gold and silver offshore is to protect it from local troubles. So close vicinity of storage my not be desirable. Still we will open storage accounts in various countries as per customer's demand. Storages in: Canada, Switzerland, Germany, Hong Kong and Singapore shall be considered 


About fees

Does it cost anything to be a member of SmartGold Club?

There is a yearly subscription in amount of $19.90 (approximately 0.45g of gold, or 30g of silver). It is paid for system maintenance and access. In turn allows member to have unlimited number of transactions in one year. First year subscription is included in price of card.


Want to be a gold re-seller?

Is there opportunity to sign up as Buy-Gold-Bar re-seller?

Absolutely. System is created in such way that creation of extensive dealer's network is possible and supported by the system.

Who can apply to be a dealer?

Every individual who recognizes unique and universal value of gold and silver can apply. That person must be a business oriented, communicative and determined.

Is dealership limited to certain countries?

No, this is truly equal opportunity open to every country with only few exceptions at this time pertaining large amount of fraud or non-existence of business like environment (Nigeria, N. Korea, Ethiopia, Yemen, Iran, Cyprus).

I don't have much money to start, how large is initial investment?

Dealer's starter kit is $199.00 only (+ cost of delivery). That is an absolute minimum to start.

How long it takes to get setup and receive the starter kit?

Dealer is setup within 24 hours after application. Kit is delivered by Fedex to any part in the world in max 3 business days.

Do I need store (brick and mortar) location?

Not at all. Main advantage of SmartGold Club system is that it is completely portable. Dealer can go where selling action is and that could be literally anywhere. Visit customers at their place of work, home, restaurant, caffe ... 

Can dealer be anonymous?

No. We must know to whom we are dealing with. Dealer has to provide true contact info.

Can dealer create anonymous cards?

Yes, dealer can create no actual name cards and holdings for his customers who want absolute discretion and confidentiality.

Who creates sales pricing for gold and silver?

Dealer. Dealer is considered a private enterprise and as such is in complete control over pricing for parts and metals.

Can already established company or new setup company be a dealer?


Can already existing gold re-seller become Buy-Gold-Bar re-seller?

Absolutely! We welcome every jewelry or precious metals re-sellers to sign up and become part of Buy-Gold-Bar, SmartGold Club network. It will open new doors and possibilities to both parties. 

Questions - comments by customers

YouTube posted comment by customer from USA: "Do ya actually think that when the SHTF comes yer gonna be able to go get your metal from this "offshore" storage? And that they will just hand it to you? There will be no USPS, FedEx or UPS.... no electronic transfers - no banks open. How are intending to get to this "offshore" storage place? In a private helicopter, private plane, your yacht?"

He described quite upsetting scenario. Scary it is but actually emphasis one of the reasons why we created SmartGold Club in the first place: in case of such event you will not be financially wiped out!

Getting gold bars at home could be actually counterproductive or outright dangerous. First of all in such scenario member will actually appreciate fact that his gold/silver holdings are far away from reach of the Government. It happened in past and could happen in future that desperate Government will try to seize not only people's savings in the banks but also seize whatever is in bank's deposit boxes, even homes. In weeks or even months of breakdown in courier services, bank transfer and services occur there will be run on banks. ATMs will be shut down at first sign of crises (Greece, Cyprus, Argentina, Chile ..) but nobody will be able to steal member's holdings from the cards.

It is widely assumed that Internet can't be shut down. Members will still be able to transact using their cards and home kits. Even pay or send gold/silver to each other. We actually have technology that could allow transactions without Internet. If your baker would have SmartGold Club card you will be able to pay for groceries by transferring small amount of gold or silver to his card. Commerce will continue. Personal wealth will be preserved and will actually increase. Why? Because paper money will be worthless. Only true value will be accepted. Gold and silver as a stored value served well people for 4000 years and will continue doing so.