Free Writing Prospectus
VanEck Merk Gold Trust
2018-07-12 Gold Audit
0001546652
Pursuant to 433/163
333-180868
Inspectorate Reference: 18004817 |
Date: 12 July 2018 |
| REPORT OF | : | AUDIT |
| CLIENT | : | Merk Investments LLC |
| TRUST | : | VanEck Merk Gold Trust |
| MATERIAL | : | Gold Bars |
| ACCOUNT NUMBER | : | 4249 |
| CUSTODIAN AND LOCATION | : | JP Morgan Chase Bank, N.A., London |
| AUDIT REFERENCE DATE | : | 11 July 2018 |
| AUDIT COMMENCED | : | 12 July 2018 |
| AUDIT COMPLETED | : | 12 July 2018 |
This is to certify that in connection with the above consignment, we have represented the supplier, following the agreed procedures, and report the following:
Summary
The table set out below sets out the results for the Audit of Gold bullion in the vault as at 11 July 2018.
| Number of Bars | Fine weight | ||||||
| ADVISED | 280 | 113,363.481 | Tr.oz | ||||
| FOUND | 280 | 113,363.481 | Tr.oz | ||||
| VARIANCE | 0 | 0.000 | Tr.oz |
All bars were deemed to be London Good Delivery, Large Gold Bars said to be purity 99.50% minimum, up to and including 99.99%.
Audit Procedure
| 1. | Reconciled the total weight of metal bullion as recorded by the Administrator to the Custodians records as at the same date. |
| 2. | Visually checked each bar for the bar number and brand purity. |
| 3. | Verified that the bar numbers, brand purity and number of bars for each individual batch or pallet matches the records supplied by the Custodian and Administrator. |
| 4. | Compared the records of the Custodian against those provided by the Administrator and verified that the metal bullion bars are held in the name of the applicable account. |
| 5. | Check weighed a random selection of metal bullion bars, equating to approximately 2.5 percent of the bar list, in accordance with Good Delivery Rules. |
| 6. | Reconciled the weights reported as per the paperwork supplied by the Custodian and the Administrator. |
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Inspectorate
International Limited Essex CM8 3TU
T:
+44(0) 1376 536800 F: +44(0) 1376 520819
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Registered in England No. 638315 Registered Address 2 Perry Road, Witham, Essex CM8 3TU
All services are rendered in accordance with our General
Conditions of Service, available on request or at
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| Inspectorate Reference: 18004817 | Date: 12 July 2018 |
| 7. | Reconciled the physical movement of bars which occurred during the inspection period and the completion date of the count. |
| 8. | Reported any anomalies discovered by the above procedures back to the Administrator. |
Anomalies
There were no anomalies identified in respect of the gold bars held by the custodian as at 11 July 2018 for the above numbered account.
Weighing
Scales were provided by JP Morgan Chase Bank, N.A., London
Calibration date below is external check date. Scales were calibrated with standard weights prior to weighing.
Scales used:
| ● | Manufacturer: Sartorius |
| ● | Model Number: GBB14202S |
| ● | Serial Number: 26003312 |
| ● | Calibration date: 25 May 2018 |
| ● | Weighing units & increments: 450 x 0.001 Tr.oz |
The audit was carried out to the best of our knowledge and this report reflects our findings as at time and place for audit only.
| For and on behalf of | |
| INSPECTORATE INTERNATIONAL LIMITED | |
| /s/ Paul Alston | |
| Paul Alston |
|
Inspectorate
International Limited Essex CM8 3TU
T: +44(0) 1376 536800 F: +44(0) 1376 520819
|
Registered in England No. 638315 Registered Address 2 Perry Road, Witham, Essex CM8 3TU
All services are rendered in accordance with our General
Conditions of Service, available on request or at
|
Page 2 of 2
Certified
to
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