Risk Disclosure

Please read this disclosure carefully before purchasing precious metals. It is part of our Terms & Conditions and is incorporated into the Customer Precious Metals Transaction Agreement.

1. Precious Metals Can Lose Value

Gold, silver, platinum and palladium prices are volatile and can move sharply in both directions. Precious metals have experienced significant historical drawdowns, including multi-year declines, and there have been extended periods when they underperformed other major asset classes. You can lose money purchasing precious metals, including within a retirement account.

2. Dealer Pricing, Spreads and Company Compensation

United Reserve Trust acts as a principal dealer in precious-metals transactions. The retail price charged to a customer may include a dealer spread or margin above the Company's acquisition cost. This spread constitutes compensation to United Reserve Trust and contributes to operating expenses, marketing expenses, employee and representative compensation, commissions, overhead and Company profit.

Dealer spreads may vary significantly by product and transaction. Factors may include product category, transaction size, metal content, market conditions, market volatility, availability, manufacturing or minting characteristics, distribution costs and other commercial factors.

Customers should not assume that the retail purchase price of a precious-metals product represents its melt value, spot-market value, wholesale value, liquidation value or expected resale value. Premiums paid at purchase may not be recoverable upon resale.

United Reserve Trust is not required to sell precious metals at spot price, wholesale price, acquisition cost, or any particular published market benchmark.

Before any transaction, we present the transaction economics — reference metal value, dealer premium in dollars and as a percentage, total, and an indicative same-day buyback for the same product where available — so these costs are visible to you in advance.

3. No Investment, Retirement, Tax or Legal Advice

United Reserve Trust is a precious-metals dealer. United Reserve Trust is not a bank, trust company, IRA custodian, depository, broker-dealer, registered investment adviser, financial planner, retirement planner, fiduciary, tax adviser or law firm.

United Reserve Trust and its representatives do not provide individualized investment advice, securities advice, financial-planning advice, retirement-planning advice, legal advice or tax advice.

The decision whether to establish or fund a self-directed IRA, transfer or roll over retirement assets, purchase precious metals, select a particular precious-metals product, determine an allocation amount, retain an asset, or sell an asset is made solely by the customer.

United Reserve Trust does not determine what percentage, if any, of a customer's retirement assets should be allocated to precious metals and does not represent that any particular allocation is suitable or appropriate for a specific customer.

Customers should consult their own qualified financial, retirement, tax and legal professionals regarding their individual circumstances.

4. No Fiduciary Relationship

United Reserve Trust acts solely as a principal precious-metals dealer. Neither the Company nor its employees, representatives, contractors or affiliates undertake or accept any fiduciary, discretionary or advisory duty to a customer.

Nothing contained in a sales conversation, educational material, retirement review, product comparison, market discussion, website content, email, text message or other communication creates a fiduciary or advisory relationship.

5. Sales Representative Compensation and Potential Conflicts

United Reserve Trust sales representatives may receive salaries, commissions, bonuses or other compensation based on factors that may include transaction volume, revenue, product category, products sold and/or Company profitability.

Accordingly, representatives may have a financial incentive in connection with a customer's purchase of particular precious-metals products.

United Reserve Trust representatives are sales representatives of a precious-metals dealer and are not independent financial advisers or fiduciaries. Customer-facing titles used by United Reserve Trust (for example, Precious Metals Specialist or Account Executive) describe a sales role and do not imply an advisory, planning or fiduciary credential.

Customers should independently evaluate pricing, product characteristics and alternatives before completing a transaction.

6. Premium, Specialty and Differentiated Products

Certain precious-metals products may be offered at premiums substantially above the underlying metal value. Such premiums may reflect factors including minting, manufacturing, denomination, fractional weight, finish, packaging, distribution, limited production, availability, commercial demand, product differentiation and dealer economics.

A higher retail premium does not guarantee greater appreciation, superior investment performance, greater liquidity or a higher future resale price. Premiums paid at purchase may not be recoverable upon resale.

Customers should evaluate both the precious-metal content and the total purchase price before completing a transaction.

7. Buyback and Liquidity

United Reserve Trust may, from time to time and in its sole discretion, offer to repurchase precious metals from customers. Unless expressly stated in a separately executed written agreement, United Reserve Trust does not guarantee that it will repurchase any product in the future.

Any buyback offer may differ materially from the customer's original purchase price and may be below the retail price, metal reference value, spot value or other market benchmarks.

Buyback prices may depend on market conditions, product type, condition, demand, inventory requirements, metal prices and other factors existing at the time of resale.

8. Break-Even Considerations

Because retail purchase prices may include dealer spreads and resale prices may be lower than purchase prices, the market value of the customer's precious metals may need to increase materially before the customer can recover the original purchase price or realize a profit.

9. Not Insurance Against Loss

Independent custody and depository storage address the safekeeping and administration of assets. They do not protect against market losses. Custody security is not investment performance. Precious metals held in an IRA are not bank deposits and are not insured by the FDIC or any government agency against loss of value.

10. Past Performance

Historical performance data and comparisons shown on this website — including comparisons over periods you select — are historical only, use the methodology displayed with them, do not include all costs, taxes or personal circumstances, and do not guarantee or predict future performance.

11. Retirement Account Considerations

Moving retirement funds involves rules regarding eligibility, transfers, rollovers, taxes and potential penalties that depend on your specific situation. United Reserve Trust does not make tax or legal eligibility determinations. Consult the account custodian and your own tax or legal advisers before moving retirement funds.

12. Concentration and Suitability

Precious metals do not produce income and may be more suitable as part of a diversified approach than as a concentrated holding. Any allocation percentages shown in our tools are hypothetical scenarios you choose to explore — they are not recommendations. Only you can decide what, if anything, is appropriate for your circumstances.

13. Questions

If anything about a transaction's economics or risks is unclear, ask before you approve it. Contact us at info@unitedreservetrust.com.