Our ETC is physically backed by gold bullion (a Gold Bar List is available on our website) which is stored securely in J.P. Morgan’s London Bank vaults. The gold is inspected twice a year by Inspectorate International Limited and includes a full bar count. Once a year they are accompanied by our auditors, PricewaterhouseCoopers. The inspection reports and the annual audit reports are available on our website at etf.invesco.com.