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Terms and Conditions

General remarks:

Complementary to the contracts entered between Securitas Aurum Ltd. and its customers, the following General Standard Terms and Conditions are considered an integral part of these contracts.  These conditions are known to the customer before the latter entered a contractual relationship with Securitas Aurum and were accepted by him/her.  This fact was further confirmed by the client upon placing the order.

The basis for the contractual relationship between the customer and Securitas Aurum Ltd. is namely the business model that is presented to the customer in the website of Securitas Aurum.

Securitas Aurum offers the following gold coins and bars for sale:

  • American Golden Eagle,
  • Britannia,
  • Vienna Philharmonic,
  • Krugerrand,
  • Maple Leaf,
  • Golden Nugget,
  • Gold bars: 5 grams, 10 grams, 20 grams, 50 grams, 100 grams

Specific information concerning the purchase of gold coins:

Each contract has a total purchase price of € 4.900,00 for only one type of coin each. The purchase price can be paid as follows:

  1. Immediate payment of the complete purchase price of 4.900,00 €;
  2. Payment of an initial deposit [minimum 100,00 €] and the balance payable within 12 months;
  3. Payment of a deposit amounting to € 100,00 and participation in the marketing concept "clients win clients", (also known as Accumulation Plan) of Securitas Aurum. The time frame for the fulfillment of the contract is also of 12 months.

For each contract valued at € 4.900,00, a management and processing fee equivalent to 5% net of the purchase price will be charged (plus the pertinent legal V.A.T.) The processing fees are to be paid by the client in full in any event within the first contractual year, unless the customer legally revokes the orders made as stated herein.  The settlement of the processing fees are payable as follows within the established 12 months:

After this 12 months period has passed, and should there still be outstanding amounts pending of payment in relation to the processing fees by the client, Securitas Aurum reserves the right to invoice and debit the corresponding unpaid invoiced amounts against any other credits the client may have with the company.

Once all the processing fees have been paid, all subsequent credits earned through referral bonuses will be paid in full without any further deductions.

The Processing fees are charged for the following services:

  1. Setting up and maintenance of customer accounts;
  2. Administration of the purchase agreements including the multi-lingual customer service;
  3. Implementation of customer-specific supportive measures such as weekly virtual presentations and training;
  4. Control of all the deposits and recommendations as well as the administration of the corresponding credits/debits of the purchase price;
  5. Immediate notification by e-mail to the customer as soon as changes have occurred in his/her recommendation account;
  6. Management and administration of all the recommendations, which in turn are converted into individual customer accounts.

The delivery costs are not included in this fee.

§ 1  Description of the marketing concept "clients win clients":

The purchaser is not obliged to participate in the marketing concept offered by Securitas Aurum and can fulfill the purchase contract by simply paying its full amount.  This payment method can also be selected even if the client has already initiated his/her recommendation activities. The marketing concept or Accumulation Plan is structured according to the following 3 phases:

1.1. First Phase:
The first phase is completed once the client has successfully accumulated 14 contracts through direct and indirect recommendations within his/her own recommendation line. This means that below his/her own contract, levels one, two and three have to be filled in.

Once this is achieved, the contract holder receives a credit in the amount of € 100.00 for the payment of the gold ordered. Furthermore and in the event that the corresponding Processing Fees have not yet been paid in full, these, plus the legally applicable V.A.T., shall be deducted from this amount. 

1.2. Second Phase:

The contract remains in the second phase until such time at which, by direct and indirect recommendations within the same recommendation line, 6 more contracts have been accumulated below the resulting First phase contracts. In this case, the first and second levels beneath these contracts need to be filled in. 

Once this is achieved, the contract holder receives a further credit in the amount of € 1.100.00 for the payment of the gold ordered. Furthermore and in the event that the corresponding Processing Fees have not yet been paid in full, these, plus the legally applicable V.A.T., shall be deducted from this amount. 

1.3. Third Phase:

The contract remains in the third phase until such time at which, by direct and indirect recommendations within the same recommendation line, 6 more contracts have been accumulated below the resulting second phase contracts. In this case, the first and second levels beneath these contracts need to be filled in.

Once this is achieved, the contract holder receives a further credit in the amount of € 3.600.00 for the payment of the gold ordered. Furthermore and in the event that the corresponding Processing Fees have not yet been paid in full, these, plus the legally applicable V.A.T., shall be deducted from this amount. 

All the credits achieved upon completion of the different phases cannot be paid in cash but will be used exclusively for the payment of the Gold Bullion Coins ordered by the client. 

1.4. Calculation relating to the Accumulation Plan 1 – GOLD COINS:

The payment of the purchase price of € 4,900.00 is detailed as follows:

1) Deposit of € 100.00
2) Referral bonus upon completion of Phase 1 = € 100.00
3) Referral bonus upon completion of Phase 2 = € 1,100.00
4) Referral bonus upon completion of Phase 3 = € 3,600.00

Total sum as a result of the above (points 1-4) = € 4,900.00

From this sum, a processing or administration fee of 5% plus 18% taxes will be deducted = € 289,10. The deduction of these processing fees takes place after completion of Phases 1 and 2 and as described below:

After completion of Phase 1, the amount of € 25,00 is deducted.
After completion of phase 2, the remainder sum of € 264,10 is deducted.

Should the client complete his/her contract outside the statutory revocation period, then the full fee will have to be paid immediately by the client upon completion of the contract, in which case the deposit paid in the amount of € 100.00 will be compensated with the overdue fees and will NOT be refunded.

1.5. Specific information concerning the purchase of gold bars:

Each contract has a total purchase price of € 6.500,00. The purchase price can be paid as follows:

  1. Immediate payment of the complete purchase price of 6.500,00 €;
  2. Payment of an initial deposit [minimum 500,00 €] and the balance payable within 12 months;
  3. Payment of a deposit amounting to € 500,00 and participation in the marketing concept "clients win clients", (also known as Accumulation Plan) of Securitas Aurum.  The time frame for the fulfillment of the contract is also of 12 months.

For each contract valued at € 6.500,00, a management and processing fee equivalent to 7.5% net of the purchase price will be charged (€ 487.50 plus the pertinent legal V.A.T.) The processing fees are to be paid immediately by the client and in full in any event within the first calendar year, unless the customer revokes the orders made as established herein.  The settlement of the processing fees is to be carried out as follows:

  1. Initial settlement through the payment of the deposit equivalent to 500.00 € per contract;
  2. Debiting of the remaining balance from the personal CSS account;
  3. Subsequent settlement of the still pending processing fees following the first achieved credits / referral bonuses as a result of successful direct and indirect recommendations;
  4. Invoicing of the remaining balance of the pending processing fees after the pertinent 12 months, should there still be amounts open in that respect in favour of Securitas Aurum.

The Processing fees are charged for the following services:

  1. Setting up and maintenance of customer accounts;
  2. Administration of the purchase agreements including the multi-lingual customer service;
  3. Implementation of customer-specific supportive measures such as weekly virtual presentations and training;
  4. Control of all the deposits and recommendations as well as the administration of the corresponding credits/debits of the purchase price;
  5. Immediate notification by e-mail to the customer as soon as changes have occurred in his/her recommendation account;
  6. Management and administration of all the recommendations, which in turn are converted into individual customer accounts.

The delivery costs are not included in the Processing Fees.

Description of the marketing concept "clients win clients":

The purchaser is not obliged to participate in the marketing concept offered by Securitas Aurum and can fulfill the purchase contract by simply paying its full amount.  This payment method can also be selected even if the client has already initiated his/her recommendation activities. The marketing concept or Accumulation Plan is structured according to the following 2 phases:

First Phase:

The first phase is completed once the client has successfully accumulated 14 contracts through direct and indirect recommendations within his/her own recommendation line. This means that below his/her own contract, levels one, two and three have to be filled in.

Once this is achieved, the contract holder receives a credit in the amount of € 1.500.00 for the payment of the gold ordered. Furthermore and in the event that the corresponding Processing Fees have not yet been paid in full, these, plus the legally applicable V.A.T., shall be deducted from this amount. 

Second Phase:

The contract remains in the second phase until such time at which, by direct and indirect recommendations within the same recommendation line, 6 more contracts have been accumulated below the resulting First phase contracts. In this case, the first and second levels beneath these contracts need to be filled in. 

Once this is achieved, the contract holder receives a further credit in the amount of € 4.500.00 for the payment of the gold ordered. Furthermore and in the event that the corresponding Processing Fees have not yet been paid in full, these, plus the legally applicable V.A.T., shall be deducted from this amount. 

All the credits achieved upon completion of the different phases cannot be paid in cash but will be used exclusively for the payment of the Gold Bars ordered by the client.

Important information concerning the delivery of gold:

The gold ordered can only be delivered once the contract has been fulfilled and only when all the deposits paid by the recommended clients for the involved contracts are no longer subject to the statutory revocation clause.  Securitas Aurum strictly follows these legal rules since, in the event of revocation within the legally accepted time frame, the company is obliged to reimburse the deposits made by the client(s).  The gold request is carried out by the customer after partial or complete fulfillment of the contract by means of his/her CSS/Premium-CSS. The price applicable is that published at the time of the request in the website of Securitas Aurum. Securitas Aurum is purely a gold dealer, hence no goods are stored in the premises of the company.  Securitas Aurum is not involved in speculative activities in the gold market and the goods are only ordered after the request has been made by the clients. 

§ 2 Contract Duration:

Each contract, independently of the method of payment chosen by the client, has a legal time frame of 12 months and must be fulfilled by the purchaser within that period, i.e., within this period the gold ordered has to be paid for in full and accepted by the client.  Should the client not be able to fulfill the contract within the legally established time frame herein, he/she may apply in writing per email at least 14 days before contract expiry date, for an extension of the pertinent contracts. The expiry date for each contract is reflected in the data of each personal CSS.  Should the client not apply for an extension of the contract(s) in time or fulfill the contract(s) within the established time frame, the affected contract(s) will be considered as cancelled.

In addition, the contract holder will receive, 2 weeks prior to the expiry date of the contract, a notification from Securitas Aurum to the email address given by the client upon registration, informing/reminding the client about the impending expiry date of the contract.  The fees for the renewal of the contracts are included in the CSS renewal fees.  If on the other hand, the customer wishes to extend his/her contract without the CSS for an additional year, the renewal fees are equivalent to 0.5% of the total order, plus V.A.T.

A contract renewal will also extend the payment period for the full payment of the processing fees. These are, as described under “1.4” above, only payable after completion of Phases 1 and 2, i.e., every time when the corresponding referral bonuses have been credited.

If the customer decides to cancel his order after the statutory cancellation period of 2 weeks, the client will NOT be entitled to a refund of the deposits made. This amount will then be deducted for the payment of the Processing Fees for the cancelled contracts.

Please note that when requesting for an extension of the purchase contract(s), the Terms and Conditions of Securitas Aurum applicable are those published in the official website of Securitas Aurum at the time the application is made for the extension of the contract(s).  A contract extension will not be permitted if the current Terms and Conditions of Securitas Aurum are not accepted.

§ 3 Terms of delivery:

The gold ordered will be delivered to the buyer only after the contract has been fulfilled and only after all involved payments of the related orders are no longer subject to the legally applicable revocation clause.

Securitas Aurum purchases its gold through normal trading channels directly from the banks at the current daily prices and according to the predefined conditions imposed by the banks.

In addition to any third party costs, Securitas Aurum charges a processing fee equivalent to 5% of the purchase price for orders of gold coins and 7.5% of the purchase price for the order of gold bars. This fee is independent of the chosen method of contract fulfillment and includes both processing and administration costs. The shipping costs of the goods are not included in these service fees and are therefore to be paid by the buyer upon delivery request of the gold order.

Should it not be possible for Securitas Aurum to deliver the gold to a client due to reasons not imputable to the company, then the buyer will receive a refund of the purchase price paid less the corresponding Processing Fees.  

Important notice about the tax regulations of each country:

"Investment coins and gold bars are, in accordance with Council Directive 77/388/EEC of 17 May 1977 as amended by Directive 98/80/EC of 12 October 1998 and published (Investment coins included in the list of tax exempt items in accordance with Article 26b, point A, ii) in the Official Journal of the European Union, OJ. EU 2005 No C 300, p.10) VAT exempt."

The shipment of gold outside the European Union cannot be carried out due to logistical reasons.  In such cases, the gold will be deposited at Securitas Aurum and made available for collection by the client.  The customer himself will then be responsible for the collection of the gold.

§ 4 Right to Revoke:

(1) How to revoke an order:

Each customer has the right to revoke his order or cancel his purchase agreement.  This has to be done in writing (letter or email) and addressed to Securitas Aurum.  The cancellation request has to be done within 2 weeks after having made his/her online order.  The revocation request has to be addressed to:

Securitas Aurum Ltd. 2B, Orpheos Street. 1070 Nicosia - Republic of Cyprus

Email: info@securitas-aurum.com

(2) Revocation Deadline

The revocation deadline begins on the day the client has made his/her order through the online shop of Securitas Aurum. In order to meet the cancellation period, it is necessary to send the cancellation request on time and within the stipulated revocation period of 14 days.

(3) Consequences of Revocation

In the event of a valid revocation request, the services received by both parties have to be returned and, should it be the case, also the derived benefits.  Should the customer not return the received services, or only partly or in a damaged state, the client will be obliged to compensate Securitas Aurum Ltd. for any damages incurred. Only then will Securitas Aurum commit itself to reimburse the deposits made by the client and which are subject to the pertinent revocation request. The charges for the bank transfer are to be paid by the revoking party. Consequently, this cost will be deducted from the reimbursement sum.

The internal administrative and processing costs are to be paid by Securitas Aurum.

 (4) Exclusion of the Right to Revoke

In the case of delivery of goods which are not suitable to be returned due to their character, for example: downloads, e-mail accounts, domains and sub domains (CSS & Premium CSS), the right to revoke is excluded.

§ 5 AURUM XXI:

The product “AURUM XXI“ includes the following services:

  1. 21 purchase contracts / orders for Gold Bullion Coins valued at 4.900,00 € each. The form of completion for each contract is that of “accumulation”.  The deposit of 100,00 € per purchase contract, in total 2.100,00 €, is included in the purchase price of the AURUM XXI. These 21 orders result in a total order of Golf Bullion Coins valued at € 102.900.- less the pertinent Processing Fees (5% of the total order value) and the resulting delivery costs. These contracts are not subject to any temporal limitation (Acceptance of the ordered Gold Bullion Coins).  These contracts are also subject in their entirety to all the Terms and Conditions stipulated by Securitas Aurum.  Therefore, please ensure that you read our Terms and Conditions carefully before deciding to purchase this product and making the corresponding order.

    • 15 contracts in block form to be administered by the client himself;
    • 6 contracts which will automatically fill the international contractual structure of Securitas Aurum from top to bottom and from left to the right.
  2. Free access to the Customer Support System (Premium CSS) and therefore all the tools provided for by Securitas Aurum within the P-CSS, after full payment of the AURUMXXI, and for the entire duration of the contractual relationship.
  3. Participation from the „AURUM XXI-Pool“. In this Pool the following revenues are included:
    • 21 % of all revenues obtained from the annual fees paid for the Customer Support System (P-CSS/CSS);
    • 21 % of the annual net profits obtained from the Securitas Aurum Virtual Gold Shops.
    Eligible for participation from the disbursement funds from the AURUMXXI Pool are only those clients who have fully paid their AURUMXXI (in the case of payment by installments, only those who have paid their last rate). Although Securitas Aurum encourages and is geared towards generating profits and payouts, it cannot guarantee or make any promises in relation to profits.
  4. A 21% discount in the starting price of the shares of Securitas Aurum, as soon as the company decides to enter the Stock Exchange. This preferential purchase price for future shares of Securitas Aurum Limited will only be available for those clients who own and have legal ownership of an AURUM XXI.
  5. For the administration of the Pool of the AURUM XXI, a separate accounting department within Securitas Aurum was set up, in order to safeguard the economic interests of the Aurum Pool and specifically identify the capital generated by the latter. The AURUM XXI Pool accounts are independently administrated and controlled by an external and certified public accountant.
  6. The AURUM XXI is limited to a maximum number of 2.100 AURUM XXI customers. The disbursements from the pool are paid out to all clients who fully own an AURUMXXI, upon completion of the accounts, on the first and the second semester of each calendar year, and only to those customers who have been at least 6 months in full possession of a fully paid AURUMXXI.  The legal ownership of the AURUMXXI is achieved only after full payment of the AURUMXXI

Every purchaser of an AURUMXXI should be informed that this product is to be considered as a Risk Investment with which Securitas Aurum finances part of its international expansion.  The entitlement to a refund of the purchase price expires automatically after the statutory cancellation period of 14 days has been surpassed. Furthermore, by purchasing an AURUM XXI, the customer is not acquiring any shares in Securitas Aurum Ltd.  

There is always the possibility of transferring the ownership of an AURUM XXI to another person. For such a transfer of ownership, Securitas Aurum charges an administrative fee of 150,00 € plus the legal V.A.T.

The entire AURUMXXI package, including the disbursements generated from the Pool, is inheritable.  In this case, Securitas Aurum will also charge an administrative fee of € 150,00 for the costs incurred as a result of the change of ownership. 

§ 6 Rights and Obligations of the Customer:

By selecting the purchase option "Clients win Clients", the customer is not obliged to work for Securitas Aurum. Furthermore, and during the contract period, the customer has, at any time, the right to the change the method of payment.

The cooperation does not imply any employment or commercial agency relationship between the parties. The customer is in no way entitled to issue, enter or accept any legally binding measures on behalf of Securitas Aurum.

Securitas Aurum provides the customer with a personalized website. The customer agrees not to alter this site.

The customer is obliged to comply with all the current applicable competitive regulations. For direct marketing campaigns by post, e-mail or fax, the customer needs to ensure that he/she has the explicit consent of the recipient(s). The customer is also required to identify any publicity made as his/her own.

The customer may use, for advertising purposes, only the materials provided by Securitas Aurum via the Customer Support System. In particular, the client may only use the name of Securitas Aurum, its registered trade mark and logo outside the personalized homepage with the previous written consent of Securitas Aurum.

Securitas Aurum provides the customer, during the term of the contract, with the non-exclusive, non-transferable and revocable right to use the trademark and logo of Securitas Aurum for the exclusive purpose of making recommendations.

Upon the expiration of the customer relationship, for whatever reason, the customer's right to use the trade mark or logo of Securitas Aurum, will become null and void.

In the event of a change in the trademark or logo of Securitas Aurum, the customer is obliged to immediately discontinue the use of the previous brand and logo and to use the newly adopted trade mark.

The limited right by the customer to use the brand, trade mark or logo of Securitas Aurum also applies to the internet, i.e., internet codes/addresses (domains), user names in communication tools like Skype, MSN, Yahoo, AOL etc.

The name 'Securitas Aurum" and the logo of Securitas Aurum is a trademark protected and registered by law worldwide and may not be used by any third parties, individually or jointly, for the marketing of gold bullion coins or bars.

An infringement of this rule will result in caution measures. The costs incurred will be charged to the infringing party.

The customer releases Securitas Aurum from any third party claims which may arise as a result of the violation of his/her obligations. However, Securitas Aurum reserves its right to pursue further claims if required.

§ 7  Tax Provisions:

The customer is obliged to pay/declare taxes on the revenues obtained through the accumulation  plan.  This will depend on the Tax Regulations applicable in the country where the clients has his/her fiscal residence.

§ 8  Information concerning Anti-Money Laundering Regulations:

Upon confirming  my registration and/or my order, I hereby declare that I am the holder of a valid identity card or passport, which reflects my name and surname,  date and place of birth, nationality and address as well as the type of official document, its number and the authority that issued the pertinent identification document.  This document will be submitted by me through the technical means provided by Securitas Aurum in compliance with the Laws and Regulations applicable against money laundering.  

I further declare that the funds used by myself for the payment of my gold orders do not derive from activities such as money laundering, terrorism, illicit drugs and/or arms trafficking or from the violation of trade embargoes imposed by the United Nations or other criminal acts.

§ 9 Exceptional Right of Termination:

Securitas Aurum reserves the right, in special cases, to terminate the participation of any client in the marketing concept "Clients win Clients". This right can be implemented at any time as a result of a serious breach of the Terms and Conditions of Securitas Aurum, or as a result of a client committing an offense which could damage the reputation of Securitas Aurum. This extraordinary right of dismissal does not imply any financial disadvantages or losses to the customer in question, since the order(s) made can always be settled through the other payment options offered by Securitas Aurum.

§ 10 Final Provisions:

  1. The buyer hereby expressly certifies by means of confirming his/her order that he/she has acknowledged the several purchase options available and furthermore, has understood and accepted the Terms and Conditions of Securitas Aurum stated herein.
  2. Furthermore, the client expressly acknowledges, in accordance with the Terms and Conditions herewith that the motive to purchase gold is not only the participation in the "accumulation plan ", but the conviction that the possession of gold in the form of bullion coins and/or bars is essential for the purpose of building up assets and savings for the future. The buyer is aware that many investment advisors and financial experts recommend the physical possession of gold in any type of investment or savings portfolio. In addition, the customer certifies, in agreement with the Terms and Conditions herein, that he/she is financially able to pay the purchase price of the gold ordered even without having to participate in the marketing concept "Clients win Clients".  Finally, the client acknowledges that no leadership positions within Securitas Aurum has been offered/promised by the company.
  3. For any legal issues between Securitas Aurum and the customer, the laws of the Republic of Cyprus will apply.
  4. Securitas Aurum will be liable towards the customer only in the event of severe violation of the assumed legal obligations, carried out intentionally or as a result of gross negligence. The affected party will need to submit proof or evidence in this respect prior to any liability claims. 
  5. The place of jurisdiction will be that of the place of business of Securitas Aurum Ltd.
  6. There are no supplementary agreements and no further additional agreements have been made. Any changes or amendments herein will require the previous written confirmation or acceptance by Securitas Aurum.

§ 11  Salvatory Clause:

Should one or more provisions of the purchase contract or of these Terms and Conditions be or become ineffective, or contain a loophole, the validity of the remaining provisions will prevail.  In place of the ineffective provision, or in order to fill the detected vulnerability, the regulation applicable will be the one closest to its legislative and commercial content.