Terms & Conditions

Terms & Conditions for GoldSpot.vip

1. Binding Nature of Bids

By placing a bid on GoldSpot.vip, you enter into a legally binding contract to purchase the item if you are the winning bidder. Bids cannot be retracted or canceled under any circumstances.

2. Market Volatility & Price Locking

As precious metals are commodities subject to constant market fluctuations:

  • No Right of Withdrawal: Pursuant to EU and Spanish consumer laws, the standard 14-day "cooling-off" period does not apply to goods whose price depends on fluctuations in the financial market.

  • The final auction price is locked at the moment the auction ends. Changes in the "Spot Price" after the auction close will not affect the total amount due.

3. Payment Terms

To ensure security and speed in a volatile market:

  • Timeframe: Payment must be initiated within 24–48 hours of the auction's conclusion.

  • Methods: We primarily accept Bank Wire Transfers (SEPA for EU) and secure credit card payments for smaller amounts.

  • Failure to Pay: Failure to complete payment within the specified timeframe will result in immediate account suspension and a "Non-Paying Bidder" strike.

4. Shipping, Insurance & Pick-up

  • Secure Logistics: All shipments are sent via high-security, insured couriers (e.g., FedEx, UPS, or specialized bullion transport).

  • Local Pick-up: For high-value assets, local pick-up in Madrid, Spain, may be arranged by appointment only and requires valid government-issued ID.

  • Risk of Loss: Risk of loss passes to the buyer once the package is marked as "Delivered" by the carrier.

5. Authenticity & Purity Guarantee

GoldSpot.vip guarantees the authenticity and purity (e.g., .9999 fine gold) of every listing as described. All investment-grade bars are sourced from LBMA-certified refineries. If a discrepancy is found, a professional third-party assay report must be provided for a claim.

6. Taxes and Duties

  • Investment Gold: Most investment gold bars are VAT-exempt in Spain and the EU.

  • Silver and Other Metals: Silver and numismatic coins may be subject to VAT depending on the buyer's location.

  • International: Buyers outside the EU are responsible for all local customs, duties, and import taxes.