Does my precious metal need to be audited?

Although Serial numbered bars greatly assist with SMSF auditing procedures, they do come at a higher cost and are not mandatory. Many auditors insist that SMSFs demonstrate their bullion holdings are being stored safely and at arms-length. The vaulting services provided by Gold Bullion Australia Treasury Reserve (GBATR) are becoming increasingly popular, and they meet these strict SMSF storage guidelines no matter which product you choose.