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How is ownership or title of metal established in SMIs Safekeeping Program?

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How is ownership or title of metal established in SMIs Safekeeping Program?

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An account application for our Precious Metal Safekeeping program must be signed and dated, and returned to us. All metal in safekeeping will be maintained in your name and will not appear as an asset of Sunshine Minting, Inc. In addition, all metal will be insured against any casualty loss such as fire, theft, etc. When you open or add to your safekeeping account, a statement will be issued showing the number of ounces added to your safekeeping account.

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