One of the FAQ for the gold backed invest account seems to be suggesting that even though it is a gold backed invest account, the value of one’s account is always totalling amount deposited in Australian Dollars, compared to a fixed amount in ounces of gold whose Australian dollar value fluctuates with gold priced in Australian dollars. Maybe I have misunderstood?

This is correct, the main purpose of the account is to secure our members’ funds with Gold. If the member wishes to earn interest then they simply complete the form on our website and their funds are not only secured by Gold Bullion but they also earn interest. %5 per annum is the rate today.

Open your gold backed interest account (needs to have a gold backed account first)

The members’ funds are safe and earning interest and available at a moment’s notice and tax free and anonymous.