> ## Knowledge Base Index
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# What happens to my holdings if Troygold is liquidated?

Troygold simply acts as bailee for your holdings, as evidenced by your Gold Ownership Certificate.

This means that you are the legal owner of the gold you own on the Troygold platform and Troygold simply stores and manages your holding on your behalf.  
​  
You enjoy full, direct legal ownership of your gold – it’s your property and does not form part of Troygold’s balance sheet assets.

Therefore, if anything were to happen to Troygold, you would retain full ownership of your gold holdings. An appointed liquidator will be tasked to redeem or liquidate the precious metals according to the Troygold ownership register, which provides the relevant metal holdings of clients and links the client to a specific coin or bar ID.

Herewith a letter from Troygold’s accountants confirming the above – click [here](https://troygold.app/accountants-vault-holdings-letter) to view.