Yes, the precious metals account is physically backed by bars stored in Switzerland. The bars are LBMA and LPPM certified and globally tradable. With every purchase, the corresponding weight is added to your precious metals account. The metals are audited annually by an independent accountant and are fully insured. The weight on your account is your legal property and fully allocated.
Buying precious metals per gram in insured storage offers a significant price advantage, and you can easily buy and sell through the Holland Gold App.