Allocated Accounts
On an allocated account the investor actually owns a specific, allocated amount of metal held in the vault of a member of the London Bullion Market Association in London. The investor will be issued with a certificate detailing the bar number and the weight, and this bar(s) will sit in the vault and nobody is allowed to touch this metal. It will be ready to be collected by the customer at our premises at 72 hours notice, should the customer demand it.
As with purchasing the physical product, VAT will be payable on all metals other than gold, and on gold if not VAT registered.
There is a charge for storage and insurance of such holdings, which is subject to VAT and is payable per quarter in advance.
Allocated client purchases:
| Metal |
<1Kg |
1-3Kg |
3-10Kg |
10-25Kg |
>25Kg |
| Gold |
|
|
|
|
|
| 100g bars |
4% |
3.7% |
3.2% |
2.7% |
2.4% |
| Kilo bars |
|
3.45% |
2.95% |
2.45% |
2.15% |
| London Good Del. |
|
|
|
2.325% |
1.775% |
| |
<50Kg |
50-200Kg |
>200Kg |
|
|
| Silver |
7.75%* |
4.75% |
2.9% |
|
|
| |
* Minimum £100
Allocated client sales:
| Metal |
<1Kg |
1-3Kg |
3-10Kg |
10-25Kg |
>25Kg |
| Gold |
|
|
|
|
|
| 100g bars |
4.5% |
4.2% |
3.45% |
2.2% |
1.9% |
| Kilo bars |
|
4.2% |
3.45% |
2.2% |
1.9% |
| London Good Del. |
|
|
|
2.2% |
1.775% |
| |
<50Kg |
50-200Kg |
>200Kg |
|
|
| Silver** |
7.5%* |
4.5% |
2.7% |
|
|
| |
* Minimum £100 **Rate only available for customer re-sales.
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|
