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Metal Accounts
If you choose to buy metal through a metal account you are still buying the physical metal. You still own that metal, exactly the same as if you were to take delivery of that metal. The only difference is that you do not take delivery of that metal, but it sits in a secure vault, stored on your behalf. There are various charges associated with this service, such as insurance and storage fees, which will be explained. The first choice that you have to make is whether to buy metal on an ‘Allocated’ or on an ‘Unallocated’ account. Each having different advantages and cost implications.
With either type of account the investor can buy and sell precious metals without getting involved in the physical delivery of the metal. Obviously, if you want to touch and feel your metal and look at it under the bed every morning to give you a comfortable feeling of reassurance then this is no good for you. (purchase physical product!) For convenience though, it has many supporters.
 
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