Unallocated Accounts
On an unallocated account, the investor simply holds a claim over an amount of physical metal held in a pool by the bullion dealer or bank. People sometimes feel insecure over this type of account because they feel that they do not actually own the gold, but it is very similar to a bank account, where the bank uses your money, but recognises that you have a claim to a certain amount of money held in its reserves. This form of account also has significant tax and cost benefits to the investor- particularly with precious metals other than gold. An unallocated metal account holder is effectively an unsecured creditor of the counterparty.
It is possible to convert an unallocated account into specific allocated bars at any time subject to the appropriate conversion charge.
Unallocated client purchases:
| Metal |
<1Kg |
1-3Kg |
3-10Kg |
10-25Kg |
>25Kg |
| Gold |
2.5%* |
2.2% |
1.7% |
1.2% |
0.9% |
| |
<50Kg |
50-200Kg |
>200Kg |
|
|
| Silver |
7.5%* |
4.5% |
2.7% |
|
|
| |
<10Kg |
>10Kg |
|
|
|
| Platinum |
1.4% |
0.9% |
|
|
|
| Palladium |
2.7% |
1.4% |
|
|
|
| |
* Minimum £100
Unallocated client sales:
| Metal |
<1Kg |
1-3Kg |
3-10Kg |
10-25Kg |
>25Kg |
| Gold |
2.5%* |
2.2% |
1.7% |
1.2% |
0.9% |
| |
Any |
|
|
|
|
| Silver |
1%* |
|
|
|
|
| Platinum |
1%* |
|
|
|
|
| Palladium |
1%* |
|
|
|
|
| |
* Minimum £100
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|
