In general, gold and silver bullion may be bought and stored in two ways, either on an ‘allocated’ basis or on an ‘unallocated, pooled’ basis.
‘Unallocated’ storage occurs when an investor buys interest in a pool of gold that is part of a financial institution’s liquid reserves, but does not own specific bars. The institution keeps a record that the client owns a particular amount of gold in its inventory, but does not specify which individual bars they are. If the financial institution gets into trouble or collapses, it may not be able to answer the investors claim.
With ‘allocated’ gold, the investor is the outright owner of specific, individually numbered and registered bullion bars. The allocated gold is the investor’s individual property and it cannot be used as the institution’s reserve.
As authorized distributors for both The Perth Mint and P.A.M.P, The GoldCompany provides LBMA approved bullion bars all certified and marked with a unique serial number whose deed is owned outright by you. These bars are held segregated in your name and may be viewed, sold, or withdrawn by you at any time.
Clients may opt to take physical delivery of their gold, or may choose to deposit their bullion in the Secure GoldBank Depository for safe storage. In this case, The GoldBank is simply the guardian of your gold and silver, while you are the true owner.
