What is Allocated Precious Metal?
Allocated precious metals like gold and silver are legally owned by an individual investor, not a bank. The actual metals are stored in a secure vault and allocated to a private party. As a result, allocated bullion is safe from insolvency, it is physical metal that is your legal property.
When you purchase gold and silver on the ReadyCoins.com website, you own the metal, it is yours to hold or sell, even as it’s in transit to the vault. Your metal belongs to you until you choose to sell it or settle your account using one of our versatile settlement options.
A point of clarity – while your gold and silver are allocated, they are not segregated. Frankly, we just don’t see the benefit to investors. Segregated storage takes time and, more importantly, costly labor that would increase your fees. An ounce of gold is an ounce of gold, and paying to let it sit on a separate shelf doesn’t improve its security or value. Allocating your investments without segregating them is one of the many ways we help you save on premiums. It’s the kind of advantage you get when you work with the Ready family of companies – a group of businesses that is changing the game in the precious metal industry.