Concept
Unallocated Gold
Gold Investment | Investing in Gold Bullion | Guide from BullionVault / Do you want to own your gold investment?
"An alternative to gold ETPs is so-called \"unallocated\" gold. Investing this way gives you the gains (or losses) from the value of gold belonging to a bank or a bullion refinery. Because you don't own the gold, you won't pay for its storage or insurance. Your investment, however, is exposed to the bank or refinery's financial survival, because you are one of their creditors. Technically speaking, you will be owed gold, rather than owning it."
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