Investing in precious metals like gold, silver, platinum, and palladium can be a great way to diversify your portfolio and protect yourself against inflation. But where do you start? How can you invest in precious metals beyond buying a gold ETF in the public markets?
At Battle Bank, we offer options when it comes to investing in precious metals with either an Allocated or Unallocated Precious Metals Account. Here, we’re outlining the main features of each to help you decide what is best for your specific needs.
Allocated Metals Accounts
For thousands of years, individuals have sought to own precious metals in the form of gold bars, silver coins, and other treasures. There’s something reassuring about owning a real asset that you can hold in your hands even if global, digitally connected markets falter.
That’s what you get with an Allocated Metals Account from Battle Bank. You choose the kind of metal you want to own, whether gold, silver, platinum, or palladium and then you decide which type of bar or coin to buy.
Allocated Metals Accounts let you experience the beauty as well as the economic benefits of the world’s most desired commodities, all while giving you the flexibility to either store your metals with Battle Bank or have them delivered to your doorstep.
Unallocated Metals Accounts
What if you don’t care about taking delivery of your metals? What if, instead, you’re more interested in how gold and silver prices move or how they have demonstrated an ability to hedge against inflation, diversify portfolios, and grow wealth over time.
Unallocated Metals Accounts can be a great option for individuals who are looking for exposure to the metals market without a lot of hassle. With an Unallocated Metals Account, each purchase you make corresponds to a real piece of that precious metal that is pooled together with other Battle Bank customers and then stored on your behalf.
An Unallocated Metals Account can be a great, low-cost way to invest in precious metals. These accounts do not carry the same costs as Allocated Accounts since there aren’t any storage fees or any of the premiums associated with coins and bars. While it’s not possible to take delivery of unallocated metals, you can convert to an Allocated Account (fees apply) and take delivery.
Choose the Right Kind of Account for Your Needs
You may find that ownership of specific coins or bars within an Allocated Metals Account works best for you, or you may choose an Unallocated Metals Account for its convenience and lower costs. There’s no single right answer for everyone. But regardless of which account type you choose, when you open an account with Battle Bank, you’ll have access to the benefits of owning precious metals in your portfolio in a way that fits your unique needs.
