Once you’ve made the decision to invest in precious metals, you also have to make a choice about how to invest in them. At Battle Bank, we give you two options: Allocated or Unallocated Precious Metals Accounts.
What’s the difference?
In an allocated account, you not only get to choose which metal to buy, but also the specific type of coin or bar to purchase. For example: You know you want to buy gold, but do you want 1oz Gold Eagle coins or do you want 10oz Gold bars? Each metal will have a variety of different coins and bars to choose from, which you can see current availability on our website. The final choice you would need to make is whether you want Battle Bank to store the metals on your behalf (fees apply) or whether you want to have the metals delivered to your address of record (fees apply). Allocated accounts usually resonate with customers who either want to take immediate delivery of their metals, want the option to take delivery at some future point, or want to buy certain coins and bars.
With an unallocated account, you are still buying physical metal but you aren’t telling us which specific type coin or bar you want to buy. Instead, you are simply giving the instruction to buy a certain amount of metal (for example: 5 ounces of gold, or $25,000 of gold). Each purchase is then pooled together with other Battle Bank customers and stored on your behalf.
Unallocated metals are usually a lower cost option since you don’t pay storage fees and they don’t carry the same premiums typically 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. Boiling it down, unallocated accounts typically appeal to those who want a low cost way to buy precious metals but really don’t have an immediate desire to take delivery.
Both Allocated and Unallocated Precious Metals Accounts have their own benefits and features. However, for most customers, Unallocated Accounts provide a number of advantages. Here are five of the most compelling reasons to choose an Unallocated Account at Battle Bank.
5 Benefits of Unallocated Precious Metals Accounts
1. Easy, flexible investing
Coins, bars, ingots, or rounds: precious metals come in a lot of different forms. But with an Unallocated Account, you don’t have to worry about picking which size and form of metal to invest in. All you have to do is make your deposit and choose which metal (or metals) you want.
2. Secure storage
Worried about theft or damage? When you choose an Unallocated Account, your purchase is stored safely and securely in one of Battle Bank’s storage facilities along with the unallocated holdings of other account holders.
3. Lower Minimums
You may think you don’t have enough cash to get started in precious metals, but the $5,000 minimum opening requirement for an Unallocated Account at Battle Bank enables you to start with a relatively smaller amount.
It’s a low-cost, convenient way to invest in precious metals, without having to worry about picking the right size and form of metal or finding a storage facility for your holdings.
4. Flexibility
What if you change your mind and want the ability to take delivery of the precious metals you own? You can switch your unallocated holdings to an Allocated Precious Metals Account at any time with Battle Bank. Then you can have your precious metals delivered to you or, if you prefer, keep them stored safely with us.
It’s not an all or nothing decision, either. You can move any portion of your precious metal holdings between account types at any time, although there may be some additional charges for fabrication, storage, and delivery.
5. Grow your wealth
With an unallocated metals account from Battle Bank, you get all of the portfolio benefits of owning precious metals without any of the hassle. You’ll enjoy features like inflation hedging, long-term growth, stability, and non-correlated returns while being able to take advantage of precious metals’ historic ability to serve as a store of value over time.
An easy way to invest in precious metals
When you open a precious metals account with Battle Bank, whichever account you choose, you can access the benefits of owning precious metals in your portfolio in a way that fits your needs.
