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Is a reserved bar “allocated” metal?

April 26, 2017allocated bar metal

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Is a reserved bar “allocated” metal?

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Allocation is the process of taking a gold- or silver-denominated balance sheet liability – usually of a bank – and converting it into real physical metal owned outright by the buyer. BullionVault gold and silver is allocated when the metal is collected and shipped to our vaults at Via Mat. All BullionVault gold and silver has been allocated, and your BullionVault metal is allocated whether or not you have a reserved bar. Reserved bars offer the additional protection of a public declaration that a specific bar belongs to a specific person.