What is Allocated bullion?
Allocated bullion is bullion deposited under a safekeeping or custody arrangement. It is held as numbered bars, on labeled shelves, and it is the property of the individual owner. Even though it is held in a vault it is neither the property of the bank nor the liability of the bank. As such it is safe from bank insolvency. Please note that allocated bullion is NOT to be confused with unallocated bullion.
