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What is the difference between Allocated Coins & Bars and Unallocated Bullion?

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What is the difference between Allocated Coins & Bars and Unallocated Bullion?

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If you want to purchase allocated coins & bars, you pay the quoted fabrication charges at the time of purchase, in addition to the 1st year storage costs (% per metal). In the case of a purchase of unallocated bullion, you only have title to precious metal, as it is an unfabricated form. If delivery is required, you will need to pay fabrication charges.

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