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What is the difference between allocated storage and unallocated storage?

April 26, 2017allocated difference storage unallocated

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What is the difference between allocated storage and unallocated storage?

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Allocated storage is when a customer’s precious metals are held in specific physical form of trade bars or bullion coins and are segregated in inventory from other customers’ precious metal. Precious metals held within an unallocated storage account is the same as holding a pool account of precious metals. The precious metals are fungible and are not segregated from other customer holdings.