Buying Gold and Silver

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Buying Gold and Silver Allocated or Unallocated
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Buying Gold and Silver
When buying Gold and Silver, knowing the
difference between Allocated and Unallocated can
save you money. Banks generally prefer you to
store your gold 'unallocated', so that it becomes
formally their property. Because gold qualifies
as a liquid reserve asset, which underpins the
bank's ability to lend, what you think of as your
gold will actually belong to the bank.
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Own Your Gold and Silver
JUST LIKE YOUR MONEY, BANKS CAN USE AND LEND YOUR
GOLD AND SILVER.
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Dont Give Banks Your Gold
Banks do this by taking more short term cash
deposits, and lending them long. It's the ability
of your gold to convert quickly into cash which
allows the bank to do this. Banks can expand
their lending by about eight dollars or more for
every dollar of their reserve, so they make a lot
more money out of doing this than they do out of
renting you vault space. That's why they tend
to offer you 'free' unallocated storage, but very
costly allocated storage, at something like 10
times the wholesale rate for vault space. With
unallocated storage it would be your gold (or
technically speaking their gold) which would be
sold for the benefit of the bank's short term
creditors during a bank run.
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Know The Difference
ALLOCATED STORAGE KEEPS YOUR GOLD SILVER YOURS.
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Keep Your Gold Safe
Commercial vaults - including those used
by GolverCard - have no banking license and no
motivation to over-price allocated storage. When
buying Gold and Silver, you should always choose
to go with Allocated storage. Read full
post http//www.golvercard.com/blog/2015/4/28/bu
ying-gold-and-silver-which-is-better-allocated-or-
unallocated  
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GolverCard Explainer Video
GolverCard is an innovative savings and payment
system backed by gold silver. We offer the
benefits of the precious metals industry through
gold and silver, with all the advantages of the
banking industry. Watch Our Explainer Video!