Unallocated Account

Introduction

For clients wishing to buy and sell gold or silver on a regular basis or simply to hold precious metals in the most economical way the unallocated account facility offers the ideal solution. There are no storage or insurance costs whilst purchases of metal are held in an unallocated account and trading spreads offered when buying or selling are the most favourable.

Gold and silver are the usual metals traded in this manner but in addition account trading facilities can be provided for Platinum and Palladium if required. Trades in unallocated metals on account are VAT free.

Requirements

Opening an unallocated account is subject to the satisfactory completion of the necessary due diligence. To satisfy these requirements, we need to have evidence of identity in the form of a certified copy of your passport, driving licence or birth certificate, (or sight of the originals at our office). We also require two items as proof of address such as a recent bank statement, stockbroker or credit card statement, utility bills or Inland Revenue statement or Council Tax bill.

The minimum account balance is GBP5000.00

General Information

Unallocated metal account holders have a general entitlement to metal held by Baird & Co.

Unallocated gold held on account may be converted to specific allocated bars on request, subject to the appropriate charges (exchange for physical) as per our standard commission charges price list.

Contact Us

Call us on 0208 555 5217 for more information and an application form.