Bullion Account Types

ABC Bullion can help you buy and store account purchased bullion with three great options. But which should you choose? See which one you think is right for you, or give us a call to discuss your options.

Option 1: Premium secure storage The ultimate in luxury vaulted storage, this option is ideal if you are an SMSF (super fund) holder and need to be able to spot-audit individual bars.  You have a specific, numbered individual bar stored separately for you and you can withdraw your metal any time, without barring charges. (This is sometimes called numbered allocated storage, and additional charges apply for this type.)   Includes Replacement insurance (Lloyds of London) Minimum storage for purchases is 1kg (32.15oz) in Gold and 15kg (482.25oz)  in Silver. Storage Fees: $18.50 per oz Gold and $20 per kg Silver per annum (includes gst). Option 2: Secure allocated storage This is our most popular storage type, giving you a bar with a specific weight, stored for you in a high security vault until you need it. You'll have an individual bar securely vaulted and allocated to you. You can withdraw your metal any time, without barring charges. (This is sometimes called allocated storage.)   Minimum Storage for purchases over 1oz (gold, platinum, palladium) and 1kg (silver). Storage Fees: $12.50 per oz Gold and $16.00 per kg Silver per annum (includes gst). Includes Replacement insurance (Lloyds of London)		Option 3: Secure bulk vaulted storage Secure bulk is our lowest cost option, for serious traders of precious metal and people who want to get their trades as close as possible to the spot price. You'll own legal title to a fraction of gold stored in bulk bars and only pay barring charges when you want access to your metal, which you can withdraw anytime. This is sometimes called “unallocated metal,” and a small barring charge is made when you withdraw.   Minimum Storage for purchases over 1oz (gold, platinum, palladium) and 1kg (silver). Includes Replacement insurance (Lloyds of London)

Remember: at ABC Bullion, all our buying options give you 

If you have trouble choosing which type of gold storage and account is right for you, just give us a call or email us here and we'll be delighted to help you find the right storage type for your needs.

Barring charges for secure bulk storage

Barring charges represent a premium you pay over and above the spot gold price when you buy precious metal bullion. The barring charges cover the cost of assaying, refining and handling gold of one type that needs to be liquidated or converted to another bar size.

How to choose a type of bullion purchase

In practice, this comes down to how you will prefer to invest in bullion. If you want the maximum possible security, you may wish to invest in London Good Delivery bullion (such as PAMP brand) and hold this as numbered, allocated bars. 1kg MINIMUM ETC

If, on the other hand, you are happy with very high security gold, then you can choose secure bulk vaulted Storage (unallocated) gold in order to get as close as you can to the spot price and maximise your investment return.

If you want to discuss the different options, please do contact us at any time.  We'll be happy to help you choose the type of bullion that is right for you.

Should I buy large bars or smaller bars?

If you are a serious investor planning to hold gold for some time, we recommend you hold gold in 1kg bars. This is because these bars are efficient (with only a small percentage of their value charged in barring) but are still small enough to trade easily.

If you buy smaller bars the barring charge as a percentage of the cost of the bar increases making them less efficient investments.