What does allocated bullion mean?
Allocated bullion generally means specifically identified bars, coins or lots are recorded for a particular owner rather than existing only as a general contractual balance.
What records should exist?
Records may include bar numbers, weights, purity, storage location, custody status, transaction history and withdrawal procedures.
Why does independent verification matter?
Customers should not rely solely on a receipt or website claim. Inventory counts, reconciliations, insurance details and custody agreements should be independently reviewed.