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Investment in gold can be done directly through the purchase of physical gold and its ownership, or indirectly through gold certificates, accounts, shares, futures etc. However, gold's benefit as a secure asset is only truly realized when directly owned and stored in bullion or coins. Most investors would not recommend storing gold oneself (e.g. in one's home or buried in the garden) but to use a bank or dealer. Other than storing gold in one's own safe deposit box at a bank, gold can also be placed in allocated (also known as non-fungible), or unallocated (fungible or pooled) storage with a bank or dealer. In the unfortunate case of the latter going bankrupt, the client will be unable to claim the gold and would become a general creditor, whereas gold held in allocated storage should be returned to the client in full |
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