Allocated Account

Introduction

An Allocated Metal Account involves the secure storage of specific numbered gold bars or coins, set aside either in our vaults or the vaults of other members of the London Bullion Market and held as the property of and in the name of the account holder.

Allocated bars may be withdrawn from storage for collection at Baird's premises subject to 48 hours prior notice. Allocated gold is fully covered by our insurance policy with Lloyds.

Requirements

Opening an allocated 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

Fees

Allocated metal is fully covered by our insurance policy with Lloyds. There is a charge for storage and insurance on such holdings, which, with effect from 1^st July 2010, is GBP550.00 per bar p.a for 'large' gold bars (approx 12.5 kilos) and GBP60 per kilo p.a for small bars or coins in gold or palladium, payable per quarter in advance. Platinum is charged at GBP75 per kilo p.a , and for 1000oz silver bars is 0.5% of the average value of the silver stored billed quarterly in arrears on the average value of silver for the preceeding quarter. There is a minimum annual charge of GBP175 for gold, platinum and palladium. All storage and insurance charges are made for the quarter or part thereof, and are subject to VAT.

Contact Us

Call us on 0207 474 1000 for more information and an application form.