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Allocated Accounts:
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The most secure way, physically stored in a bank like safety deposit
box, owned and managed by the bullion dealer. The buyer has full
ownership and the dealer can't lend, lease or trade the gold. It must
be available and ready for shipment for the buyer.
Unallocatea Accounts:
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Similar to allocated accounts, but the gold is not physically
present. Buyers won't have to pay storage and insurance fees.
However, it can be made available to the buyer in two business days.
Bullion dealers in general do not deal with quantities under 1,000
gold ounces, which are mostly bought by institutions, large investors
or banks on behalf of their clients.
Gold Pool Accounts:
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There are alternatives for investors wishing to open gold accounts
holding less than 1000 ounces. For instance, in Gold Pool Accounts -
where you have a defined, unsegmented interest in a Gold accounts
pool of gold - you can invest as little as one ounce.
Electronic Currencies:
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Similar to unallocated/allocated funds, but payment is made online
via a credit card or checks.
Gold Accumulation Plans:
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GAPs is like a bank savings account, but instead, the currency used
is gold. A fixed amount of money, as little at $50 is automatically
debited from your bank account towards this fund. In the end of the
term, or usually as little as one year, the buyers can get their gold
in form of bars, bullion coins or cash.
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