Allocated Accounts

Buying and Storing Physical Gold

Bullion Essence Allocated Metal Account involves the secure storage of specific numbered gold, silver, bars, 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 account customers receive quarterly statements and invoices.

Allocated bars may be withdrawn from storage for collection at Bullion Essence's vaults subject to 48 hours prior notice. Allocated gold is fully covered by our insurance policy.

Opening an allocated account is subject to the satisfactory completion of the necessary due diligence. To satisfy these requirements, we need to have one evidence of identity in the form of a photocopy or scanned copy of your passport, driving licence or birth certificate, (or sight of the originals at our office). We also require one item as proof of address such as a recent bank statement, stockbroker or credit card statement, utility bill or Council bill. We accept documentation in the form of: paper photocopies posted to us or scanned documentation emailed to us.

To open an allocated account with us click on the appropriate account opening form and save it to your computer. After reading our Terms and Conditions complete the form and email a scanned copy of the form to goldplan@bullionessence.com

Send your request for the account opening forms to: goldplan@bullionessence

Unallocated Accounts

For clients wishing to buy and sell gold, silver, on a regular basis or simply to hold precious metals in the most economical way the unallocated account facility offers the ideal solution. There are no storage or insurance costs whilst purchases of metal are held in an unallocated account and trading spreads offered when buying or selling are the most favourable.

Trades in unallocated metals on account are VAT free.

Opening an unallocated account is subject to the satisfactory completion of the necessary due diligence. To satisfy these requirements, we need to have one evidence of identity in the form of a photocopy or scanned copy of your passport, driving licence or birth certificate. We also require one item as proof of address such as a recent bank statement, stockbroker or credit card statement, utility bill or Inland Revenue statement or Council bill. We accept documentation in the form of: paper photocopies scanned documentation emailed to us.

The minimum account balance is ZAR 15000.00

Unallocated metal account holders have a general entitlement to metal held by Bullion Essence.

Unallocated gold, silver, held on account may be converted to specific allocated bars on request, subject to the appropriate charges (exchange for physical) as per our standard commission charges price list. To request for account opening forms send email to: goldplan@bullionessence