Bullion banks offer so-called gold accounts. Allocated gold accounts provide investors with full ownership of vaulted gold, while unallocated gold accounts provide investors only with claims against the provider, rather than any outright ownership in gold. Typically, bullion banks do not deal in quantities of less than 1000 oz (about U.S $1.7 million ) in either type of account,World Gold Council: Gold accounts. In: An investor’s guide to the gold market, European Edition, p. 45, December 2011 which means that gold accounts are mainly targeted at institutional or very wealthy private investors.
