One of the safest and most traditional forms of gold investing are gold accounts. Since this is one of the oldest ways of keeping physical gold in your portfolio, you have numerous options available. If you are thinking about opening a gold account, there are several factors that you need to be aware of. Different accounts entail different levels of mediation associated with the client and their gold. One of the most important factors that you should take the time to realize and be aware of is whether the gold will be fully reserved or pooled.
In case of unallocated or pooled gold, you may be running a risk because there is not any promise or guarantee that you will have an equal exchange for your metal particularly in the case of a bank run. Another factor that you will want to take into consideration, while choosing the account, is the strength of your claim on the gold when a number of events such as bankruptcy or a foreclosure of assets takes place.
There are a lot of banks that offer gold accounts. In this event, gold is available for purchase and sale straight away, just like any foreign currency. However, make sure that you choose the best option that suits your needs best.