What products are offered?
USGOLD: unallocated US Spot Gold
- Only available to legal residents of the United States. Not available to legal residents of Arizona, Montana, New Hampshire, and Rhode Island.
GC/MGC/SI/SIL: COMEX Precious Metal Futures (traded viaCOMEX)
- Available to eligible clients.
What is the difference between spot metals and precious metal futures?
- The spot metals market represents the current value of the asset for immediate delivery, whereas the precious metal futures market represents the price of the commodity at a certain time in the future for delivery in the future.
What does the term "unallocated" mean?
- US Spot Gold is considered "unallocated", which represents the most popular and straightforward way of trading gold. Credit balances are backed by the general stock of the bullion dealer who has the gold, and debit balances represent the indebtedness of the client to the bullion dealer. The gold remains "unallocated" until the account holder takes physical possession of it via the delivery process.
Can I take delivery of US Spot Gold?
Eligible clients of IBLLC can request physical delivery of some or all of their US Spot Gold position by sending a request to Client Services. The minimum denomination for delivery is one ounce and can be increased in one-ounce increments.
Unallocated US Spot Gold (symbol: USGOLD) can be converted into one of the following products:
- Gold Bullion Bar (.999) - 1 kg
- Gold Bullion Bar ISO Accredited (.9999) - 1 oz
- Gold Bullion Bar ISO Accredited (.9999) - 10 oz
- Gold American Eagle Coin - 1 oz
- Gold American Buffalo Coin - 1 oz
- Gold Canadian Maple Leaf Coin - 1 oz
Please note that delivery is only available within the US and service/delivery fees apply.
For instructions on how to request delivery, see How do I request physical delivery of US Spot Gold?
Can I take delivery of COMEX Precious Metals Futures?
- Clients of IBLLC can make and take delivery of COMEX Precious Metals Futures traded via COMEX, specifically Gold (GC), Silver (SI) and the corresponding micro contracts for Gold (MGC) and Silver (SIL). Physical delivery, in this context, is represented by the delivery-versus-payment of a registered electronic warrant or an Accumulated Certificate of Exchange ("ACE"). Each Gold (GC) and Silver (SI) future will deliver one warrant representing deliverable grade gold or silver associated with the contract unit, whereas Micro Gold and Silver contracts deliver an Accumulated Certificate of Exchange ("ACE"), issued by the Clearing House.
For instructions on how to request delivery, see How do I make/take physical delivery on Gold or Silver Futures?
Additional Information