Is unallocated gold SIPC protected?

1. Interactive Brokers LLC is a member of SIPC.
2. SIPC protects cash and securities held with Interactive Brokers.
3. SIPC does not generally cover commodity futures or options on futures.
4. SIPC protects cash, including US dollars and foreign currency, to the extent that the cash was "deposited with Interactive Brokers for the purpose of purchasing securities."…

You can find information on your rights under SIPC protection on the FINRA website…

No. Unallocated US Spot Gold will be subject to a 100% margin requirement. This means that IBKR will not allow you to borrow money using unallocated gold as collateral. Similarly, your fully-paid unallocated gold positions cannot be used as collateral to purchase or maintain securities positions…

Yes, you may take delivery of only a portion of your unallocated gold position.

Additional Information…