Reserve a specifc bar
What is a reserved bar?
Most bars in GoldRepublic are part-owned by a number of people. But if you hold enough gold or silver to make up one or more whole standard bullion bars, then you can select bars up to your balance, and choose to have them registered against your name. Then they become "reserved bars" and are your exclusive property.
Is a reserved bar allocated metal?
Allocation is the process of taking a gold or silver denominated balance sheet liability, usually of a bank, and converting it into real physical metal owned outright by the buyer. GoldRepublic gold and silver is allocated when the metal is collected and shipped to our vaults at G4S. All GoldRepublic gold and silver has been allocated, and your GoldRepublic metal is allocated whether or not you have a reserved bar.
GoldRepublic not only guarantees that the precious metal that it has delivered to you is actually in the safe at G4S, but that your precious metal is also identifiable in the safe. GoldRepublic can demonstrate and indicate which precious metal is (co-) owned by you.
Reserved bars offer the additional protection because you never have to take into account co-owners and you can chose to collect your gold from the vault on request.
What are the consequences of having a reserved bar?
There are several consequences of having a reserved bar. The Daily Audit will publicly show that the particular bar belongs exclusively to you. It will appear against you nickname below the master bar list for each vault. The bar will be taken out of dealing circulation. It will no longer be available for trading, by you or anyone, and will be listed in your account against your reserved balance. You will be able to release it at any time when you want to deal.
What are the charges?
There is a charge to reserve a bar in your name. There is no charge to release it. For an actual overview of the costs see our tarrifs page.
These charges are much lower than allocated whole bar ownership at most banks, where annual charges are usually about 1.5%. The comparison with ETFs is a little less favorable but in case of an ETF you are a beneficiary of a trust which owns a pool of gold bars, rather than a direct owner. You cannot register a bar of gold or silver in your name through an ETF.
How do you reserve a bar?
Make sure you are logged in at the ‘Reserve bars ‘section. At the top of the page you'll see the list of any bars already reserved in your name. Below that list you'll see the details of the largest bar you can reserve, if any.
Since all GoldRepublic bars are standardized there's little to choose between them. If you're not sure which bar to choose you should probably select the first one, as it will be the largest.
You'll be shown the full details of the bar, its current valuation, and the reservation costs.
Procedure
1. Login to your GoldRepublic account
2. Select RESERVE BARS
3. Select the bar you would like to reserve
4. Press RESERVE
5. Check the details of the bar you would like to reserve
6. Press CONFIRM
How do you release a bar?
You need to release a gold or silver bar before you can sell your metal, by following the steps below.
Procedure
1. Login to your GoldRepublic account
2. Select RESERVE BARS
3. Select the bar you would like to release
4. Press RELEASE
5. Check the details of the bar you would like to release
6. Press CONFIRM