Physical gold storage at LCORE means serial-numbered, segregated bars in a pre-customs vault, covered by $250M Lloyd's insurance, and governed by ADGM English Common Law — not pooled accounts or paper proxies.
Request Consultation About LCOREThe gold storage market offers four distinct structures. Only one — allocated — gives the holder direct legal title to physical metal. The others are creditor claims of varying quality.
| Type | What You Own | Bankruptcy Risk | Rehypothecation |
|---|---|---|---|
| Allocated (segregated) | Specific bars, serial numbers, title document | First-priority secured | None |
| Unallocated | Claim on bank's gold pool | Unsecured creditor | High |
| Pool / commingled | Fractional claim on shared bars | Unsecured creditor | Possible |
| Paper (ETF, futures) | Financial instrument only | Fund/counterparty risk | Not applicable |
LCORE offers allocated storage only. Every client receives a Warehouse Receipt listing specific bar serial numbers, weight, purity, and deposit date. No exceptions.
Gold storage jurisdiction determines what law governs your title, what courts enforce it, and whether your government can seize it. These are not theoretical concerns.
Historically neutral. Strong property rights. However: Swiss banks froze Russian assets in 2022 following SECO alignment. FINMA oversight. CHF repatriation risk for non-residents.
English Common Law — strong creditor rights. But: UK joined Western sanctions fully. HMRC oversight. Subject to UK freezing orders for designated persons.
English Common Law (ADGM Courts). UAE has not joined the Western sanctions regime. FATF-clean since February 2024. Zero import/export duty. No capital gains tax. No wealth tax.
Vault insurance is not a commodity. The difference between a standard vault policy and a named Lloyd's of London certificate matters when you need to claim.
Coverage typically $25M–$100M per event. General policy covering all clients collectively. Sublimits per client. Insurer may dispute valuation at time of loss. Sub-sovereign grade insurers common.
$200M per shipment/transit event. Named insured policy via Marsh Ltd (FCA #307511), Policy FINST2550081. Lloyd's of London — the global standard for high-value asset insurance since 1688.
Your specific bars, your serial numbers, your Warehouse Receipt. No pooling, no rehypothecation. Ever.
Abu Dhabi International Airport pre-customs zone. Zero import/export duty. No UAE customs clearance required for international transfers.
$200M per event. Named insured certificate. Marsh Ltd as broker. Not a pooled vault policy.
English Common Law. FSRA oversight. Reg. 28158. Independent ADGM Courts. Warehouse Receipt = first-priority secured creditor status in insolvency.
Settlement in AED, RUB, CNH, EUR, GBP available. DVP mechanism for commodity trade. No SWIFT dependency.
Minimum $5M. Confidential consultations. No retail. Full AML/KYC compliance.
Institutional allocated storage from $5M. Abu Dhabi pre-customs vault. Confidential consultation.