Precious metals, with institutional record-keeping
Gold, silver, platinum and palladium with storage, vault and ETF look-through tracking.
Precious metals investing combines physical custody with paper exposure. A typical allocation sits across vaulted bullion, allocated and unallocated accounts and ETF positions, each with different counterparty risk and tax treatment. Most allocators track this in spreadsheets that lose the look-through. Reuben AI provides structured tracking of physical and paper exposure, vault and counterparty risk, storage costs and inflation-hedge attribution within the broader portfolio.
Why this asset class needs a different operating model
Physical and paper are not the same. Allocated bullion, unallocated accounts and ETFs each carry different counterparty risk. Treating them as a single exposure misses real differences.
Vault and counterparty risk is real. Storage venue, allocation status and counterparty creditworthiness all affect realisable value in stress scenarios.
Storage costs are recurring drag. Vault fees, insurance and administration costs erode returns. Net realised yield needs to be tracked separately from headline price exposure.
Inflation-hedge attribution matters. Precious metals often sit in portfolios as inflation hedge. Realised hedging effectiveness needs structured measurement, not assumption.
How Reuben AI covers it
Physical and paper exposure tracking
Allocated bullion, unallocated accounts and ETF positions tracked separately with counterparty, vault and look-through documented per holding.
Vault and counterparty monitoring
Storage venues, custodians and counterparties tracked structurally with concentration limits and counterparty credit surveillance.
Storage cost attribution
Vault fees, insurance and administration costs attributed per holding with net realised yield computed continuously.
Inflation-hedge measurement
Realised hedging effectiveness measured against portfolio inflation exposure with rolling correlation and attribution analytics.
Institutional reporting
Custody confirmations, audit-ready position reports and investor-facing exposure summaries generated from the same physical and paper data.
Relevance by fund type
VC
Niche
PE
Niche
Private Credit
Niche
Growth Equity
Niche
Hedge Fund
Adjacent
Infrastructure
Niche
Family Office
Core
Emerging
Niche
CVC
Niche
Institutional
Opportunistic
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Common questions
Does Reuben AI handle physical custody?
No. Reuben AI is the record-keeping and reporting layer over custodians and vault providers. It integrates with the providers the fund uses rather than holding metal itself.
How are allocated and unallocated holdings differentiated?
Each holding is tagged as allocated or unallocated with counterparty, vault and look-through documented. Risk reports treat the two distinctly.
Can it handle ETF look-through?
Yes. ETF positions are tracked with underlying physical exposure looked through where the ETF discloses it, so portfolio-level metal exposure is accurate.
See Precious Metals in Reuben AI
Book a demo to walk through deal flow, diligence and reporting tailored to this asset class.