NEW YORK, July 7, 2015 /PRNewswire/ -- Gold Bullion
International (GBI: www.bullioninternational.com) today
announced the "40 Act Precious Metals Program." This program
capitalizes on an SEC no-action letter which for the first time
authorizes the storage of investment company metal with a non-bank
entity, The Brink's Company (NYSE: BCO), a global leader in
secure logistics. The program is the only offering which seamlessly
combines non-bank storage with transactional services, providing
investors with competitive pricing, liquidity and
reporting.
"This is a game-changer for GBI," said Steven Feldman, Chief Executive Officer and
Co-Founder of Gold Bullion International. "The program combines
GBI, which facilitates the buying and selling of the metals, and
Brink's, which provides the vaulting and transportation
services. Precious metals have always been seen as a safe
haven investment. Now the precious metals will be stored in one of
the safest vaults in the world without the perceived credit,
counter-party or systemic risk associated with the banking
industry."
Florida-based Timothy Plan is the first fund family to partner
with GBI and Brink's. The company exists to promote biblically
responsible investing.
"Timothy Plan is leveraging the
services offered by both GBI and Brink's to mitigate counter-party
risk associated with storing precious metals in bank vaulting
facilities," said Arthur Ally,
founder of Timothy Plan. "This
bullion investment is part of our defensive strategy to protect
investors from a world full of risks. We felt strongly that
using this program minimized certain risks that no longer had to be
taken. This is a very important development for 40 Act funds that
hold gold and other precious metals as part of their
portfolios."
"Timothy Plan takes risk
management very seriously and has become a pioneer among 40 Act
funds," added Feldman. "More investors are opting to own the
physical assets today, rather than an ETF or closed end fund.
Bullion owners can now opt to store in the safest vaults in the
world at a cost well below that of an ETF and even below the cost
of bullion stored in banks. And they can do so without sacrificing
any liquidity."
About GBI
Gold Bullion International
(GBI: www.bullioninternational.com) is
the leading institutional precious metals provider to individual
investors and the wealth management industry. GBI's technology and
operations platform is safe, reliable and easy to use. It allows
investors to acquire and manage their physical precious metal
assets directly through their existing wealth management or
e-commerce relationships, as well as directly through GBI Direct.
GBI, "Own What's Real."
About Timothy
Plan
Founded in 1994, Timothy Plan
(www.timothyplan.com) is a Florida-based family of mutual funds that
focuses its investments on companies that accord with its
principles of pro-life, purity, family, marriage, liberty,
sobriety, longevity, and stewardship. Timothy Plan approaches money management in a
way that allows concerned investors to align their values with
their money. Timothy Plan offers a
full range of funds, including Small Cap Value,
Large/Mid Cap Value, Large/Mid Cap
Growth, Aggressive Growth, Fixed
Income, Growth & Income, High Yield
Bond, International, Emerging
Markets, Israel Common Values,
Defensive Strategies, Strategic Growth,
Conservative Growth, and Variable
Annuities.
About The Brink's Company
The Brink's Company (NYSE: BCO) is the world's premier
provider of secure transportation and cash management services. For
more information, please visit The Brink's Company website
at www.Brinks.com or call 804-289-9709.
Media Contact
Andrew
Hoffman
908-546-7447
andrew@zitopartners.com
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SOURCE Gold Bullion International