NEW YORK, Dec. 4, 2012 /PRNewswire/ -- Gold Bullion
International (GBI), a leading provider of precious metals, today
announced that it has established vaulting capacity in Singapore, the company's second vault in the
Asia-Pacific region. The company
currently has existing vaults in New
York, Salt Lake City,
Zurich, London, and Melbourne.
"We are continuing to see strong demand for physical ownership
and storage of precious metals in the Asia-Pacific region, particularly in
Singapore, where recent regulatory
changes have made gold and silver tax exempt," said Steven Feldman, CEO of GBI. "With the addition
of the Singapore vault, we are
fulfilling a need to store precious metals safely and easily
brought on by an increasing demand in this region."
GBI streamlines the antiquated system of purchasing, vaulting
and owning physical precious metals. It is the first institutional
quality company in the industry that specifically integrates on to
the workstations of financial advisors, wealth management
professionals, and investors, allowing them to buy, store, and sell
physical gold and other precious metals through its
technology/operations platform.
"Singapore's proximity to the
world's two biggest gold buyers, India and China, will continue to elevate the country's
presence as a precious metals trading center," added Feldman. "By
expanding our operations there, we are positioned to meet the needs
of our clients and investors looking to store precious metals in
multiple geographies."
Investors who purchase actual physical precious metals, either
directly through GBI or through an intermediary using GBI's
technology platform, can select which of the six vaults they want
their metals housed in. Client holdings are fully insured and
audited periodically.
"Gold remains a part of any well-diversified portfolio,
especially given the current negative real interest rate
environment and evolving fiscal challenges both domestically and
abroad," said Feldman. "Backed by a veteran management team, GBI
provides access to this asset and delivers an institutional quality
service with the best industry pricing."
For more information about Gold Bullion International visit:
http://www.bullioninternational.com/
About Gold Bullion International:
Gold Bullion International LLC (GBI) is a leading institutional
precious metals provider to individual investors and the wealth
management industry. GBI's technology and operations platform
allows investors to acquire and manage their physical precious
metals assets directly through GBI or through their existing wealth
management account relationships. Precious metals are acquired from
London Bullion Market Association approved dealers, stored on
behalf of investors in protected and insured vaults in New York, Salt Lake
City, London, Zurich, Melbourne and Singapore, and audited by one of the big
four. GBI provides the easiest, safest and most reliable
option for precious metals ownership.
SOURCE Gold Bullion International