NEW YORK, March 12, 2013 /PRNewswire/ -- Gold Bullion International (GBI), a leading provider of physical precious metals to the wealth management industry, announced today a partnership with The Entrust Group, a leader in the field of self-directed IRA administration to leverage The Entrust Group's custodial services and create the first fully automated online physical precious metals IRA platform. Registering for an account through select GBI partners, individual investors can buy, sell and store physical precious metals and allocate them within an IRA.
The distribution of the platform will be done exclusively through a set of pre-approved partners to white label the offering. GBI is in active discussions to add to a growing list of partners, including both precious metals dealers and IRA specialists.
"The IRA platform is a natural extension of our core business – streamlining the process to allow investors to create gold and other precious metal IRAs safely, easily and at low cost," said Steven Feldman, co-founder and CEO of GBI. "Previously, investors were forced to fill out numerous paper forms, deal with multiple vendors, potentially wait 30-45 days to open an account and pay very high fees upfront."
GBI is the first institutional quality company to streamline the antiquated system of purchasing, vaulting and owning physical precious metals. Through its proprietary technology, IRA orders are placed for competitive bid by GBI's network of dealers and refiners, ensuring that investors receive competitive pricing. The precious metals are also allocated to the client's name, unlike traditional bank and dealer processes. Currently, bars and coins of gold, silver, platinum and palladium specifically included in the IRA can be stored in New York and Salt Lake City vaulting locations.
Investors using the precious metals IRA platform have the opportunity to contribute to both their 2012 IRA and 2013 IRA, which includes IRA types such as traditional, SEP, SIMPLE and Roth. In addition, investors that have recently switched jobs or retired also have the option to roll over existing 401Ks into the IRA program.
"Our IRA customers recognize that physical gold is the perfect retirement investment," added Savneet Singh, co-founder and president of GBI. "Gold has been around for 5000 years as a store of value and investors know that it will be available to them and valuable when they retire. That is not something you say about any other asset."
For more information about Gold Bullion International, or the physical precious metals IRA platform visit:
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 a competitive institutional dealer network, 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. GBI, own what's real.
SOURCE Gold Bullion International