NEW YORK, June 20, 2012 /PRNewswire/ -- Gold Bullion International (GBI), a leading provider of precious metals, today announced that it has established vaulting capacity near Melbourne, Australia, the company's first vault in the Asia-Pacific region. The company currently has existing vaults in New York, Salt Lake City, Zurich and London.
"The demand for physical ownership and storage of precious metals in the Asia-Pacific region, and specifically Australia, continues to outpace North America and Europe," said Savneet Singh, President of GBI. "With the addition of the Melbourne vault, we are meeting this growing demand and eliminate many of the obstacles investors in the region previously faced when purchasing gold, including accessibility and proximity."
GBI streamlines the antiquated system of purchasing, vaulting and owning physical precious metals. It is the first institutional quality company in the industry that allows every investor to buy, store and sell physical gold and other precious metals easily and safely.
"Our clients have told us that the ability to store precious metals easily in multiple geographies is an important aspect when selecting a trusted partner," added Singh. "As we continue to expand our product offerings to service the wealth management industry and precious metals investors, we hope to add a second location in Asia in the coming months."
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 five vaults they want their metals housed in. Client holdings are fully insured and audited periodically.
"Gold is part of any well-diversified portfolio," said Singh. "GBI provides access to this asset and delivers institutional quality service, a veteran management team, and 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