Gold Bullion International Establishes Presence in Singapore Regulatory Changes and Strong Demand among Asia-Pacific Investors Prompts Expansion
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