NEW YORK, June 25 /PRNewswire/ -- Gold Bullion International (GBI) announced today that it has launched a new physical precious metals service that will enable financial advisors to provide their retail clients the ability to buy and store allocated specific bars of gold, silver, platinum and palladium in an efficient, secure and cost-effective manner.
Based in New York City, Gold Bullion International is led by chief executive officer Colbert Narcisse, a 17-year veteran of Merrill Lynch, and is supported by a seasoned management team and an Advisory Board that includes retired General Wesley Clark, former House Majority Leader Richard Gephardt, Tocqueville Gold Fund Portfolio Manager John Hathaway and former SEC Chairman Arthur Levitt.
GBI's operating platform makes acquiring physical gold bullion and other precious metals as seamless as purchasing a stock or bond. By simply accessing a ticker symbol on their order entry system, financial advisors can execute transactions representing the amount and type of precious metals on behalf of their clients. This service provides an alternative to the cumbersome and expensive options historically available to retail investors who often had to pay large premiums relative to the spot market price.
"Even though demand for physical gold ownership has exploded, there has not been an efficient or cost-effective method to meet that demand. Retail investors were limited to either buying an exchange traded fund, a gold mining stock or paying extremely high premiums to acquire gold coins," said GBI CEO Colbert Narcisse.
In response, GBI created a proprietary operating platform that provides an efficient, secure and cost-effective method to acquire and store precious metals. This service has been developed by a team of highly experienced financial services executives and further supported by the insights provided by each of our distinguished Advisory Board members," concluded Mr. Narcisse.
GBI has partnered with best-in-class service providers to ensure quality, security and integrity in the process of investing in physical precious metals. The firm's comprehensive service includes the purchase of precious metals from a global network of London Bullion Market Association dealers, transportation, fully insured storage in secured vaults around the globe, client reporting and quarterly on-site asset verification by an internationally recognized accounting firm.
Commenting on his involvement in GBI, John Hathaway, Advisory Board member and Portfolio Manager of the Tocqueville Gold Fund said, "There will always be a need for allocation to physical assets, and with its long-term intrinsic value gold offers investors an important core component for portfolio diversification. In the nearly forty years that I've been investing in gold, access to bullion has been difficult, especially for the individual investor. Gold Bullion International meets this challenge with a cost effective, secure and transparent solution."
About Gold Bullion International
Gold Bullion International (GBI) is a global business services company that enables investors to efficiently and securely acquire, manage and store physical precious metals. Through its proprietary platform and the industry's most respected service providers, GBI delivers the first comprehensive, efficient and secure way for financial advisors to offer retail investors the ability to purchase and store physical precious metals. Based in New York City, GBI is led by a seasoned management team and is supported by an Advisory Board that includes retired General Wesley Clark, former House Majority Leader Richard Gephardt, Tocqueville Gold Fund Portfolio Manager John Hathaway and former SEC Chairman Arthur Levitt. More information can be found at www.bullioninternational.com.
SOURCE Gold Bullion International