SCOTTSDALE, Ariz., and SYDNEY, Dec. 13, 2016 /PRNewswire/ -- Monetary Metals and ABC Bullion announce that they have entered into a cooperative agreement to provide precious metals trading and storage to Monetary Metals and its clients. The agreement will help Monetary Metals onboard Australian and Asian clients, facilitate logistics for its precious metals leasing business, and increase geographic diversification in its Gold Exponential Fund™.
Under the terms of the agreement, Monetary Metals will bring new business to ABC Bullion, and vice versa. The two companies will mutually promote each other's business to their respective clients.
"We are excited to partner with a leading precious metals refiner and depository in Australia. We are looking forward to accelerating our business globally," said Keith Weiner, CEO of Monetary Metals.
Jordan Eliseo, Chief Economist for ABC Bullion, said that that agreement with Monetary Metals was a natural fit for their refining, bullion trading and private vaulting business, noting that "the team at Monetary Metals are real innovators in the precious metal space. Investment demand for gold and silver is set to grow considerably in the coming years, and it's exciting for us to work with Monetary Metals on the solutions they're bringing to the market."
About Monetary Metals
Monetary Metals unlocks the productivity of gold by offering a yield on gold, paid in gold and gold financing, simplified. The company's flagship offering is the Gold Exponential Fund. Monetary Metals also offers a fixed income product, with other investment vehicles under development. Monetary Metals publishes groundbreaking research to help investors understand the emerging role of gold as the ultimate measure of wealth. http://monetary-metals.com
Bron Suchecki, VP Operations
+61 4 1210 1912
About ABC Bullion
Trading since 1972, ABC Bullion is Australia's largest independent bullion dealer and precious metal depository, providing Australia's only twenty-four hour two-way market in physical precious metals, via its online investment portal, and trading teams located in Sydney, Perth and Hong Kong. ABC Bullion products are exclusively produced by ABC Refinery, Australia's only independent LBMA accredited gold refinery. ABC Bullion is the official manufacturer of the Emirates Melbourne Cup. http://www.abcbullion.com.au/
Jordan Eliseo, Chief Economist
+61 4 0986 3594
+61 4 2273 4988
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SOURCE Monetary Metals & Co.