Gold Bullion International Announces New Service for 40 Act Funds
Timothy Plan is first to enroll
NEW YORK, July 7, 2015 /PRNewswire/ -- Gold Bullion International (GBI: www.bullioninternational.com) today announced the "40 Act Precious Metals Program." This program capitalizes on an SEC no-action letter which for the first time authorizes the storage of investment company metal with a non-bank entity, The Brink's Company (NYSE: BCO), a global leader in secure logistics. The program is the only offering which seamlessly combines non-bank storage with transactional services, providing investors with competitive pricing, liquidity and reporting.
"This is a game-changer for GBI," said Steven Feldman, Chief Executive Officer and Co-Founder of Gold Bullion International. "The program combines GBI, which facilitates the buying and selling of the metals, and Brink's, which provides the vaulting and transportation services. Precious metals have always been seen as a safe haven investment. Now the precious metals will be stored in one of the safest vaults in the world without the perceived credit, counter-party or systemic risk associated with the banking industry."
Florida-based Timothy Plan is the first fund family to partner with GBI and Brink's. The company exists to promote biblically responsible investing.
"Timothy Plan is leveraging the services offered by both GBI and Brink's to mitigate counter-party risk associated with storing precious metals in bank vaulting facilities," said Arthur Ally, founder of Timothy Plan. "This bullion investment is part of our defensive strategy to protect investors from a world full of risks. We felt strongly that using this program minimized certain risks that no longer had to be taken. This is a very important development for 40 Act funds that hold gold and other precious metals as part of their portfolios."
"Timothy Plan takes risk management very seriously and has become a pioneer among 40 Act funds," added Feldman. "More investors are opting to own the physical assets today, rather than an ETF or closed end fund. Bullion owners can now opt to store in the safest vaults in the world at a cost well below that of an ETF and even below the cost of bullion stored in banks. And they can do so without sacrificing any liquidity."
About GBI
Gold Bullion International (GBI: www.bullioninternational.com) is the leading institutional precious metals provider to individual investors and the wealth management industry. GBI's technology and operations platform is safe, reliable and easy to use. It allows investors to acquire and manage their physical precious metal assets directly through their existing wealth management or e-commerce relationships, as well as directly through GBI Direct. GBI, "Own What's Real."
About Timothy Plan
Founded in 1994, Timothy Plan (www.timothyplan.com) is a Florida-based family of mutual funds that focuses its investments on companies that accord with its principles of pro-life, purity, family, marriage, liberty, sobriety, longevity, and stewardship. Timothy Plan approaches money management in a way that allows concerned investors to align their values with their money. Timothy Plan offers a full range of funds, including Small Cap Value, Large/Mid Cap Value, Large/Mid Cap Growth, Aggressive Growth, Fixed Income, Growth & Income, High Yield Bond, International, Emerging Markets, Israel Common Values, Defensive Strategies, Strategic Growth, Conservative Growth, and Variable Annuities.
About The Brink's Company
The Brink's Company (NYSE: BCO) is the world's premier provider of secure transportation and cash management services. For more information, please visit The Brink's Company website at www.Brinks.com or call 804-289-9709.
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SOURCE Gold Bullion International
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