Buying physical Gold and Silver now made easier

11 October 2012

Buying physical Gold and Silver now made easier

Edge Capital Markets Ltd, a financial markets advisory firm with offices in Wellington and Auckland, today announced they are launching a new Bullion and Precious Metals portfolio account enabling clients to access direct investment in physical gold and other precious metals. The facility is made available to clients in New Zealand through Edge Capital’s association with ASX member firm BBY Ltd. BBY have established a relationship with financial technology firm CAIS Group to offer clients physical precious metals via CAIS Precious Metals.

Roger Barley, an Associate Director of Edge Capital, confirming the launch to clients this week, stated that recent central bank activity in the world’s financial markets had precipitated significant interest by investors wanting to own physical bullion in the form of gold silver and platinum bars as well as gold coins.

“Investors are looking for ways of protecting their assets during a time of active central bank money printing such as is being experienced today” he said. Central banks in Europe, UK and USA have announced programs of bond purchases funded by printing money, effectively increasing the money supply. Owning gold and silver has traditionally been a means of protecting wealth during such times of increased money supply and potentially higher inflation.

Barley said the facility allowed clients to choose between taking delivery of the precious metal, or storing the metal in private, nonbank vaults situated in four different geographical regions of the world. Clients receive monthly statements of their holdings and the accounts are audited on a quarterly basis. A key feature of the account is that clients have the choice of diversifying their investment across four different geographical regions around the world. “The facility is very cost competitive, and gives retail customers access to facilities and prices normally reserved for institutional investors” he said.

“Our Asian clients have been vocal about the need to add this asset class to their portfolios so we’re very happy to be working with Edge Capital Markets and BBY to bring the asset class to their clients across the region. Accessing physical precious metals has historically been difficult for the wealth management community, often limited to ETFs and gold mining stocks. CAIS can now meet this challenge with a cost effective, secure and transparent solution.” said Jeremy Norton, Co-Founder and Head of Asia Pacific at CAIS.

ENDS

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