|By PR Newswire||
|December 10, 2013 10:43 AM EST||
NEW YORK, Dec. 10, 2013 /PRNewswire/ -- GBI, the first electronic physical metals trading platform, announced today the formal launch of its Digital Physical Gold effort (www.digitalphysicalgold.com). Digital Physical Gold (DPG) works with all digital currencies, exchanges, merchants, banks, payment companies and governments to enable the physical gold backing of their activities.
"The digital currency boom is a function of many factors, but we believe two primary objectives are leading the charge," said Steven Feldman, CEO of GBI. "The first is the desire by merchants to have a lower cost and more efficient means of payment. The second is to have a currency that is not easily printed or otherwise created. Gold has served the latter purpose for over 3,000 years."
GBI is the first institutional quality company to streamline the antiquated system of purchasing, vaulting and owning physical precious metals. It has created a robust proprietary technology that links order flow into a competitive marketplace for physical gold and other precious metals. The allocated physical metals are stored in non-bank vaults in New York, Salt Lake City, London, Zurich, Singapore and Melbourne. It services a wide range of customers from large institutions to retail investors.
The effort is being spearheaded by GBI President Savneet Singh. According to Mr. Singh, "The rise of bitcoin and other virtual currencies has reinforced the notion of gold as a currency. Unlike the new virtual currencies, gold has a 3,000 year track record." Singh continued, "Whether it's working with a virtual currency exchange, providing gold convertibility to a currency network, working with a credit card company on a gold debit card, or the Chinese government to create a digital yuan – we can service them all."
For more information about GBI visit: www.bullioninternational.com
About Gold Bullion International:
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 a competitive institutional dealer network, 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. GBI, own what's real.
Contact: Jonathan Estes, 1-646-822-1274, [email protected]
SOURCE GBI, LLC