Guernsey bullion services provider changes name to Bullionrock
Guernsey Mint Refined and Guernsey Mint Bullion have rebranded to Bullionrock Select, Invest and Direct for institutional services, investment portfolios and physical bullion sales respectively.
The rebranding is intended to better identify the different services areas for clients globally.
Bullionrock offers investment in physical bullion stored in Gurnsey, with gold assets also able to be held in Switzerland.
The services provider says that demand for physical bullion has remained high despite gold price volatility in recent months. Bullion stored by Bullionrock can be accessed at any time by investors.
Managing director Robin Newbould said: “For some time we have recognised that trust companies and investment houses, working on behalf of clients with diversified portfolios, as well as individual high net worth clients, have not been well served when it comes to trading or storing bullion. Bullionrock Select and Bullionrock Invest offer credible, specialist services for these investors.”
“Physically owning bullion is, we believe, recognised as a stable, long-term investment diversification strategy and we have positioned Bullionrock to be the best business for investors looking for credible precious metals investment services. We are in a unique and advantageous position in the market. We buy and store physical gold, silver, platinum and palladium in Guernsey where there is no sales tax paid on any of these precious metals. We hold investors’ bullion in the exact form, purity and size that they have requested us to purchase – we do not like the ‘fractional ownership’ model pursued elsewhere.”