Although investors can typically purchase small quantities of gold, silver or platinum bars or coins through various precious metals or coin dealers, their storage options remain very limited.
Even for smaller purchases of bullion, the investor must establish a new, independent relationship with a bank or coin dealer independent of their financial advisor. They then assume the risk of self storage that is uninsured. Even if home insurance were an option for precious metals, the investor’s family would be exposed to the risk of personal harm in the case of robbery.
Traditional financial advisors, securities and mutual fund dealers, and wealth managers, have not been able to offer any direct means for their clients to purchase and store physical precious metals. While numerous options in precious metals derivatives are typically available (options, futures contracts, mining shares, ETFs), there are no bullion products available through traditional financial advisors that allow for the purchase of physical gold, silver or platinum bullion in individual bars.
Bullion Custodial Services Inc. (BSC) a BMG company, has made BMG BullionBars available through BMG BullionBars Authorized Dealers. Your financial advisor may enquire about becoming a BMG BullionBars Authorized Dealer.
The BMG BullionBars program provides global investors the ability to purchase and store larger amounts of physical bullion in a simple, convenient and low cost manner.
BMG's custodial storage agreement with The Bank of Nova Scotia provides for bullion storage on an allocated and insured basis in Toronto, New York and Hong Kong.
Investors holding BMG BullionBars are provided with a BullionDeed recording the exact identification of each bullion bar they own by registered owner, assayer, purity, fineness, and bar serial number.
Other derivative forms of precious metals investment vehicles are either someone else's liability, or are highly dependent on someone's ability to pay. As a result, the investor is dependent on the robustness of the financial market, and may not have deposit protection. BMG BullionBars are allocated in physical form so they are not anyone's promise of performance.