Financial Services - Portland, ME, US
The process for taking ownership of physical precious metals remains needlessly difficult and inefficient worldwide. Investors often endure arbitrary exclusions, hidden fees, indefinite promises of liquidity, daunting counterparty risks, prohibitively high costs of storage, obstacles to redemption, and other frustrating barriers. The chain of custody of gold, for example, has developed in such convoluted ways that institutional investors often ignore the asset class entirely, rather than tolerating the illiquidity, uneven quality, restricted access, clunky messaging, and other drawbacks of taking a position in bullion. Similar to what the digital advances by the DTC achieved to drive remarkable efficiency in securities markets and what the sophisticated SWIFT process did for the accuracy and speed of global cash management four decades ago, a beckoning opportunity awaits the physical gold industry to evolve to a higher level of responsiveness and automation to serve the needs of investors. The opportunity has arrived to re-energize the market for allocations to physical gold by creating more effective direct links between miners, refiners, dealers and investors in the established chain of custody. What is needed is a technology platform for facilitating efficient gold ownership that modernizes the investment segment of the precious metals industry. Our technology, Bullion Gateway is doing just this.
Amazon AWS