In response to strong demand for physical bullion, Toronto-based Bullion Management Group Inc. (BMG) announced Thursday that Guam-based Bullion Investment Corp. (BIC) has qualified to become a BMG BullionBars authorized dealer based in Hagåtña, the capital city of Guam serving Micronesia.
BIC, which will offer BMG investment products effective immediately, brings the global BMG dealer network to 59 dealers operating in 18 countries.
“BMG is very pleased to welcome Bullion Investment Corporation as our newest dealer and we look forward to a long relationship,” says BMG’s executive vice president Paul de Sousa.
“No other asset class offers the combination of downside protection and upside potential as precious metals bullion. Given the current economic situation, BMG believes that now is the time for individuals to move from fiat currency-based assets to bullion to minimize the real impact of inflation and offer true portfolio diversification.”
The BMG BullionBars program enables individuals to purchase Good Delivery gold, silver and platinum bullion and store the bars on an allocated and insured basis in a London Bullion Market Association member vault in Toronto, Hong Kong or New York. Alternatively, BMG BullionBars are available for delivery at any time at the request of the client.
With each bullion bar purchase, ownership of the bar is transferred to the purchaser and evidenced with a unique Bullion Deed issued in the client’s name, showing the bar weight, assayer, purity and bar serial number. The BMG BullionBars program ensures that the purchaser holds undisputed ownership of the bars in storage on an allocated and insured basis. Bars held in allocated storage do not form part of the custodian’s assets and may not be leased into the market or used in any way.
BMG is a precious metals bullion management company with over $580 million of bullion assets under management.