LONDON--(BUSINESS WIRE)--Effective 12 April, the World Gold Council (WGC) transferred its 11% holding in BullionVault to Gold Bullion Investment Trust (GBIT). GBIT is a connected organisation of WGC. As required by the articles of the company the transfer was approved by the BullionVault board on the same date.
BullionVault.com is the world's largest physical gold and silver online market, offering private investors the cheapest access to and storage of investment-grade bullion. Launched in 2005, it has now enabled more than 60,000 private investors across 183 countries to benefit from the low dealing costs, deep liquidity and ultra-high security of the wholesale bullion market.
BullionVault users – 89% of whom live in North America or Western Europe – today own $1.4 billion worth of gold bullion between them (£953m, €1.2bn, ¥154bn), more than is held by most of the world's central banks, plus a further $273m (£190m, €240m, ¥31bn) in physical silver.
For more information, visit: https://www.bullionvault.com