LONDON, 30 September 2011 - World-beating gold ownership service BullionVault features today in a detailed report on "vaulted gold" products published in Die Bank, Germany's leading specialist magazine for the banking sector.
Founded in 1961, Die Bank now boasts a circulation of nearly 8,000 senior bankers and financial managers. The October edition includes a 3-page report on the growth of demand for "vaulted gold" amongst German investors.
"Vaulted gold provides for the professional safekeeping of gold along with the convenient handling of its acquisition and divestment," explains Christian Haese, founder and managing director of Trustable Services GmbH in Berlin.
"The margins and commissions...on vaulted gold are generally significantly lower than those incurred for smaller gold bullion bars or gold coins. The costs for insured safekeeping are also competitive."
Despite strong growth in demand, Germany's banking sector has been slow to respond, says Die Bank, even though the majority of consumers continuing to favor financial services from regulated banks.
"Two of the leading non?bank providers of vaulted gold are BullionVault and GoldMoney. As of 2010 the World Gold Council, an organization within the gold industry, has been a strategic investor in BullionVault" - the London-based provider which consistently tops Trustable Gold's price and service comparison table. http://www.trustablegold.com/compare-gold/
Subscribers to Die Bank can read more - in German - on its website...
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