LONDON, 13 November 2011 - BullionVault, the world-leading gold and silver market for private investors, saw record trading on its online exchange over the past 12 months, reports The Sunday Times, the UK's third best-selling Sunday paper, on page 3 of its highly-regarded Business Section.
"BullionVault saw sales shoot up by 81% to £549m [in the 12 months ending Oct. 31] as its customers, typically entrepreneurs and pensioners, sought safe places to invest," says The Sunday Times.
"The company allows people to buy and sell precious metals online using vaults in New York, London and Zurich. BullionVault said it stored 26.3 tonnes of gold for customers during the year - more than the combined reserves of Canada, Ireland, Hong Kong, Luxembourg and Qatar. Pre-tax profits rose 48% to £5.5m."
"There are plenty of fundamental reasons why gold is so popular," The Sunday Times quotes Paul Tustain, founder and CEO of BullionVault. "People who sit and watch governments print money tend to lose a lot of their savings through inflation, but it favours people who own gold."
Times subscribers can read the full story here...
Gold bullion - Buy online at live gold prices.
