LONDON, 21 September 2011 - World No.1 gold market online, BullionVault is profiled today by the Wall Street Journal against a number of new competitors in New Zealand and Australia.
Reporting a press release from new precious metals business the Australian Bullion Exchange - which has yet to contact the companies it intends to partner, according to the WSJ - the article also highlights the New Zealand Mint's Bullion Exchange, and the Australian Perth Mint, currently making sales of US$10.2 million per month.
"London-based BullionVault, an online gold market with vaults in the UK capital, Zurich and New York, set business records in August with more than 2,500 new clients world-wide," the Journal's report concludes.
"Clients' gold holdings at BullionVault rose 20% during August to stand above US$1.42 billion, and the vaults were storing more than 24.3 metric tons, more than the central bank gold reserves of Canada, Hong Kong, Ireland and Qatar combined."
Subscribers can read the Wall Street Journal report here...
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