Gold News

BullionVault handed major award in the UK

BullionVault director Paul Tustain was delighted after the company received a prestigious honour at a ceremony in London last week, Commodity Online reports.

The firm, which is the world's largest store of privately-owned investment Gold Bullion, was given the Queen's Award for Enterprise Innovation at its headquarters in Hammersmith, London.

Reflecting on the success, Mr. Tustain - who set up the business from a rented garage four years ago - was thrilled to have its efforts in the gold industry officially recognized.

He told the news provider: "I'm honoured the Queen has recognized BullionVault for making gold simpler, safer and cheaper for private investors.

"It's one thing to spot an opportunity, but quite another to make it happen and I'm very proud of the hard work done by the BullionVault IT development team in making the company the success it is today."

The company, which now stores over £330 million worth of the yellow metal on behalf of more than 13,000 customers, saw its turnover surge by 549 percent to £252 million last year.

Her Majesty's citation explains that its main contribution was offering 24-hour internet trading access for investors who could previously only Buy Gold in the form of coins.

Looking to Buy Gold today? For direct access to live Gold Market prices – and to save up to 80% compared with coin dealers' fees – click through to BullionVault now...

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