worthiness or insufficient financial information on their banks, businesses or address.
GBI is a leading global business service company that provides the wealth management industry with customized products and solutions for physical precious metals investing. Based in New York City, the firm is lead by senior executives totaling over 100 years of financial services and wealth management experience from industry leading firms such as Merrill Lynch, Morgan Stanley and Wells Fargo. The seasoned management team is supported by an Advisory Board that includes retired General Wesley Clark, former House Majority Leader Richard Gephardt, Tocqueville Gold Fund Portfolio Manager John Hathaway and former Securities Exchange Commission (SEC) Chairman Arthur Levitt.
GBI has partnered with the best in class companies to provide a secure service where individual investing in gold actually purchases and owns the metal rather than a certificate of ownership. The actual gold bullion in the form of coins or bars is inventoried and stored in secure vaults around the world in such locations as New York, Utah, London or Zurich. All of the gold is insured by Lloyds’s of London both during transportation and within the secured vaults. A Big 4 accounting firm has been contracted to verify storage of the physical gold on a quarterly basis. :
• Bar type • Brand •
the client are: •
• • • •
Pure ownership – investor retain full title to the underlying gold assets.
No Counterparty Risk – investors are not exposed to risks related to financial solvency of banks, exchanges and investment trusts.
Liquidity – GBI’s trading partners include broker / dealers, refiners and miners.
Fully Insured – all stored bullion is 100% insured for full replacement value through Lloyds of London.
Physical Audits – A big 4 accounting firm, completes a physical verification of every bar stored to ensure physical presence within the vault and appropriate allocation.
• Cost Effective – GBI’s fees are more cost effective than alternative investment options in precious metals (mutual funds, closed end funds, ETF’s)
• •
Physical Delivery – investors can elect physical delivery of bullion.
Collateral – precious metals are universally accepted as collateral for loans through banks / financial institutions.
Serial Number
• Weight • Verification of allocated metal segregation
GBI reconciles to their accounts on a daily basis with the vaulting partners as an additional measure of security. One additional point of interest is that Gold has always been a fairly stable investment medium with minimal market correlation. Also, customers in Asia are very familiar with investing in gold. Many of the Asian banks offer gold denominated savings accounts. Over the past five years gold has appreciated in value and global investment demand for gold bullion is growing despite the current difficulty in buying and storing gold. Now, many casinos and GBI may develop an innovative new concept that we believe will be very attractive and marketable especially to international clients. The benefits to
42
The last benefit called Collateral is what triggered my idea of using gold as collateral for casino credit. Thinking outside the box again, we came up with what we call the Casino Collateral Credit Process where we allow a player who has opened an investment account with GBI to sign a document pledging up to 80% of his or her gold investment account value as collateral against any casino credit that the host casino will advance to a player. The investment account is easy for many international players to establish and it is also appealing to invest in gold and be able to use that investment as collateral against any credit issued by the host casino. For most casinos it is a great benefit as well to be able to grant casino credit that is collateralized against a secure investment to international players that we might not be willing to risk granting credit to. The casino customer also achieves all of the benefits of casino credit mentioned earlier. In addition, we are also able to offer the player additional benefits by linking the GBI account to their player club membership number which helps protect their identity for future transactions. It is a very clever process with no risk to anyone but substantial
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