Commodity Online
LONDON: BullionVault.com, the online gold-dealing service for private investors, has been presented with a Queen's Award for Enterprise Innovation at its company office in Hammersmith.

BullionVault's Director, Paul Tustain, was presented with Her Majesty's official citation by Wing Commander Mike Dudgeon OBE DL, Deputy Lord Lieutenant for the London Borough of Hammersmith and Fulham, in an award ceremony on Wednesday 27th May 2009.

Mr Tustain said, "I'm honoured the Queen has recognized BullionVault for making gold simpler, safer and cheaper for private investors."

Now employing 15 full-time staff, BullionVault enables private investors from around the world to buy and sell gold bullion at low cost via the internet, storing it securely inside professionally approved vaults.

Mr Tustain launched the business from a rented garage in 2005 after struggling to find a simple and cost-efficient way of buying gold for himself.

Last year BullionVault’s turnover grew by 549% to £252 million, netting £1.8m in pre-tax profits and becoming the world's largest store of privately-owned investment gold bullion. Today it cares for over £330m worth of physical gold on behalf of more than 13,000 customers.

"It's one thing to spot an opportunity, but quite another to make it happen," said Mr Tustain, "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 Queen's citation explains how private investors were restricted to dealing in high-cost gold coins until BullionVault was launched. Now they can trade 24 hours a day, live over the internet, and using new technology built by the company’s own IT team, BullionVault also publishes daily information showing clients that their gold is safe and they are entitled to it in full.

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook