GoldMoney, one of the world's leading online precious metals traders has announced it is to be a sponsor of the Society of Trust and Estate Practitioners (STEP) in Jersey.
Head of European Business Development at GoldMoney, Martyn White said: 'STEP works hard to help maintain the high standards of our Trust industry in Jersey through its CPD events and the various qualifications it supports. Our customers often buy precious metals as a wealth preservation tool and so it seems a natural fit for us to help support STEP in its aims.'
Gold as an asset class has a long history of wealth protection. It has recently been included in the Jersey Retirement Annuity Trust Schemes (RATS) and is seen as a key ingredient for helping provide a diversified portfolio.
The Jersey branch of STEP is one of the largest and most active in the world. Commenting on the sponsorship agreement, branch chairman Tony Pitcher said: 'We are delighted to welcome GoldMoney on board. The support of our sponsors enables us to provide a range of seminars and conferences throughout the year. These events expose our members to experts in the field of trust and estates thus adding to the expertise available in the Island.'
Jersey based GoldMoney has over 22,000 customers worldwide and stores over US$1.4 billion of precious metals in its partner vaults.
NOTES TO EDITOR
GoldMoney is one of the world's leading providers of physical gold, silver, platinum and palladium for retail and corporate customers. Customers can trade and store precious metal online easily and securely, 24 hours a day.
GoldMoney stores around $1.4billion of precious metals worldwide for over 22,000 customers.
GoldMoney has offices in London, Jersey and Hong Kong. It offers its customers storage facilities in Canada, Hong Kong, Singapore, Switzerland and the UK provided by the leading non-bank vault operators Brink's, Via Mat, Malca-Amit, G4S and Rhenus Logistics.
Historically gold has been an excellent way to preserve purchasing power over long periods of time. For example, today it takes almost the same amount of gold to buy a barrel of crude oil as it did 60 years ago which is in stark contrast to the price of oil in terms of national currencies such as the US dollar.
GoldMoney is regulated by the Jersey Financial Services Commission and complies with Jersey's anti-money laundering laws and regulations. GoldMoney has established industry-leading governance policies and procedures to protect customers' assets with independent audit reporting every 3 months by two leading audit firms.
Follow the GoldMoney Dealing desk team on Twitter: @goldmoneyupdate