Individual BMG BullionBarsTM can be purchased
in five different products: Gold in one kilogram
bars, 100-ounce bars and 400-ounce bars, Silver
in 1,000-ounce bars, and Platinum in 50-ounce
bars.
With
each bullion bar purchased, the BCS registry
maintains all the details of the BMG BullionBarsTM
and owners. None of the client details are at
all connected to the internet, providing the
highest security and confidentiality for BMG
BullionBarsTM owners. This registry also allows
owners to easily sell their bullion.
A
physical bullion deed, identifying smelter,
serial number, fineness and exact weight of
bars, is also issued for your recordkeeping.
By entering into a storage holding agreement,
the bullion will be stored at The Bank of Nova
Scotia in Toronto, Canada. The Bank of Nova
Scotia provides investors a secure, fully allocated
and insured storage facility. On a delivery
request, the purchaser is required to pay shipping,
insurance and handling fee.
Process:
Investors must first fill out the BCS Application
Form and agree to submit to World Check verification.
Once BCS approves an application, clients are
required to open and fund their purchase account
by wire transfer. An order for BMG BullionBars
can then easily and conveniently be placed.
Fees: These have now considerably reduced given the volume of business achieved to date.
On purchase, clients must pay a purchase charge on top of the prevailing market (spot) price; the purchase charge varies between 1% and 2.5% of the bullion’s purchase price, depending on the size of the order.
Ongoing storage, including insurance, (if this option is selected) costs between 0.75% and 1% per annum for gold and platinum bullion and between 1.0% and 1.25% per annum for silver bullion, depending on the size of the order.
Selling bullion already owned and in storage incurs a sales charge of between 0.5% and 1%, depending on the size of the order.
Delivery charges vary considerably depending on the size, value and weight of the order, as well as the destination.
