Against the backdrop of increasing upsurge in the price of gold which reached its highest in nearly nine years, today (30/07/2020) at about $1,950 + per oz as the COVID-19 pandemic, economic meltdown and political tensions wreak havoc around the world, the metal continues to stand out as a pre-dominant safe haven investment asset for institutional and individual buyers alike.
The Gold Peak is pleased to announce that it has successfully launched its unique physical gold bullion offering that is specially tailored to the needs of high net worth individuals (HNWI) and family offices to allow them to re-balance their wealth portfolio. We have created a direct channel for them to buy directly from us at a special discount, thus ensuring their entry into this asset class at an attractive price, creating immediate value at current market conditions. We are able to do so as we are a primary producer with our own mines and processing plant. Our integrated supply chain in Peru produces regulatory compliant and high quality Dore bars that are refined via our LBMA and DGD Accredited refinery partners to deliver physical bullion as per LBMA good delivery list.
We have seen strong market demand in Europe, especially Germany where our portfolio of high net worth individual customers continues to grow and we are increasing our production capacity and bullion bar allocation to this market space. We are also developing a well-established sales and marketing organisation with sound technical and market knowledge to cater to needs of this demanding clientele as they strive to enhance and preserve their wealth.