New Commodities Portal and Leading U.S. Dealer to Offer Investors Gold, Silver, Platinum Bullion
07/13/2010 partners with leading U.S. precious metals dealer to offer retail investors Austrian gold and silver, American platinum bullion

Online PR News – 13-July-2010 – – In what may prove to be a paradigm shifting business engagement,, an Internet based commodities portal that connects investors with U.S. dealers who sell investment grade bullion, today announced Monex Precious Metals is now making Austrian minted Vienna Philharmonicas and U.S. minted American Eagles available for sale on the website.

Originally conceived as a niche oriented commodities directory that provides retail investors with direct access to dealers who specialize in selling and delivering physical bullion, also functions as a comprehensive learning annex. The new website hosts free research reports, dynamic tickers and price charts, links to popular news sources, interviews with prominent money managers. Several proprietary reporting tools are also in development.

According to founder Doug Welsh, “Finding a way to give visitors the opportunity to purchase precious metals through the website was an interesting challenge. After contacting the big retail dealers, we learned programs that allow third party use of dealer inventories for the purpose of selling bullion online did not exist.

“Considering the current popularity of precious metals across all investor classes, having an industry leader like Monex associated with a promotion that potentially redefines the way major precious metals dealers do business is obviously exciting. If timing is everything, this is a very important first step for us," Welsh said.

In a year marked by record high precious metal prices, both Austrian and U.S. bullion production facilities have in recent months struggled to keep up with public demand.

“As long as confidence is under threat in Europe, gold should continue to be on the receiving end of elevated physical demand,” Edel Tully, analyst at UBS AG in London, said in a recent company report. According to the website, "production of United States mint American Eagle gold proof and uncirculated coins has been temporarily suspended because of unprecedented demand."

While the website itself does not act in a financial advisory capacity, this month is sharing tips on tax benefits associated with purchasing and taking delivery of Austrian bullion. Information on precious metal sales tax increases scheduled to begin in 2012 is available through the website at or by contacting Monex directly at 1-800-949-4653 ext. 2206.

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