GBI LLC
485 Lexington Avenue Suite 304
New York, NY 10017

Toll Free: (877) 424-9507
International: (212) 901-0902
Fax: (646) 219-1615

Email: gbia-service@bullioninternational.com

Please see the full support and contact information on our contact us page.

The GBI Advisors Portal provides Registered Investment Advisors exclusive platform access to open individual client accounts to purchase, store, and sell physical precious assets.

Precious metals purchased through GBIA are manufactured by refiners recognized by the LBMA for their production of good delivery bars. Through GBIA’s proprietary network of institutional dealers and refiners, clients are ensured that they are getting the most competitive prices in the market.

GBIA ensures best price by leveraging its network of institutional dealers and refiners for all client trades. Through a competitive bidding model for each order, the client has greater transparency and knows that they are getting the best available price.

Precious metals purchased through GBIA are manufactured by refiners recognized by the LBMA for their production of good delivery bars. GBIA offers a wide selection gold, silver, platinum and palladium bars and coins. Please visit our products page for a complete listing.

The client’s holdings are eligible to be included in the RIA’s consolidated statements via the appropriate reporting platform. Furthermore, GBIA client statements can be generated on a monthly basis

Trading hours are during normal NYSE hours (9:30am-4:00pm), and trading will remain open in the event of an unexpected market closing.

We are constantly working to integrate into new clearing platforms and report aggregators. Please ask if we work with one of your current partners. If you have any suggestions for future partners, please let us know!

Only in certain rare cases, such as delivery orders to some U.S. states where bullion is a taxable good. Read our sales tax guide to learn when and why we charge sales tax on purchases and if you’re affected.

The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market. These bars are notable for their recognized brands and high purity.

Currently, holdings are stored on behalf of clients in protected and insured vaults in New York, Salt Lake City, Zurich, London and Singapore. In the future, GBIA may offer other storage locations based on security and customer preferences. GBIA has partnered with approved vaulting partners to provide storage, insurance and transportation services.

Holdings are reconciled on a daily basis by our approved vaulting partners. Inventory reports containing bar lists are sent to GBIA by our vaulting partners for all individual holdings and are reported to clients daily. In addition, an internationally recognized Big Four auditing firm physically audits all of our client’s holdings at least annually.

GBIA stores physical assets on an “allocated” basis. Allocated means the assets are held in the vault specifically on behalf of each client.

GBIA strives to settle orders within 2 business days following their execution. In the unlikely case that GBIA is unable to purchase or sell assets totaling the exact order amount, the Broker will only be required to pay (in the case of a purchase) or will only receive (in the case of a sale) the amount due or received in connection with the executed transaction.

When purchase or sale orders are placed and GBIA cannot match assets from a Supplier or the Retail Client, as applicable, exactly to the dollar amount, GBIA will use its reasonable discretion to execute the transaction as close as possible to the dollar amount.

Only certain assets have unique serial numbers. We only send serial numbers for variable weight bars. The stamp on most bars are stamps from the refiner and are not unique identifying numbers. Bars with unique serial numbers include 100oz and 400oz. gold bars and 1000oz. silver bars – and all three are considered “variable weight” bars. When a client purchases a bar with a unique serial number, they will maintain ownership of that particular bar. All others are allocated.

Once the required registration documents have been received and approved, the Registered Investment Advisor will be given access to the GBI Advisor Portal. The RIA will have the ability to create individual client accounts directly on the GBI Advisors portal. Eligible account types will include individual, joint, corporate, partnership, sole proprietorship, LLC, and trust accounts.

There is no upfront cost for establishing your GBIA account.

GBIA offers Individual, Joint, Corporate, Partnership, Sole Proprietorship, LLC, and Trust accounts.

No, retirement funds must be kept separate for tax purposes. In order to utilize retirement funds, you will need to establish a separate trading account in the name of your IRA.

Please allow 24 hours from the time of submission for the new IRA to be established with Equity Trust Company. If Equity Trust Company requires any additional information for the establishment of your new IRA, a representative will contact you within that 24 hours period.

IRA to IRA transfers typically take 5-7 business days, depending on the turnaround time of the firm from which the funds are being transferred from. Rollovers from employer sponsored plans typically take 10-15 business days, depending on the turnaround time of the current plan administrator.

As with a personal trading account, you will have full trading authority over the assets. However all deposits to the IRA and all distributions from the IRA must be processed through and reported by Equity Trust Company (IRA administrator).

There are three methods of depositing funds to your IRA trading account. You may transfer funds from any existing IRA, you may rollover funds from a previous employer plan (i.e. 401k, 403b, 457) or you may make an annual contribution to the IRA.

For more information on making a deposit, see the “Funding” tab

Yes, you may take physical possession of your metal at any time. In-kind distributions from your IRAs are reportable to the IRS. The market value that will be reported on your 1099R is the previous day’s closing price of that product.

An IRA transfer is the movement of funds from one IRA trustee/custodian directly to another trustee/custodian. You can request as many transfers as you like each year; transfers are tax-free, and there are no waiting periods between transfers. IRA transfers are not reportable on your tax return.

An IRA transfer is initiated by completing the accepting custodian’s IRA transfer paperwork. Once the paperwork is submitted, the accepting custodian will initiate the transfer on your behalf. Transfers between trustees/custodians typically take 5-7 business days.

A “direct rollover” is the movement of retirement funds directly from a previous employer plan to a traditional IRA. A direct rollover is initiated by the plan participant(employee) and is typically initiated by completing the employer’s “direct rollover” form. The current administrator/employer is not required to withhold federal taxes on direct rollovers to a qualified IRA.

An “indirect rollover”, in contrast, is a distribution to you of assets from one retirement plan that you then contribute to an IRA. To avoid taxes on the distribution, the funds must be deposited back into an IRA within 60 days of receipt of the distribution. If the distribution from a qualified plan is made directly to you, the payer must withhold 20 percent for taxes. You can avoid the withholding by initiating a “direct rollover” to an IRA.

No, transactions made within the IRA are not subject to taxation. No annual IRS reporting is required by the IRA holder for trades made within the IRA.

Only distributions (withdrawals) from the IRA are reportable to the IRS. Taxable distributions from an IRA will be reported to both the IRA holder and the IRS by the IRA custodian (Equity Trust Company)

The IRS requires that IRA assets be held by a qualified custodian; an individual may not act as an IRA custodian. The IRA custodian/administrator is also responsible for all recordkeeping and IRS reporting for the IRA. The custodian will track any contributions, rollovers and transfers made to the account. They will also record any distributions that you take as well as any investments that you make through your IRA.

There are two require annual IRS filings (Form 1099 and 5498) that the custodian will provide to both the IRA holder and the IRS. The 1099 will show any distributions taken from your IRA. Form 5498 shows any contributions made to the account throughout the year, as well as the Fair Market Value of your account.

Equity Trust Company charges an annual administration fees of $100. Administration fees are charged on the establishment date of the retirement account and each year after.

An UTMA is a good way to let minors own assets besides stocks, bonds, or mutual funds – which are generally more difficult for them to own.

Nearly any type of asset can be invested in an UTMA account, including (but not limited to) real estate, equities, and physical commodities.

The custodian who is designated at the time of the creation of an UTMA account manages the assets. Only one custodian may be designated per an UTMA account.

No. From the creation of the account through the final transfer to the minor, the assets are considered the child’s property.

Depending on your tax status, there may be donation restrictions. Speak to a registered tax advisor for more information regarding your personal status.

No. While the assets are usually used for college, the minor can use the funds for whatever they would like with no penalty.

No. All transfers to an UTMA account are irrevocable.