Good News - Ainslies & Bullionmark now own The Reserve Vault

Discussion in 'General Precious Metals Discussion' started by Black_Sun, Aug 8, 2012.

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  1. Black_Sun

    Black_Sun New Member

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    from their website this morning;


    The Reserve Vault, Brisbane

    Attention Bullion Storage Customers

    The ownership of The Reserve Vault has finally been resolved. Ainslie Bullion Company and BullionMark, in partnership, purchased the majority shareholding in the facility on Tuesday, August 7.

    We believe that, while the TRV is already a first class facility for the storage of precious metals, it has the potential to be world class. However, patience is required, as a lot of hard work will need to be done to achieve our vision of the facility. We will be working to achieve Lloyds of London accreditation.

    Should you have an outstanding account with the RV, you will receive a new invoice in the next few days, with details of the new bank account, reflecting the change in ownership.

    There will be little change for storage clients of Ainslie Bullion Company, but should any clients of the TRV have any questions regarding their account, please email [email protected].

    We look forward to serving your best interests with improved services and security.

    Brian & Geoff

    Ainslie Bullion Company
     
    Black_Sun, Aug 8, 2012
    #1
  2. bron suchecki

    bron suchecki Active Member Silver Stacker

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    Nothing on the reserve vault's site?
     
    bron suchecki, Aug 8, 2012
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  3. tozak

    tozak Well-Known Member Silver Stacker

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    I would feel much better knowing Brian has his finger in it now, he would have to be one of the most stand up trustworthy guys I know.
     
    tozak, Aug 8, 2012
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  4. Kawa

    Kawa New Member

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    Call me Dumb.But why would anyone buying PM's because they don't have faith in Fiat currencies,Banks and the ASX store them in someone else's Vault?
     
    Kawa, Aug 8, 2012
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  5. Black_Sun

    Black_Sun New Member

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    whoa... that's a mouthful. Not having faith in 3 things - fiat, banks, and the ASX. Best not to assume... cause you can end up looking like an ass.
     
    Black_Sun, Aug 8, 2012
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  6. Water&Food

    Water&Food New Member

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    Be a role model then. Stop assuming with silver and gold. :rolleyes:

    I agree with Kawa (though the person never stated): double standards.
     
    Water&Food, Aug 8, 2012
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  7. Levant

    Levant New Member

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    One hypothetical reason - suppose you split your storage between your own premises and a private vault (trv is not a bank!), then if one was compromised, your potential losses are halved.

    Another possible reason - I know people that just don't want the security considerations of storing their physical at home...
     
    Levant, Aug 8, 2012
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  8. Black_Sun

    Black_Sun New Member

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    Bravo, my good man, bravo. You've got potential. You're still just a beginner, so some of the subtleties have eluded you, but this will be enough spoon-feeding of Kawa for now. :)
     
    Black_Sun, Aug 8, 2012
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  9. Kawa

    Kawa New Member

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    If you read my post you will see that I dont say that people who buy PM's are exclusive of currencies,banks and shares as a group of three.You have posted a reply to try and make it seem that way because I have made a comment that you don't agree with so you have spent 20 seconds of your life being an ass yourself.A smart ass.

    Many PM stackers take physical delivery and many on here would view ( as I do) the idea of someone lookig after your stack as completely foreign.

    As you say" best not to assume"
     
    Kawa, Aug 10, 2012
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  10. Black_Sun

    Black_Sun New Member

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    Yes Kawa, you're right, I did make a special exception in your case. If it was someone else who'd said that, I wouldn't have bothered. But I have seen your vicious little attacks against lots of SS in all manner of posts, so I already had an idea of what emotions were bubbling inside of you, when you made your comment. :)
     
    Black_Sun, Aug 10, 2012
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  11. Kawa

    Kawa New Member

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    Stalker.
     
    Kawa, Aug 10, 2012
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  12. RhythmDoctor

    RhythmDoctor Active Member

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    So... back on topic - I'm really happy these two are co-owning the vault. Makes sense for Ainslie as they've been using that facility for years anyway, and recommended them to me for storage when I started stacking in Brissy.

    Hats off to them, hopefully the scandals of the past are long gone! :D
     
    RhythmDoctor, Aug 10, 2012
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  13. Kawa

    Kawa New Member

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    So what Scandals have there been in the past RD?
     
    Kawa, Aug 10, 2012
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  14. RhythmDoctor

    RhythmDoctor Active Member

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    RhythmDoctor, Aug 10, 2012
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  15. Kawa

    Kawa New Member

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    Thanks.Just found that also,I appreciate that new owners will have a new regime however the point I posted above is in line with how MANY PM stackers feel.They tend to be independent thinkers in charge of their own future and I submit in the main would store their PM themselves away from some type of communal facility.

    Having read this article one would have to be certain that changes have occured rather than blindly take up storage on a promise it is better?

    It is obviously a sensitive issue with some.
     
    Kawa, Aug 10, 2012
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  16. Water&Food

    Water&Food New Member

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    :S
     
    Water&Food, Aug 10, 2012
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  17. havo

    havo Member Silver Stacker

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    yeee haaa
     
    havo, Aug 13, 2012
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  18. SilverSurfer77

    SilverSurfer77 Well-Known Member Silver Stacker

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    Has anyone got their PM's stored here, I was just wondering if things have changed down there in terms of security since Ainslie and Bullionmark have taken over.
     
    SilverSurfer77, Aug 26, 2012
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  19. RhythmDoctor

    RhythmDoctor Active Member

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    Theres one or two people amongst Brisbane stackers - might be worth asking around.
     
    RhythmDoctor, Aug 26, 2012
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  20. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    doomsday surprise, Sep 27, 2012
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