Gerhard Schubert Joins Physical Gold Fund

GRAND CAYMAN, Cayman Islands, Aug. 07, 2018 (GLOBE NEWSWIRE) — Physical Gold Fund (PGF), a world leader in physical allocated gold is pleased to announce the appointment of Mr. Gerhard Schubert to its Advisory Board.

Mr. Gerhard Schubert’s career in the precious metals market spans forty years and includes worldwide industry experience. He served as a member of the Management Committee of the London Bullion Market Association and the London Platinum and Palladium Market. Mr. Schubert is a regular speaker on precious metals at industry conferences in the UAE, India and on Bloomberg Television. He has served on various committees of the DMCC (Dubai Multi Commodities Centre) in the DGAG (Dubai Gold Advisory Group) as well as in the Independent Governance Committee of the DMCC.

Mr. Schubert has worked in precious metals with Bremer Landesbank, DG-Bank, Shearson Lehman Brothers, DFS-Bullion, Bayerische Vereinsbank and Credit Lyonnais Rouse. He served as Head of Precious Metals London & New York for INTL Commodities and as Deputy Head of Base and Precious Metals with Fortis Bank Belgium. Mr. Schubert was the head of Gold and Commodities at Arab Banking Corporation (ABC Bank) in Bahrain where he led the bank’s global mandate for Emirates NBD in Dubai and served as Global Head of Precious Metals for Fortis Nederland, now ABN AMRO Nederland.

“Physical Gold Fund ticks all the right boxes for a hassle-free, Shariah compliant and competitive investment opportunity into gold as an asset class. Gold should be a part of any portfolio as it is negative correlated to nearly all other asset classes. This makes it a perfect diversification tool for any portfolio,” said Gerhard Schubert. “I am delighted to work with PGF as the structure of the Fund and the specific investment details are speaking for themselves.”

Philip Judge, Chief Executive Officer of Physical Gold Fund stated, “Physical Gold Fund offers an exceptional solution to investors seeking a regulated product that employs the best practices of private allocated custody in gold ownership developed over decades of operational experience. PGF makes investing in physical allocated gold simple by providing a one-stop solution for acquisition, governance, custody, security, insurance, and liquidation of physical gold in an approved regulated structure.” He adds, “We are thrilled to have Gerry join our Advisory Board because he brings to the team decades of gold industry and bullion banking experience along with a vast network of strategic relationships and contacts, particularly from Europe and the Middle East.”

ABOUT PHYSICAL GOLD FUND SP

Physical Gold Fund SP is a global leader in physical allocated gold. It is a Segregated Portfolio Fund of the Physical Hard Assets Fund SPC. The Fund is regulated by CIMA, is registered with the FCA and is Shariah compliant certified by Amanie Advisors LLC. PGF is a transparent, open-ended, segregated portfolio fund that invests in unencumbered, fully-allocated physical gold in the form of “Good Delivery” gold bars meeting accepted global standards. Liquidity protocols unique to the industry have been put in place providing greater liquidity options compared to other funds in the market. Shares of the Fund are redeemable for gold and all physical gold is insured to its full market value.

For additional information:  http://physicalgoldfund.com

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Nothing in this communication should be construed as investment advice or an investment recommendation. This communication has not been approved by any authority for any purpose.

Physical Gold Fund SP Announces Shariah Standard on Gold Compliance

DUBAI, United Arab Emirates, July 31, 2018 (GLOBE NEWSWIRE) — Physical Gold Fund SP (PGF), a world leader in physical allocated gold, is pleased to announce that Physical Gold Fund SP has been endorsed as Shariah-compliant by Amanie Advisors. Amanie Advisors issued the fatwa in accordance with the Shariah Standard on Gold set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and developed in cooperation with the World Gold Council.

Physical Gold Fund SP offers an exceptional solution to investors seeking a regulated product that employs the best practices of private allocated custody in gold ownership developed over decades of operational experience. PGF takes the hassle out of physical gold allocation by providing a one-stop solution for acquisition, governance, custody, security, insurance, and liquidation of physical gold in an approved regulated structure.

“We are pleased to work with Physical Gold Fund and provide our qualified assurance that it meets the highest level of Shariah requirements in line with AAOIFI Standards,” said Maya Marissa Malek, Managing Director of Amanie Advisors LLC, Dubai. “Physical gold is still a new asset class for Islamic finance and we hope this offering will help to grow and diversify the industry. Gold is certainly a unique asset class with distinct hedging features not found in traditional asset classes such as Sukuk.”

“Meeting compliance with the Shariah Standard on Gold is something we are very proud of,” said Alex Stanczyk, Managing Director of Physical Gold Fund SP. “This fund is unique, and there is nothing like it in the MENA region right now. Physical allocated gold is a perfect fit for the values expected here. We are excited to make this available to Islamic investors.”

About Physical Hard Assets Fund SPC

Physical Hard Assets Fund SPC is a Segregated Portfolio Company domiciled in Cayman Islands and regulated by the Cayman Islands Monetary Authority (CIMA).

About Physical Gold Fund SP

Physical Gold Fund SP is a global leader in physical allocated gold. It is a Segregated Portfolio Fund of the Physical Hard Assets Fund SPC. The fund is regulated by CIMA, is registered with the FCA, and is Shariah-compliant certified by Amanie. PGF is a transparent, open‐ended segregated portfolio fund that invests in unencumbered, fully-allocated physical gold in the form of “Good Delivery” gold bars meeting accepted global standards. Industry unique liquidity protocols have been put in place providing greater liquidity options compared to other funds in the market. Shares of the Fund are redeemable for gold, and all physical gold is insured to its full market value.

About Amanie Advisors

Amanie Advisors is a leading Shariah advisory firm specializing in Islamic finance solutions covering a wide range of services including Shariah advisory and consultancy, training, and research and development for institutional and corporate clientele focusing on Islamic financial services.

For additional information:  http://physicalgoldfund.com

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Nothing in this communication should be construed as investment advice or an investment recommendation. This communication has not been approved by any authority for any purpose.

Physical Gold Fund Appoints New Chief Executive Officer

GRAND CAYMANMay 18, 2018 /PRNewswire/ — Physical Hard Assets Fund SPC announced today the appointment of Philip Judge as the new Chief Executive Officer of Physical Hard Assets Fund SPC and Physical Gold Fund SP.

Philip Judge also serves as Managing Director of Vigilant Capital, the Fund’s Sponsor. Mr. Judge has worked closely with the Fund’s management team since its inception particularly with structuring, planning, and launch.

Mr. Judge brings 30 years of expertise involving the acquisition, custody, management, and logistics in the precious metals industry to Physical Gold Fund’s executive team. Having done business in multiple jurisdictions including AustraliaNew ZealandSwitzerlandDubaiUSALuxembourgCayman IslandsUruguay, and Panama, his international experience brings a dense web of long-standing industry connections to the fund. He has extensive experience in international business law, regulation, multi-jurisdictional business architecture, corporate structuring, and banking.

“Since 2001, the business environment has changed rapidly and dramatically around the globe but never more than in international business regulation, structuring, investment, compliance, and banking.” Philip argues, “Far too many international institutions and investors have been on the back foot and reactionary to massive changes facing international business and investment over the last decade. It is with this in mind, and the impact on gold investors, that we have structured this world-leading Fund.”

“We are excited to have Philip step into the role of CEO for Physical Gold Fund,” says Alex Stanczyk, Managing Director. “His deep well of expertise and relationships in the industry are incredibly rare and allows our Fund access to connections in the industry that are unrivaled. In addition, his many years of international business experience provide a perspective into international business structuring that has been instrumental in developing a governance, jurisdictional, and risk mitigation stack unique in the industry. It enhances our ability to manage risk during a liquidity crisis, which is arguably the most important role for a physical gold position.”

About Physical Hard Assets Fund SPC

Physical Hard Assets Fund SPC is a Segregated Portfolio Company domiciled in Cayman Islands and regulated by the Cayman Islands Monetary Authority (CIMA).

About Physical Gold Fund SP

Physical Gold Fund SP (PGF) is a Segregated Portfolio Fund of the Physical Hard Assets Fund SPC. The fund is listed on the Cayman Islands Stock Exchange, Fundsettle, is regulated by CIMA, and is shariah compliant certified. PGF is a transparent, open‐ended segregated portfolio fund that invests in unencumbered, fully-allocated physical gold in the form of “Good Delivery” gold bars meeting accepted global standards. Industry leading liquidity protocols have been put in place providing greater liquidity options compared to other funds in the market. Shares of the Fund are redeemable for gold, and all physical gold is insured to its full market value.

For additional information: www.physicalgoldfund.com

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall thereby any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Nothing in this communication should be construed as investment advice or an investment recommendation. This communication has not been approved by any authority for any purpose.

Physical Gold Fund SP has registered with the FCA

LONDON, May 23, 2016 /PRNewswire/ Physical Gold Fund SP (PGF) has registered with the FCA within the United Kingdom. PGF is now permitted to market within the United Kingdom through the National Private Placement Regime.

“This opens the door for UK institutions and citizens to own gold in what we believe to be the most secure and safe way possible,” says PGF Managing Director Alex Stanczyk, “The constant feedback that we receive from investors is that people have had enough of being taken advantage of by financial institutions that do not have their best interests at heart, and are looking for something real to preserve their hard earned savings.  We have taken a good look at what is available in this space, and have designed PGF from the ground up to avoid risks other gold products have by vaulting outside the banking system with the world’s top security logistics firms, clearing trades directly with refineries instead of banks, and by developing unique protocols to mitigate political risk. I am confident that this Fund is the most robust, secure, and thoughtfully constructed physical gold fund in the world today.”

About Physical Hard Assets Fund SPC

Physical Hard Assets Fund SPC is a Segregated Portfolio Company domiciled in Cayman Islands and regulated by the Cayman Islands Monetary Authority (CIMA).

About Physical Gold Fund SP

Physical Gold Fund SP is a Segregated Portfolio Fund of the Physical Hard Assets Fund SPC, listed on the Cayman Islands Stock Exchange, and regulated by CIMA. PGF is a transparent, open‐ended fund that invests in unencumbered, fully-allocated physical gold in the form of “Good Delivery” gold bars meeting accepted global standards. Shares of the Fund are redeemable for gold, and all physical gold is insured to its full market value.

For additional information: www.physicalgoldfund.com

Source: Physical Hard Assets Fund SPC, Physical Gold Fund SP (FRN: 739437, Umbrella FRN 739438, PRN’s: 739439, 7439440 and 739441).

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall thereby any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Nothing in this communication should be construed as investment advice, an investment recommendation, or a solicitation to invest. This communication has not been approved by any authority for any purpose. This news release contains certain forward looking statements that are based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

 

Alex Stanczyk appointed Managing Director of Physical Hard Assets Fund SPC and Physical Gold Fund SP

Alex Stanczyk appointed Managing Director of Physical Hard Assets Fund SPC and Physical Gold Fund SP

Grand Cayman – (PRNEWSWIRE, September 1, 2015) – Alex Stanczyk has been appointed to serve as Managing Director of Physical Hard Assets Fund SPC and Physical Gold Fund SP.

As one of several principle architects of Physical Gold Fund SP, Mr. Stanczyk has been involved in core aspects of the Fund design and structuring as well as coordinating strategic relationships required to launch the Fund. In 2011, Mr. Stanczyk played a key role as a designer and advisor of the world’s first non-bank private custody, fully SICAV-compliant, precious metals fund – the Luxembourg Precious Metals Fund – LFP Prime SICAV SIF. From 2007 through 2015, Mr. Stanczyk served in a range of capacities for the Anglo Far-East Group of companies where he specialized in physical precious metals logistics consulting for the group’s global operations. He also developed and implemented flagship programs such as Chain of Integrity, Private Allocated Custody, and Institutional Allocated Custody. He has consulted and lectured globally to and for family office, institutional, and government on gold and gold’s role in the international monetary system.

“We are thrilled to have Mr. Stanczyk come on board with us as a Managing Director,” says Nestor Castillero who also manages the Physical Gold Fund SP. “His energy, expertise, and track record in the physical precious metals industry is well known, and his passion for operating in the interest of investors has been instrumental in product development for anything he is involved with.”

“I am excited to build further upon Physical Gold Fund SP’s already world-class platform,” says Alex Stanczyk. “We have taken a hard look at what is available in this space, and I am confident that this Fund is the most robust, secure, and thoughtfully constructed physical gold fund in the world today.”

About Physical Hard Assets Fund SPC

Physical Hard Assets Fund SPC is a Segregated Portfolio Company domiciled in Cayman Islands and regulated by the Cayman Islands Monetary Authority (CIMA).

About Physical Gold Fund SP

Physical Gold Fund SP is a Segregated Portfolio Fund of the Physical Hard Assets Fund SPC. Listed on Pershing platform, the Cayman Islands Stock Exchange, and regulated by CIMA, the Fund is a transparent, open‐ended fund that invests in unencumbered, fully-allocated physical gold in the form of “Good Delivery” gold bars meeting accepted global standards. Shares of the Fund are redeemable for gold, and all physical gold is insured to its full market value.

For additional information: www.physicalgoldfund.com

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall thereby any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Nothing in this communication should be construed as investment advice or an investment recommendation. This communication has not been approved by any authority for any purpose.

Source: Physical Hard Assets Fund SPC

 

James Rickards Joins Physical Gold Fund SP as Advisor

James Rickards Joins Physical Gold Fund SP as Advisor

New York, Apr. 1, 2013 /PRNewswire/ – James Rickards, has been appointed to serve as an advisor to the Physical Gold Fund SP.

James Rickards is an investment banker and investment advisor based in New York, and the author of the best-selling book, Currency Wars: The Making of the Next Global Crisis.

Mr. Rickards has held senior positions at Citibank, Long-Term Capital Management and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an advisor on capital markets to the Director of National Intelligence and the Office of the Secretary of Defense.

Mr. Rickards will provide expertise to the fund in the areas of global political and macroeconomic issues, currency valuations, monetary policy and other subjects which may affect the gold markets.

“We are very excited to have Mr. Rickards join our Advisory Committee,” says Nestor Castillero, a Director for the Physical Gold Fund SP. “His expertise and track record in regards to major trends which may impact gold are outstanding, and we look forward to his counsel”.

“I am pleased to be able to advise for this fund”, says James Rickards. “I have long been an advocate of physical gold due to its wealth preservation properties. This fund has unique attributes for a physical gold fund, which may make it an attractive and robust tool that institutions can use to obtain a position in physical gold”.

About Physical Hard Assets Fund SPC

Physical Hard Assets Fund SPC is Segregated Portfolio Company domiciled in Cayman Islands, regulated by the Cayman Islands Monetary Authority (CIMA).

About Physical Gold Fund SP

Physical Gold Fund SP is a Segregated Portfolio Fund of the Physical hard Assets Fund SPC. Listed on Pershing platform, the CSX and regulated by CIMA, the fund is a, transparent, open‐ended fund, which invests in unencumbered fully allocated physical gold in the form of “Good Delivery” gold bars. Shares of the fund are redeemable for gold, and all physical gold is insured to its full market value.

For additional information: www.physicalgoldfund.com

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall thereby any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Nothing in this communication should be construed as investment advice or an investment recommendation. This communication has not been approved by any authority for any purpose.

Source: Physical Hard Assets Fund SPC

 

Physical Hard Assets Fund SPC (PHAF) is pleased to announce the approval of its new Physical Gold Fund SP

New Cayman Regulated Physical Gold Fund

Grand Cayman, January 7th, 2013 /PRNEWSWIRE/ – Physical Hard Assets Fund SPC (PHAF) is pleased to announce the approval of its new Physical Gold Fund SP.

The Fund was registered with the Cayman Island Monetary Authority (CIMA) on October 17th 2012, and is available to sophisticated and institutional investors only. The Fund has been approved for listing on the Cayman Stock Exchange (CSX).

The Physical Gold Fund SP is designed to provide investors with a liquid, convenient and economical way to own shares in a regulated fund that is fully backed by physical allocated gold, independent of banks, with shares that are redeemable to the underlying physical gold through the Precious Metals Agent.

“We are very pleased to launch this fund, as there are investors who are concerned about gold vaulting arrangements with banks,” says Nestor Castillero, Director of Physical Hard Assets Fund SPC. “They want to be confident not only that the physical gold is accounted for, but that it is safe from systemic risks and that they can redeem shares for the gold itself. Physical Gold Fund SP is the first of its kind in the marketplace, and is competitive with much larger funds which may offer less robust defenses against systemic risk.”

Trident Fund Services is the fund administrator, Solomon Harris acts as Legal Counsel, Las Bovedas Company (Cayman) Limited is the Investment Advisor, AFE Custodial Company (AFECC) is the Precious Metals Agent, and Grant Thornton and Ernst and Young are the auditors.

Shares in the Fund are offered on the basis of an Offering Memorandum and Supplemental Offering Memorandum approved by the Cayman Stock Exchange (CSX) and filed with Cayman Islands Monetary Authority (CIMA), and the Memorandum and Articles of Association of PHAF.

About Physical Hard Assets Fund SPC

Physical Hard Assets Fund SPC is Segregated Portfolio Company domiciled in Cayman Islands, regulated by the Cayman Islands Monetary Authority (CIMA). For additional information: www.physicalgoldfund.com

 

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall thereby any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Nothing in this communication should be construed as investment advice or an investment recommendation. This communication has not been approved by any authority for any purpose.

 

For more information:
info@physicalgoldfund.com
www.physicalgoldfund.com

 

Get our most recent content, podcasts and updates sent directly to your inbox: