21 Sep J. Rotbart & Co. capitalises on Asia’s buoyant bullion market
We at J. Rotbart feel very fortunate to have been blessed with a phenomenally successful launch and booming trading volumes right from the outset of our operations earlier this year. In the five months since our “soft launch” we’ve already traded 80% of the total gold volume and 220% of the total silver volume we saw traded in 2015. In all we’ve traded over USD 100M worth of commodities, well above our most optimistic projections, and for this we are exceedingly grateful to our clients and partners around the world.
This celebratory blog post features the press release we put out last month, as the first public announcement of our operations. Read through to gain insight into who we are, what we do, and the nature of our relationships with some of our trusted partners.
Hong Kong company, Strategic Transactions Limited, trading as J. Rotbart & Co., began operating in May this year to provide bespoke bullion procurement and liquidation services to high-net-worth (HNWI) clients around the world. Within the first three months of trading, it has secured more than 50 new clients and more than 20 tons of metals have been sourced through its international network – proving that gold bullion is still considered a safe haven in the current unstable political and economic climate.
J. Rotbart & Co., which offers global transportation and storage solutions for bullion as well as bespoke solutions including assaying of metal, valuation and the authentication of rare collectibles and coins, has seen a strong demand for its services in the past three months. Gold increased almost 25% in price since January 2016, while Silver went up more than 40% over the same period.
With trust in traditional financial systems eroding fast, and geopolitical instability on the rise, more HNWI clients’ are now developing their portfolio to include tangible assets, such as gold, art and precious stones etc. Purchasing and storing these items requires market knowledge and expertise hence the need for service providers such as J. Rotbart & Co.
But the need is not just coming from Asia, more European and American HNWI are looking to Hong Kong and Singapore as the safest jurisdictions in the world to house their tangible assets, even ahead of countries such as Switzerland. In response logistics companies are quickly expanding their operations and bullion dealers are opening representative offices in the Asia-Pacific region.
J. Rotbart & Co. is headed up by Joshua Rotbart, the previous Managing Director for Malca-Amit Precious Metals (“MAPM”) in Hong Kong. With more than six years’ experience in precious metals and logistics, as well as a background in law, Joshua is highly knowledgeable in the field and is perfectly placed to service his international client from a base in Hong Kong.
While Malca-Amit does not hold any equity in the business, the two companies will work closely together to provide clients a reliable and credible solution for purchases and liquidations of precious metals while utilizing their global infrastructure.
Joshua Rotbart, Managing Partner of J. Rotbart & Co. commented, “The demand for services related to gold and other precious metals has been on the rise for six consecutive years. Considering the turbulence in the financial markets, geopolitical tensions and shifts in the financial and governmental systems, HNWI are buying precious metals and other tangible assets as a trusted way to secure their wealth and pass it to the next generation. The figures I saw in the last few years were staggering but we are still ahead of the curve.”
Joshua added, “Moving forward our vision is to provide the same level of expertise and credibility to clients who wish to invest in other tangible assets such as precious stones, unique jewelry and more. We do compete with some of the private banks and bullion dealers but there is no-one doing exactly what J. Rotbart & Co. is doing; in terms of the profile of our clients, the flexibility and bespoke nature of our service and of course our global reach.”
Nigel Paxman, CEO of Malca-Amit Group commented on the new relationship, “With the bullion market so buoyant right now and as more HNWI globally look to Asia to store their assets, we will be working alongside the J.Rotbart & Co. team in Hong Kong and Singapore to offer a logistics and storage solutions to the precious metals purchased by their clients – we see this as a mutually beneficial relationship that will allow both businesses to focus on their core competencies and help cement their position as leaders in the industry.”
At present J.Rotbart & Co. is focused on delivering quality and reliable bullion services to its existing clients but plans to expand the range of services to include more asset classes very soon.