Precious Metals International

What Precious Metals International does

Precious Metals International, Ltd. (PMI) is a privately held, wholesale provider of physical precious metals bullion, incorporated in the Cayman Islands since 2001. The firm supplies gold, silver, platinum, and palladium bars and coins sourced from hallmark refineries (Valcambi Suisse, Argor-Heraeus SA) that are exchange-approved for worldwide trading, and operates alongside a Bulk Bullion custody service allowing 1-ounce-increment trading at wholesale prices. Distribution is exclusively via a global network of Independent Metals Broker-Dealers; the company does not sell directly to the public, with access points in the US, Canada, Switzerland, Australia, Singapore, China, and the Cayman Islands.

PMI monetises the physical metals book through wholesale premiums on bars and coins and through recurring fee streams tied to its retirement and storage products: a 1.5% per annum monthly storage fee on RRSP holdings, 3% purchase and 1% sale take rates on US Precious Metals IRAs, and pass-through transaction fees from third-party custodians (Questrade, Equity Institutional, New Direction IRA). Offshore custody is delivered through five depository partners (Brinks, IDS, Strategic Wealth Preservation, Loomis, Malca-Amit) providing allocated, segregated, and insured storage in Switzerland, Singapore, Hong Kong, and the Cayman Islands.

Customer acquisition runs through the company's website (pmi.ky), an editorial blog (blog.pmi.ky) publishing weekly market commentary, and direct contact by phone and email that routes prospects to broker-dealers. The 2019 Netcoins integration added cryptocurrency as a payment rail via an OTC desk, enabling end clients to convert digital assets into physical gold or silver. The firm reports 11–50 employees and discloses no financial statements, funding rounds, or ownership structure beyond independent private ownership since founding.

Name

Precious Metals International

Legal name

Precious Metals International, Ltd.

Website

https://pmi.ky

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Precious Metals International is a Cayman Islands-based wholesale provider of physical gold, silver, platinum, and palladium bullion, distributing exclusively through independent broker-dealers and offering IRA, RRSP, offshore storage, and cryptocurrency-funded purchase services to global individual investors.

Ownership category

akta.pro rank

Product category

Precious Metals Wholesale Trading and Storage

NAICS

Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers (42394)

SIC

Wholesale-Jewelry, Watches, Precious Stones & Metals (5094)

akta.pro primary industry

Precious Metals Bullion & Concentrates Trading (Gold, Silver, PGM) (IMAKAJAD)

akta.pro secondary industry

Precious Metals Trading, Marketing & Distribution (IMAKAEAH)

Keywords

• Physical bullion trading
• Precious metals wholesale
• Offshore gold storage
• Precious metals IRA
• Bullion custody services

Headquarters

HQ city

George Town

HQ country

Cayman Islands

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Physical Bullion Sales: PMI generates revenue through the sale of physical precious metals bullion products (gold, silver, platinum, palladium) at wholesale prices. The company charges premiums on spot prices for fabricated products including bars and coins from Hallmark refineries.
2. Storage Fees: PMI charges storage fees for clients who store their precious metals at PMI's network of depositories. For RRSP accounts, storage fee is 1.5% per annum charged monthly, calculated based on gold and silver holdings.
3. IRA Account Fees: For US Precious Metals IRA accounts, PMI charges fees of 3% on all purchases and 1% on all product sold from the IRA to PMI. Additionally, when introduced by a third-party Broker Dealer, PMI's invoices reflect the Broker Dealer's fees.
4. Custodian Transaction Fees: Third-party custodians (Questrade for RRSP, Equity Institutional for IRA) charge transaction fees. Questrade charges the greater of $19.95 or 0.15% of the value of every purchase or sale of Precious Metals.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Precious Metals International (PMI) is a wholesale provider of physical precious metals bullion, including gold, silver, platinum, and palladium bars and coins sourced from Hallmark refineries such as Valcambi Suisse and Argor-Heraeus SA. The company sells exclusively through a network of Independent Metals Broker-Dealers and offers supplementary services including a Bulk Bullion custody service, global offshore storage at insured depositories, self-directed retirement accounts (US IRA via Equity Institutional, Canadian RRSP via Questrade, Offshore IRA via New Direction IRA / Strategic Wealth Preservation), and cryptocurrency payment acceptance via Netcoins.

Product overview

Precious Metals International (PMI) is a wholesale provider of physical precious metals bullion products including Gold, Silver, Platinum, and Palladium. The core offering consists of physical bullion bars and coins from Hallmark refineries, exchange-approved for worldwide trading. PMI operates alongside a Bulk Bullion custody service for non-allocated holdings traded in 1-ounce increments. The company supplements its core metals products with retirement account services (Precious Metals IRA for US clients, RRSP for Canadian clients, and Offshore IRA for Cayman-based storage), cryptocurrency payment integration via Netcoins, and global offshore storage through partnered depositories including Brinks, IDS, Strategic Wealth Preservation, Loomis, and Malca-Amit. All products are available for immediate delivery or secure storage at independent depositories.

Differentiator

Problem solved

Functional benefit

Products and services

• Physical Gold Bullion Physical gold bullion products (bars and coins) from Hallmark refineries, exchange-approved for trading in all worldwide markets. Sold wholesale through independent broker-dealers; available for immediate delivery or offshore storage at partner depositories.
• Physical Silver Bullion Physical silver bullion products (bars and coins) from Hallmark refineries, exchange-approved for trading in all worldwide markets. Sold wholesale through independent broker-dealers; available for immediate delivery or offshore storage.
• Physical Platinum Bullion Physical platinum bullion products (bars and coins) from Hallmark refineries, exchange-approved for trading in all worldwide markets. Sold wholesale through independent broker-dealers.
• Physical Palladium Bullion Physical palladium bullion products (bars and coins) from Hallmark refineries, exchange-approved for trading in all worldwide markets. Sold wholesale through independent broker-dealers.
• Bulk Bullion Custody Service Non-allocated bullion holdings service where customer holdings can be traded in 1-ounce increments. Upon payment of applicable premiums, shipping and handling fees, customers can convert Bulk Bullion holdings to allocated specific types of bars or coins. Not available to US clients.
• Precious Metals IRA Self-directed Individual Retirement Account for US Citizens and Legal Residents, administered through Equity Institutional. Allows ownership and storage of IRS-approved Precious Metals Bullion and Coin Products, with PMI serving as Designated Representative.
• Precious Metals RRSP Self-directed Registered Retirement Savings Plan for Canadian Citizens and Legal Residents, administered through Questrade. Enables retirement savings through physical precious metals, with a 1.5% per annum storage fee charged monthly.
• Precious Metals Offshore IRA Self-directed IRA with offshore storage in the Cayman Islands through Strategic Wealth Preservation (SWP), in partnership with New Direction IRA Inc. Allows US-funded IRA assets to be stored offshore in a Class 3UL rated facility with full self-directed IRA benefits plus offshore jurisdiction advantages.
• Cryptocurrency Payment Service Allows clients to purchase physical Gold and Silver using cryptocurrency through Netcoins' OTC desk. Orders clear within one business day with immediate delivery options or PMI account storage.
• Global Offshore Storage Storage and diversification service at independent, insured, allocated and secure depositories worldwide through partners Brinks, IDS, Strategic Wealth Preservation, Loomis, and Malca-Amit. Products can be stored in Switzerland, Singapore, Hong Kong, and the Cayman Islands.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Eleven partnerships are on record, tiered core and supporting.

• NetcoinscoreTechnology or Integration · 5 June 2019PMI announced partnership with Netcoins to enable cryptocurrency payments for physical precious metals purchases. Netcoins develops software used by companies like PMI to facilitate buying and selling of cryptocurrency, and operates an Over-the-Counter (OTC) trading desk providing access to high volume trades. Clients can now exchange cryptocurrency for physical Gold and Silver for immediate delivery or storage in PMI accounts.
• New Direction IRA InccoreImplementation/ SI/ Consulting PartnerNew Direction IRA Inc is America's leading self-directed IRA administrator, partnering with PMI to provide customers the ability to establish an IRA account in the United States while having it stored offshore in the Cayman Islands with Strategic Wealth Preservation (SWP).
• Strategic Wealth Preservation (SWP)coreOthersStrategic Wealth Preservation (SWP) is a fully integrated and approved offshore IRA depository and purpose-built precious metals storage facility located in the Cayman Islands. SWP provides American investors the ability to store their IRA Precious Metals in a state-of-the-art Class 3UL rated facility. SWP is an independently owned and privately operated facility offering 100% allocated, segregated, and insured storage in an offshore investor-friendly jurisdiction.
• Equity InstitutionalcoreImplementation/ SI/ Consulting PartnerEquity Institutional is one of the largest independent self-directed retirement custodians in the United States that administers Accounts for Individuals and Businesses in all 50 States. PMI provides documentation required to establish Precious Metals IRA accounts with Equity Institutional.
• QuestradecoreImplementation/ SI/ Consulting PartnerQuestrade is one of the largest independent self-directed retirement custodians in Canada that administers Accounts for Individuals and Businesses throughout the many Provinces in Canada. PMI provides documentation required to establish Precious Metals RRSP accounts with Questrade for Canadian Citizens and Legal Residents.
• BrinkssupportingOthersOne of the world's most respected valuables assurance companies with storage contracts for client precious metals.
• IDSsupportingOthersStorage partner for client precious metals through PMI's storage network.
• LoomissupportingOthersStorage partner for client precious metals through PMI's storage network.
• Malca-AmitsupportingOthersStorage partner for client precious metals through PMI's storage network.
• Valcambi SuissesupportingOthersSwiss refinery partner producing gold bars. Valcambi Suisse bars are fabricated with the logo of their maker and numbered with an individual serial number for easy verification of weight, purity and authenticity.
• Argor-Heraeus SAsupportingOthersSwiss refinery partner with more than 66 years of history, one of the world's largest processors of precious metals. Produces 1 kilo (32.15 oz) .999 fine silver bars, available for purchase and storage in certified vaults in Singapore and Hong Kong.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• GoldSilver (by Mike Maloney): GoldSilver is a precious-metals dealer founded by economist Mike Maloney, offering gold and silver bullion for retail investors including storage options. Comparable to PMI on retail precious-metals distribution, content-led customer acquisition, and stored-bullion economics, though it operates direct-to-consumer rather than wholesale.
• JM Bullion: JM Bullion is a leading US-based online precious metals dealer offering gold, silver, platinum, and palladium bullion and IRA-eligible products. Highly comparable to PMI on product range and individual-investor focus, though JM Bullion is a direct-to-consumer platform rather than a wholesale broker-dealer intermediary.
• Provident Metals: Provident Metals is a US-based online retailer of gold, silver, copper, platinum, and palladium bullion with IRA-eligible product offerings and competitive premium pricing. Comparable to PMI on multi-metal retail breadth and IRA-focused product, with overlapping end-customer targeting.
• BullionVault: BullionVault is the world's largest online bullion investment platform, allowing users to buy, sell, and store allocated physical gold, silver, and platinum in vaults worldwide. BullionVault is the closest structural analogue to PMI's Bulk Bullion 1-oz increment trading and global allocated-storage model, making it a directly comparable competitor for the trading-and-storage segment.
• SD Bullion: SD Bullion is a US-based online precious metals dealer selling gold, silver, platinum, palladium bars and coins with IRA-eligible product support. Comparable to PMI on multi-metal retail and IRA customer targeting, though operating on a direct-to-consumer basis rather than through PMI's wholesale broker-dealer network.
• APMEX: APMEX is one of the largest US online retailers of physical gold, silver, platinum, and palladium bullion products. It is the most directly comparable competitor to PMI in terms of product breadth, target investor base, and multi-metal offering, though it operates a direct-to-consumer model rather than PMI's broker-dealer channel.
• Kitco: Kitco is a major global precious metals retailer, refiner, and information platform offering spot pricing, bullion sales, and precious-metals-backed pools. Comparable to PMI on multi-metal retail, storage, and the IRA/retirement wrapper side of the business, and one of the few global scale players with which PMI directly competes on cross-border distribution.
• Lear Capital: Lear Capital is a US precious metals firm specializing in gold, silver, platinum, and palladium coins and bars, with a strong focus on IRA-eligible precious metals investments. Directly comparable to PMI on the IRA and retirement-wrapper side of the business, targeting the same American self-directed retirement demographic.

Broad incumbents

• Monex Precious Metals: Monex is a long-established US precious metals dealer and trading platform offering gold, silver, and platinum coins and bars with online and broker-supported purchase channels. Comparable to PMI as a broad incumbent in the same physical-metals retail category, with a longer institutional track record but overlapping IRA-eligible product focus.

Others

• Strategic Wealth Preservation (SWP): SWP is a Cayman Islands-based approved offshore precious-metals IRA depository operating a Class 3UL-rated facility offering allocated, segregated, and insured storage. SWP is listed by PMI as a core depository partner and is comparable as an enabling service provider in the precious-metals custody stack, rather than a competing dealer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/pmi_ky

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Precious Metals International