About

Who We Are

TBS is a family business focused on real assets, real ownership, and real relationships.

Since its founding in 1998, our firm has invested close to $3 billion of capital in high yield bonds and loans, credit derivatives, distressed CDOs and MBS, and gold.

In 2011, we launched The Bullion Reserve (TBR) to manage bullion holdings held in diverse jurisdictions through a private fund structure. In 2014, TBR became our sole focus and currently serves institutions, family offices, high net-worth-individuals, and one of the largest gold mining companies.

The Bullion Source (TBS) was formed in 2022 to offer buying and selling services as well as domestic vaulting.

The TBS Advantage

We provide a personalized experience when it comes to investing in precious metals. Clients pay a fixed-rate fee over wholesale costs for our services and own their holdings outright, whether secured at home or in a commercial, non-bank vault.


It’s that simple.

  • Personal Service

    We provide consistent, high-touch service. Clients don’t rely on apps, portals, or chatbots; we are directly accessible via phone or email — good times or bad.

  • Transparency

    There is no small print or hidden fees. We are open about what we pay and what we charge.

  • Safety

    We verify authenticity, maintain chain of custody, and document provenance of bullion; these measures enhance safety and liquidity and minimize risks.

  • Competence

    We have been in the bullion business since 2011. Our relationships with top industry players enable us to source, move, vault and sell bullion within the accredited commercial supply chain.

  • Discretion

    TBS combines the discretion of private transactions and full compliance with U.S. regulations to ensure your information and investments remain secure.

Interested in owning precious metals? Learn how TBS can help.