Lannister Knight opens Dubai office
Dubai, February 9, 2014
Lannister Knight, a specialist trader of physical precious metals and a consultant to oil and gas investors, has launched in the Middle East with the opening of its Dubai office.
The company offers products and expertise to clients, allowing them to invest, trade and store their metals, rather than them entrusting them to the the bank with their capital.
Investors either take physical delivery of their precious metals or have the option of an unallocated investment with high liquidity and no insurance or storage costs.
David Ramsey, CEO, said: “In an age of increasing economic uncertainty, our clients are always looking for safe havens and when all else looks bleak, the outlook is bright for precious metals. But, in the past few months, there has been another clear winner on returns and that is shale oil. With global oil resources dwindling and the race to find alternative energy sources being run at full speed ahead, the new global shale oil discoveries are attracting much interest due the rewarding returns.”
Matthew Marney, sales and trading director, said: “Though in most parts of the world drilled oil belongs to the government, in the US, oil drilled on a plot of land belongs to the land owners themselves. Lannister Knight has begun offering Middle Eastern clients the opportunity to invest in new-found Kentucky-based oil wells, offering lucrative returns on shale oil and gas around 24 per cent per annum.
“Some are playing down the significance of the shale oil boom, saying it is a temporary bubble but this has the potential to significantly change the global energy outlook and go some way to catering for the ever increasing global oil consumption and balance oil prices during periods of political unrest in Opec countries” - TradeArabia News Service