Goldline International Inc.
Santa Monica
Business: Retail sales of precious metals, rare coins and currency
Founded: 1960 • Two-Year Growth Rate: 362%
2008 Revenue: $525 million
With gold trading at an all-time high, Chief Executive Mark Albarian sees more investors putting precious metals in their portfolios.
Secret to Success? We attribute our growth to the strong public demand for physical gold and silver, expansion of our marketing channels and expansion of our sales team. Right now, gold is trading at an all-time high price and silver is approaching a two-year high, hence the public demand.
Long-Term Strategy? We will continue to broaden our marketing channels and increase the size of our sales team. At the same time, we will continue to provide clients with market data and analysis delivered via our newsletter, Web site, and informational CDs and DVDs. We also anticipate that demand for precious metals will increase due to a falling dollar, future inflation and an increased desire for a diversified portfolio.
Growth Potential? Currently, fewer than 2 percent of individuals own gold as an asset. Goldline sees more and more investors diversifying into gold. As a result, there is no current limit on Goldline’s potential expansion.
Los Angeles Forever? Goldline is proud to be located in the Los Angeles area, which has allowed us to hire and retain our 300-plus quality employees. We anticipate remaining in the Los Angeles area for the foreseeable future.