Latest news with #BullionVault
Yahoo
16-05-2025
- Business
- Yahoo
British gold bullion millionaire killed in Spanish motorcycle crash
A British gold bullion millionaire has died in a motorcycle accident in Spain. Paul Gerard Tustain, 62, veered onto the wrong side of the road and collided head-on with a van near Pamplona while en route to Logrono. He died at the scene. His daughter, who was travelling on another motorbike behind him, was understood to be accompanying him on a tour of Spain. Mr Tustain, who was born in Hartford, Cambridgeshire, was the founder and chairman of BullionVault, an online bullion investment service. Before his gold venture, he founded Sam Systems, which specialised in mid- and back-office functions for the banking and stockbroking sectors. The BMW rented motorbike he was on collided with a van on Thursday around 1.30pm local time on the NA-1110 road running beside the A-12 motorway, in a municipality called Iguzquiza, a 35-minute drive from Pamplona. A spokesman for the police force for Navarra, the region where the accident happened, said: 'The dead man's daughter saw he had strayed onto the wrong side of the road and tried to alert him with hand signals but it was too late. 'He smashed head-on into a van that couldn't do anything to avoid the collision. 'A post-mortem will show whether he might have suffered a health problem that could have caused him to go onto the wrong side of the road. 'Otherwise, it's likely to have been a fatal distraction.' Emergency services received a call around 1.40pm on Thursday. They sent ambulances and a helicopter to the scene, as well as police and firefighters, but there was nothing they could do to save Mr Tustain's life. Pictures from the crash scene showed the white van with its front end crumpled. A spokesman for local firefighters said: 'We were called about a head-on collision between a motorbike and a van on the NA-1110. 'The man on the motorbike died and the occupants of the van were unharmed.' A police investigation into the accident is under way. Mr Tustain moved into gold bullion after seeing Gordon Brown selling Britain's gold reserves in 2001. He was quoted in The Times in 2016 as saying: 'The fool was selling gold every two weeks, they were selling so much that they destroyed the price. 'I eventually bought three of the gold bars; the big chunky ones that James Bond tosses around. It was probably the best purchase I ever made.' He invested £275,000 rustled up from 30 family members and angel investors to establish BullionVault, a peer-to-peer site that allowed investors to buy small stakes in gold bars. A decade later, it looked after gold worth than £1.3 billion – equivalent to about 11 per cent of the Treasury's reserves, with a pre-tax profit of nearly £4 million. A BullionVault employee said: 'We are in shock at Paul's very sudden death. We will be releasing a statement in due course but at the moment we are still grieving. Our thoughts are very much with Paul's family.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Telegraph
16-05-2025
- Business
- Telegraph
British gold bullion millionaire killed in Spanish motorcycle crash
A British gold bullion millionaire has died in a motorcycle accident in Spain. Paul Gerard Tustain, 62, veered onto the wrong side of the road and collided head-on with a van near Pamplona while en route to Logrono. He died at the scene. His daughter, who was travelling on another motorbike behind him, was understood to be accompanying him on a tour of Spain. Mr Tustain, who was born in Hartford, Cambridgeshire, was the founder and chairman of BullionVault, an online bullion investment service. Before his gold venture, he founded Sam Systems, which specialised in mid- and back-office functions for the banking and stockbroking sectors. The BMW rented motorbike he was on collided with a van on Thursday around 1.30pm local time on the NA-1110 road running beside the A-12 motorway, in a municipality called Iguzquiza, a 35-minute drive from Pamplona. A spokesman for the police force for Navarra, the region where the accident happened, said: 'The dead man's daughter saw he had strayed onto the wrong side of the road and tried to alert him with hand signals but it was too late. 'He smashed head-on into a van that couldn't do anything to avoid the collision. 'A post-mortem will show whether he might have suffered a health problem that could have caused him to go onto the wrong side of the road. 'Otherwise, it's likely to have been a fatal distraction.' Emergency services received a call around 1.40pm on Thursday. They sent ambulances and a helicopter to the scene, as well as police and firefighters, but there was nothing they could do to save Mr Tustain's life. Pictures from the crash scene showed the white van with its front end crumpled. A spokesman for local firefighters said: 'We were called about a head-on collision between a motorbike and a van on the NA-1110. 'The man on the motorbike died and the occupants of the van were unharmed.' A police investigation into the accident is under way. 'Best purchase I ever made' Mr Tustain moved into gold bullion after seeing Gordon Brown selling Britain's gold reserves in 2001. He was quoted in The Times in 2016 as saying: 'The fool was selling gold every two weeks, they were selling so much that they destroyed the price. 'I eventually bought three of the gold bars; the big chunky ones that James Bond tosses around. It was probably the best purchase I ever made.' He invested £275,000 rustled up from 30 family members and angel investors to establish BullionVault, a peer-to-peer site that allowed investors to buy small stakes in gold bars. A decade later, it looked after gold worth than £1.3 billion – equivalent to about 11 per cent of the Treasury's reserves, with a pre-tax profit of nearly £4 million. A BullionVault employee said: 'We are in shock at Paul's very sudden death. We will be releasing a statement in due course but at the moment we are still grieving. Our thoughts are very much with Paul's family.'
Metro
16-05-2025
- Metro
British boy, eight, seriously hurt after 'running through glass' on holiday
A British child is seriously injured after running into a glass window pane at a Magaluf hotel. The eight-year-old had a 'freak accident' midday, suffering deep cuts, and had to be transferred to the hospital for an emergency operation. The youngster was with his parents at the time. Local reports said he had hurt himself after starting to run along a corridor and smashing into the glass at the unnamed hotel. The operation is understood to have taken place at Son Espases Hospital in the Majorcan capital, Palma. Police were called to the scene and have launched an investigation into the incident. Earlier this week, a British motorcyclist who died after slamming head-on in a van in Spain was identified as London-based millionaire Paul Gerard Tustain. The 62-year-old was riding along the NA-1110 – a road that runs parallel to the A-12 motorway – when his bike collided directly with the front of a white van. His daughter was riding behind him when the crash happened, as the two are understood to have been doing a tour in Spain. She watched her father's bike crash into the van before being hurled across the tarmac. More Trending The impact was so violent it crushed the front of the vehicle, leaving debris strewn along the roadside, about 35 minutes from Pamplona, famous for the running of the bulls. Paul and his daughter were heading for the town of Logrono when the crash occurred. Tributes have been paid to Paul, who was the founder and chair of Bullion Vault, the world's largest online bullion investment service. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Ryanair told to refund passenger £124 after court rules hand luggage is essential MORE: 'What more could you want?' Your favourite European beaches that aren't full of tourists MORE: 'Destination dupes' are more popular than ever – these are the best for 2025
Scottish Sun
16-05-2025
- Scottish Sun
Millionaire Brit gold trader dies in horror crash in front of daughter after motorbike slams head-on into van in Spain
Police think a medical episode could have caused the crash HOLIDAY TRAGEDY Millionaire Brit gold trader dies in horror crash in front of daughter after motorbike slams head-on into van in Spain A BRIT millionaire gold trader has died in front of his daughter in a horror head-on crash with a van during a motorbike holiday in Spain. Paul Gerard Tustain, 62, was killed on a road near the northern Spanish town of Pamplona when his bike strayed onto the wrong side of the road. 6 Paul Tustain, 62, was killed when his motorbike smashed into a van during a tour of Spain Credit: Solarpix 6 The front of the van was severely crumpled by the crash Credit: Solarpix 6 Tustain's bike had strayed onto the wrong side of the road Credit: Solarpix Tustain, originally from Cambridgeshire but who lived in London, was the founder and chairman of BullionVault - the world's largest online bullion investment service. He also ran which organised bulk crowdfunding of in-barrel Scotch whisky maturation. He was riding a rented BMW motorbike and smashed head-on with a van on Thursday afternoon. His daughter was riding on another motorbike behind him, and the pair are understood to have been completing a tour of Spain. They were heading for the town of Logrono when the tragedy happened. A spokesman for local police said: 'The dead man's daughter saw he had strayed onto the wrong side of the road and tried to alert him with hand signals but it was too late. 'He smashed head-on into a van that couldn't do anything to avoid the collision. 'A post mortem will show whether he might have suffered a health problem that could have caused him to go onto the wrong side of the road. 'Otherwise it's likely to have been a fatal distraction. The force of the impact was brutal.' Emergency services got the call around 1.40pm on Thursday. Tragic Ferrari Crash: British Couple Die in Spanish Rally Horror An air ambulance rushed to the scene along with ground medics, police and firefighters - but there was nothing they could do. The tragedy struck on a stretch of the NA-1110 road between Azketa and Iratxe. Pictures from the crash scene showed the white van with its front smashed, across the road from the motorbike. A spokesman for local firefighters said: 'We were called yesterday afternoon about a front-on collision between a motorbike and a van on the NA-1110. 'The man on the motorbike died and the occupants of the van were unharmed.' 6 Investigators are considering that Tustain could have suffered a medical episode Credit: Solarpix 6 There was nothing the van driver could do to avoid the collision Credit: Solarpix 6 Tustain's daughter was riding behind him and saw the whole thing Credit: Solarpix A another emergency-services spokesperson said: 'A motorcyclist died Thursday afternoon after colliding with a van on the NA-1110 road, in the municipality of Iguzquiza 'The emergency management centre received notice of the accident at 13:38 hours on Thursday and sent firefighters to the scene along with a medical team, an advanced life support medicalised ambulance, a basic life support ambulance, a medical helicopter and police traffic patrols. 'The accident occurred when the motorcyclist collided head-on with a van at kilometer point 42.4 of the NA-1110 road. 'The emergency services mobilized could do nothing to save the life of the motorcyclist, a 62 year old man, who died at the scene. 'His body was taken to the Navarra Institute of Legal Medicine for an autopsy. A police investigation into the accident is underway.' A BullionVault employee said today: 'We are in shock at Paul's very sudden death. 'We will be releasing a statement in due course but at the moment we are still grieving. 'Our thoughts are very much with Paul's family.' Before venturing into the finance and investment sector Paul founded SAM Systems which specialised in mid and back office functions of the banking and stockbroking sectors. Tustain previously told how he got into bullion after seeing Gordon Brown selling Britain's gold reserves in 2001. He was quoted in the Times in 2016 as saying: 'The fool was selling gold every two weeks, they were selling so much that they destroyed the price. 'I eventually bought three of the gold bars; the big chunky ones that James Bond tosses around. It was probably the best purchase I ever made.' He invested £275,000, rustled up from 30 family members and angel investors, to establish BullionVault - a peer-to-peer site that allowed investors to buy small stakes in gold bars. A decade later it looked after gold worth more than $1.3 billion - equivalent to about 11 per cent of the Treasury's reserves, with a pre-tax profit of nearly £4million.
The Irish Sun
16-05-2025
- The Irish Sun
Millionaire Brit gold trader dies in horror crash in front of daughter after motorbike slams head-on into van in Spain
A BRIT millionaire gold trader has died in front of his daughter in a horror head-on crash with a van during a motorbike holiday in Spain. Paul Gerard Tustain, 62, was killed on a road near the n orthern Spanish town of Pamplona when his bike strayed onto the wrong side of the road. 6 Paul Tustain, 62, was killed when his motorbike smashed into a van during a tour of Spain Credit: Solarpix 6 The front of the van was severely crumpled by the crash Credit: Solarpix 6 Tustain's bike had strayed onto the wrong side of the road Credit: Solarpix Tustain, originally from Cambridgeshire but who lived in London, was the founder and chairman of BullionVault - the world's largest online bullion investment service. He also ran , which organised bulk crowdfunding of in-barrel Scotch whisky maturation. He was riding a rented BMW motorbike and smashed head-on with a van on Thursday afternoon. His daughter was riding on another motorbike behind him, and the pair are understood to have been completing a tour of Spain. read more in world news They were heading for the town of Logrono when the tragedy happened. A spokesman for local police said: 'The dead man's daughter saw he had strayed onto the wrong side of the road and tried to alert him with hand signals but it was too late. 'He smashed head-on into a van that couldn't do anything to avoid the collision. 'A post mortem will show whether he might have suffered a health problem that could have caused him to go onto the wrong side of the road. Most read in The Sun 'Otherwise it's likely to have been a fatal distraction. The force of the impact was brutal.' Emergency services got the call around 1.40pm on Thursday. Tragic Ferrari Crash: British Couple Die in Spanish Rally Horror An air ambulance rushed to the scene along with ground medics, police and firefighters - but there was nothing they could do. The tragedy struck on a stretch of the NA-1110 road between Azketa and Iratxe. Pictures from the crash scene showed the white van with its front smashed, across the road from the motorbike. A spokesman for local firefighters said: 'We were called yesterday afternoon about a front-on collision between a motorbike and a van on the NA-1110. 'The man on the motorbike died and the occupants of the van were unharmed.' 6 Investigators are considering that Tustain could have suffered a medical episode Credit: Solarpix 6 There was nothing the van driver could do to avoid the collision Credit: Solarpix 6 Tustain's daughter was riding behind him and saw the whole thing Credit: Solarpix A another emergency-services spokesperson said: 'A motorcyclist died Thursday afternoon after colliding with a van on the NA-1110 road, in the municipality of Iguzquiza 'The emergency management centre received notice of the accident at 13:38 hours on Thursday and sent firefighters to the scene along with a medical team, an advanced life support medicalised ambulance, a basic life support ambulance, a medical helicopter and police traffic patrols. 'The accident occurred when the motorcyclist collided head-on with a van at kilometer point 42.4 of the NA-1110 road. 'The emergency services mobilized could do nothing to save the life of the motorcyclist, a 62 year old man, who died at the scene. 'His body was taken to the Navarra Institute of Legal Medicine for an autopsy. A police investigation into the accident is underway.' A BullionVault employee said today: 'We are in shock at Paul's very sudden death. 'We will be releasing a statement in due course but at the moment we are still grieving. 'Our thoughts are very much with Paul's family.' Before venturing into the finance and investment sector Paul founded SAM Systems which specialised in mid and back office functions of the banking and stockbroking sectors. Tustain previously told how he got into bullion after seeing Gordon Brown selling Britain's gold reserves in 2001. He was quoted in the Times in 2016 as saying: 'The fool was selling gold every two weeks, they were selling so much that they destroyed the price. 'I eventually bought three of the gold bars; the big chunky ones that James Bond tosses around. It was probably the best purchase I ever made.' He invested £275,000, rustled up from 30 family members and angel investors, to establish BullionVault - a peer-to-peer site that allowed investors to buy small stakes in gold bars. A decade later it looked after gold worth more than $1.3 billion - equivalent to about 11 per cent of the Treasury's reserves, with a pre-tax profit of nearly £4million.
