In the late 1970s, a young college student decided to put his business studies curriculum to the test. At that time, Bart Kitner was armed with little more than a $700 loan, a nose for opportunities and the doggedness it took to capitalize on them.
He began by occupying a small but significant and overlooked niche, buying scrap gold from jewelers across Eastern Canada, having it refined and selling the resultant pure gold grain on to bigger players. He made this his full-time career upon graduating from McGill University. Eventually, he was able to expand his business into other industrial areas and, by the late 1990s, into precious metals products.
The real breakthrough, however, came in 1995, when the website Kitco.com was launched. Long before the Internet became ubiquitous, he established an online presence for his company. Privileged market information — prices, trends, news — that had once been jealously guarded to protect the knowledge advantage of a few big players was given away to everyone. In short order, Kitco.com became the world's favorite and most trusted source of precious metals market information. With its compelling combination of an online precious metals store, live spot prices, expert market commentaries, up-to-the-minute news and usable market information, our website attracts nearly a million visits every day.
Over the years, Kitner's business outgrew his apartment and moved into an 800 square-foot office in downtown Montreal. Today, it occupies more than two floors of a Montreal office building and two other offices in New York and Hong Kong. The force that drives it, however, is still the entrepreneurial spirit of a college kid with a knack for discovering opportunities.