Truly Secure Your Wealth
Our People
Four Questions For Gregor:
Have you always been a metals person?
No, I haven’t always been a precious metals person. The role and importance of precious metals only hit me – like a rock, you might say – in 2008.
I was a Senior Data Architect for Commerzbank, Germany’s second largest bank – when Lehman Brothers went bankrupt.
It was only massive government bailouts and guarantees that prevented a financial meltdown. I then started Silver Bullion Pte Ltd in April 2009.
I believe physical precious metals, owned outright, and stored with minimal counterparty risk in a safe jurisdiction is the best way to protect and increase your wealth when the next big crisis hits us.
Singapore is far from the U.S. and Europe, why should people store there?
Actually, distance is part of the attraction of storing in Singapore. Historically, governments in financial distress or in times of war have often resorted to nationalizing or confiscating physical gold.
Should a serious financial crisis occur, Western countries – which are already heavily indebted and will soon face a pension crisis – might again resort to nationalizing bullion stored within their jurisdictional reach.
How would you describe the unique proposition of Silver Bullion?
We are vertically integrated and therefore we are our client’s only counterparty.
This integration allows us to provide many guarantees and safeguards that are absent in the industry at large.
Physical bullion testing, client audits on demand, P2P lending and real-time tracking of bullion are such examples.
Furthermore, whereas most vaults operate out of rented facilities and minimal capital investments, we built one of the highest capacity vaults and alternative asset centres in the world and we own it.
These capital investments represent a commitment that we are here for the very long term.
Where do you see prices going?
Actually I don’t spend much time on short-term gold/silver price movements. Our customers view their wealth stored with us as long-term wealth insurance rather than a short-term investment.
Over the past 50 years, gold has increased on average by about 7.8% per year in USD terms. I would expect physical gold to appreciate a lot more over the next 5 to 10 years because so many US dollars have been created since 2008. I expect silver prices to increase more than gold, however.
Silver is historically undervalued versus gold, and silver supplies have been shrinking for decades.