1.
What are the types of precious metals that can be stored with Silver Bullion in your Singapore vault?
Besides gold and silver bullion, you can store other physical precious metals such as platinum, palladium. Nickel is stored in an LME approved warehouse under the custody of Silver Bullion.
2.
Are gold and silver stored together in your Singapore vault storage?
We store silver and gold bullion in separate vault configurations - a Class I silver vault and within multiple Class II gold vaults. This separation of storage is an insurance requirement - gold bullion needs to be stored in a higher security Class II vault to be protected with the necessary insurance coverage.
Like gold, platinum and palladium are stored only within our Class II gold vault.
3.
How are the gold and silver storage fees charged?
For S.T.A.R. Storage, bullion storage charges are based on a percentage of the metal's value, which is locked in and fixed depending on the determined storage period. These rates offer an advantage to storage clients, as the storage charges remain unchanged during the entire storage period, even if gold and silver prices increase. The rate applies until the prepaid storage term ends, at which point an extension will reflect the then current rates.
Please refer here for S.T.A.R. Storage fees.
For S.T.A.R. Grams storage charges, refer to this page.
4.
Are there independent audits of clients' precious metals in your vault storage?
For S.T.A.R. Storage, external auditors inspect stored bullion parcels quarterly and the audit reports can be accessed here. The quarterly audits are conducted referencing our Parcel Ownership List, which is also made available to all storage customers, checking their parcel details in this list.
5.
Can I make a personal audit of my gold by coming to the vault?
We encourage our clients, especially those not residing in Singapore, to visit us and to visit our vault in Singapore. They have full access to their precious metals in our vault storage.
A personal audit appointment needs to be made with Silver Bullion at least three working days before the visit. Contact us at [email protected] to make an appointment.
6.
Is storing my bullion a prerequisite before I can obtain gold loans and silver loans on your Secured P2P Loan platform?
You can obtain gold loans and silver loans on our Secured P2P Loan platform after storing bullion in our vault. This allows you to borrow funds using your bullion parcels as collateral.