21: Silver Bullion CEO: Why and How to Buy Precious Metals
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Gregor Gregersen is the Founder and CEO of Silver Bullion in Singapore. It\\u2019s a state of the art facility that is truly innovating the category through transparency, technology and cost efficiency. If you do nothing else with this episode, checkout the video loop here of the Silver Bullion \\u201cSafe House\\u201d, you\\u2019ll be impressed. Gregor had an interesting experience during the 2008 financial crisis that led him to starting Silver Bullion that is a fascinating story in itself.
On this episode we compare different ways to buy and sell gold, what types of mints and coinages are most common, the comparison of holding physical gold at home or abroad, Singapore as a safe have, and evaluate a few of the systemic risks that face the global today. We also discuss the unique and intriguing P-2-P lending platform that Silver Bullion created where loans are secured by the borrowers precious metals. No matter what your experience in purchasing precious metals has been in the past, there will be something you can take away from this episode.
Relevant links for guest:
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Recommended:
Currency Wars \\u2013James Rickards\\xa0
Discussed (relevant links):
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The Safe House (video)
US Gold Confiscation in the USA
Show notes:
02:00 \\u2013 Why did Gregor get into precious metals business
05:12 \\u2013 Gold nationalization in Western Nations
05:50 \\u2013 A history on the gold standard
08:10 \\u2013 Systemic risks in the global economy
10:30 \\u2013 Comparing the different ways to buy and sell precious metals
12:50 \\u2013 What precious metals does Silver Bullion sell
13:50 \\u2013 Why the name Silver Bullion
14:30 \\u2013 When did Gregor buy his first piece of bullion
15:55 \\u2013 Living through the financial crisis as a trader
16:30 \\u2013 Starting the storage component of Silver Bullion
19:30 \\u2013 Creating consumer transparency in Silver Bullion
21:00 \\u2013 Different mints and coinages
23:45 \\u2013 Gregor\\u2019s favorite mint to purchase
26:34 \\u2013 A 1000 oz bar!
27:35 \\u2013 Why Singapore as a safe place to store metals
28:37 \\u2013 Singaporean politics
35:00 \\u2013 Trust, confidence, and security in Singapore
35:00 \\u2013 Caning in Singapore!
39:05 \\u2013 At what point does it make sense to use Silver Bullion
40:45 \\u2013 Quarterly audits of the inventory
41:45 \\u2013 Minimum buys at Silver Bullion
42:30 \\u2013 A walk through the buying process at Silver Bullion
44:50 \\u2013 Overview of storage capabilities
48:00 \\u2013 Fees for storage
51:40 \\u2013 The liquidity in selling gold held at Silver Bullion
53:15 \\u2013 P-2-P lending through Silver Bullion (Asset backed)
57:05 \\u2013 Collateralizing the debt in a conservative way
58:20 \\u2013 Who can lend money on the P-2-P platform
1:01:25 \\u2013 Who can open accounts with Silver Bullion?
1:04:30 \\u2013 Shipping the gold overseas from storage
1:03:00 \\u2013 Summary of owning precious metals and systemic risks
1:03:45 \\u2013 Where does Gregor invest his money
1:10:40 \\u2013 See Silver Bullion for yourself!
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