Singapore, 07 February 2024 - Silver Bullion ( http://www.silverbullion.com.sg), a Singapore-based wealth protection company and precious metals dealer, has matched over USD $500 million in precious metals-backed loans on its Bullion Secured Peer-to-Peer (P2P) Loan program, thanks to rising collateralization demand from investors taking advantage of rising gold prices.
The half-a-billion-dollar milestone came on the back of over 16,600 precious metals-backed loans successfully matched since the program’s inception in August 2015.
Silver Bullion’s loan program allows precious metal investors to leverage their assets, including gold, silver, and platinum bullion bars and coins, as collateral for loans. This unique approach provides a valuable liquidity option for investors, enabling them to unlock the value of their holdings without the need to sell.
Clients can lend funds in the U.S. dollar, Euro, or the Singapore dollar to other clients seeking to borrow against their precious metal holdings. Lenders and borrowers specify their lending/borrowing details, such as loan duration, interest rates, and loan quantum, before listing their lending offers or borrowing requests on the platform.
The company’s Bullion Secured Peer-to-Peer (P2P) Loan program remains one of the few available options worldwide for precious metal collateralization. It ensures a high level of security for both borrowers and lenders. Every loan is backed by 160% to 200% of the borrower’s assets in bullion bars and coins stored in its Singapore vault, providing a robust safeguard from price fluctuations.
Gregor Gregersen, Chief Executive Officer of Silver Bullion, said, “Reaching the $500 million mark in loans matched is a milestone for Silver Bullion. It underscores the growing interest and need for alternative financing options in the precious metals market. Our Secured Peer-to-Peer Loans program was designed to offer a secure, flexible, and beneficial solution for precious metal investors. Given their long history as money, gold and silver are among the most trusted and liquid assets to be used as collateral. Rising gold prices further incentivize our clients to unlock funds from their stored bullion using our precious metal loans.”
About Silver Bullion
Founded in 2009, Silver Bullion is one of Singapore's largest precious metal dealers. It specializes in wealth protection and offers services, including precious metals storage, collateralization, and non-destructive testing at its vault, The Safe House, located within its own building, The Reserve. With over 180,000 sqft of storage capacity for physical assets like precious metals, luxury watches, art, gemstones, and other luxury items, The Reserve is one of the highest-capacity vaults in the world. Silver Bullion is a member of the London Bullion Market Association (LBMA), the Singapore Bullion Market Association (SBMA), the Silver Institute, and is a partner of the World Platinum Investment Council (WPIC).
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