by Keith Weiner
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| Monetary Metals leased silver to Gold Bullion International, to support the growth of its gold jewelry line. The metal is held in the form of inventory in a third party depository.
For more information see Monetary Metals’ press release. Metal: Gold The lease is 260% oversubscribed. The graph of the offers is less illustrative than others, as there was no rate-setting auction phase. We used only the call for metal phase, with the rate pre-determined at 2% based on comparable leases. Even in the call for metal, investors have the right to offer at higher interest rates–this is why there are some offers going up to higher rates. |
Gold Offers for Gold Bullion International - Click to enlarge |
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals.
Tags: gold interest,gold lease,newsletter
