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Gold Bullion International Lease #1 (gold)

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
Commencement Date: May 29, 2019
Term: 1 year
Lease Rate: 2.0% net to investors

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

Gold Offers for Gold Bullion International

- Click to enlarge

Full story here
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals. He created DiamondWare, a technology company that he sold to Nortel Networks in 2008. He has his PhD from the New Austrian School of Economics. He lives with his wife near Phoenix, Arizona. In March 2015 he moved his Gold Standard column from Forbes to SNBCHF.com.
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Permanent link to this article: https://snbchf.com/2019/06/weiner-gold-bullion-international-lease-gold/

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