Previous post Next post

Monetary Metals Provides Gold Loan to Sector Resources

The loan is denominated in gold with interest and principal paid in gold

Scottsdale, Ariz., June 9, 2020—Monetary Metals® announced today that it has loaned gold to Sector Resources Canada Ltd., a British Columbia based gold mining company. The private transaction was conducted off-market, and the interest rate and terms were not disclosed.

Monetary Metals’ innovative business model enables gold-owning investors to lease or lend gold to businesses that use gold. Investors benefit because they earn interest on their gold investment, paid in gold. Qualified businesses also benefit, as borrowing in gold matches their gold income with gold expenses. This eliminates the borrower’s price risk of owning gold without the cost and risk of hedging.

“Monetary Metals has provided us an excellent way to finance our short term needs,” said William Dell’Orfano, Managing Director of Sector Resources Canada Ltd.

Monetary Metals has been paying investors and solving business problems with gold leasing for five years. Now, the company is adding gold lending to its existing gold fixed-income line of business.

“We are excited to make our first gold loan to Sector Resources, expanding our proven model of paying interest on gold, in gold.” said Keith Weiner, CEO of Monetary Metals.

Full story here
Keith Weiner
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals.
Previous post See more for 6a.) Keith Weiner on Monetary Metals Next post
Tags: ,,,,,,,,

Permanent link to this article: https://snbchf.com/2020/06/weiner-monetary-metals-provides-gold-loan-sector-resources/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.