21: Silver Bullion CEO: Why and How to Buy Precious Metals

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 14 September 2016

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Gregor Gregersen is the Founder and CEO of Silver Bullion in Singapore. It’s 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 “Safe House”, you’ll 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:

Silver Bullion

Recommended:

Currency Wars –James Rickards

Discussed (relevant links):

The Safe House (video)
US Gold Confiscation in the USA

Show notes:

02:00 – Why did Gregor get into precious metals business
05:12 – Gold nationalization in Western Nations
05:50 – A history on the gold standard
08:10 – Systemic risks in the global economy
10:30 – Comparing the different ways to buy and sell precious metals
12:50 – What precious metals does Silver Bullion sell
13:50 – Why the name Silver Bullion
14:30 – When did Gregor buy his first piece of bullion
15:55 – Living through the financial crisis as a trader
16:30 – Starting the storage component of Silver Bullion
19:30 – Creating consumer transparency in Silver Bullion
21:00 – Different mints and coinages
23:45 – Gregor’s favorite mint to purchase
26:34 – A 1000 oz bar!
27:35 – Why Singapore as a safe place to store metals
28:37 – Singaporean politics
35:00 – Trust, confidence, and security in Singapore
35:00 – Caning in Singapore!
39:05 – At what point does it make sense to use Silver Bullion
40:45 – Quarterly audits of the inventory
41:45 – Minimum buys at Silver Bullion
42:30 – A walk through the buying process at Silver Bullion
44:50 – Overview of storage capabilities
48:00 – Fees for storage
51:40 – The liquidity in selling gold held at Silver Bullion
53:15 – P-2-P lending through Silver Bullion (Asset backed)
57:05 – Collateralizing the debt in a conservative way
58:20 – Who can lend money on the P-2-P platform
1:01:25 – Who can open accounts with Silver Bullion?
1:04:30 – Shipping the gold overseas from storage
1:03:00 – Summary of owning precious metals and systemic risks
1:03:45 – Where does Gregor invest his money
1:10:40 – See Silver Bullion for yourself!

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Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
0:09.0	Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
0:17.1	Hey guys, it's Johnny and welcome to episode 21 of the Invest Like a Boss podcast. I'm really excited this
0:22.2	week to have Gregor Gregerson, the founder of Silver Bullion, talking with Sam. So Sam is going to
0:28.0	be asking him all the questions that everybody has been just kind of racking their brains about
0:32.8	on what is the best way to buy either silver or gold? Is it better to buy it in paper form where you can
0:40.1	kind of just trade it through either gold ETS and other types of kind of on paper holdings?
0:45.4	Or should you actually physically have the coins or the bars in a safe somewhere, in a safety
0:50.9	deposit box somewhere in your home, or not in a bank? And they're going to go through all that in this episode. I think it's so fascinating whether you think you want to buy gold or not or silver or not. It's one of those things where I think everyone should just have this as something in the back of your mind as an alternative. He has a great story. Sounds like a great company. And I think we're going to enjoy this episode, so check it out.
1:12.0	Hey, welcome back, everybody, to another episode to Invest Like a Boss.
1:14.7	Today we have on Gregor Gregerson, who is the owner and director of Silver Boyon in
1:19.8	Singapore.
1:20.7	Gregor, pleasure to have you on the show.
1:22.3	Thank you for having me.
1:23.8	We've recently had a ton of questions flying in around purchasing precious metals.
1:29.6	I think it kind of signals to the ambiguity of the entire category of investing in precious metals.
1:35.4	So it's great to have you on the show to clear this up for all of our audience.
1:40.7	Yeah, great.
1:42.1	Shoot away.
1:43.4	Well, I wanted to start the episode a little bit about kind of what led you into the category and then ultimately into Silver Boyon.
1:51.3	Well, for me, it all started back in 2008.
1:55.1	At the time, I was working for Comerz Bank, a second biggest bank in Germany.
	...

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