Interest rates are zero, or even negative. Your savings sitting in a bank account are losing value to inflation. But what do you do if you want a very safe way to generate a reasonable return?
How about loans backed by gold and silver?
Now something that Simon talked about a few years ago already is actually live. Silver Bullion in Singapore implemented the very first modern peer-to-peer lending facility backed by precious metals.
This is just another stepping stone in moving from the old corrupt financial system to the new one, based on technology and the world's oldest money. It will undoubtedly revolutionize finance.
Simon and Gregor Gregersen from Silver Bullion talked about this already during the June SMC teleconference, and attendees of our Global Offshore & Investment Summit in Cancun have known about it for a while. And today, the gold-backed Peer-To-Peer System is officially launched to the public after it was made exclusively available for SMC members for the past few weeks.
Read more about it here.
Interest rates are zero, or even negative. Your savings sitting in a bank account are losing value to inflation. But what do you do if you want a very safe way to generate a reasonable return? How about loans backed by gold and silver? Now something that Simon talked about a few years ago already…