I recently had an opportunity to sit down with Gregor Gregersen, the founder of Silver Bullion – a precious metals storage facility in Singapore – to discuss the intricacies of precious metal storage and the current state of the market.
Gregor is an old friend of mine, and someone I consider an expert in both storing metals and understanding the general dynamics of the precious metals market.
(We filmed the video after our Total Access event in Mexico City, which took place just a few weeks ago, where Gregor was also presenting and sponsored one of our dinners.)
The reason I wanted to sit down with Gregor is because of the unique insights he can offer. Gregor has significant visibility into the precious metals market dynamics, dealing directly with refiners, wholesalers, and other key players.
So, our discussion went beyond just the storage of precious metals. Instead, we delved into the specifics of gold and silver procurement – an area where Gregor has first-hand information that’s typically beyond the reach of the average investor.
For instance, we discussed the disconnect between the high physical demand for silver and its relatively low price. A significant amount of silver is used industrially and traded outside of traditional precious metals exchanges, leading to a “hidden” demand that isn’t fully reflected in market prices.
Gregor made a potentially compelling case for potential future increases in silver prices. While this isn't a suggestion to buy silver, it's certainly an intriguing perspective worth considering when evaluating the precious metals market.
Additionally, we discussed investment mechanisms like silver ETFs and the futures market, where the reality is that few investors take physical delivery due to the associated high costs and the complexities of rolling over contracts.
Our conversation was quite extensive, covering a number of fine details of the gold and silver markets.
P.S. A reminder to our Total Access members: You have access to a special discount valid until the end of this month. The offer is priced at USD 40 cents above spot, per ounce, for all types of 100 oz silver bars available at Silver Bullion. If this offer interests you, please reach out to Silver Bullion at [email protected], informing them of your membership with us. You will need to confirm that your membership is active to take advantage of this discount.
I recently had an opportunity to sit down with Gregor Gregersen, the founder of Silver Bullion – a precious metals storage facility in Singapore – to discuss the intricacies of precious metal storage and the current state of the market. Gregor is an old friend of mine, and someone I consider an expert in both…
