About Silver Bullion Pte Ltd

• The US Mint
• The Royal Canadian Mint
• Johnson Matthey
• Perth Mint Australia - (Primary Distributor)
• Banco de México - The Central Bank of México - (International Distributor)

• Yearly Transaction Volumes: over 680,000 ounces of investment grade physical silver delivered in the year 2011.
• Expedited Supplier Buyback: Silver Bullion Pte Ltd has entered into agreements with it's suppliers to sell back physical bullion stored in Singapore S.T.A.R. Vaults without the need to physically ship back or re-assay S.T.A.R. Storage bullion.
• Company Assets: as of early 2012 Silver Bullion Ptd Ltd owns, debt free, over 80,000 ounces of physical Bullion of which a sizable proportion is held within the S.T.A.R. storage system which can be converted to currency if needed.

• Is an Audited Singapore GST Registered Company Nr: 200907537M.
• Is regulated by the Internal Revenue Authority of Singapore (IRAS) , falls exclusively under Singapore jurisdiction and there are no transaction reporting requirements to foreign countries.
• Accounts are audited by independent Singapore Financial Auditors. Physical S.T.A.R. Storage bullion is audited by a London Bullion Market Association (LBMA) approved bullion inspection company.
• Is authorized to issue Singapore Customs import and export permits.

• Fully owns over 80,000 ounces (2.5 metric tons) of investment grade physical silver and some gold.
• Has no debt and, based on current fixed operating expenses, could operate for 20 years without sales.
• Has delivered almost 1 million ounces of physical silver to thousands of customers.

The Unsecured Creditor vs. Owner distinction becomes very important should the financial product issuer, or one of it's key counterparties fail. As most financial institutions nowadays are highly leveraged and highly interdependent among one another the financial “contagion” risk of one institution’s default causing a chain reaction is quite real.

This interdependence caused the “too big to fail” dilemma as government throughout the western world are forced to bail out their overleveraged financial institutions by insuring their debts. However as we see western government themselves defaulting and as the true size of governmental debt and their off-the-books unfunded liabilities are better understood by the broader mass of investors the risk for a systematic breakdown and chain defaults as occurred during the great depression becomes ever more real. In this scenario physical bullion will become a highly sought after safe heaven as it is an asset, not a derivative, debt or promise which can be defaulted upon.

If western governments choose to provide near limitless liquidity to prevent such defaults and monetize these liabilities we will likely see a loss of confidence in the currencies involved as occurred during Germany’s famous hyperinflation in the 1920s. In this case physical bullion will become a highly sought after safe heaven because, unlike FIAT currencies, it is a scarce physical resource that cannot be created out of thin air.