Gregor Gregersen - Offshore Gold Storage: Are You An Owner Or A Creditor? (Part 1 of 4)
This is the first of a four-part series delving into the critical areas to look for with offshore gold storage with SBTV's latest guest, Gregor Gregersen.
Gregor is the founder of Silver Bullion and The Safe House. In part one of this series, he deconstructs the often opaque inner workings of the gold & silver storage industry and asks bullion owners storing offshore this question: Are you really an owner of your stored asset, or are you just a creditor?
Discussed in this interview:
03:42 The I.O.U system is common in the financial system.
06:59 Difference between unallocated and allocated gold storage.
11:24 Ensuring that you are the owner of the stored bullion.
15:15 Problems with unallocated/allocated gold storage.
20:46 A customer's experience with allocated gold storage.
24:19 The 4 essential questions to ask when storing gold.
25:25 How ownership of a bar or coin can be transferred.
29:17 Creating a transparent bullion storage system.
32:38 Can a certificate represent ownership?
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