Loomis International to Store Precious Metals with Silver Bullion’s vault, The Safe House
PRESS RELEASE
For Immediate Release
27 October 2016
Loomis International to Store Precious Metals with Silver Bullion’s vault, The Safe House
- The Safe House meets stringent security requirements for Loomis storage
- Agreement seen as mutually beneficial for both Loomis & Silver Bullion
SINGAPORE: Silver Bullion Pte Ltd (www.silverbullion.com.sg), one of Singapore’s largest bullion dealers and precious metals storage provider, announced today that it has entered into an agreement with Loomis International, a global leader in cash and valuable logistics, regarding precious metals storage at its vault, The Safe House.
Headquartered in Stockholm, Sweden, Loomis operates in 110 countries and has about 400 offices worldwide. Loomis is a market leader in the international end-to-end transport of valuables. The Loomis Share (LOOM B) is listed on the Nasdaq OMX Stockholm Stock Exchange and Loomis is part of the Nordic Large Cap List.
With the agreement, Loomis expects to store precious metals for long-term storage as well as for in-transit storage at The Safe House for its customers.
“I am pleased that our vault meets the stringent security requirements necessitated by Loomis and they are confident that our vault processes will support their business operations,” says Silver Bullion founder Gregor Gregersen. “This storage agreement will benefit customers who ship precious metals to us through Loomis. It will become a much simpler process as we tap on Loomis’ well established know-how in secure transport and customs clearance. For sovereign mints that store their bullion supply with Loomis, I expect our turnaround of bullion supply between mints and our customers to improve since the gold and silver will be re-stocked directly at The Safe House.”
Thomas Buechi, General Manager Asia of Loomis, says, “We are glad to be storing with a quality storage partner such as The Safe House in Singapore. This will be a mutually beneficial business relationship.”
Silver Bullion’s precious metals vault, The Safe House, has the capacity to store 630 metric tons of tax-exempt precious metals. Singapore government agency, IE Singapore, lists The Safe House as one of the two world-class vaults in Singapore.
###
Media Contact - Vincent Tie
[email protected]
+65 6100 3040