Do I get a “certificate” for the stored parcels?

A commercial invoice functions like a certificate in that it legally documents the transfer of ownership to the specified buyer. An invoice is a legal document which is created by Silver Bullion officers, controlled by accountants, inspected by financial auditors and regulated by the Inland Revenue Authority of Singapore (IRAS).

Falsifying a commercial invoice is a criminal offense in Singapore, not just a civil offense. Although an invoice might not sound glamorous, this document offers much more protection than a loosely defined “certificate”.

The S.T.A.R. Storage system offers more layers of protection than a bearer based certificate system, which is intrinsically much more susceptible to fraud as it relies on a single document issued by a single institution instead of having the transparency and multiple party control mechanism of the S.T.A.R. Storage system.