How will I be protected under Singapore Law if something happens to Silver Bullion e.g. if Silver Bullion goes bankrupt or gets closed for any other reason?

The invoice provided by Silver Bullion for the purchased (and stored) bullion is viewed as a commercial invoice under the Singapore law. Also, once purchased and stored in our vault, the client’s bullion is not an asset of Silver Bullion anymore but a physical property of the client and Silver Bullion’s role becomes that of a storage agent / custodian.

In the (highly unlikely) event of Silver Bullion’s default or bankruptcy, each client’s bullion is therefore not going to be a part of the liquidation assets under the Singapore law. This means that all clients will be able to come to the appointed liquidator with their invoice (containing the unique parcel numbers) and directly claim their bullion, i.e. their property.

Similarly, any case of Infidelity of Employees (i.e. inside jobs) would cause imprisonment under Singapore law. Moreover, the insurance coverage for our vault also includes Infidelity of Employees and even Mysterious Disappearance, so all our clients are truly protected against ‘all risks’.