STORE PRECIOUS METALS IN SINGAPORE

1.

What are the types of precious metals that can be stored in your Singapore vault?

Besides gold and silver bullion, you can store other physical precious metals such as platinum and palladium.

2.

I have silver and gold bullion. Would both precious metals be stored together in your Singapore vault storage?

We store silver and gold bullion in separate vaults - a Class I silver vault and a Class II gold vault. This separation of storage is an insurance requirement - gold bullion needs to be stored in a higher security Class II vault to have the necessary insurance coverage. This separation of gold and silver storage exists for both S.T.A.R. Storage and The Safe House's safe deposit boxes. This ensures that there is proper insurance coverage for our storage clients' high-value assets.

Like gold, platinum and palladium bullion are also stored only in our Class II gold vault.

3.

How are the gold and silver storage fees charged?

For S.T.A.R. Storage, bullion storage charges are based on fixed rates in Singapore dollars per troy ounce per year. Our fixed rates are advantageous to storage clients since their storage charges remain the same even if gold and silver prices go higher.

See here for S.T.A.R. Storage fees.

For safe deposit box rental charges, please refer to this page.

For S.T.A.R. Grams storage charges, please refer to this page.

4.

Do you offer private gold storage where I can store gold in a vault reserved only for me?

Our Singapore vault, The Safe House, offers Class II private safes and vaults to high-net-worth individuals storing substantial quantities of gold bullion. These highly secured gold safes and vaults can store up to 20,000 kg of gold, depending on the size of the gold storage rented.

Click this link for more information on The Safe House's private gold storage options.

5.

Are there independent audits of clients' precious metals in your vault storage?

For S.T.A.R. Storage, external auditors inspect stored bullion parcels quarterly and the audit reports can be accessed here. The quarterly audits are conducted using our Parcel Ownership List, which is also made available to all storage customers to do a personal audit, checking their parcel details in this list.

For safe deposit boxes, our clients are welcome to make an appointment with The Safe House to visit our bullion vault and personally verify their box contents. You will need to bear the costs of replacing the metal seal after your box is opened.

6.

Can I make a personal audit of my gold by coming to the vault?

We always encourage our clients, especially those not residing in Singapore, to visit us and our vault in Singapore. They have full access to their precious metals in our vault storage.

A personal audit appointment needs to be made with Silver Bullion at least 3 working days before the visit. Contact us at [email protected] to make an appointment.

7.

Is storing my bullion a prerequisite before I can obtain gold loans and silver loans on your Secured P2P Loan platform?

You can obtain gold loans and silver loans on our Secured P2P Loan platform after storing bullion in our vault. This allows you to borrow funds using your bullion parcels as collateral.

8.

Are clients able to switch between vault storage options later? For example, switching from S.T.A.R. Storage to a safe deposit box, and vice versa?

Our vault storage options are unique, catering to our clients' different needs. For example, S.T.A.R. Storage prioritizes convenience as it allows our clients to buy, sell, or take up a gold loan from anywhere in the world, as long as they have an Internet connection.

On the other hand, safe deposit boxes are extremely private as all records are offline, and there is no online website to log in for account management. However, a safe deposit box hirer will need to be physically present with their keys to access their boxes.

Our clients have the flexibility to switch between S.T.A.R. Storage and safe deposit boxes, subject to charges arising from withdrawing bullion from one storage option to be deposited in another.