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Singapore gets first dedicated silver vault

Silver Bullion says depository a vote of confidence in the precious metal

Published on Mar 25, 2014 10:10 AM
 

The price of silver may have fallen over the past three years, but the founder of Silver Bullion, Mr Gregor Gregersen, has great confidence in the precious metal.

So much so that today, he launches The Safe House, the first depository dedicated to storing silver here.

The Chai Chee Lane facility has a maximum capacity of 600 tonnes of silver. Another vault within the main vault can store up to 25 tonnes of gold.

Silver Bullion currently holds 36 tonnes of silver, which is mainly kept at Ferrari Logistics.

 
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