Gregor Gregerson: Singapore: The Best Place on Earth to Store Bullion – 6/4/14
Several years ago, Gregor Gregerson read a book titled “From First World to Third World” by Lee Kuan Yew. The book discussed Singapore’s ascension in the global economy and identified it as a great jurisdiction to reside in and conduct business. Originally from Germany, Gregor packed his bags and moved to Singapore. A few years later, he is now regarded as a top bullion dealer in the country, and for that matter in the world.
When Gregor arrived in Singapore, he decided to purchase some silver bullion as an investment. Only problem was he could not find anywhere to buy it. Gregor decided to test the market and began meeting people in a train station in Singapore to exchanging silver bullion for cash. He explains that this was the safest way to get bullion. Once Gregor saw that people were willing to meet him at a train station, he knew there was a market for silver. That was five years ago.
Today, Gregor is a prominent silver bullion dealer in Singapore. With a background in software development and finance, Gregor built a fully secure and transparent service that allows buyers to lock in a price online and get delivery in short order. Gregor’s company owns bullion out right holds zero debt.
Recently, Gregor opened up the Safe House Depository. For listeners, imagine a Costco, but instead of food and goods on the shelves, there are palettes after palettes of silver bullion. Gregor explains that he felt a need to build a storage facility for his clients because existing storage facilities did not offer the protection he saw necessary.
Safe House can store roughly 600 tons of silver, which is a little more than 1% of the known above ground silver reserves on earth. Additionally it can hold 30 tons of gold in a class 2 vault. In all, Safe House facility can hold over $1B of bullion.
Finally, Gregor touches on why Singapore is the best jurisdiction on earth to store bullion. He explains that Singapore is a neutral country politically with a lot of diversity, and surprisingly, Singapore has a very large size Army with bases in Texas, Taiwan, and several other countries.
To buy or store silver with Gregor, listeners can visit silverbullion.com.sg and to see his new facilities, go to thesafehouse.sg.
Gregor Gregerson is the founder and owner of Silver Bullion SG and Safe House Depository, a premium bullion dealer and storage facility in Singapore. Gregor has a background in finance and software development.