first majestic silver

Monetary Metals Leases Gold To GBI

PhD in Economics, CEO of Monetary Metals
June 19, 2019

GBI saves money financing Auvere™ 24k jewelry, with a Monetary Metals lease.

Scottsdale, Ariz, June 17, 2019—Monetary Metals announces that it has leased gold to Gold Bullion International, to support the rapid growth of GBI’s fine 24k gold jewelry business, Auvere™ (www.auvere.com). The metal is held in the form of jewelry inventory.

A Monetary Metals gold lease is a win-win for both the lessee and the lessor. The lessee gets low-cost gold capital for inventory or work-in-progress. The gold is leased from investors, who earn a current return in the form of interest (2% per annum in this case), rather than paying storage fees. Such interest is paid in gold, which is not subject to chronic dollar devaluation.

In Monetary Metals’ innovative process, each investor decides how much gold to offer, and the minimum acceptable rate of return. The deal closes at the lowest rate that provides enough metal to meet the lessee’s need, and all investors in the deal are paid that rate.

“There was robust investor demand for this lease, with about 260% oversubscription,” said Keith Weiner, CEO of Monetary Metals. “Gold Bullion International is an excellent custodian for our investors’ gold.”

“Monetary Metals provides GBI a cost effective and reliable source of inventory financing for our exciting line of luxury gold jewelry,” said Marc Scher, President of GBI.

About Monetary Metals

Monetary Metals® is Unlocking the Productivity of Gold™ by offering a Yield on Gold, Paid in Gold® to investors, and Gold Financing, Simplified™ to gold-using businesses. The company manages the Gold Exponential Fund™, which provides a way for investors to own gold and earn a yield, by trading between gold and silver. Monetary Metals publishes groundbreaking research to help investors understand the emerging role of gold as the ultimate measure of wealth, including the MM GOFO™ gold forward rate.

CONTACT
https://monetary-metals.com/
Robert Lamb, VP Corporate Sales
(646) 653-9729 ext. 2
[email protected]

About Gold Bullion International. Gold Bullion International™ is one of the most trusted names in the precious metals industry, servicing institutional and retail clients around the world. GBI offers a wide variety of bullion products and technology services in addition to proudly offering “Auvere,” a line of 24k gold jewelry.

CONTACT

https://bullioninternational.com/

Marc C. Scher, President and Chief Operating Officer

(646) 822-1305

[email protected]

********

Keith WeinerDr. Keith Weiner is the CEO of Monetary Metals and the president of the Gold Standard Institute USA.  Keith is a leading authority in the areas of gold, money, and credit and has made important contributions to the development of trading techniques founded upon the analysis of bid-ask spreads.  Keith is a sought after speaker and regularly writes on economics.  He is an Objectivist, and has his PhD from the New Austrian School of Economics.  His website is www.monetary-metals.com.


China is the world’s biggest gold producer with more than 355 tons annually. Australia is second.
Top 5 Best Gold IRA Companies

Gold Eagle twitter                Like Gold Eagle on Facebook