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Gold Bullion International Lease #1 (gold)

Summary:
Monetary Metals leased silver to Gold Bullion International, to support the growth of its gold jewelry line. The metal is held in the form of inventory in a third party depository. For more information see Monetary Metals’ press release. Metal: GoldCommencement Date: May 29, 2019Term: 1 yearLease Rate: 2.0% net to investors The lease is 260% oversubscribed. The graph of the offers is less illustrative than others, as there was no rate-setting auction phase. We used only the call for metal phase, with the rate pre-determined at 2% based on comparable leases. Even in the call for metal, investors have the right to offer at higher interest rates–this is why there are some offers going up to higher rates.

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Monetary Metals leased silver to Gold Bullion International, to support the growth of its gold jewelry line. The metal is held in the form of inventory in a third party depository.

For more information see Monetary Metals’ press release.

Metal: Gold
Commencement Date: May 29, 2019
Term: 1 year
Lease Rate: 2.0% net to investors

The lease is 260% oversubscribed.

The graph of the offers is less illustrative than others, as there was no rate-setting auction phase. We used only the call for metal phase, with the rate pre-determined at 2% based on comparable leases. Even in the call for metal, investors have the right to offer at higher interest rates–this is why there are some offers going up to higher rates.

Gold Bullion International Lease #1 (gold)

Keith Weiner
Keith Weiner is CEO of Monetary Metals, a precious metals fund company in Scottsdale, Arizona. He 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. He is founder of DiamondWare, a software company sold to Nortel in 2008, and he currently serves as president of the Gold Standard Institute USA. Weiner attended university at Rensselaer Polytechnic Institute, and earned his PhD at the New Austrian School of Economics.

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