The Quest for creating the safest place for your silver and gold
When we started with the precious metals business in 2009 through our parent company Silver Bullion, we were immediately aware that there cannot be proper safekeeping of wealth without the direct and physical ownership of the client and a dedicated storage facility. Soon after we were asked by one of our clients if we were able to store 200 metric tons of his purchased silver, which not only confirmed what we knew but also made us realize the scale of the demand for state-of-the-art vaulting facilities in this part of the world that could satisfy very high quality standards.
For example, in many vaults clients could not actually see (or at least it was difficult to audit) their physical property due to “security risks”, which points to a lack of transparency. Some vaults did not have third party audits, thus increasing the risks from inside jobs. Most vaults had “all risk insurance” that didn’t actually mean “ALL” risk insurance, especially when it came to the so called mysterious disappearance or internal negligence. Other vaults simply did not have satisfactory testing methods to verify the authenticity of precious metals. Finally, some vaults were simply located in fiscally imprudent jurisdictions, thus increasing the risks of nationalization and political interference.
From the beginning, the main philosophy of our parent company Silver Bullion Pte. Ltd., was to minimize risks as much as possible, so we decided to build a vault that would meet all our criteria for proper safekeeping of the wealth. By establishing the vault we finally had the full suite of services under one umbrella; i.e. we created a one-stop solution for buying, selling, testing, storing and collateralizing precious metals which meant the full protection and privacy with maximum possible flexibility, liquidity and transparency. Only when we were satisfied that it was safer to keep our own possessions in this vault than in our own houses or any other vault, then we decided that it was also safe for our clients. Hence the name The Safe House!
Protecting your precious metals, preserving your wealth
The ISO 9001 certiﬁed vault at The Safe House can store over 600 metric tons of silver and 30 tons of gold and platinum, making it the largest privately operated vault dedicated primarily to silver in South East Asia. As a one-stop solution for testing and storage of bullion, The Safe House removes the risk of middlemen and subsequently the inherent regulatory exposure that some vaulting companies headquartered in other jurisdictions have to conform with. This means that the stored bullion is the physical property of our clients and they can take it out or sell it back through our parent company Silver Bullion allowing for maximum flexibility and liquidity without jeopardizing safety and security. At The Safe House, we have spared no eﬀorts to ensure that the stored bullion is legally protected, jurisdictionally safe and free from counterparty risks.
More privacy, more security, less concern
For clients who desire additional privacy and safety we offer safe deposit boxes at The Safe House. The clients have full control of storing their bullion in their own boxes which are locked and tamper sealed in their presence, thus limiting the relationship with The Safe House to that of a rentor and box hirer. All our safe deposit boxes are covered by third party insurance included upon rental, with the option to increase that insurance if clients wish to do so. A safe deposit box is generally not considered a financial account by foreign revenue agencies, making it an ideal solution for preserving your wealth.
We are committed to the highest standards of integrity and transparency without jeopardizing privacy and security. All products and solutions developed by Silver Bullion are and will be tailored to the best interests of our clients. We will never seek to use clients’ assets, information or property to generate additional undisclosed income. This means that anything stored in The Safe House belongs only to our clients and we do not leverage on those assets in any way (i.e. borrow, hedge, lease etc. against the stored property)