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Gold Bullion International Lease #1 (gold)

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Keith Weiner
Monetary Metals
Published : June 19th, 2019
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Category : Gold and Silver

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.
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Keith Weiner is a technology entrepreneur and president of the Gold Standard Institute USA. He was the founder of DiamondWare, a Voice Over Internet Protocol software company, which he sold to Nortel in 2008. He is an Objectivist who has his PhD from the New Austrian School of Economics, with a focus on monetary science. Keith, who currently trades and analyzes precious metals and commodities, advocates a return to a proper gold standard and laissez-faire capitalism. He lives with his wife near Phoenix, Arizona.
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