Monetary Metals Finances GoldSilver.com At 4%
Keith Weiner | Jun 20, 2018 04:50AM ET
Scottsdale, Ariz, June 20, 2018 — Monetary Metals announces that it has leased gold to GoldSilver™, to support the growth of its line of fine gold jewelry, Gold Without Borders™, at an interest rate of 4.0%. The metal is held in the form of jewelry inventory.
A Monetary Metals gold lease can be the lowest-cost capital in a lessee’s capital structure. Monetary Metals obtains gold and silver from investors, who earn a return on their metal rather than pay to store it. The interest comes from placing the metal with qualified companies who pay to use it, typically for inventory or work-in-progress.
In Monetary Metals’ innovative process, each investor decides how much gold to offer, and the minimum acceptable rate. The deal closes at the lowest rate that provides enough metal to meet the business need, and all investors in the deal are paid that rate. The offers and cleared rate are shown in this graph for the GoldSilver lease .
“Leasing gold to GoldSilver is a win-win deal, paying interest to investors and providing affordable financing to an innovative company,” said Keith Weiner, CEO of Monetary Metals. He added, “The financing was about 450% oversubscribed, showing that there is robust demand for this deal.”
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