SCOTTSDALE, Ariz., June 1, 2017 /PRNewswire/ -- Monetary Metals announces that it has provided silver financing to Scottsdale Precious Metals. The gross interest rate is 5.75%.
Monetary Metals purchased the inventory of Scottsdale Precious Metals, and leases it back. Monetary Metals provided silver to the company, and will receive its silver back in the end. This innovative True Silver Lease structure allows Scottsdale Precious Metals to make money, without the risk of volatile silver prices or the cost and complexity of hedging.
Monetary Metals raises gold and silver from investors. Its unique model offers them a yield on gold, paid in gold® (and silver), while they retain title to their metal. The investors in this deal are getting a 3.75% silver-on-silver yield, and Monetary Metals earns a fixed spread between the gross rate paid by Scottsdale Precious Metals and the net rate paid to the investors.
"We are excited to do more business with a local company," said Keith Weiner, CEO of Monetary Metals. Monetary Metals financed the company with gold a month ago. "Scottsdale Precious Metals is doing something we believe in," he added.
"The lease from Monetary Metals is transformative to our business. As we grow, we have a partner we can rely on to grow with us," said Jon Goldberg, CEO of Scottsdale Precious Metals.
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 also manages the Gold Exponential Fund™. Monetary Metals publishes groundbreaking research to help investors understand the emerging role of gold as the ultimate measure of wealth, including the Gold Forward Rate. https://monetary-metals.com/
Daniel Rozzi, VP Relationships
(646) 653-9729 ext. 1
About Scottsdale Precious Metals
Scottsdale Precious Metals purchases high-quality vintage jewelry that would otherwise be melted down for its gold and silver content. The company cleans each piece, and finds it a new home with someone who will enjoy it for many years to come.
Jon Goldberg, CEO
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SOURCE Monetary Metals & Co.