What happens to my gold and silver during the loan period?
Your gold and silver will continue to be stored securely, and fully insured, inside of SWP’s Cayman Islands vault. It will be placed in a segregated sub-account held in you name for the duration of the loan and returned to your master account once the loan is repaid in full.
Do I still have to pay storage fees during the loan?
Yes, you will still pay your regular storage fees for the metal being used as collateral.
What options do I have to pay back the loan?
You can pay back the loan principal at the end of the term or seek renewal for a further term. Prepayments are subject to an interest penalty, equivalent to the unpaid interest until the end of the term. Payments must be made in USD.
Do all gold and silver products qualify as collateral?
Any precious metals sold to you by SWP directly qualifies as collateral. If the precious metals originated from an external course, 100 oz, 400 oz gold bars and 1000 oz silver bars will not qualify. All metal is subject to SWP’s approval.
Do I have to be a client of SWP to invest in a PMBSN?
No, anyone can invest in a PMBSN.
How is my investment protected?
All PMBSN are fully backed by a portfolio of physical precious metals stored by our sister company SWP. SWP Capital ensures that adequate collateral is maintained at all times so that your investment is never at risk.
When do I receive my interest payments?
Interest is paid upfront in full.