Below is a press release from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices. I have met the CEO, Mr Torgny Persson before and my impression is that he is a man with conviction in precious metals. His company is one of the first few bullion companies in Singapore to allow trading of gold in bitcoins. And now, BullionStar is the first company in Singapore to pay employees in gold and silver.
Starting this month, employees of BullionStar Pte Ltd can choose to have their salary paid in Gold or Silver bullion.
Mr Torgny Persson, CEO of BullionStar Pte Ltd says: “Gold and Silver has been used as money throughout centuries and keep its purchasing power over time better than any other asset class. By paying our staff in Gold & Silver, we allow them to save in real money that keeps its value over time. As all our staff already prior to this arrangement save & invest in precious metals, it’s natural for them to embrace the new arrangement.”
The reason why employee Hong Kang welcomes the idea: “I believe in saving in precious metals as I genuinely believe Gold and Silver preserves wealth. For the past two years, I have been putting part of my income into Gold and Silver for long term savings. As an Asian, I wanted to leave behind an inheritance for my children and what else makes a better inheritance than Gold and Silver. In fact, I am all excited about the new arrangement.”
BullionStar Pte Ltd is the FIRST company in SINGAPORE offering its employees to be paid in gold and silver. In doing so, employees can build a bullion portfolio effortless and effectively. More employers are expected to follow suit in the future as Gold and Silver is once again gaining traction in being recognized as true money as fiat currencies are depreciating in value worldwide.
BullionStar Pte Ltd is a Singapore registered bullion dealer offering GST exempted precious metals for savings and investment. The Singaporean government exempted precious metals in 2012 with the objective of making Singapore a trading, transit and storage hub of precious metals.