Financial Metals is happy to announce a brand new gold lease to Valaurum to increase manufacturing of the Aurum®, their bodily gold foreign money product. The lease dimension has grown by 800%.
“We’re thrilled to get a brand new gold lease with Financial Metals to scale up our operations, and at a considerably decrease price than we have been anticipating. We’re very happy with the outcomes,” stated Adam Trexler, Founder and CEO of Valaurum. Valaurum has been leasing gold from Financial Metals since 2016.
“I knew this was going to be a aggressive deal and I used to be eager to get my gold within the lease working for me. I participated within the rate-setting public sale, which cleared at 2.25%. That is a beautiful rate of interest for my gold given Valaurum’s historical past with Financial Metals,” stated Brent McDermott, an investor within the lease.
“I can earn 0.55% curiosity in {dollars} in a one-year CD, or I can earn a continuing 2.25% curiosity in gold with Financial Metals – with out fluctuations. I am selecting Financial Metals,” stated Russell Hirschman, one other investor.
CEO of Financial Metals, Keith Weiner commented, “This lease demonstrates the worth and vitality of our market. It is all about structuring win-win-win offers between those that need to earn curiosity on gold, and firms that use gold. That is precisely what we did right here.”
