SINGAPORE – The global financial crisis in 2008 left a deep imprint on finance executive Gregor Gregersen and kick-started his interest in gold.
Mr Gregersen, who invests in gold and silver for his own portfolio, founded Silver Bullion in April 2009 and opened The Reserve here, one of the biggest storage facilities for precious metals in the world, in 2024. Mr Chow invests in gold-backed exchange traded funds such as the SPDR Gold Shares ETF managed by State Street Global Advisors, with the intention of trading and making short-term gains from his trades.
Mr Gregersen added that markets will start differentiating between holding a physical gold bar and holding paper gold during a crisis. “It is very fascinating to see the premium of physical gold go up and down depending on the amount of fear in the markets.” “If your grandma left you some gold jewellery, that is quite valuable. But if she had saved up the money, it probably would not be as valuable,” he said.
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