Silver Bullion Raises Insurance to S$1.5 Billion for The Safe House Vault Amid Record Precious Metals Demand
PRESS RELEASE
For Immediate Release
24 April 2025
Singapore, 24 April 2025 - Silver Bullion (www.silverbullion.com.sg) has announced a major enhancement in the insurance coverage for its vault, The Safe House, located within its systemic wealth protection facility, The Reserve. The insurance coverage has been increased from S$1 billion to a landmark S$1.5 billion. This upgrade reflects the growing volume and rising value of precious metals currently held within the vaults at The Safe House in Singapore.
Amid escalating geopolitical tensions, economic instability, and growing concerns over currency devaluation, demand for precious metals has surged as investors seek safe-haven assets. Ongoing conflicts, trade disruptions, and global inflationary pressures have heightened uncertainty, prompting a significant shift toward tangible stores of value. Silver Bullion has seen a strong surge in sales since the beginning of the year, outperforming figures from even the COVID-19 period.
Singapore’s status as a politically stable and trusted financial hub continues to attract investors seeking secure storage for their wealth. This reputation, paired with gold prices hitting historic highs in recent months, has driven a sharp rise in the value of assets held at The Safe House. In response, The Safe House has increased its insurance coverage, ensuring it is well-positioned to meet growing global demand for secure precious metal storage during this sustained bull market.
John Tay, Director of The Safe House, commented, “The completion of The Reserve marks a major milestone in our commitment to providing world-class bullion storage. With significantly expanded vault capacity and upgraded security infrastructure, we are better equipped than ever to meet the growing needs of our clients. This next-generation facility allows us to not only store more precious metals but also to do so with an even higher standard of safety and protection. It’s about giving our clients greater peace of mind in an increasingly uncertain world.”
Gregor Gregersen, Founder & CEO of Silver Bullion Group, stated, “As momentum builds in the precious metals market, we’re not only preparing for increased demand from individual investors—but also positioning ourselves to welcome larger storage clients, including family offices and institutional entities. While gold has already reached record highs, silver remains poised for a strong upside, historically catching up and often outperforming gold in the later stages of bull markets. By raising our insurance coverage beyond the current value of stored assets, we’re proactively scaling our capacity to securely accommodate higher volumes and larger clients as the next leg of the bull market unfolds.”
The Safe House’s insurance is brokered by Marsh McLennan and underwritten by Lloyd’s of London insurers.
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About Silver Bullion
Founded in 2009, Silver Bullion is one of Singapore's largest precious metal dealers. It specializes in wealth protection and offers services, including precious metals storage, collateralization, and non-destructive testing at its vault, The Safe House, located within its own building, The Reserve. With over 180,000 sqft of storage capacity for physical assets like precious metals, luxury watches, art, gemstones, and other luxury items, The Reserve is one of the highest-capacity vaults in the world. Silver Bullion is a member of the London Bullion Market Association (LBMA) and the Singapore Bullion Market Association (SBMA) and is a partner of the World Platinum Investment Council (WPIC).
For any media requests, please contact:
Silver Bullion Pte Ltd
Bonnie Bee, Media Relations
T: +65 6100 3040
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