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BullionStar

Torgny Persson

Torgny Persson is the founder and CEO of BullionStar. In this blog,
Torgny is sharing what's happening inside BullionStar as well as news
and research from the local and global precious metals markets.

Infographic: Bullion Banking Mechanics

Infographic: Bullion Banking Mechanics

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  • author Torgny Persson
  • Comments 2 Comments

Bullion banking is a commonly used term, but what does it refer to? And who are these bullion banks? This new infographic from BullionStar guides you through the shadowy world of bullion banking centred in the City of London, and looks at the paper gold creation process, how the banks use unallocated gold accounts to allow the trading of gigantic amounts of fictitious gold, and how the... Continue Reading arrow

Infographic: Gold ETF Mechanics

Infographic: Gold ETF Mechanics

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  • author Torgny Persson
  • Comments 3 Comments

Gold-backed Exchange Traded Funds (ETFs) are a product class that has grown rapidly in recent years. The financial media regularly reports on the gold holdings within these products, and the customer bases of these ETFs include both institutional and retail investors. But what exactly are the mechanics of these products, what do they provide and not provide to their holders, and what... Continue Reading arrow

The Gold Market – Where Transparency means Secrecy

The Gold Market – Where Transparency means Secrecy

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  • author Torgny Persson
  • Comments 1 Comments

The following speech, by BullionStar precious metals analyst Ronan Manly, was given to an audience during a Precious Metals Seminar held at BullionStar’s shop and showroom premises in Singapore on 19 October 2016. Introduction Good evening ladies and gentlemen, you are all very welcome to this event at BullionStar. This evening, I will be discussing the … Continue Reading arrow

Guest Post – Jayant Bhandari: Gold Price Skyrockets in India after Currency Ban

Guest Post – Jayant Bhandari: Gold Price Skyrockets in India after Currency Ban

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  • author Torgny Persson
  • Comments 4 Comments

The following guest post was written by Jayant Bhandari in two parts. Part 1 was first published by Jayant on November 9. Part 2 was first published by Jayant on November 16. Parts 1 and 2 were originally published on the ‘Acting-Man.com’ website as “Gold Price Skyrockets in India after Currency Ban" and “Gold Price Skyrockets … Continue Reading arrow

Bullion Banking 101 – Speech by BullionStar CEO, Torgny Persson

Bullion Banking 101 – Speech by BullionStar CEO, Torgny Persson

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  • author Torgny Persson
  • Comments 14 Comments

The following speech, by BullionStar CEO Torgny Persson, was given to an audience during a Precious Metals Seminar held at BullionStar’s shop and showroom premises in Singapore on 19 October 2016. Introduction What have I got here? It’s 87 grams of gold. As many of you know, we have our own bullion vault integrated in BullionStar’s … Continue Reading arrow

Trump and Gold

Trump and Gold

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  • author Torgny Persson
  • Comments 0 Comments

It was an event-filled and turbulent evening last night as the results for the 45th US presidential election rolled in, signalling that the majority of the American electorate had voted for Republican candidate Donald Trump. Trump received over 270 of the 538 electoral college votes needed to secure a majority. Trump will now be inaugurated as … Continue Reading arrow

BullionStar attends LBMA Conference in Singapore, October 2016
Infographic: The Indian Gold Market

Infographic: The Indian Gold Market

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  • author Torgny Persson
  • Comments 2 Comments

The Indian gold market is one of the world’s largest and most extensive gold markets, with an estimated 23,000 tonnes of private gold held within India’s borders. In India, gold is revered and held as a traditional form of savings and wealth preservation, particularly in the form of gold jewellery. With minimal gold mining production, … Continue Reading arrow

Additional Gold & Silver & Platinum Coins GST-free in Singapore

Additional Gold & Silver & Platinum Coins GST-free in Singapore

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  • author Torgny Persson
  • Comments 0 Comments

Starting 1 September 2016, the exemption of gold, silver and platinum coins from Goods and Services Tax (GST) in Singapore has been extended. The following coins, all available for ordering at BullionStar.com, are now available for purchase without any GST. The updated IRAS Guide on Exemption of Investment Precious Metals (IPM) can be found here. United … Continue Reading arrow

The World’s largest Precious Metals Refineries

The World’s largest Precious Metals Refineries

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  • author Torgny Persson
  • Comments 9 Comments

There are many precious metals refineries throughout the world, some local to their domestic markets, and some international, even global in scale. Many, but by no means all, of these refineries are on the Good Delivery Lists of gold and/or silver. These lists are maintained by the London Bullion Market Association (LBMA) and they identify … Continue Reading arrow

Infographic: The Chinese Gold Market

Infographic: The Chinese Gold Market

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  • author Torgny Persson
  • Comments 1 Comments

This Chinese Gold Market infographic guides you through the largest physical gold trading market in the world, China. An impressive 16,000 tonnes of gold are held within China’s borders. Did you know that the Chinese wholesale demand for physical gold was an astounding 2,596 metric tonnes in 2015? This was supplied by China mining more … Continue Reading arrow

Golden Stockpiles – The Key to Gold as a Store of Value and Safe Haven

Golden Stockpiles – The Key to Gold as a Store of Value and Safe Haven

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  • author Torgny Persson
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Much is written in the precious metals world about gold’s characteristics, as well as how the behaviour of the gold price allows gold to play the role of a unique financial asset that retains purchasing power over time, acts as a safe haven asset, diversifies risk, and provides hedging benefits. However, much of the material written … Continue Reading arrow

“How Safe is your Gold?” – Transcript of Speech by BullionStar CEO

“How Safe is your Gold?” – Transcript of Speech by BullionStar CEO

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  • author Torgny Persson
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The following is the transcript of a presentation made by BullionStar’s CEO Torgny Persson on 14 July 2016 to an audience at the FreedomFest conference in Las Vegas, USA: Liberty is Prevailing Freedom, ladies and gentleman. Freedom is the right to think, speak and act the way that we want. I think I speak for … Continue Reading arrow

Wrap-Up of BullionStar’s visit to FreedomFest 2016 in Las Vegas
Rand Paul’s keynote at FreedomFest 2016, and BullionStar’s interactive game
How Safe is your Gold?” – BullionStar CEO’s speech at FreedomFest

How Safe is your Gold?” – BullionStar CEO’s speech at FreedomFest

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  • author Torgny Persson
  • Comments 2 Comments

The first full day of the FreedomFest conference took place 14 July in Las Vegas, USA, an event at which BullionStar is attending and exhibiting. Conference proceedings took the form of general speaker and panel sessions in a large auditorium in the morning, and multiple breakout sessions of speakers and panel discussions in the afternoon. … Continue Reading arrow

BullionStar exhibiting at FreedomFest in Las Vegas

BullionStar exhibiting at FreedomFest in Las Vegas

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  • author Torgny Persson
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This week BullionStar is attending and exhibiting at a unique conference called FreedomFest in Las Vegas, Nevada. FreedomFest is the largest pro-liberty conference in the world and it has taken place annually in Las Vegas since 2002. The event was founded and is still organized by Mark Skousen. This year’s FreedomFest event runs from Wednesday … Continue Reading arrow

Bullion coin sales boost Mints' revenues - Inside BullionStar

Bullion coin sales boost Mints' revenues - Inside BullionStar

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  • author Torgny Persson
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The world’s major precious metals mints are currently riding high on the back of extremely strong global bullion coin demand and relatively buoyant gold and silver prices. These mints are predominantly run as commercial enterprises. The sheer scale of revenues that the US Mint, Royal Canadian Mint (RCM), Perth Mint and Austrian Mint have been … Continue Reading arrow

Gold & Brexit

Gold & Brexit

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  • author Torgny Persson
  • Comments 1 Comments

In what was an extraordinary day for global financial markets, and a day which will no doubt become legendary and enter folk memory in the UK and elsewhere, the electorate of the United Kingdom voted 51.9 % to 48.1% to leave the European Union. As the first count results began trickling in during the very … Continue Reading arrow

Saving in Gold vs. Investing in Gold

Saving in Gold vs. Investing in Gold

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  • author Torgny Persson
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There are differing views on choosing the optimal percentage of gold to hold in an asset portfolio. These different viewpoints depend on how one views gold. Those looking for a return on their money in currency terms perceive gold as an investment which they can sell at a currency price higher than what they bought … Continue Reading arrow

Currencies are Worthless

Currencies are Worthless

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  • author Torgny Persson
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16 June 2021 is exactly five years from today. What will the gold price be on 16 June 2021? Currencies are Worthless As the world’s fiat paper currencies have lost 99% or more of their purchasing power over the last 100 years, its critical to understand that fiat paper currencies are not a suitable unit … Continue Reading arrow

Offshore Bullion Storage or 3 eggs?

Offshore Bullion Storage or 3 eggs?

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  • author Torgny Persson
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What does one hundred trillion dollars buy you? How about a mansion in every country, an airplane at every airport and a private island in every ocean? How about 3 eggs? When Zimbabwe issued its infamous 100 000 000 000 000 dollar bill, it could buy 3 eggs on the day it was issued. A … Continue Reading arrow

Infographic: COMEX Gold Futures Market

Infographic: COMEX Gold Futures Market

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  • author Torgny Persson
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This COMEX Gold Futures Market infographic guides you through the largest gold futures market in the world, COMEX. Did you for example know that only 1 in 2500 contracts on COMEX goes to physical delivery whereas the other 2499 contracts are cash-settled? This corresponds to a delivery percentage of 0.04% of all gold contracts. The US … Continue Reading arrow

Infographic: London Gold Market

Infographic: London Gold Market

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  • author Torgny Persson
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This London Gold Market infographic guides you through the secretive OTC wholesale gold market in London. The London Gold Market is the largest gold market in the world and the volumes traded are staggering. The London Market serves as a price discovery market for the worldwide gold spot price and is home to the London Bullion … Continue Reading arrow

Gold Vault Profiles

Gold Vault Profiles

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  • author Torgny Persson
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Many topics in the world of gold are opaque and secretive, none more so than the famed gold vaults of the world’s major central banks and their bullion banking counterparts. BullionStar Gold University is now bringing transparency to this intriguing yet under-reported area by profiling the largest and most important of these gold vaults. According … Continue Reading arrow

新加坡贵金属市场行情 - 投资储藏黄金白银新的好地方

新加坡贵金属市场行情 - 投资储藏黄金白银新的好地方

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  • author Torgny Persson
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每当谈到东南亚首屈一指的金融以及财富管理中心,就一定会提到新加坡这个国家。我们观察一下新加坡所佔的一些优势,其实不难看出其中的原因。这些优势包括了强力的政府支持,优越的地理位置,较低的犯罪率,世界级的基础设施, 和中立友善的政治方针。... Continue Reading arrow

Silver Bullion in Singapore

Silver Bullion in Singapore

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  • author Torgny Persson
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Singapore is one of the best jurisdictions in the world for buying silver bullion. Both silver coins and silver bars are exempted from GST in Singapore. For physical silver bars the criteria is that the silver bar has to be produced by an LBMA-approved refinery and be of a minimum purity of 99.9% silver. For … Continue Reading arrow

BullionStar’s visit to the World Money Fair in Berlin

BullionStar’s visit to the World Money Fair in Berlin

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  • author Torgny Persson
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In early February, I visited the World Money Fair in Berlin with a number of BullionStar executives, namely, Torgny Persson, CEO of BullionStar, Luke Chua, COO of BullionStar, and also Michael From, CEO of Liberty Silver in Sweden, a company founded by Mr Persson. The World Money Fair is the world’s leading numismatic and precious … Continue Reading arrow

Oil & US Dollar & Gold

Oil & US Dollar & Gold

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  • author Torgny Persson
  • Comments 6 Comments

In the midst of upwards trending oil prices a decade ago, a US senate committee recommended actions to curb the high oil price to mitigate the negative effect on growth. Ok, great, the oil price went from north of USD 140 in 2008 to around USD 30 now. But now, mainstream economists are disappointed that … Continue Reading arrow

Gold Trends 2016

Gold Trends 2016

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  • author Torgny Persson
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Let’s look into the crystal ball to see what 2016 – The Year of the Monkey – has in store for us when it comes to the gold market. Gold Price What will the price of gold be at the end of 2016? Will it dip under USD 1,000/oz? To answer that question, we first … Continue Reading arrow

BullionStar Financials 2015 – The Year in Review

BullionStar Financials 2015 – The Year in Review

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  • author Torgny Persson
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2015 was a momentous year for BullionStar with sales revenues totaling SGD 89.6m*, a 69.1% increase from 2014. 2015 also marked the first full calendar year in operation for our unique bullion retail shop, showroom and built-in vault which was launched in July 2014. In 2015, we increased our product range to include over 370 … Continue Reading arrow

Amazing Gold Videos

Amazing Gold Videos

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  • author Torgny Persson
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Uncertainty in the Chinese economy and sliding stock markets has dominated the financial news as of late. While the stock markets are sliding, gold and silver prices are up a few percent since the start of the year. So in the midst of all this, we thought it would good to remind ourselves of the … Continue Reading arrow

Chinese Gold and Silver Pandas 2016

Chinese Gold and Silver Pandas 2016

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  • author Torgny Persson
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The much awaited Chinese Gold and Silver Pandas for 2016 have now been released! Last year, the manufacturer, China Gold Corporation, surprised collectors with their decision to remove the weight and purity inscription on the reverse side of the coin. For this year’s edition, China Gold Corporation once again surprised by revising the weight distribution of the coins. … Continue Reading arrow

The Real Ponzi Scheme

The Real Ponzi Scheme

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  • author Torgny Persson
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BullionStar was founded on the belief that precious metals generally, and gold specifically, has a central role in the monetary sphere. Gold is rare, beautiful and has superior metallic characteristics to other metals. Furthermore, gold is durable, portable, divisible, fungible and possesses intrinsic value. This has led to gold being used as money throughout most … Continue Reading arrow

Cashless society, negative interest rates and hyperinflation – part 1

Cashless society, negative interest rates and hyperinflation – part 1

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  • author Torgny Persson
  • Comments 5 Comments

If you’d suggested just a few years ago that we’d soon be living in a global economic landscape in which an increasing number of central banks would have their interest rates set to zero, or even negative, most people would have thought you where outright mad. What seemed crazy and absurd then is reality now in an … Continue Reading arrow

Back to Basics: ETF Gold 101

Back to Basics: ETF Gold 101

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  • author Torgny Persson
  • Comments 0 Comments

By Luke Chua, BullionStar     What are the key differences between buying ETF Gold and physical Gold? A Gold Exchange-Traded Fund (ETF) attempts to track and ‘mirror’ the price performance of gold bullion by holding gold bars or derivatives and issuing shares backed by their holdings of physical metal or derivatives. A Gold ETF, like GLD, has their shares sold in... Continue Reading arrow

BullionStar Financials FY 2015 – Year in Review

BullionStar Financials FY 2015 – Year in Review

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  • author Torgny Persson
  • Comments 2 Comments

BullionStar reported sales revenues of SGD 63.4 for FY 2015, up 43.8 % compared to FY 2014. The infographic below shows some of the highlights of the BullionStar’s financial year 2015. Continue Reading arrow

BullionStar featured on Channel 8 News!

BullionStar featured on Channel 8 News!

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  • author Torgny Persson
  • Comments 0 Comments

The price of both gold and silver has fallen substantially during the last few weeks. This has ushered in a waive of physical gold and silver buying, with very large volumes and a lot of first time customers. When the largest channel for the mandarin speaking public in Singapore, Channel 8, made a news coverage … Continue Reading arrow

The misinterpretation of money

The misinterpretation of money

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  • author Torgny Persson
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In its simplest form, money is a substitution for barter to make trade more efficient (formally: medium of exchange) but money is also a means for generating production by allowing for saving and investment (store of value) and for accounting and reconciliation (unit of account). Different economic schools view money differently. Even for the doctrines advocating … Continue Reading arrow

The Difference in Paper and Physical Gold and Silver in times of Crisis

The Difference in Paper and Physical Gold and Silver in times of Crisis

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  • author Torgny Persson
  • Comments 3 Comments

The Past Fortnight It has been a tense, volatile and dramatic fortnight to say the least. In fickle fashion, Greece went from ‘No!’ to ‘Yes!’ with the terms of the deal seemingly less in their favour then before. In volatile fashion, the Shanghai Composite Index crashed and “recovered" when the Chinese government tighten margin requirements for … Continue Reading arrow

Gold Price & Gold Demand

Gold Price & Gold Demand

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  • author Torgny Persson
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This interview with Torgny Persson and Gustav Andersson from BullionStar was conducted by the Singaporean blogger SG Wealth Builder 8 July 2015. Question: In view of the emergence of China as the leading producer and importer of gold bullion, what do you think would be the implications for the global markets and how should investors in … Continue Reading arrow

Oxi (No) is the vote – Increased demand for physical gold

Oxi (No) is the vote – Increased demand for physical gold

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  • author Torgny Persson
  • Comments 4 Comments

PRESS RELEASE 6th July 2015 For immediate release Singapore: Demand for physical gold has increased significantly in the last week leading up to the Greek referendum and is expected to continue to increase following Sunday’s outcome of the referendum with 61 % voting No. Mr. Torgny Persson, CEO of BullionStar Pte Ltd says: ”Demand for … Continue Reading arrow

Gold replacing the US Dollar as reserve asset

Gold replacing the US Dollar as reserve asset

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  • author Torgny Persson
  • Comments 0 Comments

The title to this blog post may feel contradictory as the US Dollar has appreciated against all other major currencies during the last year. One year ago, it took 74 euro-cents to buy one US Dollar, today it takes 89 euro-cents. Source: BullionStar Charts The US has for most of the last half century been … Continue Reading arrow

Back to Basics: Debt 101

Back to Basics: Debt 101

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  • author Torgny Persson
  • Comments 1 Comments

Debt makes the world go round – Anon. Money at present, as we covered in the previous chapter, is merely a debt that a government owes you that can be used to pay for another debt of your choice. Now, if money – the basic medium of all transactions – is debt, what happens when this translates into something a bit more … Continue Reading arrow

Interview Koos Jansen, Torgny Persson and Ronan Manly

Interview Koos Jansen, Torgny Persson and Ronan Manly

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  • author Torgny Persson
  • Comments 0 Comments

Interview with BullionStar’s three bloggers, Mr. Koos Jansen, Mr. Ronan Manly and BullionStar’s CEO, Mr. Torgny Persson, sharing their opinions of the current monetary system, gold and central banks. Koos Jansen Torgny Persson … Continue Reading arrow

Back to Basics: Money 101

Back to Basics: Money 101

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  • author Torgny Persson
  • Comments 0 Comments

Money’s a matter of functions four, A Medium, a Measure, a Standard, a Store. – William Stanley Jevons, Money and the Mechanism of Exchange (1875) As this simple poetic stanza rolls off your tongue in military-like cadence, it encapsulates the very definition of money with unrivaled precision and simplicity. This is Money 101. Money is: 1. A … Continue Reading arrow

What to make of the staggering US trade deficit?

What to make of the staggering US trade deficit?

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  • author Torgny Persson
  • Comments 0 Comments

March 2015 Data When the imports and exports figures of March were released, the world was taken aback when the United States announced that their trade deficit has ballooned $51.4 billion, a 43% increase from February, where the deficit was “only" $35.9 billion. Though there was a slight jump in exports, from $186.2 billion to … Continue Reading arrow

FRB Bail-ins: You don’t own your money

FRB Bail-ins: You don’t own your money

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  • author Torgny Persson
  • Comments 5 Comments

Bank deposits The account balance on your bank account is known as a demand deposit. Under our Fractional Reserve Banking (FRB) system, your deposits are used by the banks to leverage lending. What most people think of as their account balance is actually something very different. Many people mistakenly believe that their account balance shows how much they own. … Continue Reading arrow

Introducing FreeGold

Introducing FreeGold

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  • author Torgny Persson
  • Comments 56 Comments

In my last post, US Dollar as Reserve Currency – Credibility Inflation, I briefly touched on a few ideas relating to FreeGold such as the demand for the US Dollar as a savings instrument temporarily propping up the fiat/debt/money system. What is FreeGold? FreeGold is not a single theory but an understanding of how past events have formed a … Continue Reading arrow

US Dollar as Reserve Currency – Credibility Inflation

US Dollar as Reserve Currency – Credibility Inflation

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  • author Torgny Persson
  • Comments 1 Comments

US Dollar as Reserve Currency In my last post, I discussed and compared different bank reserve systems. With the introduction of the US central bank, the Federal Reserve, in 1913, banks started to take larger risks expanding credit as they knew the central bank was backstopping them. With the monetary ties to gold severed in … Continue Reading arrow

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