Would you like to receive a percentage of your salary in gold? Yes I do!
I’m working for the first company in Singapore, BullionStar.com, that offers its employees to be paid in gold or silver. Any BullionStar employee – an economic agent that is free to choose to whatever he or she wishes to allot value – can choose what percentage of its renumeration will be settled in bullion.
Of course, everyone working for any company can choose, once it has received its fiat salary, to exchange a percentage of the salary for gold. However, my employer facilitates the automation of this process; effortless and effectively. By this arrangement both me and my employer are acknowledging gold as money. Just as the Chinese government.
As I’m convinced gold will be part of a future monetary system, because a debt based monetary system is by definition not sustainable, along this scenario it can be no different than from where we are now developments as receiving a percentage of salary in gold are natural steps prior to a monetary transition.
Hat tip to Torgny Persson for this great initiative. I hope it will inspire more companies to follow suit. This wouldn’t be unlogic for companies in Asia where many people recognize gold for its monetary value, in contrast to the West. Asians tend to hold gold for the long term, to preserve family wealth, not for short term speculation.
16th October 2014
For immediate release
Employees paid in Gold & Silver
SINGAPORE: 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.
Ms Dawn Kor
Telephone: 6284 4653