Silver Bullion

Singapore Dealer and Vault Operator at Millenia Walk and The Reserve

Silver Bullion Pte Ltd is a Singapore precious metals dealer and storage provider, founded in 2009 by Gregor Gregersen and incorporated on 29 April 2009 under UEN 200907537M. The company sells gold, silver, platinum, and palladium bullion to retail and institutional clients worldwide, with a registered principal activity covering the sale and buyback of gold and silver bullion, scrap, and doré.

The business operates from two premises in Singapore. A retail shop at Millenia Walk, 9 Raffles Boulevard, handles walk-in customers, and vault and operations are based at The Reserve, a six-storey facility at 6 Changi South Street 3 in Changi. Storage clients use the company's S.T.A.R. programme (Segregated, Title, Authenticated, Reporting), under which legal title to stored metal is held directly in the client's name and every item is authenticated before entering the vault using the company's DUX methodology, a non-destructive combination of density, ultrasound, and X-ray fluorescence testing. The company also runs a Bullion Secured P2P Loan programme that lets lenders earn returns against stored bullion held as collateral.

Silver Bullion is a member of the Singapore Bullion Market Association and chairs the SBMA Retail Gold Investment Committee, a body established with the World Gold Council to implement industry standards. On 2 June 2023 it became the first Southeast Asian affiliate member of the London Bullion Market Association. Singapore exempts investment precious metals from GST, so qualifying silver coins and gold bars are sold free of sales tax in the company's home market.

From the Lehman Collapse to The Reserve: Silver Bullion Since 2009

Gregor Gregersen was working as a senior data architect at Commerzbank in Frankfurt when Lehman Brothers collapsed in 2008. The experience convinced him to settle in Singapore and build a retail source for physical silver, something the city-state did not have at the time. Silver Bullion Pte Ltd was incorporated on 29 April 2009, its website was live by July of that year, and the company recorded roughly SGD 700,000 in sales in its first year.

Storage and authentication came next. The S.T.A.R. storage programme launched in 2011, allowing clients to hold precious metals outside the financial system with legal title in their own name. In 2012 the company developed DUX, its density, ultrasound, and X-ray fluorescence methodology for verifying the metal content of stored bullion without damaging it. In 2014 it opened The Safe House, a proprietary vault subsidiary purpose-built to Silver Bullion's specifications, with capacity for 600 metric tons of silver behind a Class I vault door and ISO 9001 certification for its quality management system.

In 2021 the company acquired a six-storey building at 6 Changi South Street 3 and named it The Reserve, planning a high-capacity vault and alternative asset centre. Recognition from the wider industry followed: on 2 June 2023 Silver Bullion became the first Southeast Asian company accepted as an affiliate member of the London Bullion Market Association, and by that year the Singapore Bullion Market Association cited deliveries of more than 764 metric tons of bullion since the company's founding.

The Reserve became operational in mid-2024. The 17,000 square metre facility can store up to 500 tonnes of gold and 10,000 tonnes of silver, and The Safe House's vault operations relocated into it in July 2024. Beyond bullion storage, the building houses testing and authentication labs for watches and industrial metals and supports the digitisation and collateralisation of physical assets. It was unveiled at the Asia Pacific Precious Metals Conference in 2024. In September 2025 a holding company, Silver Bullion Group Pte Ltd, was incorporated at the same Changi South Street address.