Monetary Metals, a pioneer in gold-based financial solutions, has achieved a historic milestone by completing a gold bond sale worth 4,774 ounces, equivalent to approximately $12 million USD. This marks the first instance since 1933 that a non-mining company has raised debt denominated in gold, setting a new precedent in the financial world.
The bond, with a 3-year term, offers investors a 6% annual interest rate, paid in physical gold. The proceeds will be used to expand Monetary Metals’ Gold Yield Marketplace®, a platform designed to connect gold investors with businesses that utilize gold.
Keith Weiner, Founder and CEO of Monetary Metals, emphasized the significance of this achievement:
“This bond represents a historic turning point in the financial world. By raising debt denominated in gold, we are showing that businesses can harness gold’s unparalleled value, stability, and productivity. Investors want to grow their wealth with gold, not just preserve it.”
Monetary Metals has been paying interest on gold and silver through its leasing and bond programs for over eight years. This bond issuance underscores the company’s mission to provide innovative financial solutions anchored by the enduring value of gold.
“This bond is not only a critical step in our own company’s growth but a clear example of how gold-denominated financing can work in the modern era. We’re proud to be the first non-mining company in nearly a century to make this happen,” Weiner added.
Initially targeting 2,000 ounces, the bond saw overwhelming demand, raising over 4,700 ounces. The strong interest signals the market’s appetite for gold-denominated investments, particularly in uncertain economic times. Investors included high-net-worth individuals (HNW), ultra-high-net-worth individuals (UHNW), and family offices.
Monetary Metalscontinues to lead the way in gold finance by offering a Yield on Gold, Paid in Gold to investors and simplified gold financing solutions for businesses through its Gold Yield Marketplace. This platform enables both sides to save, earn, and fund production using gold, driving innovation in the gold market. The company’s market analysis and proprietary tools, such as gold forward rate charts, are trusted globally by gold investors and businesses.
Monetary Metals is revolutionizing gold’s potential by providing investors with a Yield on Gold, Paid in Gold and offering streamlined Gold Financing solutions to businesses that rely on gold, such as mints, miners, refiners, and jewelers. Through its innovative Gold Yield Marketplace® platform, the company connects investors and gold-using businesses, enabling them to save, earn, and finance operations using gold. Additionally, Monetary Metals’ in-depth market analysis and proprietary tools, including gold forward rate charts, are widely utilized by gold investors and businesses across the globe.
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