Apologies I thought I had closed this thread a long time ago. I am not offering loans.

Theres a small number of new PLATINUM accounts that were sent to me from GLBSE/Nefario in a "final" asset holder list recently - these have been paid. The couple without payment addresses have been emailed.

WOT - no..

A few new RAREEARTH accounts were sent to me recently in a "final" list of holders - all have been paid and those without payment address emailed..

The last GOLD accounts/asset holder details have now been paid out - there are a small number I received from Nefario/GLBSE without payment addresses whom I have emailed. The other new accounts which did have payment address have been paid. My understanding there are no more accounts and the list I have is final.

I received some SILVER accounts/asset holder details recently from Nefario which were new and have now been paid out - there are a small number without payment addresses which have been emailed. I have been informed there are no more accounts and the list I have is final.

Thanks Sarpar.

UPDATE: it has taken nearly 11 weeks to receive a list of RAREEARTH Asset holders from glbse - I have sent through a payment to all holders being 11 weeks of unpaid interest @ 0.93% plus the face/issue value of the assets held by each respective holder. The interest and principal are lumped into 1 single payment to make things a little faster. glbse indicated that there may be others - if so they will be paid out accordingly. No further interest will be payable beyond the current week. Thanks for your patience!

Hey people, by my calculation it has taken nearly 11 weeks to receive a list of PLATINUM Asset holders - good news is it has arrived, and I have now sent through a payment to all holders of PLATINUM Assets being 11 weeks of unpaid interest @ 0.88% plus the face/issue value of the assets held by each respective holder. The interest and principal are lumped into 1 single payment to make things a little faster. When I have time I will send a closing statement via email. glbse indicated that there may be others - if so they will be paid out accordingly and no further interest will be payable beyond the current week.
Thanks for your patience!

UPDATE: Hi all and sorry this has taken so long.

I received a list of SILVER Asset holders / number of assets held and respective btc payment addresses from glbse a few days ago. As of tomorrow (13 Dec 2012) it will have been 11 weeks since GLBSE shut down without notice. I have just paid out interest for that period and principal to all SILVER Asset holders I know of. The interest was calculated at 0.9% per week x 11. The principal calculated as 0.01 x Number of SILVER Assets (face/issue value x number of assets held). It was sent as one payment. The email from glbse indicated there may be others - any others I do receive will be paid out accordingly. NO interest will be payable beyond the current week. If I get time I will send a closing statement via email to each former SILVER Asset holder.

Thanks again to those who held SILVER Assets.

UPDATE: I received a list of GOLD Asset holders / number of assets held and respective btc payment addresses from glbse a few days ago. As of tomorrow (13 Dec 2012) it will have been 11 weeks since GLBSE shut down without notice. I have just paid out interest for that period and principal to all GOLD Asset holders I know of. The interest was calculated at 0.88% per week x 11. The principal calculated as 0.01 x Number of GOLD Assets (face/issue value x number of assets held). The email from glbse indicated there may be others - any others I do receive will be paid out accordingly. NO interest will be payable beyond the current week. If I get time I will send a closing statement via email to each former GOLD Asset holder.

Thanks to all those who have been patient (thats just about all of you!). For the time being I have no plans to continue the GOLD Asset in any form.

For those holding PLATINUM Assets: I am waiting on account details from Nefario so I can pay out the face value of the PLATINUM assets plus the two latest interest payments owing from the 4th and 11th of October.

UPDATE: For those holding RAREEARTH. I am waiting on account details from Nefario so I can pay out the face value of all RAREEARTH assets plus the interest payments owing from the 4th and 11th of October 2012.

UPDATE: For those holding GOLD Assets - your coin is with me. Once I have accounts details from Nefario I will pay out the face value of all GOLD assets plus interest payments owing for the dates of the 4th and 11th of October 2012. I have not heard from Nefario thus far.

UPDATE: For those holding SILVER Assets - your coin is with me. Once I have accounts details from Nefario I will pay out the face value of all SILVER assets plus interest payments owing for the dates of the 4th and 11th of October 2012. At the time of writing this I have not heard from Nefario ~hopefully it wont be too long.

Regarding verification: I submitted ALL my verification documents to Nefario a very long time ago.

No pictures. However if you would like a copy of the latest metal account statement, send me a PM with your email.

Location: ABC Bullion, Sydney, Australia

The silver is held as collateral and bitcoin raised invested in bitcoin denominated investments (a portion of my profits go to buying more physical silver for the security). The face value of each asset remains 0.01 BTC regardless of the price of Silver or Bitcoin. What changes is the ratio between USD value of Silver held as collateral, and the USD value of bitcoin issued in SILVER assets. If the USD value of the SILVER assets issued raises close to the USD value of silver bullion held as security - then either I buy more silver, or buy back a portion of SILVER assets. USD value of the SILVER assets raised should not exceed the USD value of the physical silver collateral.

Iḿ in Australia atm, similar timezone. My connection was terrible last Thursday 

Metals (Gold, Silver, Platinum & Palladium) are held in a secure allocated storage account at ABC Bullion Sydney, Australia. If you would like to PM me with your email I can send you the latest Metal Account Statement. The most recent statement is from the 20th of July 2012.

This is now closed. I've raised some funds, not all I hoped to but a useful amount and I've made new contacts. So very worthwhile. Thanks to those who have contacted me. I may be looking for similar structured fiat loans in the future - feel free to PM me anytime.

Hi @BitSense Informatics
Nice to see more BTC precious metals! I can't speak for others but personally very interested in leveraging the BTC price to buy physical Silver when the ratio is good. Maybe you could consider something like this..

Investors/Speculators buy contracts denominated in BTC, you hold the BTC in guaranteed interest earning deposits that you compound and build up. You maintain liquidity so you can withdraw the BTC whenever you need to buy physical metal. For example: I could guarantee you BTC liquidity at short notice with the SILVER, GOLD, PLATINUM or RAREEARTH assets on GLBSE. My metals assets would earn you at least 3.52% a month before compounding the weekly interest. BTC lenders will pay you 1% a week or more at the moment for BTC deposits that you could have on call also. The BTC investments your asset has could sit in escrow accounts which may add more confidence for your investors.

Assuming the BTC price goes through spikes (just assuming) the cost of ounces and kilos could start looking pretty attractive for anyone who has committed BTC while it is low. Working out the prices you quote may be tricky. Maybe contracts could be filled early if the price is met.. 1 BTC to 1 Troy Oz of Ag within 12 months  You never know! Interesting to see what you come up with. If I can help provide any part of the liquidity you may need let me know.