Offshore Gold Storage
There’s a War on Cash
Western governments are quickly digging themselves out of debt these days, countries are waging war on cash, and people are turning to gold and other precious metals such as silver and platinum. This page shows you how to protect your gold in an emergency, such as an earthquake, a natural disaster or even a terrorist attack. Many investors are rushing to set up Offshore Gold Storage.
Precious metals have been around for thousands of years and there are a number of methods that have proven their ability to accumulate and protect your assets via strategic wealth preservation. However, buying and storing a hard asset in your home country is hardly a sensible strategy and a sure fire way to jeopardize your investment. Most Governments are able to confiscate gold legally, and many such as the United States have history of doing so.
There is much more to say about buying gold and why it is a strong investment opportunity, but where on earth should I invest it? It is worth protecting yourself, and there is no better way to hedge against the Government and its money printing machine than with gold. And there’s no better place to hoard it than in offshore gold storage facilities that are out of reach of the Government and their greasy, outstretched palms.
Storage of Gold
To ensure that you take full advantage of investing in precious metals, you need to think carefully about where you store them. The real headache is the lack of suitable storage facilities for gold, silver and other precious metals.
Storing gold at home, or in a bank vault in your home country means you lose sight of it, and you can lose it physically, you could burn down your house or you could be in the middle of a house robbery. If you have coins, it may be time to rethink your gold preservation strategy, as domestic gold storage solutions are barely scalable and gold is simply not protected either in a home or a bank vault. This is where offshore gold storage really delivers the most value.
Crypto or Gold?
While cryptocurrencies are hot at the moment, there is still plenty of room for gold in a diversified portfolio. A small amount of gold off the coast could prove a great addition to your diversified portfolio.
Diversification outside your cryptocurrency holdings is one of the main reasons for buying gold, and security is usually the second most important factor when buying gold. Cryptos are not private, and their value rises and falls when everyone learns about the viability of new potential currencies. There is no easy banking system and you cannot cash out at any time, unlike the ease by which you cash in your gold or other assets such as stocks, bonds or bonds.
Offshore Gold Storage
You must protect your real assets from the greedy hands of the government and the gold confiscations. You may have heard of the 1930’s gold confiscation that Franklin D. Roosevelt conducted, but if you want your assets to be protected, you must look towards offshore gold storage.
Investing in gold is like hedging against debt, but more importantly, now is the time to hide your assets from the government, making sure it’s safely hidden in private hands and off the coast. Gold and silver are hard to freeze and much harder to seize.
It makes sense to store your gold in a secure offshore safe deposit box because it eliminates the risk of theft, and the possibility of a robbery or attack on you or your family.
Which Offshore Gold Storage
When it comes to where exactly you store your hard assets abroad, a private safe, monitored by high security measures, is a good choice. Gold storage rooms can range from James Bond-calibre security bunkers to high-quality gold storage facilities.
The good news is that you have a choice when it comes to offshore gold deposits, but how do you decide which? The bad news is that you are likely to be paralyzed by the many options, as there is so much information about the various options available to you.
Offshore Gold Storage Singapore
Not all offshore gold storage is equal, and the best countries will vary according to personal circumstances. Overall, Singapore is one of the best places in the world to store your gold abroad. Singapore has been doing well in terms of safety, security and reliability in recent years.
It is a tiny country that does really well on the global stage, and it also has one of the largest gold and silver markets in the world, with reserves of over $1.5 trillion. Overall, Singapore has done a great job of attracting wealth and deposits from established centers such as London, New York, Tokyo, Hong Kong and Singapore.
Singapore is not the only place that offers high-quality gold storage, but it is one of the best in the world. Those who seek anonymity will find anonymous gold storage in Austria. Another advantage is that you do not have to report your offshore gold and silver stored by a US citizen to the IRS.
However, the usual caveats apply and it is better to be 100% legal and to report it than to risk fines and other penalties, so always consult your legal adviser.
If you want to store your gold and silver abroad, you should be sure to have a few gold coins at hand. If you travel a lot and want to take gold as insurance, you should definitely check what the gold looks like. Many treat gold as the cash equivalent, but if you’re traveling a lot, it’s worth checking your destination country’s attitude to it.
Creating Your Offshore Gold Storage Strategy
If you’re ready to invest $50,000 or more, it’s worth having a private vault company with a full-service offering:
- A private account manager
- Better pricing
- Lower storage fees
When you’re storing even more substantial amounts (think $250k-$1 million range), you’ll probably want to set up a portfolio of vaults. Even though having your gold in two or three vaults won’t be as convenient as having it all in one place, it boosts your privacy and asset security – a worthwhile sacrifice.
The one thing you must be absolutely sure to do is to keep your gold out of banks. Any and all kinds of banks.
Alexander Bentley leads Remedy Investments™ a private equity fund specializing in operational real estate. Remedy Investments™ has significant expertise in developing Luxury ApartHotels across Europe and the wider APAC region.
Alexander Bentley is the creator & pioneer behind Remedy Wellbeing Hotels & Retreats. Under his leadership as CEO, Remedy Wellbeing Hotels™ received the accolade of Overall Winner: International Wellness Hotel of the Year 2022 by International Rehabs.
Because of his incredible work, the individual luxury hotel retreats are the world’s first $1 million-plus exclusive wellness centers providing an escape for individuals and families requiring absolute discretion such as Celebrities, Sportspeople, Executives, Royalty, Entrepreneurs and those subject to intense media scrutiny.