Gold Investing Requires Gold Storage
Why Do People Store Gold Offshore?
Opinion on gold storage is extremely polarized. Almost exactly half of the world’s gold buyers strongly prefer to store gold at home, because they trust domestic property rights, while the other half strongly prefer to store it abroad. Surprisingly this ratio is consistent regardless of which country people live in.
We have noted on this site the dangers of storing gold at home, and personally prefer secure vaults instead. It is the ever increasing desperateness of governments to fleece its citizens of their wealth via confiscatory taxation and exchange controls to temporarily solve their problems of profligate spending and corruption that tip the scales towards storing that wealth in gold offshore.
This is why many offshore gold storage providers offer a storage option in multiple separate jurisdictions: Britain, Switzerland and the USA – and recently even Singapore (Singapore has since become the #1 most popular location for new purchase of metal for offshore storage). This gives European and American buyers a domestic storage option and everyone a choice of at least two foreign storage locations.
At BullionVault, for instance, you can switch between vaults in a few seconds, by selling in one and buying in another [you can only do this where settlement is instantaneous, as it is on BullionVault]. And because all our vaults are operated by vault operators you can also arrange for shipments of whole bars direct from vault to vault.
These are some of the ways in which BullionVault has been set up to give you the storage flexibility you need to stay secure.
We believe increasing economic imbalances pose a significant threat to personal wealth. It is for you to judge the threats to your wealth, the alternate strategies, and the potential benefits of gold, and to decide for yourself what to do. If you make the decision to buy gold we are here to help you find the best value for both your purchase and your ongoing secure storage, and to see that it is you who benefits if your decision to own gold is a good one.
Spreading your Gold investment holdings out among multiple jurisdictions has little to no cost and could become a strong benefit one day.
We believe BullionVault to be the lowest cost and most convenient offshore gold storage program available. They are currently offering visitors of BuyAndStoreGold.com 4 free grams of silver when they open a FREE account. Click here to claim your free silver
