Gold and precious metals are proven investments, yet like any valuable asset they must be protected against theft, natural disasters and corrosion.
Storing gold overseas provides numerous advantages. One benefit is keeping assets out of reach of your government’s gold confiscation scheme, while protecting investments against frivolous lawsuits.
New Zealand
An offshore storage solution for gold investors offers numerous advantages. Primarily, it protects investments from government seizure while also guarding against collapsed financial systems, bank runs, hyperinflation and hyperinflation. Finally, offshore storage solutions are safer alternatives than keeping precious metals stored at home where they may be vulnerable to theft.
An offshore company not only offers top security standards but can also provide additional privacy protections that may come in handy for Americans concerned about government confiscation of their assets; furthermore, your gold investment won’t need to comply with reporting requirements that would apply domestically.
BullionStar has partnered with an operating vault in New Zealand that offers top-tier security and service, consistently ranking near the top globally in terms of economic freedom, rule of law, property ownership rights and low levels of corruption – an ideal environment for physical precious metals storage as part of an effective wealth diversification plan.
Switzerland
Switzerland is becoming an increasingly popular option among investors looking to store gold overseas due to its premium facilities and secure storage solutions.
Switzerland, known for valuing personal liberty, boasts an enviable record of political neutrality and stability. Furthermore, investors find the country attractive with data privacy laws and low levels of taxation.
Switzerland has long been known as an ideal place for the safe storage of precious metals due to its legal system, in which 26 partly sovereign cantons act as constitutional authorities and serve as constitutional judges. Because of this system, imposing punitive taxes or confiscating private assets becomes almost impossible under Swiss law; additionally, as the nation refines approximately 70% of global gold production it has an incentive to preserve this important industry and safeguard this vital industry. Furthermore, Swiss political pragmatism can be evidenced through votes against six-week paid vacation and EU membership; these factors all help secure precious metals assets while being kept secure under Swiss law.
Singapore
As mentioned above, many people store some or all of their gold assets at home or nearby in order to make them easily accessible. Unfortunately, storing all your precious metals at once at home could be risky, since burglaries might occur and receiving proceeds after selling bullion could take time.
Singapore, known for its commitment to private property protection, is an ideal location for storing gold overseas. Indeed, this city state has become an attractive option among Asian precious metal traders and wealth creators as an effective place for gold storage.
Consideration must also be given to how liquid the precious metals market in which the country lies when selecting one for gold storage. A busy bullion trading market usually indicates there is already an effective logistics infrastructure in place allowing quicker transport of your gold into and out of it.
Hong Kong
Many people worry about losing their gold to theft, so it is wise to store it with a company offering secure storage with strong privacy laws. Furthermore, diversifying your holdings by keeping some in different countries will provide peace of mind should any country experience economic turmoil.
Singapore and New Zealand are excellent options for storing gold overseas. Both nations boast world-class financial infrastructures with low crime rates that allow unrestricted cash flows into and out of their respective nations.
Hong Kong is an excellent choice for investors looking to protect their investments against inflation by keeping gold safe. This city features numerous private vaults and sophisticated wealth management services as well as multiple refineries with an excellent logistics infrastructure, making Hong Kong an attractive option.
