Buying and Storing Metals Offshore

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#1 Mon, May 14, 2012 - 12:01pm
KiniK
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Toronto,
Canada
Joined: Jun 15, 2011
20
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Buying and Storing Metals Offshore

I'm sure that some of you know that there is commentators out there that have begun to advocate owning some of your bullion and other financial assets outside of the country and even an exit plan in case as financial and maybe political oppression set in beyond what is tolerable.

If anybody has any ideas on how to move financial assets like cash but more importantly buy and store precious metals in a way that you don't have to physically take the metals with you I would be curious to know. I am not talking about anything illegal of course but short of having family who live outside the country who can hold it for you, what options are there?

The less the options require the banking system especially banks I deem at risk like HSBC, UBS, etc.

I was thinking that maybe a service like James Turk's GoldMoney might be an option but I haven't ascertained what the costs are.

I was also thinking that maybe Singapore or Hong Kong might be good places to buy and store metals but I am in the initial phases of researching this.

Edited by: KiniK on Nov 8, 2014 - 5:30am
Thu, May 24, 2012 - 3:17pm
bratlever
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CALIFORNIA CITY, CA
Joined: Jan 22, 2012
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I've been ruminating over the

I've been ruminating over the same. Switzerland looks to be the most consistent answer for safe storage. The battle, then, is the cost of storage. If it was "too the moon Alice", then the fees wouldn't matter, but that clearly hasn't been the case recently. For gold storage the most inexpensive solution from my research has been BullionVault. I have not seen major negatives with them to this point. I do not have a relationship with them as yet. I am looking at silver storage as well, but have not found anything to my liking.

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