Switzerland springs to mind almost immediately because it has historically been, and continues to be, a safe haven jurisdiction for investors and institutions alike. recommends this list of the top jurisdictions to store precious metals worldwide.
No need to wait for the bank to open.Īs we have discussed, there are many criteria to consider when deciding where to store Gold and Silver, and other precious metals, in addition to diamonds, jewellery, fine art, and any other valuables. They also have processes in place to allow you access to your holdings, so that you can liquidate or transport them whenever you need. Furthermore, they typically anticipate the needs of precious metals investors, such as offering insurance coverage and authentication through chain of custody verification. Specifically to private vaults – they are often equipped with security that surpasses that at traditional banks. That is, minimal or no taxes as well as minimal bureaucracy for personal asset transportation. If you are moving gold or other precious metals into or out of a country, it is also helpful if their tax and import/export regulations are friendly to bullion investors. Furthermore, this may mean that there is already a good logistics infrastructure in place for you to move your holdings when needed. Those jurisdictions that are amenable and active in trading will likely have a well-established storage sector as well, usually with the latest in safety and security features. As you choose investments in different countries, you may want to store your precious metals in different locations as well.įor the country selection, you may want to consider how liquid that country’s precious metals market is. You may want to choose a vault in another country than where you currently reside for physical diversification. While each individual investor may have specific needs for their storage location, there are some general criteria that should impact all decisions. There are many reasons why private vaults in certain offshore locations are the best choice for your physical gold or silver storage. recommends private vaults as the best option for your bullion bars or coins in the following jurisdictions to be discussed in this article. Furthermore, to keep your physical gold or silver safely secured and yet accessible, you need more than a safe deposit box at the bank around the corner as they will most likely not insure items kept in them.
If you have substantial holdings, a home or office safe may not be the most secure location, and you may face issues with insurance and with chain of custody when you need to authenticate your bullion for future transactions.
Owning such precious metals provides financial stability beyond other investments, and part of this peace of mind comes from storing your holdings in the best location possible. It offers immediate liquidity and great diversification unlike other assets while protecting wealth to ensure investors’ and their families’ financial health for generations to come. Physical gold and silver, as well as other precious metals, in coin, bar, ingot, tael, and any other bullion form, has been an important part of prudent investors’ portfolios for generations. Top 5 Jurisdictions to Store Gold and Silver
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