How to store gold anonymously ?
- Thread starter troubled soul
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It's against the law to a dig hole and bury something in National Park ! And don't forget about angry grizzly bears. Better to buy land and do it there.
Das Safe in Vienna does not sell gold or anything else; all they do is rent boxes. You bring your own gold and can put as much gold as you can fit into the box and there's different size boxes.. You get $50K insurance included and can increase this amount.
That's not bad... and you don't have to provide any KYC - you simply walk in there and pay for the box and store your gold? No names, no nothing to provide?
Looking at their website:
https://www.dassafe.com/en/
Looking at their website:
https://www.dassafe.com/en/
See posts # 18. 19 and 20 in this thread. They stopped offering no name boxes earlier this year. Still, having a box in Das Safe full of gold is not reportable under FBAR or FATCA. And Das Safe isn't a bank or financial institution to do CRS I believe.
Das safe changed a lot, they are very old school, I remember them having a very old clunky website that were barely functional lol, glad to know they are still in business.
back to topic, storing gold anonymously can be done if you want, specially in Asia (Singapore, HK...etc) where you can create a company with a nominee director in a reputable jurisdiction and buy gold/bullion under this company (obvious offshore 101 method, but hey it still works!), then you can buy gold and store it in places like le Freeport in Singapore (by using a service like sgpmx for example), or buy it and︀ store it directly in the dealer's vault (like bullionstar).
I already store a lot︁ of bullions and other collectibles like (Art, wine, Turkish silverware....etc) in le Freeport and other︂ areas around the world, and I keep a couple of gold coins in my homes,︃ and that's what I recommend every one to do, if you have a large amount︄ of collectibles, don't go nuts and start digging in your backyard like a horny rabbit,︅ but be sensible and keep a couple of coins in your home just in case︆ and store the rest in a safe place where it will be monitored 24/7 and︇ secured in a temperature-controlled military grade storage/vault.
bottom line, be cautious, but don't be over︈ paranoid, otherwise, you won't be able to sleep well at night 🙂
back to topic, storing gold anonymously can be done if you want, specially in Asia (Singapore, HK...etc) where you can create a company with a nominee director in a reputable jurisdiction and buy gold/bullion under this company (obvious offshore 101 method, but hey it still works!), then you can buy gold and store it in places like le Freeport in Singapore (by using a service like sgpmx for example), or buy it and︀ store it directly in the dealer's vault (like bullionstar).
I already store a lot︁ of bullions and other collectibles like (Art, wine, Turkish silverware....etc) in le Freeport and other︂ areas around the world, and I keep a couple of gold coins in my homes,︃ and that's what I recommend every one to do, if you have a large amount︄ of collectibles, don't go nuts and start digging in your backyard like a horny rabbit,︅ but be sensible and keep a couple of coins in your home just in case︆ and store the rest in a safe place where it will be monitored 24/7 and︇ secured in a temperature-controlled military grade storage/vault.
bottom line, be cautious, but don't be over︈ paranoid, otherwise, you won't be able to sleep well at night 🙂
Switzerland and Europe have no options to store your collectibles anonymous you will have to go to HK and Singapore, is that waht you say?
Wonder how you will bring 1 - 5 KG Gold to HK if you live in Europe? Same if you have say 30K - 50K Euro in cash.
Wonder how you will bring 1 - 5 KG Gold to HK if you live in Europe? Same if you have say 30K - 50K Euro in cash.
exactly what I thought. Also considering that you have to carry the collectibles with you makes it almost impossible.
Yes
Yes you do but only to customs, and they don't ask for the UBO when you pass through them, meaning that you still can get relative anonymity by utilizing a simple offshore company setup with a nominee director.
No custom (import/export) taxes, no vat, no limit on the amount of gold that you can carry in and out of the country (similar to HK in that regard), Switzerland in the other hand, gold with (995/1000 purity) is exempt from︀ vat, while gold with less purity, silver and other bullions are taxed at 8% (if︁ I remember correctly), customs some time hold your gold for further examination to test the︂ gold's "authenticity", plus you are restricted to the amount of gold that you can bring︃ (I think you can only bring 1m worth of gold) so yeah, I would chose︄ SG or HK over Switzerland any day everyday.
Yes you do but only to customs, and they don't ask for the UBO when you pass through them, meaning that you still can get relative anonymity by utilizing a simple offshore company setup with a nominee director.
No custom (import/export) taxes, no vat, no limit on the amount of gold that you can carry in and out of the country (similar to HK in that regard), Switzerland in the other hand, gold with (995/1000 purity) is exempt from︀ vat, while gold with less purity, silver and other bullions are taxed at 8% (if︁ I remember correctly), customs some time hold your gold for further examination to test the︂ gold's "authenticity", plus you are restricted to the amount of gold that you can bring︃ (I think you can only bring 1m worth of gold) so yeah, I would chose︄ SG or HK over Switzerland any day everyday.
There's no limit on how much gold you can bring into Singapore︄ BUT:
"If you are hand-carrying Investment Precious Metals (IPMs) for personal use, please take note︅ of the following:
"If you are hand-carrying Investment Precious Metals (IPMs) for personal use, please take note︅ of the following:
- You are not required to take up a Customs permit for the︆ importation of IPMs of a total weight not exceeding 0.5 kilogrammes.
- You are required to︇ take up a GST relief permit before the importation of IPMs of a total weight︈ exceeding 0.5 kilogrammes. The GST relief permit must be presented at the checkpoint for clearance.︉"
Not necessarily true, this is old news, if you use SGPMX stackermarket service, you can sign up with them with a personal or corporate account, and then make a transfer request and they will transfer your bullion from anywhere around the world (via their partners like brinks, loomis..etc), and once your account gets credited with your bullion, you can then redeem it and you can collect your gold yourself or make them deliver it to your preferred address (you can also︀ trade your gold, get a loan on it...etc if you want to). so it's not︁ impossible.
You are correct, for more than half a KG you are required to acquire the relief permit via the custom's tradenet portal. It's not hard to do︀ if you want to do it yourself, but putting the wrong info is an offence︁ and will attract penalties, so it's better to do it via reputable logistic company who︂ would take care of the customs side for you.
Having said that, I would still︃ choose Singapore over the old school, old money Switzerland
Having said that, I would still︃ choose Singapore over the old school, old money Switzerland
Any idea what the rules are for hand-carrying gold out of Singapore? Do you need to declare; do you︀ need some type of permit; how many kg can you take?
Yes
Yes. Export permit, but as I said earlier, it's easier to do it by using a reputable logistics company, you can find the list of reputable agents here (logistics) and here (Air cargo). and it can also be issued by the dealer that you bought gold from from (or store gold with) like silverbullion for example (read).
There is no weight limit in the amount of gold that you︀ can bring in and out of the country.
Yes. Export permit, but as I said earlier, it's easier to do it by using a reputable logistics company, you can find the list of reputable agents here (logistics) and here (Air cargo). and it can also be issued by the dealer that you bought gold from from (or store gold with) like silverbullion for example (read).
There is no weight limit in the amount of gold that you︀ can bring in and out of the country.
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