Offshore Gold Storage For Multimillionaires: What Are Your Options?
- Thread starter JohnLocke
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Re-read your original statement: "Government can confiscate it [gold] at any time." (Post #14)
That comment is literally insane. You are the one living in a paranoid fantasy world.
That comment is literally insane. You are the one living in a paranoid fantasy world.
Yes, because the gold was not taken from vaults in Switzerland, which was my original point.
In fact, any gold stored outside the U.S. was entirely safe at the time. Once again, that was my entire point, i.e., store your gold offshore in a safe jurisdiction, such as Switzerland.
The fact that you changed the narrative demonstrates the fallacy of your claims.
In fact, any gold stored outside the U.S. was entirely safe at the time. Once again, that was my entire point, i.e., store your gold offshore in a safe jurisdiction, such as Switzerland.
The fact that you changed the narrative demonstrates the fallacy of your claims.
Switzerland will seize your gold if they suspect money laundering sadly. Switzerland is simply not at all what it used to be for protection of assets especially if you are not a resident.
https://www.unian.info/politics/212...n-gold-as-part-of-money-laundering-probe.html
I would look at other countries outside Europe personally.
Switzerland seizes almost $105 mln in Ukrainian gold as part of money-laundering probe
https://www.unian.info/politics/212...n-gold-as-part-of-money-laundering-probe.html
I would look at other countries outside Europe personally.
people don't know history.
this article is VERY bad and like you mentioned US,Germany or even rest of EU storing gold must be the most stupid thing ever.
The question that 1933 has nothing to do with 2022 is even more stupid.
They will all awake and their money gone.....real estates with forced mortage and even stocks being confiscated easily because they are not under their names.
People really think countries which are totaly broke will uphold any standards to their citizens.
ROFL good joke
I guess in germany and many other countries you get registered when︀ buying gold over 2k euro because that amount is SOOOO BIG you could make serious︁ money laundering with it.
They surely don't register you to get it back once they︂ create the new monetary system based on gold like they did in 1933......hey who would︃ think such stupid things
this article is VERY bad and like you mentioned US,Germany or even rest of EU storing gold must be the most stupid thing ever.
The question that 1933 has nothing to do with 2022 is even more stupid.
They will all awake and their money gone.....real estates with forced mortage and even stocks being confiscated easily because they are not under their names.
People really think countries which are totaly broke will uphold any standards to their citizens.
ROFL good joke
I guess in germany and many other countries you get registered when︀ buying gold over 2k euro because that amount is SOOOO BIG you could make serious︁ money laundering with it.
They surely don't register you to get it back once they︂ create the new monetary system based on gold like they did in 1933......hey who would︃ think such stupid things
In fact many countries are working hard to change their laws so that the stealing of assets will be perfectly legal.
Not true any more. They showed the world nothing will be defended. I start the list:
Abandoning gold standard in 90s, Abolish banking secrecy, pegging chf to eur, forced closure of businesses, applying sanctions on a war party.
What is next?
That is not how it works. It is not︇ up to you to decide if you are criminal or not 😉
If you are of︈ a certain nationality who did not happen to take special treatments and on top of︉ having specific sexual tastes you are already in a lot of rough waters since 2020.︊ The point here is to illustrate how things do change quickly what is accepted and︋ what is not.
Good. @Martin Everson speaks out what can be observed recently.
Switzerland was great back in these days. Sadly it devolved a lot since then (maybe like the last 30 years or so).︀ First slowly and then increasingly fast.
Abandoning gold standard in 90s, Abolish banking secrecy, pegging chf to eur, forced closure of businesses, applying sanctions on a war party.
What is next?
That is not how it works. It is not︇ up to you to decide if you are criminal or not 😉
If you are of︈ a certain nationality who did not happen to take special treatments and on top of︉ having specific sexual tastes you are already in a lot of rough waters since 2020.︊ The point here is to illustrate how things do change quickly what is accepted and︋ what is not.
Good. @Martin Everson speaks out what can be observed recently.
Switzerland was great back in these days. Sadly it devolved a lot since then (maybe like the last 30 years or so).︀ First slowly and then increasingly fast.
How do you know you won't be in future a criminal ?
A nice example US when they implemented a law to tax gold trading WITH a date into the past which made many gold owners/traders instantly debtors for their past legal actions.
Another topic which is being pushed are wealthy people being attacked as parasites causing the issue and that they should pay for the broke countries and its obligations....
Being wealthy soon will be something very bad which need to be dealt with
A nice example US when they implemented a law to tax gold trading WITH a date into the past which made many gold owners/traders instantly debtors for their past legal actions.
Another topic which is being pushed are wealthy people being attacked as parasites causing the issue and that they should pay for the broke countries and its obligations....
Being wealthy soon will be something very bad which need to be dealt with
What everyone has forgotten during this discussion is @JohnnyDoe's claim in post #2 ("Not your storage not your gold"). That was the original genesis of this debate. Claiming that there is no place on the planet in which to safely store gold is simply idiotic. While we can debate which country is best for gold storage, his claim is patently untrue. In fact, it is preposterous in the extreme.
In fact, you gold is far safer in a secure private vault in an offshore jurisdiction with a strong rule of law than it is in your home or business -- at least for 99.9%︀ of the population. The main purpose of keeping assets offshore is to avoid the prying︁ eyes, and the thieving hands, of your home government, creditors, and ex-spouses. So, if asset︂ protection is your goal, then why would you keep a large amount of gold onshore︃ -- subject to easy confiscation? Better yet, keep both yourself and your gold offshore.
That is really what we are discussing here: ease of confiscation. It is 100 times︄ more difficult for anyone, including your home government, to confiscate anything stored in a foreign︅ country. All the discussions regarding other tangential matters are simply a diversion from that self-evident︆ truth.
I feel sorry for anyone whose thought patterns are caught up in such a︇ linear thinking world view. We live at a time where many special interest groups work︈ hard to make the world appear in simple black and white -- when, in fact,︉ it is mostly various shades of gray. There are still many good offshore options for︊ gold storage, just as options still exist for banking, residency, and second citizenships. Claiming otherwise︋ denies reality.
In fact, you gold is far safer in a secure private vault in an offshore jurisdiction with a strong rule of law than it is in your home or business -- at least for 99.9%︀ of the population. The main purpose of keeping assets offshore is to avoid the prying︁ eyes, and the thieving hands, of your home government, creditors, and ex-spouses. So, if asset︂ protection is your goal, then why would you keep a large amount of gold onshore︃ -- subject to easy confiscation? Better yet, keep both yourself and your gold offshore.
That is really what we are discussing here: ease of confiscation. It is 100 times︄ more difficult for anyone, including your home government, to confiscate anything stored in a foreign︅ country. All the discussions regarding other tangential matters are simply a diversion from that self-evident︆ truth.
I feel sorry for anyone whose thought patterns are caught up in such a︇ linear thinking world view. We live at a time where many special interest groups work︈ hard to make the world appear in simple black and white -- when, in fact,︉ it is mostly various shades of gray. There are still many good offshore options for︊ gold storage, just as options still exist for banking, residency, and second citizenships. Claiming otherwise︋ denies reality.
Dig a hole and bury it. Put a carcass of an animal over it. Cover the hole properly. Geotag the location. That way your gold will be really safe.
Okay, the negativity of all countries in Europe is high. Now I'm asking all the guys here who seem to know the s**t, where on earth would you store your Gold and similar assets AND how would you store it?
Just telling the same shitty story as you always do when it comes to Europe isn't enough any longer, people get bored to hear about it. What we want to know, "the final solution" taken from history, now we are on it. What is the solution?
Just telling the same shitty story as you always do when it comes to Europe isn't enough any longer, people get bored to hear about it. What we want to know, "the final solution" taken from history, now we are on it. What is the solution?
You have already been told. You can believe the super-paranoid crowd and bury it︀ in your backyard under an animal carcass -- or you store your gold where the︁ wealthy have successfully stored it for more than 100 years, in a super-secure insured private︂ vault located inside of a mountain in a country that has never been invaded in︃ hundreds of years.
Switzerland. We had discussed it throughout the thread, so I thought it was obvious. If you are just a normal everyday person (not any type of criminal or from a sanctioned nation) then it is the safest choice.
Following this thread with great interest. You say it is possible to rent a safe deposit box in Switzerland for cash?
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