Offshore Gold Storage For Multimillionaires: What Are Your Options?

[Golden Fleece]

SoNewToAllShit said:
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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You could also do that in Austria until a few years ago at Das Safe.

JohnnyDoe said:
In the ”˜90s yes.
It's amazing how the urban legends about Switzerland still survive today.
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Well, it all depends. Having numbered bank accounts in Switzerland is an ongoing "urban legend." Yet, if you have enough money, you can still get a numbered bank account there.

There is nothing intrinsically wrong about having a numbered account. All it means is that only a few bankers have access to your identity and your address in an old school file stored in a locked safe. Every other bank employee only has a number. That way, every employee in the bank does not have access to your identity through the computer system -- and your identity can never be stolen or divulged.

Last edited: Jun 22, 2022

 

[Vor]

Singapore is a good place to store gold have not had any issues.

 

[JohnnyDoe]

Golden Fleece said:
and your identity can never be stolen or divulged.
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Nice dream rof/%
https://www.bbc.co.uk/news/business-60456196

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[SoNewToAllShit]

JohnnyDoe said:
In the ”˜90s yes.
It's amazing how the urban legends about Switzerland still survive today.
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well I don't know.

Therefore, the contents of your safe deposit box need not be declared to any government agencies.
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https://swissgoldsafe.ch/en/swiss-safe-deposit-box-costs-and-prices/
What more do you want, it is the perfect place and not the only you can find like this!

 

[Golden Fleece]

JohnnyDoe said:
Nice dream rof/%
https://www.bbc.co.uk/news/business-60456196
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Try to actually read what I wrote. Read it nice and slow. Parse out each word. You can do it.

All it means is that only a few bankers have access to your identity and your address in an old school file stored in a locked safe. Every other bank employee only has a number. That way, every employee in the bank does not have access to your identity through the computer system -- and your identity can never be stolen or divulged.
Click to expand...

If you have a numbered bank account (with the number being the only thing that appears in the bank's computer file), and only a few top level bankers have access to your personal information (which is stored only on paper that is stored in a vault), then that information is absolutely 100% impervious to any data leak -- because it is not contained in any computer information system at the bank.

 

[JohnnyDoe]

Golden Fleece said:
Try to actually read what I wrote. Read it nice and slow. Parse out each word. You can do it.

If you have a numbered bank account (with the number being the only thing that appears in the bank's computer file), and only a few top level bankers have access to your personal information (which is stored only on paper that is stored in a vault), then that information is absolutely 100% impervious to any data leak -- because it is not contained in any computer information system at the bank.
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Keep dreaming taha"¤%

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[Golden Fleece]

SoNewToAllShit said:
well I don't know.

https://swissgoldsafe.ch/en/swiss-safe-deposit-box-costs-and-prices/
What more do you want, it is the perfect place and not the only you can find like this!
Click to expand...

Yes, such places have existed all over Switzerland for over 100 years. In fact, they are even more popular now than ever, because over the past decade the local wealthy Swiss have needed the physical storage of Swiss Francs to avoid the negative interest rates of local banks.

 

[RexS9999]

If one buys gold certificates through a bank in HK or Singapore are they subject to CRS reporting?

 

[CoinMaster]

RexS9999 said:
If one buys gold certificates through a bank in HK or Singapore are they subject to CRS reporting?
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Depends if you store it in that bank YES - you won't be able to avoid it.

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[GrumpyMess]

What's the benefit of having physical gold stored anywhere? If tax evasion, then good luck turning bullion into money, if an investment, it is easier and cheaper to buy on the stock exchange. If you do not want to show your savings to the state, then it is also unclear how then quietly turn the gold into money, and in general I am skeptical that this way you can hide

 

[369]

SoNewToAllShit said:
The best places to store gold will depend on several factors, including your location, security requirements, and investment goals. Here are some options to consider:

1. Professional storage facilities: Many companies specialize in providing secure storage for precious metals. These facilities offer state-of-the-art security measures, including high-tech surveillance systems, vaults, and armed guards. Examples include Brink's, Delaware Depository, and International Depository Services.
2. Banks: Many banks offer safe deposit boxes for rent, which can be a good option for storing small amounts of gold or other valuables. However, keep in mind that banks may have limited hours of operation and may not offer the same level of security as professional storage facilities.
3. Home safes: If you prefer to store your gold at home, a high-quality safe can provide an added layer of security. Look for safes that are fireproof, waterproof, and have a high UL rating for burglary protection.
4. Offshore storage: Some investors choose to store their gold in offshore locations, such as Switzerland, Singapore, or the Cayman Islands. These locations are known for their strict privacy laws and stable political environments, but storage fees may be higher than in other locations.

When choosing a storage option, it's important to consider factors such as security, accessibility, and fees. You may also want to consult with a professional gold investment advisor to help you make informed decisions about storing your gold.
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oh men what a bs post

 

[lifeisfun]

The best way how to safeguard your precious metals is by storing it in offshore valut, but contract has to be between foundation nr. 1 formed in a third country. The best solution is if foundation is formed in jurisdiction which does not cooperate with country where you live in any way.
Foundation is considered a separate entity.
Ownership of precious metals will be declared by foundation nr. 2.
It shall be formes in other country.
Fooundation nr. 1 will provide sub-storing service for foundation nr. 1.
There is no way how your home country can seize this assets.

 

[OffshoreMonero]

I tend to agree with JohnnyDoe on this issue.

You can't rely on "the rule of law", or some bank's privacy policy anymore.

How to bury stuff in the woods properly: Choose a place that will not be developed in the future. Take pictures of the area too so you can easily locate the spot. Do not use a smartphone or even carry one near the area. Find an old digital camera that doesn't have wifi or bluetooth. Get your hands on one of those "dumb" Garmin GPS units made for hiking trails to find the lat/long. Write it down on paper. Never save it digitally to the GPS. Bring binoculars and look for people and to the sky for aircraft/drones to be sure you are not being watched.

Bury things such as paper work (proper waterproofing is needed), encrypted backups (long-term optical storage is best. Look into something called m-disc.), precious metals, and (unregistered?) firearms.

Governments everywhere are just plain nasty. If you piss them off expect them to come after you. The rule of law is a myth. It is often bent or broken to suit those in power.

Also, you can't rely on banks or governments to keep your information private anymore. It seems like most organizations are terrible at securing their servers, and the data will eventually end up in the hands of reporters or on the dark net somewhere.

Last edited: Mar 5, 2023
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[12345]

OffshoreMonero said:
I tend to agree with JohnnyDoe on this issue.

You can't rely on "the rule of law", or some bank's privacy policy anymore.

How to bury stuff in the woods properly: Choose a place that will not be developed in the future. Take pictures of the area too so you can easily locate the spot. Do not use a smartphone or even carry one near the area. Find an old digital camera that doesn't have wifi or bluetooth. Get your hands on one of those "dumb" Garmin GPS units made for hiking trails to find the lat/long. Write it down on paper. Never save it digitally to the GPS. Bring binoculars and look for people and to the sky for aircraft/drones to be sure you are not being watched.

Bury things such as paper work (proper waterproofing is needed), encrypted backups (long-term optical storage is best. Look into something called m-disc.), precious metals, and (unregistered?) firearms.

Governments everywhere are just plain nasty. If you piss them off expect them to come after you. The rule of law is a myth. It is often bent or broken to suit those in power.

Also, you can't rely on banks or governments to keep your information private anymore. It seems like most organizations are terrible at securing their servers, and the data will eventually end up in the hands of reporters or on the dark net somewhere.
Click to expand...

Hahah for me this plan sounds a bit funny. Offshore vault carries much less risk than hiding gold at home (thieves, family members) or burying it somewhere this is my opinion

 

[GrumpyMess]

OffshoreMonero said:
Get your hands on one of those "dumb" Garmin GPS units made for hiking trails to find the lat/long. Write it down on paper
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After all, you have to store this information somewhere, too. Of course it would be difficult for one state to get a warrant to excavate in another, but not impossible. So it's much easier to buy cryptocurrency or store gold in a third country

 

[JohnnyDoe]

OffshoreMonero said:
I tend to agree with JohnnyDoe on this issue.

You can't rely on "the rule of law", or some bank's privacy policy anymore.

How to bury stuff in the woods properly: Choose a place that will not be developed in the future. Take pictures of the area too so you can easily locate the spot. Do not use a smartphone or even carry one near the area. Find an old digital camera that doesn't have wifi or bluetooth. Get your hands on one of those "dumb" Garmin GPS units made for hiking trails to find the lat/long. Write it down on paper. Never save it digitally to the GPS. Bring binoculars and look for people and to the sky for aircraft/drones to be sure you are not being watched.

Bury things such as paper work (proper waterproofing is needed), encrypted backups (long-term optical storage is best. Look into something called m-disc.), precious metals, and (unregistered?) firearms.

Governments everywhere are just plain nasty. If you piss them off expect them to come after you. The rule of law is a myth. It is often bent or broken to suit those in power.

Also, you can't rely on banks or governments to keep your information private anymore. It seems like most organizations are terrible at securing their servers, and the data will eventually end up in the hands of reporters or on the dark net somewhere.
Click to expand...

This is the perfect guide. I would add a couple of tricks for extra security but I will not write them in a forum. It's up to you to come up with your own!

GrumpyMess said:
After all, you have to store this information somewhere, too. Of course it would be difficult for one state to get a warrant to excavate in another, but not impossible. So it's much easier to buy cryptocurrency or store gold in a third country
Click to expand...

there are a ton of ways to encrypt gps coordinates, or to simply hide them in plain sight.
But you can also totally avoid writing down anything if you choose a place that is memorable enough (for you), or write down indications (such as go north x meters, 10 steps left etc) from a place that only you know.

I simply don't get why someone should rely on a third party to store something really precious. Especially when such third party is a nasty criminal organization like a bank (or any derivation thereof, including “safe storages”).
Well, actually I get it very well if I think as such criminal organizations do, and I grin smi(&%

Last edited: Mar 5, 2023
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[GrumpyMess]

JohnnyDoe said:
I simply don't get why someone should rely on a third party to store something really precious
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Because convenience outweighs greed over time. Even if you have a bar buried somewhere and nothing happens to it, I mean it will not be found by a person with a metal detector, the liquidity of this method is extremely low.

 

[Au999]

GrumpyMess said:
Because convenience outweighs greed over time. Even if you have a bar buried somewhere and nothing happens to it, I mean it will not be found by a person with a metal detector, the liquidity of this method is extremely low.
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Tubes of popular gold coins well hidden at various locations - you don't really get a more liquid form of off the radar generational wealth. So many ways to hide and so many ways to avoid metal detectors etc.

 

[JackAlabama]

Au999 said:
Tubes of popular gold coins well hidden at various locations - you don't really get a more liquid form of off the radar generational wealth. So many ways to hide and so many ways to avoid metal detectors etc.
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Bitcoin solves this better. Just traveling alone is a nightmare.

 

[JohnnyDoe]

JackAlabama said:
Bitcoin solves this better. Just traveling alone is a nightmare.
Click to expand...

Xmr does it best

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