I came across these guys GVS bullion group. Seems it's possible to buy gold bullion online, store it in their vaults and then also to pick it up if need be. Custody goes from 0.2 - 0.1% in their headquarters in Austria. Any thoughts or even experiences with them? Is it better / worse than physical gold etf or self storage?
Any thoughts on GVS Bullion?
- Thread starter Enzo Marchetti
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I don't know them, but if you have larger amounts to store in such places I would visit them. Tell them you only need a small box, go there deposit one coin just to see how it all works, if good, leave the coin there for some months, get it back and close the box.
Wait a little time, then buy online.
Wait a little time, then buy online.
The Perth Mint has a number of investment programs. The offline "Perth Mint Depository Program" is worth a look:
Depository Program - getting started The Perth Mint
Depository Program - getting started The Perth Mint
You don’t trust banks, you don’t trust fiat, you don’t trust crypto but you trust someone to hold gold for you? bor&%#
Perth Mint is not in the EU ! Perth is in Australia ! You are confusing Austria with Australia.
Read the fine print of Bullion Star in Singapore before using them, if you do you will read this:
19. Authorization for BullionStar to Act as Agent
The Customer authorizes BullionStar as an agent, limited in scope, to arrange for the storage, moving and coverage of the Customer’s precious metals holdings, arrange sub-custodians etc. as deemed necessary in the situation. BullionStar may sub-bail the storage of bullion to a secure facility operated by an independent storage service provider. BullionStar may transfer the bullion within︀ different vaults without giving prior notice to the Customer.
10. Personal Collection of Orders in︁ Singapore or New Zealand
....In the case where the release date in the online checkout︂ was indicated as immediately, the products are typically available for pick up as soon as︃ the payment has been received and processed by BullionStar. For items listed with a specific︄ release date in the online checkout, the items will normally be available within 7 business︅ days of the listed date. In extraordinary cases with circumstances outside of BullionStar’s control such︆ as, but not limited to, delays from our suppliers, transportation delays and so forth, BullionStar reserves the right to initiate the delivery within 60 days of the placed order. BullionStar insures all deliveries from its suppliers. In the unlikely event that the items are damaged︇ or missing in transit from its suppliers, BullionStar reserves the right of further delay of︈ the delivery or repayment upon settlement of the claim with its insurer....
Good point but if I had︋ a six figure $ amount worth of gold I'd feel safer having it in the︌ Perth Mint than storing it at home.
Read the fine print of Bullion Star in Singapore before using them, if you do you will read this:
19. Authorization for BullionStar to Act as Agent
The Customer authorizes BullionStar as an agent, limited in scope, to arrange for the storage, moving and coverage of the Customer’s precious metals holdings, arrange sub-custodians etc. as deemed necessary in the situation. BullionStar may sub-bail the storage of bullion to a secure facility operated by an independent storage service provider. BullionStar may transfer the bullion within︀ different vaults without giving prior notice to the Customer.
10. Personal Collection of Orders in︁ Singapore or New Zealand
....In the case where the release date in the online checkout︂ was indicated as immediately, the products are typically available for pick up as soon as︃ the payment has been received and processed by BullionStar. For items listed with a specific︄ release date in the online checkout, the items will normally be available within 7 business︅ days of the listed date. In extraordinary cases with circumstances outside of BullionStar’s control such︆ as, but not limited to, delays from our suppliers, transportation delays and so forth, BullionStar reserves the right to initiate the delivery within 60 days of the placed order. BullionStar insures all deliveries from its suppliers. In the unlikely event that the items are damaged︇ or missing in transit from its suppliers, BullionStar reserves the right of further delay of︈ the delivery or repayment upon settlement of the claim with its insurer....
Good point but if I had︋ a six figure $ amount worth of gold I'd feel safer having it in the︌ Perth Mint than storing it at home.
I wouldn’t.
There are so many places in and outside your home that are much safer than any third party’s storage (if you believe that they really storing your gold).
There are so many places in and outside your home that are much safer than any third party’s storage (if you believe that they really storing your gold).
You have so much gold that you don’t know where to hide it inside your minuscule apartment? bor&%#
No I'm not.Austria is in EU and Peth Minth is in Australia which is the same︋ garbage like EU
Your example of Bullion Start is legit however i would not use︌ them.There are way better service providers which are even more protected but still in singapore︍
Your example of Bullion Start is legit however i would not use︌ them.There are way better service providers which are even more protected but still in singapore︍
If you want to store gold, do it outside the usual online service providers.
Buy gold (if you are convinced that it makes sense as an investment) wherever you want. Thereafter store it in Le Freeport, or another trustworthy free zone like Kloten, or a duty-free warehouse (many of them available in Switzerland).
Buy gold (if you are convinced that it makes sense as an investment) wherever you want. Thereafter store it in Le Freeport, or another trustworthy free zone like Kloten, or a duty-free warehouse (many of them available in Switzerland).
Many people don't even know that storing in freezones makes stored staff protected by "Obligationsrecht" which is treated as a security 😉
le freeport is in singapore and many are in switzerland︀ zurich or geneva .
In Kloten if i remember correctly there is Loomis.
At the︁ airport directly Brinks and some others.
Advantage in Singapore is you can rent boxes and︂ don't need to declare the amount.
However if you live in europe you always can︃ drive by car to switzerland to execute something to not leave any online traces
le freeport is in singapore and many are in switzerland︀ zurich or geneva .
In Kloten if i remember correctly there is Loomis.
At the︁ airport directly Brinks and some others.
Advantage in Singapore is you can rent boxes and︂ don't need to declare the amount.
However if you live in europe you always can︃ drive by car to switzerland to execute something to not leave any online traces
As @369 already mentioned, Le Freeport is in Singapore. From my point of view it only makes sense for residents in South East Asia. Do not forget that even though SG does not care, your country of residence might very well care and you have to rely on air transportion. Air transport means scanners and plenty of checks/control.
For Europe or anything close to it I would suggest Switzerland (freezone at airport) or one of the official duty-free warehouses.
One quite popular duty-free warehouse which is located in Embrach (ZH). In Romandie you will find something similar with Ports Francs et Entrepôts de Genève︀ SA.
I do not want to advertise any specific location so I suggest you just︁ enter the word "Zollfreilager" or "port franc" into Google.
For Europe or anything close to it I would suggest Switzerland (freezone at airport) or one of the official duty-free warehouses.
One quite popular duty-free warehouse which is located in Embrach (ZH). In Romandie you will find something similar with Ports Francs et Entrepôts de Genève︀ SA.
I do not want to advertise any specific location so I suggest you just︁ enter the word "Zollfreilager" or "port franc" into Google.
Freeports in CH don’t give any kind of privacy. Police can inspect them︂ and goods can be seized, as it already happened. All what it takes is a︃ bank monkey to file something somewhere and a curious/stupid/narcissistic prosecutor.
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