Private Bank Offshore The Inside Scoop on Latin American Private Banking

Gold Storage & Safe Deposit Boxes

Two private banking services often sought after are gold storage and safe deposit boxes.

Its worth mentioning that while you can probably store gold domestically, in an extreme financial crisis you cannot be certain of the safety of that gold.

You might get hit by banks going bust, or government takeovers and confiscations of gold. What’s more, the revelation that you have a private supply of the precious metal, especially if this was previously unknown to authorities, may place you immediately under suspicion.

Gold is stored far more safely in a financially stable, neutral country where you are not a citizen.

There are problems. How do you buy and sell gold and keep it in a foreign country? Its certainly possible to do it online. Perth Mint certificates will let you buy gold as will websites like bullionvault.com, although it will be held together with a pool of bullion in un-allocated storage. Having your own stash of gold and knowing its exact location is made prohibitively expensive.

Private banks will let you buy gold and then keep it in a safe deposit box with the bank.  This is great for storing smaller amounts, and you could also put other valuables such as family jewels or stock certificates in there along with your gold bars.  Just remember to keep the key in a safe place!!!

Safe Deposit Boxes Are Great For Smaller Valuables

For larger amounts or if you simply prefer to keep your gold outside of “the system”, try storage at a private safe deposit such as Viamat (www.viamat.com) which will let you store gold without putting into question the metal’s integrity.

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