OFFSHORE GOLD STORAGE

Why You Should Buy

Gold and Silver

Precious metals have been around for thousands of years.

They are a tried-and-tested way to accumulate and protect your wealth.

Investing in gold is a great idea because it offers several benefits that paper money cannot:

• Security (with proper storage)
• Diversification
• Hard Assets
• Hedge against inflation
• Value determined by the free market

That last point is especially important: the price of gold isn’t controlled by the Federal Reserve or central banks.

The free market has all the power.

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Here at Nomad Capitalist, we’re not conspiracy theorists that peddle doom and gloom.

We don’t believe that the US dollar will become tomorrow’s toilet paper.

Despite its many drawbacks, the US economy is doing much better than most of the West. And the US dollar is still the cleanest shirt in the dirty laundry that is fiat money.

But we do believe it’s smart to use gold and silver to protect yourself from a radical decline in the purchasing power of fiat currency.

It pays to protect yourself.

It pays to have a hedge against the government and its cash printing presses.

There’s plenty more to say on the subject of buying gold and why it’s such a strong investment option.

But if you’re already sold on the benefits of investing in these hard assets and are ready to purchase gold, one question remains:

Where on earth do you put it?

THE BIG PROBLEM: STORING YOUR BULLION  

To guarantee that you reap the full benefits of investing in precious metals, you need to consider exactly where you will store them.

It’s a proper headache.

And if history has a chance of repeating itself, storing it in the US won’t offer the protection you are looking for.

If you have coins squirreled away in a coffee can in your mother-in-law’s basement, your parents’ attic, or under a loose floorboard in your living room – it’s time to rethink your gold storage strategy.

Your gold is simply not protected in those places, and your storage solution is hardly scalable.

You can physically lose it (or lose track of it), a house robbery could occur, or the house could burn down.

An alternative could be a safety deposit box at a bank.

But when you consider that a safety deposit box would only give you access to your precious metals for a mere eight hours on weekdays (assuming the power is on and some kind of natural disaster hasn’t taken place), suddenly, it’s not that appealing.

Savvy gold owners want safe storage solutions and convenient access to their gold and silver.

And that is why offshore gold storage is the best possible place to store their bullion.

WHAT ABOUT CRYPTO?

It’s fair to say the dizzy highs of the crypto boom are over – but in the long-term that’s probably a good thing. Cryptocurrencies have proven to be far more resilient than detractors could ever have imagined and though volatility remains.

Cryptocurrency investment will perhaps always be more speculative in nature and, as such, will continue to play a part in a well-balanced investment portfolio but in the short term it’s certain to fall out of favour with many investors looking for something more stable.

For now, a good way to diversify outside of your cryptocurrency holdings (or to cash out if you’re looking for a more stable investment) is to buy gold.

You can check out this article for more ways to diversify and use your cryptocurrency.

The Benefits of Offshore Gold Storage

There are two main benefits to having an offshore gold storage solution:

1. Security/Asset protection
2. Diversification

Whatever you call it, security is usually the primary reason to get into gold.

You want to protect your assets.

Although you might have invested in gold as an antidote to volatile fiat currencies, you would be leaving yourself vulnerable to another threat if you kept it at home:

Your own home country.

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The Best Places to

Store Gold Offshore

If you’re on this page because you’re interested in discovering how to ‘hide your money from lawsuits’, let’s get one thing clear:

We, here at Nomad Capitalist, never recommend that our clients do anything illegal or ‘hide’ their money. We want nothing to do with shady practices.  All our strategies are 100% legal.

An offshore trust is not somewhere to hide your money. Placing your assets in an offshore trust does not eliminate your reporting requirements.

Whether you created, received distributions from, transferred assets to, or are considered the owner of an offshore trust, you must report it to the IRS.

So, no, an offshore trust isn’t somewhere to hide your assets. It is a tool you can use to protect them.  There is a difference.

Obviously, not all gold storage facilities are created equal and the best country will vary depending on your personal situation.

Someone who is primarily concerned with having quick access to their gold and silver will likely select a different country than someone looking for anonymity.

But overall, the best place in the world to store gold offshore is Singapore.

Their private vaults, in particular.

Le Freeport in Singapore features state-of-the-art security with multiple doors, armed security guards, access cards, iris scans, and more just to get down to the vault. Then you have to open it up. And forget finding your way out on your own!

That’s a lot better than the coffee can in your mother-in-law’s basement.

Smaller vaults, like BullionStar, rent old bank buildings and set up shop, offering innovative options like getting paid in gold.

And both SGPMX and BullionStar allow you to buy as little as USD$20 in gold or silver online and begin storing it for free in their vaults.

SGPMX even allows you to take out a gold bank loan for greater precious metals liquidity.

Overall, Singapore has not only done an excellent job of enticing wealth storage away from established hubs like Switzerland and the UK but it also has low taxes, a solvent government, no debt, and a sovereign wealth fund.

It’s a tiny country that’s doing really well for itself on the global scene.

But Singapore isn’t the only place offering high-quality gold storage options.

Other vaults in places like Hong Kong, Zurich, London, and New York store gold for people all over the world.

If you’re seeking anonymity, Das Safe in Austria has offered anonymous gold storage at their facility since 1984.

An added benefit is that US citizens who have stored gold and silver in private vaults like Das Safe or Le Freeport – unlike hard assets stored in a bank – may not have to report it to the IRS.

However, always check with your legal counsel. It’s better to be 100% legal and report than to risk fines or other penalties.

CAN YOU TRAVEL WITH GOLD IN YOUR LUGGAGE?

Even as we advocate storing your gold and silver offshore, there’s something to be said for having a few gold coins on hand.

We’re certainly not opposed to having gold in a safe at home. But Nomad Capitalists sometimes don’t have a permanent home.

Then what?

If you often move around and want to travel with some of your gold as a kind of insurance policy, pay careful attention to what countries you’re flying through and what their attitudes towards gold are.

Many will treat gold as a cash equivalent.

If you’re carrying gold valued over a country’s declarable amount, you’ll be asked a lot of questions – at the very least.

Avoiding questions from airport personnel is far from the only reason you should store your hard assets offshore.

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