New Private Safe Deposit Box Facilities Open In U.K.

Two new private, non-bank safe deposit box facilities have opened in the United Kingdom- Sharps Pixley in London (England) and Glasgow Vaults in Glasgow (Scotland). In the fall I added Shaprs Pixley (dating back to 1778 and an original member of London’s twice-daily gold price fixing establishment) to the list of private vaults on this blog’s sister site- Offshore Private Vaults- after learning about their safe deposit box offerings. Reuters’ Clara Denina reported on January 14:

London bullion dealer Sharps Pixley has opened Britain’s first showroom making gold coins and bars available to private investors in the capital’s exclusive district of Mayfair, the company said in a statement.

The showroom will offer coins and bars from one gram, costing 35 British pounds, to 400 ounces or 11.3 kilograms, which can be stored in one of the 2,500 safe deposit boxes that Sharps will also offer

(Editor’s note: Bold added for emphasis)

Denina added that Sharp Pixley’s parent company is Degussa, which also has private vaults (under the Degussa name) in Germany (Berlin, Cologne, Hamburg, Hanover, Munich, Nuremburg, and Stuttgart), Singapore, and Switzerland (Geneva and Zurich).

Another private vault that just opened its doors in the U.K. is Glasgow Vaults. Located in Scotland’s largest city, the sister company to Merrion Vaults (Dublin, Ireland) published the following on its Facebook page this past Sunday:

Delighted to announce Glasgow Vaults is now open. Scotland’s first independent Safe Deposit Box facility, open 7 days per week

(Editor’s note: Bold added for emphasis)

According to the Glasgow Vaults website, they offer various box sizes and are “the only safe deposit box facility to offer high security private walk-in vaults for the storage of fine Art and valuable furniture.”

Congratulations to Sharps Pixley (Degussa) and Glasgow Vaults. Offshore Safe Deposit Boxes wishes them all the best with their new facilities. For more information about the Sharps Pixley showroom/safe deposit boxes, visit their website here. For info about Glasgow Vaults, head on over to their site here.

By Christopher E. Hill
Offshore Safe Deposit Boxes (www.offshoresafedepositboxes.com)

(Editor’s note: The mention of entities marketing themselves as private vaults outside the U.S. offering safe deposit boxes/lockers at a minimum should not be construed as confirmation of services claimed to be provided or any sort of recommendation. A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. Christopher E. Hill, the creator/Editor of this blog, is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented on the site.)

Source:

Denina, Clara. “London gold dealer Sharps Pixley opens first UK showroom.” Reuters. 14 Jan. 2016. (http://www.euronews.com/newswires/3126373-london-gold-dealer-sharps-pixley-opens-first-uk-showroom/). 20 Jan 2016.

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