Category Archives: Asia

Daily Express Articles On Safest European Countries To Visit, Safest Nations To Hide Out In Case Of WW3

When it comes to selecting an offshore location for one’s valuables, it only makes sense physical safety of self (planning to visit/inspect belongings?) and wealth is considered. One of the publications I read on a regular basis for my research is the Daily Express (UK), and the paper recently ran two articles on their website related to this topic.

The most recent one, penned by Kara Godfrey and published on December 8, 2017, is entitled, “MAPPED: Safest countries in Europe to travel in 2018.” Only 8 nations made the cut for the “safest countries to visit in 2018.” And only 1 of them is known (by me) to have private, non-bank safe deposit box facilities.

The other piece was posted on November 29, 2017. Francesca Specter reported in “MAPPED: The 10 safest countries if World War THREE breaks out”:

WORLD War Three fears have heightened in recent months as conflict between Kim Jong Un and Donald Trump escalates. These are the safest places to hide if world war does break out

(Editor’s note: Bold added for safety)

Of these, 1 is in North America, 7 are in Europe, 1 is in Asia, and 1 in Oceania. 6 are known (by me) to have safe deposit box facilities outside the banking system.

Revealing articles, which you can view here and here respectively on the Daily Express site.

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

(Editor’s note: 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.)

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Mark Nestmann: Offshore Your Physical Gold

Yesterday I brought up the recent Nomad Capitalist article “10 Tips for Buying Gold in 2018” in which gold expert Claudio Grass said:

As a general rule, if you have over $50,000 to invest in gold, store it in a safe jurisdiction. For anything less than that, keep it nearby.

And according to Grass, “safe jurisdictions” meant two European countries.

Offshore expert Mark Nestmann also talked about storing physical gold locally and offshore in a July 9 piece on the International Living website. In “Why You Should Store Gold Overseas to Protect Your Money,” Nestmann informed readers:

You may already have gold safely stored at home or in a domestic vault. While that’s a smart plan, there is an even safer way to store your gold: Keep it overseas.

If all your wealth is in the U.S., it’s vulnerable. If you are sued in the U.S. (a one-in-three risk for U.S. citizens) and lose, a creditor can foreclose on your U.S. assets, including your domestic gold. Gold stored overseas, however, is much more difficult for creditors to seize.

Second, there’s political risk. In 1933, Franklin Delano Roosevelt forced all gold-owners to turn their holdings over to the government. I don’t think a recurrence is likely, as gold is no longer the standard to which we peg our money. But moving your gold overseas gives you peace of mind.

Of course, it’s possible that the country you move your gold to could enforce a U.S. general gold confiscation order. But that’s never happened before. And in countries like Austria, Switzerland, and Singapore, doing so would violate their own ultraprotective wealth preservation laws.

The head of The Nestmann Group went on to talk about the three options available to Americans for keeping their gold overseas, one of which is “direct storage” and “a safe deposit box at a private vault.”

A short but informative primer on offshore gold storage, which you can read here on the International Living site.

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

(Editor’s note: The mention of a particular individual/business 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.)

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Nomad Capitalist’s ’10 Tips For Buying Gold In 2018′

Still on the topic of gold (often socked away in safe deposit boxes) today, back on November 13 Andrew Henderson penned an article on the Nomad Capitalist website entitled “10 Tips for Buying Gold in 2018.” I’ve mentioned Andrew and his company before on the blog, but for those readers not familiar with them, Henderson is the founder and managing partner of Hong Kong-headquartered Nomad Capitalist, billed as the “world’s leading offshore consulting firm.” Anyway, from the piece:

Not too long ago, my friend Claudio Grass – an expert in the gold business – shared the short version of his top ten tips for buying gold. Knowing the wealth of knowledge he possesses, I asked him to sit down for an interview so we could create the long version of that same list. His insights into the world of gold did not disappoint.

(Editor’s note: Bold added for emphasis)

Some particular “insights” that jumped out at me:

• “As a general rule, if you have over $50,000 to invest in gold, store it in a safe jurisdiction. For anything less than that, keep it nearby.”
• According to Grass, two European nations qualify as safe jurisdictions. Joshua Rotbart, a “global expert on precious metals for investment” mentioned in the piece, added two more countries in Asia to the list.
• “Physical gold is the antidote to the current system. The current banking system is based on credit, paper, and computer digits. The crisis that we are expecting- the reason so many people are buying gold to protect themselves- will be a huge banking crisis. Therefore, if you decide to purchase physical gold, it’s only logical to store it outside of that banking system. Property rights in the banking system are of a temporary nature. Banks in the past have confiscated physical gold and cash, and there is always the possibility of a bail-in where all assets will undoubtedly be confiscated.”
• Echoing yesterday’s blog post about Jim Rickards and the information he received about gold being moved from banks to Swiss private vaults, Joshua Rotbart added:

Clients are moving their assets from bank vaults to privately held vaults. There are a few reasons for that:

Better access to their assets (they are no longer dependent on business hours, the goodwill of the banker etc.);
Increased distance from the reach of governments and regulators;
Better service; and
Better value for money.”

Henderson was right. Claudio’s insights into the world of gold did not disappoint. You can read the entire piece here on the Nomad Capitalist website.

Still more on the yellow metal later.

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

(Editor’s note: The mention of a particular individual/business 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.)

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Royal England Safe Deposit Box Ltd. Featured On Hong Kong Tatler Website

Funny I should mention Hong Kong’s Royal England Safe Deposit Box Ltd. yesterday and an article about the private, non-bank vault pops up on the website of luxury magazine Hong Kong Tatler the same day.

While I brought up the new safe deposit box facility’s use of smartphone technology to improve customer service/experience, the Tatler piece went into more detail about the Royal England operation (first blogged about here). For example, regarding the security/technology utilized in the secured storage space:

When devising the vault technology, Royal England enlisted the help of security experts from Wynn Macau and the Venetian Macao to develop a fully automated security system to encrypt client data. The system requires no staff and uses computer and biometric identification to ensure accuracy in verification of identity. Just one person is able to enter the vault at a time, meaning you can access your valuables free from any interference. Royal England does not number the boxes, so the location of your box cannot be leaked. Instead, it uses a lighting system to indicate the whereabouts of your box once you’re inside the vault.

(Editor’s note: Bold added for emphasis)

That box location procedure is a nice touch, providing an extra layer of security for personal belongings of significant worth. And attracting wealthy clients particularly interests the Hong Kong business. As director Ray Li stated in a recent interview:

Our target customers are the well-heeled in the society, to appeal to them, we hope to present Royal England as the top safe deposit box service brand in the world.


“Royal England- Exclusive Art Appreciation & Whiskey Tasting”
YouTube Video

As mentioned previously, Royal England Safe Deposit Box Ltd. is a member of the Safe Deposit Federation, “a self-regulating federation of independent safe deposit box companies.”

Head on over to the Hong Kong Tatler website here to read the entire article. And for more information about Royal England, readers can visit their site here.

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

(Editor’s note: The mention of a particular business/organization 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.)

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South Africa’s Knox Safe Deposit Boxes Modernizing And Expanding

This morning while reading the “news” section on the website of the Safe Deposit Federation (first blogged about here), I learned South Africa’s first private, non-bank safe deposit box facility is undergoing modernization and expansion. According to the SDF, Knox Safe Deposit Boxes (aka Knox Titanium Vault Company) in Johannesburg is launching a smart phone application that will allow a customer to interface with the business in real time, and is moving forward with a multimillion-rand expansion project resulting in additional boxes, increased security, and rooms for client use.

This is the second time this month I’ve observed private vaults capitalizing on smart phone technology to improve customer service and experience. On November 14, I wrote about Hong Kong’s Royal England Safe Deposit Box Ltd., which allows clients to “manage the authorised person’s access and trace the situation of the safe deposit box at any time via our mobile phone application.”

Both Knox Safe Deposit Boxes and Royal England Safe Deposit Box Ltd. are members of the Safe Deposit Federation, “a self-regulating federation of independent safe deposit box companies.”

A short but interesting article, which can be read on the SDF website here. And for more information about Knox Safe Deposit Boxes/Knox Titanium Vault Company, visit their site here.

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

(Editor’s note: The mention of a particular business/organization 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.)

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Silver Bullion Article ‘Why Choose A Private Offshore Vault’

It’s been some time since I last mentioned The Safe House (TSH), a Singapore private, non-bank vault with safe deposit boxes. The facility is a subsidiary of the award-winning bullion dealer Silver Bullion, and while on their site earlier today I stumbled upon an article from late August entitled “Why Choose A Private Offshore Vault.” Gregor Gregersen (founder/CEO of The Safe House and Silver Bullion) and Srdjan Seva (Business Development at Silver Bullion) wrote:

When choosing a place to buy and store gold and silver bullion, there are several aspects that need to be considered, especially for those who are new to storing their precious metals. Physical precious metals are almost always purchased for the purpose of wealth protection but how good is such ‘protection’ in a systemic crisis?

(Editor’s note: Bold added for emphasis)

Gregersen and Seva hammered home two important points regarding the above. The first being:

When purchasing precious metals with a plan to physically own and store in a vault, it is important to make sure that buyers are the legal title owners of the stored bullion rather than just creditors being owed bullion.

(Editor’s note: Bold added for emphasis)

Second, and no less important:

Diversifying the country risk by storing precious metals offshore in a safe jurisdiction is one the most important aspects of wealth protection against seizures, nationalizations or other forms of confiscations in the home country.

(Editor’s note: Bold added for emphasis)

For Gregersen and Seva, a “safe jurisdiction” can be defined as having:

A clear rule of law especially when it comes to the respect of private property rights, has enough economic and military power to defend its sovereignty and which is strong enough to actually enforce its laws.

(Editor’s note: Bold added for emphasis)

Based on this criteria for a “safe jurisdiction,” I suspect a number of countries with safe deposit box facilities outside the banking system might fall short.

An informative and insightful read, which can be found here on the Silver Bullion website. For more information about The Safe House, visit their website here.

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

(Editor’s note: The mention of a particular business 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.)

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Hong Kong’s Royal England Aims To Be ‘Top Safe Deposit Box Service Brand In The World’

Back in April, Royal England Safe Deposit Box Ltd. celebrated the “soft opening” of its private, non-bank vault in Hong Kong’s Central/Western district. Outfitted by Burton Safes, Royal England offers over 1,400 safe deposit boxes with 24/7, 365 days a year accessibility in addition to other conveniences like trackable third-party access and a secure pick-up/drop-off service.

Not too long ago, facility director Ray Li was interviewed about the creation of Royal England, developing the business, and bringing Chinese-American actor Michael Wong on board as their brand ambassador. According to Li:

The business has been on track as scheduled since it started operation in July. However, as our target customers are the well-heeled in the society, to appeal to them, we hope to present Royal England as the top safe deposit box service brand in the world.

(Editor’s note: Bold added for emphasis)


“Royal England- Enjoy Real Privacy”
YouTube Video

Royal England is also a member of the Safe Deposit Federation (SDF), “a self-regulating federation of independent safe deposit box companies.”

Offshore Safe Deposit Boxes wishes Royal England Safe Deposit Box Ltd. all the best with their new facility.

You can read the entire interview with Ray Li here. And for more information about Royal England, head on over to their website here.

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

(Editor’s note: The mention of a particular business/organization 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.)

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