Category Archives: Australia

James Rickards Reports Gold Still Moving From Banks To Swiss Private Vaults

Late last week I was reading the Daily Reckoning website when I came across a November 28 article by the American lawyer, economist, investment banker, and best-selling author James (Jim) Rickards. The editor of Jim Rickards’ Strategic Intelligence mentioned the following in his discussion about potential triggers for the next financial crisis:

I was in Switzerland not long ago, and I met with one of the big four “secure logistics” firms in the world. These are the people that handle the actual physical metal.

They’re building vaults as fast as they can. They’ve been negotiating with the Swiss Army. Over the years, the army’s hollowed out some of these mountains in the Alps to build these extensive warehouses and storage facilities and tunnels that will withstand nuclear attack.

So these vault contractors have been in negotiation to lease the mountains — these nuclear bomb-proof mountains — from the army. My source told me, “We’re building vault space as fast as we can. But we’re running out of capacity.”

I asked, “Where’s the gold coming from?”

He said, “UBS and Deutsche Bank and Credit Suisse, and customers are taking it out of the banks and giving it to us.”

(Editor’s note: Bold added for emphasis)

The above might ring a bell for regular readers of Offshore Safe Deposit Boxes. Back in the spring I blogged about a March interview of Rickards by London-based Tip TV Finance show in which viewers were warned:

Keep away from the paper contracts. Get physical gold. Put it in a safe place. Don’t put it in the bank. I spent a lot of time in Switzerland. I visited… when I go to Switzerland I don’t spend much time with the banks, I spend it with secure logistics operators, vault operators, refineries- the people that actually handle the physical gold. They see gold coming out of Deutsche Bank, Credit Suisse, UBS, and others, going into Loomis and the private vault operators. That does not change the total supply of gold, but it changes the floating supply. Once you take it out of the banks there’s less available to prop up this paper gold market. The banks will probably be closed, at least temporarily. You won’t be able to get your gold

(Editor’s note: Bold added for emphasis)

“Get physical gold. Put it in a safe place. Don’t put it in the bank.”

So what qualifies as a “safe place” for Rickards?

Late last year, the author of the USA Today and Wall Street Journal business best-seller The New Case for Gold told The Capital Network’s Lelde Smits at Custodian Vaults, a private, non-bank safe deposit facility in Sydney, Australia:

Well you know, Lelde, we’re in a private vault. And I recommend private, non-bank storage. Now this is a vault. It’s very secure. You see we have some gold right here obviously and there is a lot more in these boxes. But this is not a bank. This is private. And that’s what I recommend.

You don’t want to put your gold in the bank because banks are controlled by the government. When you most want your gold, that’s when the banks will be closed. You won’t be able to get it. So, I recommend again, a place like the one we’re in, which is a private, non-bank, secure storage

(Editor’s note: Bold added for emphasis)


“Jim Rickards: How to make a fortune before 2018”
YouTube Video

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

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

Source:

Rickards, Jim. “Waiting for the Avalanche.” Daily Reckoning. 28 Nov. 2017. (https://dailyreckoning.com/waiting-for-the-avalanche/). 3 Dec. 2017.

Share

List Of Offshore Private Vaults Updated Again

The list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults- has been updated again.

Safe deposit facilities have been added under the following countries:

• Australia (Australasian Vaulting Industries (AVI), Bella Vista (Sydney suburb) and Kuber Vaults, Castle Hill (Sydney suburb))
• Poland (Slaskie Sejfy, Katowice)
• United Kingdom (The Royal Mint Secure Storage, Llantrisant, Wales)

Any facilities I missed? I’d be grateful if you let me know about them. In the meantime, readers can view the updated list of offshore private vaults here.

Christopher E. Hill
Editor

(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.)

Share

Australasian Vaulting Industries Opens Non-Bank Vault, Safe Deposit Box Service In Sydney Suburb

A new private, non-bank vault offering safe deposit boxes and a precious metals bullion trading desk has opened its doors in a suburb of Sydney, Australia. From a Newswire.com press release Tuesday:

Australasian Vaulting Industries (AVI) has just opened its high-security vault and safe deposit box depository in Bella Vista, Sydney. The business offers a unique blend of world-class security, combined with an in-house bullion trading desk, the first of its kind in Western Sydney…

The company provides world-class storage for gold bullion and other valuables in a specially designed and purpose-built security vault. The vault is owned and staffed by security system experts, with a collective of over 50 years’ experience in the industry serving private enterprise, the banking sector and military security applications in Australia and abroad…

The facility can also accommodate the storage of important documents, including passports, deeds, titles and birth certificates, along with valuable heirlooms, jewellery and data drives.

(Editor’s note: Bold added for emphasis)


“On Foot Advertising Australasian Vaults Industries Ad”
YouTube Video

According to the Australasian Vaulting Industries website, the private vault can also “arrange the collection and delivery of your assets from Australian or Global locations, using our secure transit partners from around the world.”

More information about the business is contained in the press release here. Readers can also visit the AVI website here.

Offshore Safe Deposit Boxes wishes Australasian Vaulting Industries all the best with their new facility.

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.)

Share

Latest Offshore Safe Deposit Box Promotions

Here are the latest limited-time specials from offshore safe deposit box facilities listed on this blog’s sister site (link included to web page where each promotion is displayed):

Asia

Titanium Safe Deposit Box (Kota Kinabalu, Sandakan, and Tawau in Sabah, Malaysia)- “Senior citizens 60 years old and above enjoy 25% off safe deposit box rental.”

Australia/Oceania

Custodian Vaults (Sydney, Australia)- “To celebrate the Lunar New Year, we are excited to offer 25% off a small box at Custodian Vaults for new customers who purchase an ABC Bullion Gold Lunar Rooster Coin at ABC Bullion!… This offer ends 28th of February 2017, so don’t miss out!”

Guardian Vaults (Melbourne and Sydney, Australia)- “Special Promotion. Call us today to hear about our Gift to You!”

Europe

Sentinel Vaults (Dublin, Ireland)- “Sentinel Vaults is now offering document safekeeping for only €50 and safe deposit boxes from €150. Yes, as little as 1 Euro a week for peace of mind. Our promotional prices for business or individual customers are for a limited time.”

Did I miss any limited-time promotions? Please let me know.

Christopher E. Hill
Editor

(Editor’s note: The above information provided by entities marketing themselves as private vaults outside the U.S. offering safe deposit boxes/lockers at a minimum has been compiled via a search of the Internet. Inclusion of this material on Offshore Safe Deposit Boxes 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 information 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.)

Share

Jim Rickards: ‘You Don’t Want To Put Your Gold In The Bank Because Banks Are Controlled By The Government’

I’m back! Regrettably, I had to divert my attention away from Offshore Safe Deposit Boxes/other Internet-related projects to attend to family obligations and other matters that required my immediate attention. Thank you for your patience during the break.

There’s a tremendous amount of material to talk about (and people to talk to), so let’s get down to business.

The last time I blogged about American portfolio manager, attorney, economist, and author James Rickards was back in April, when he was making the rounds on the mainstream/alternative financial news outlets discussing his latest book, the USA Today and The Wall Street Journal business bestseller The New Case for Gold. Rickards, who also penned The New York Times bestsellers Currency Wars: The Making of the Next Global Crisis (2011) and The Death of Money: The Coming Collapse of the International Monetary System (2014), is on the verge of releasing yet another text, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis. And last night, I stumbled upon a recent interview he did with The Capital Network’s Lelde Smits at Custodian Vaults in Sydney, Australia (regular readers may recall this facility was named the “World’s Best Offshore Private Vault Video,” short program category, for 2015).

On the topic of owning physical gold in advance of a coming crisis which Rickards foresees, Ms. Smits asked the editor of the financial newsletter Jim Rickards’ Strategic Intelligence where he was keeping his gold at the moment. Rickards replied:

Well you know, Lelde, we’re in a private vault. And I recommend private, non-bank storage. Now this is a vault. It’s very secure. You see we have some gold right here obviously and there is a lot more in these boxes. But this is not a bank. This is private. And that’s what I recommend.

You don’t want to put your gold in the bank because banks are controlled by the government. When you most want your gold, that’s when the banks will be closed. You won’t be able to get it. So, I recommend again, a place like the one we’re in, which is a private, non-bank, secure storage…

(Editor’s note: Bold added for emphasis)


“Jim Rickards: How to make a fortune before 2018”
YouTube Video

I found the exchange between Rickards and Smits very informative. To learn more about Custodian Vaults, you can visit their website here. As for the other parties:

The James Rickards Project
The Capital Network

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.)

Rickards soon-to-be-released book…

Share

Latest Offshore Safe Deposit Box Promotions

Here are the latest limited-time specials from offshore safe deposit box facilities listed on this blog’s sister site (link included to web page where each promo is displayed):

Africa

Nigeria

Bulwark Vault & Safes Deposits Ltd. (Lagos)- “Join the Bulwark Membership Club. 25% Off Rent & Renewal- Premium Platinum. 15% Off Rent & Renewal- Platinum. 10% Off Rent & Renewal- Gold. 5% Off Rent & Renewal- Silver.”

Asia

Malaysia

mySAFEBOX (Seri Kembangan, Selangor)- “Share & Get RM 300 Cash Rebate. Step 1: Tell your siblings, parents, uncle, aunt, cousin, friends, colleague. Step 2: Get your RM300 Cash Rebate when they sign up! ” (5/27/16 Facebook post)

RockSafe (Kota Kinabalu, Sabah)- “Anniversary Offer. Limited Period. RM 99 3” x 5” x 24” box. 1 year contract, T&C applied.”

Titanium Safe Deposit Box (Kota Kinabalu & Sandakan, Sabah)- “Anniversary Facebook Fans Special. 15% Off Box Of All Sizes. Limited time only. For KK & Sandakan.” (Facebook page)

Australia/Oceania

Custodian Vaults (Sydney, Australia)- “Relocate From Your Bank To Custodian Vaults. Move to Custodian Vaults and receive a 20% discount for two years with complimentary secure relocation of your valuables from any banking facility in Sydney*. Save up to $369!”

Guardian Vaults (Melbourne & Sydney, Australia)- “End Of Year Financial Sale. 20% off small safety deposit boxes. Sydney.”;“End Of Year Financial Sale. 20% off large safety deposit boxes. Melbourne.”

Europe

United Kingdom

St. James’ Safe Deposit (Leeds & Manchester, England)- “2 MONTHS FREE RENTAL FOR HSBC CUSTOMERS. HSBC to end their Safe Keep Service. If you or a family member are affected by this decision, why not pay us a visit for a no obligation tour of our secure vaults and premises ( photo ID and proof of address required ).” (6/14/16 Facebook post)

Offshore private vault operators: If you would like your facility’s upcoming, limited-time promotion to be announced in a future blog post, contact the Editor with the information.

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.)

Share

Latest Additions To List Of Offshore Private Vaults

Here are new entries to that list of offshore private vaults on my website of the same name:

City Bunker (San Pedro Garza García, Mexico- translated)
Hausler (Córdoba, Argentina- translated)
Punta Carretas Cofres Fort (Montevideo, Uruguay- translated)
Service & Meetingpoint Saxenwald (SMS) (Reinbek in Hamburg metro area, Germany)
Telesforo Gestión (Oviedo, Spain- translated)
The Vault Australia (Sydney, Australia)

Any more out there I might have missed? Please let me know.

Christopher E. Hill
Editor

(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.)

Share