Tag Archives: England

Related Reading: London’s Sharps Pixley Spotlighted By The Spectator Magazine

Monday evening I read an interesting article about London, England-based precious metals showroom/safe deposit box service Sharps Pixley (first blogged about here). Margareta Pagano wrote on the website of The Spectator (UK) this past weekend:

When the going gets tough, the tough go shopping. And when the going is seriously tough- as it may be when Trump and Putin really start stirring global trouble- they shop for gold.

And where could be more convenient to do so than at Sharps Pixley in St James’s Street?…

You can go straight for the one-kilo bars, about the size of an iPhone, at £33,130 each. [Sharps Pixley CEO Ross] Norman gives me one to hold; it’s cold and heavy, its shininess like the golden wrapping of a chunky caramel chocolate bar. You see why the Egyptians called it the ‘breath of the gods’; there’s something primal about holding the bullion in your hands.

Some shoppers take the bars home in bags, but most store them in safe-deposit boxes in the shop’s vaults. There are more than 200 gold and silver products for sale here. Real roses dipped in pure 24 carat gold, from £100, are a bestseller…

(Editor’s note: Bold added for emphasis)


“Why Gold Is A Safe Haven Investment”
Sharps Pixley’s London facility featured (Feb. 2016)
YouTube Video

You can read the entire article here on The Spectator website. For more information about Sharps Pixley, 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.)

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Related Reading: Harrods Safe Deposit Article On The Huffington Post Website

While putting together the list of offshore private vaults offering safe deposit boxes/lockers for this blog’s sister site, I learned that two of the best-known department stores in the world- Harrods and Selfridges in London, England- provided this service.

Yesterday, The Huffington Post website published a piece about Harrods Safe Deposit, which opened in 1896 and according to the store’s website:

…is a fully secure safe and strong room facility that guarantees complete safety and confidentiality. Personal safes can be rented at a yearly flat rate, from a small box right up to whole strong room.

Michael Levin wrote Wednesday in “What You Don’t Know About Harrods (But The Rich And Famous Do)”:

One of the most unique services the store offers is most likely unknown to all but a few of its shoppers.

I’m talking about the Safe Deposit at basement level where, since the current building’s creation in 1897, customers have kept safe deposit boxes and “strong rooms” where they keep money, collectibles, art, antiques, and other valuables as safe as in any bank.

The clientele for the service includes royals from around the world, VIPs, celebrities, movie stars, and the ultra-rich who have often passed their Harrods safe deposit boxes and strong rooms from one generation to the next…

Levin went on to talk about that private vault’s construction, it’s history, modern-day operations, and the head of the Safe Deposit Gary Parkins, who is set to retire in 2017 after forty years of service to Harrods (congratulations Mr. Parkins!)

An interesting piece, which you can read in its entirety here on The Huffington Post website. And for more information about Harrods Safe Deposit, head to its web page 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.)

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List Of Offshore Private Vaults Updated

Updates have recently been performed on 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.

Safe deposit facilities now open for business have been added under the following countries:

-Germany (pro aurum, Bad Homburg)
-Hong Kong (UltraVault by Malca-Amit)
-India (Navkettan Lockers, Mumbai)
-Japan (UltraVault by Malca-Amit, Kobe and Tokyo)
-Liechtenstein (Swiss Gold Safe (Liechtenstein) AG, Triesen)
-Malaysia (Titanium Safe Deposit Box, Tawau in Sabah)
-Netherlands (DNK, Maasdijk)
-New Zealand (Imperial Vaults, Mount Roskill- Auckland suburb)
-Singapore (Malca-Amit, Central Business District; UltraVault by Malca-Amit)
-United Kingdom (Luton Safe Deposit Centre, Luton, England; Newcastle Vaults, Newcastle upon Tyne, England)
-Uruguay (Cambio Europa S.A., Montevideo- formerly Europa Servicios)

Know of any I may have missed? Please let me know.

Readers can view the updated list of offshore private vaults here.

Christopher E. Hill
Editor

2/6/17 UPDATE: Imperial Vaults in New Zealand and Luton Safe Deposit Centre in the United Kingdom were added to the above list after this post was originally published

(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.)

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Thoughts About The Hatton Garden Job Movie Trailer Release

Back on April 8, 2015, I blogged for the first time about the now-infamous heist of potentially £21 million in valuables from 73 safe deposit boxes within Hatton Garden Safe Deposit Ltd. in London.

Earlier today, I viewed the official movie trailer for The Hatton Garden Job ahead of its April 14, 2017, release.


“The Hatton Garden Job- Official Trailer”
YouTube Video

Probably not the kind of publicity private, non-bank vaults really need.

That being said, I offer up the following again from an October 2, 2015, blog post:

I read on Hatton Garden’s website (still operational as I type this) that the non-bank vault “was founded in 1954 making it one of the first companies in the UK to offer safe deposit boxes.” Such a shame things had to come to this. But as I’ve noted several times since this blog has been up and running, both bank and private vaults have fallen victim to criminal activity lately (I found the October 19, 2014, bombing of a Berliner Sparkasse bank branch and theft of contents belonging to more than 100 safe deposit boxes from its vault particularly interesting). And I think it’s only going to get worse in the short to medium term as financial crises pop off all over the word (the 2008 global economic crisis was merely papered-over by governments and central bankers, who only “kicked the can” down the road a bit), and criminals grow bolder as public safety budgets are slashed.

All vault operators should strive to protect their customer’s valuables to the best of their abilities. In the wake of Hatton Garden and prior to this grittier operating environment I envision, management should take a second look at security infrastructure, procedures, and personnel, and follow through on implementation. Perhaps recent vault burglaries could be scrutinized as to what needs to be addressed?

Regrettably, I suspect it’s only a matter of time before we hear about a really ruthless assault on one of these facilities. Let’s hope the incident turns out to be just an exception rather than the rule because bank and private vaults took time to prepare.

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

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Related Reading: Fort Knox-Styled Armitage Vaults Opens In Central London

I just learned of a high-security self-storage facility that has opened in central London, England. The Armitage Secure Storage, or Armitage Vaults as the British media is calling it, bills itself as “London’s First Prime Self Storage Facility” and offers “high quality storage units in the centre of London.” Adrian Hearn reported on the Daily Mirror (UK) website Monday:

Britain’s super-rich are being offered a place to hide their most valuable items – in a Fort Knox style, bombproof bunker created in a former library basement.

The 10,000 sq/ft underground facility, which cost £30million to build, is situated up to 40ft below ground and has one-metre thick ferrous-concrete walls.

It has been designed to be virtually bombproof, fire-resistant, watertight and is aimed at people who need a secure facility following the Hatton Garden heist…

(Editor’s note: Bold added for emphasis)

Hearn added later in the article:

Bosses at Amazon Property have billed Armitage Vaults as the London’s answer to Fort Knox, claiming there is nothing else on this level in the capital.

Charles Gourgey, chief executive of Amazon Property, said: “We were inspired by the famous Fort Knox vault in Kentucky and there is nothing else like it in central London

Chris Lanitis, Director of Amazon Property adds: “The private clients occasionally bring friends or family to view the artwork and valuables being stored, whilst the corporate clients include private medical outlets and hospitals storing sensitive documents and equipment.

“There are also luxury retailers storing stock.”

(Editor’s note: Bold added for emphasis)

The Armitage Vaults website reveals the following about the operation:

Accessed from Bolsover Street, the facility provides convenient loading and unloading, allowing secure access from the street to the underground facility.

All units include the following:

-Secure loading access from the street to the underground facility
-On-site dedicated management team & security concierge
-Security reception is manned to ensure easy access and the highest levels of security
-24-hour CCTV
-Video-entry system
-Unit access via unique pin code
-Wide access units and high-end goods lift
-Climate controlled

The 135 steel-lined units for rent range from 6 square feet (“Designed for golf clubs, skis, or those sentimental possessions you need to keep safe”/£15 per week excluding VAT) to 100 sqaure feet (“Single garage size”/£140 per week excluding VAT), according to Armitage’s website.

Safe deposit boxes are not offered as far as I can tell.

Congratulations to Armitage Vaults on their launch. Offshore Safe Deposit Boxes wishes them all the best with their new secured self-storage facility. For more information about Armitage Vaults, head on over to their website here.

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

(Editor’s note: The mention of entities marketing themselves as secured storage facilities outside the U.S. 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:

Hearn, Adrian. “Fort Knox style bombproof bunker offers mega-rich Brits a secure place to hide valuables after Hatton Garden heist.” Daily Mirror. 23 Jan. 2017. (http://www.mirror.co.uk/news/uk-news/fort-knox-style-bombproof-bunker-9676467). 23 Jan. 2017.

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