Tag Archives: Germany

Sharps Pixley Promo: Free Gold Bar With A Safe Deposit Box In London

Regular readers of Offshore Safe Deposit Boxes may remember my mentions of Sharps Pixley, which dates back to 1778 and is an original member of London’s twice-daily gold price fixing establishment, opening up a private, non-bank safe deposit box service last year.

Yesterday I learned of a promotion being offered by Sharps Pixley, whose parent company is Degussa, which also has vaults/boxes outside the banking system (under the Degussa name) in Germany (Berlin, Cologne, Hamburg, Hanover, Munich, Nuremburg, and Stuttgart), Spain (Madrid), and Switzerland (Geneva and Zurich). From a LinkedIn post Thursday by Sharps Pixley CEO Ross Norman:

“FREE GOLD BAR WITH A SAFE DEPOSIT BOX IN LONDON”

We are giving away a free small gold bar for every SAFE DEPOSIT BOX taken at our St James’s Street, London bullion showroom.

(Editor’s note: Bold added for emphasis)

For more information about this promotion, contact Sharps Pixley directly (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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Related Reading: Switzerland, Canada, United Kingdom Top U.S. News & World Report’s 2017 ‘Best Countries’ Rankings

Here’s an annual survey one might consider when selecting an offshore safe deposit box location.

U.S. News & World Report just released its “Best Countries” rankings for 2017. Kevin Drew reported Tuesday morning on the American media company’s website:

Switzerland is viewed as the No. 1 overall country, according to a survey of more than 21,000 people from 36 countries in all regions of the world. People regard the European country highly for its citizenship, being open for business, an environment that encourages entrepreneurship, the quality of life it provides its citizens and for its cultural influence.

Switzerland is one of 20 new countries evaluated this year, as the total number of nations assessed in the survey grew to 80.

Canada finished No. 2 overall and the United Kingdom No. 3, as both did last year. Germany fell from its top spot in 2016 to No. 4 this year, while Japan moved up two positions to No. 5 overall…

(Editor’s note: Bold added for emphasis)

As for the United States? It placed seventh, behind Sweden.

Head on over to the U.S. News & World Report site here to view the entire article and access the overall rankings.

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 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.)

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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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Consider Country Corruption Perceptions When Selecting Location For Offshore Safe Deposit Box

Over the last year I’ve provided blog readers with some potential resources for determining where to open an overseas safe deposit box.

On February 29, 2016, I pointed out Mercer’s 18th annual Quality of Living Survey.

On March 7, 2016, I identified HSBC Bank’s 8th annual Expat Explorer Survey.

This morning, I’m going to talk about another possible resource with Transparency International’s Corruption Perceptions Index for 2016. From the Facebook page for the Berlin-based international non-governmental organization:

Transparency International (TI) is the global civil society organisation leading the fight against corruption. TI challenges the inevitability of corruption, and offers hope to its victims…

Our best-known tool is the annual Corruption Perceptions Index (CPI), which measures the perceived level of public-sector corruption around the world…

(Editor’s note: Bold added for emphasis)

And from a January 25 press release regarding the 2016 edition of the CPI:

69 per cent of the 176 countries on the Corruption Perceptions Index 2016 scored below 50, on a scale from 0 (perceived to be highly corrupt) to 100 (perceived to be very clean), exposing how massive and pervasive public sector corruption is around the world. This year more countries declined in the index than improved, showing the need for urgent action…

Denmark and New Zealand perform best with scores of 90, closely followed by Finland (89) and Sweden (88). Although no country is free of corruption, the countries at the top share characteristics of open government, press freedom, civil liberties and independent judicial systems…

(Editor’s note: Bold added for emphasis)

Rounding out the “top ten” were:

5. Switzerland
6. Norway
7. Singapore
8. Netherlands
9. Canada
10. 3-way-tie between Germany, Luxembourg, and the United Kingdom

The United States came in at number 18, falling from 16th place a year earlier.

You can view 2016’s Corruption Perceptions Index here on Transparency International’s website.

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 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.)

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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: Strong Demand In Germany For Safe Deposit Boxes

Back in March and May of this year I blogged about Germans looking to safe deposit boxes to preserve their wealth in a negative interest rate environment. Tuesday night I came across a related article by The Sovereign Society’s editorial director JL Yastine on the Sovereign Investor Daily website. Discussing the subject of negative rates, Yastine wrote:

Negative rates aren’t just spurring European banks to consider a cash-heavy, vault-stuffing strategy. Regular folks are doing it too.

At some banks in Germany, demand for safe-deposit box rentals is three times what it was just a handful of years ago. At others, 80% of all the deposit boxes are already leased out. In smaller branches, it’s tough to find a deposit box at all.

The CEO of EGF, a German company that manufactures safe-deposit boxes, told one publication that they’re selling 20,000 boxes a year to banks, “and demand is still rising.”

(Editor’s note: Bold added for emphasis)

As I’ve noted before, Germany is also home to a number of safe deposit box facilities outside the banking system.

A good read, which you view in its entirety on The Sovereign Investor Daily website here.

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

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