Tag Archives: Japan

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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Related Reading: Malca-Amit’s New UltraVault Safe Deposit Box Service Profiled By South China Morning Post

Malca-Amit, “widely recognized as the world’s leader in diamonds, jewellery and precious metals logistics and storage,” recently launched its UltraVault safe deposit box service in Asia. According to the UltraVault website:

Our innovative portable safe deposit box enables you to:

-View, withdraw or store your assets any time of the day or night
-Select the location of your choice for viewing
-Select the time of your choice, 24 hours a day, 7 days a week…

“Portable safe deposit box.” Interesting. Last Sunday, Enoch Yiu reported on the South China Morning Post (Hong Kong) website:

Hong Kong’s recent string of high profile burglaries has sparked demand for safe storage of valuables such as gold bars and jewellery, prompting one company to develop an on-call safe deposit box service known as Ultra-Vault.

Malca-Amit, a company which specialises in safe depository services, launched the new service in September, targeting wealthy clients in Hong Kong and Singapore, according to company president Nigel Paxman.

“There has been strong demand for mobile vault services in both Hong Kong an Singapore since the launch,” Paxman said. “It is so successful that we have decided to expand the services to London, New York and Tokyo at the end of this year or early next year.”

(Editor’s note: Bold added for emphasis)

An informative read, which you can view in its entirety here on the SCMP webiste.

While I plan to blog about UltraVault more in-depth in the coming days, at this time Offshore Safe Deposit Boxes would like to offer Malca-Amit all the best with its new offering.

For more information about UltraVault, head on over to the service’s website here.

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

(Editor’s note: The mention of entities offering safe deposit box/locker storage 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: Japanese Gold Owners Look To Switzerland For Storage, Protection

Switzerland still has significant appeal for Asians who own gold. Masumi Suga and Ichiro Suzuki reported on the Bloomberg website July 7:

Japanese investors are buying gold to store in Switzerland because of negative interest rates and fears the yen will depreciate as the government grapples with the heaviest public debt burden in the developed world, according to BullionVault Ltd., an online trading and storage company.

The number of buyers jumped 62 percent in the first six months from the second half of 2015, Atsuko Sato Whitehouse, head of Japanese markets at the London-based investment service, said this week…

“Many of our Japanese customers think it’s too risky to hold gold bars at home and they want to keep them in Switzerland because they are anxious about the future of Japan,” Whitehouse said in an interview…

(Editor’s note: Bold added for emphasis)

Suga and Suzuki talked more about BullionVault’s Japanese customers, as well as its American and British clients.

An interesting piece, which you read in its entirety on the Bloomberg website here.

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

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List Of Offshore Private Vaults Updated

The other week, I mentioned that I was updating this blog’s sister site- Offshore Private Vaults. Specifically, the list of overseas non-bank vaults.

This morning, I wrapped up the quarterly update. Information for some vaulting facilities has changed. And while two listings were removed, a bunch more were added. New geographic locations for private vaults include China (Beijing, Shanghai, and Shenzhen), Germany (Cologne, Hamburg, and Nuremburg), Japan (Tokyo), Macau, and Thailand (Pattaya).

Furthermore, there were some administrative updates as well. In particular, entries marked with a single asterisk are vaults offering safety deposit boxes by themselves and in conjunction with precious metal buys. Two asterisks are vaults offering boxes only with precious metal purchases. It had been the opposite (two and one) previously.

Feel free to check out the newly-updated list. If you believe any additional changes should be made, please don’t hesitate to contact me.

Christopher E. Hill
Editor

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