Tag Archives: Offshore Private Vaults

List Of Offshore Private Vaults Updated

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- was recently updated.

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

-Hong Kong (Royal England Safe Deposit Box Ltd.)
-Thailand (Magna Carta Law Office, Pattaya)

Only two for now. Any new 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

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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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Martin Armstrong: Old Gold Coins Better Than Bullion Against Confiscation

In two January blog posts on his company’s website, economist Martin Armstrong shared what he thinks is the most effective way to possess and retain physical gold in the face of government confiscation.

On January 10, Armstrong advised his blog readers:

As we move forward, it will be best to hold assets out of banks and out of currency. They can even declare gold a criminal act to possess, which is why I suggest genuine old coins rather than bullion. Just another layer of protection…

(Editor’s note: Bold added for emphasis)

On January 16, the head of Armstrong Economics elaborated:

Coins are better than bullion for they have some historical value. Their historical value could be an excuse to prevent confiscation if government simply declares that “gold is for criminals,” as they are trying to do with cash. I believe Trump would not go along with that move…

(Editor’s note: Bold added for emphasis)

I can’t fault Mr. Armstrong’s insistence on holding assets “out of banks and out of currency” considering recent events of wealth confiscation (as catalogued on this blog’s sister site- Offshore Private Vaults) being carried out by governments and banks around the world.

Neither can I argue with the economist’s recommendation of “old coins” versus bullion as it concerns potential gold confiscation. “Just another layer of protection” might be a good thing considering the uncertain times we live in today.

That being said, proponents of bullion contend numismatic coins mean “less bang for the buck” (less gold for your money) and there’s no guarantee this form of the yellow metal will be exempted from a future confiscation.

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.)

Sources:

Armstrong, Martin. “Monetary Devaluations & Cancellations” Armstrong Economics Blog. 10 Jan. 2017. (https://www.armstrongeconomics.com/history/ancient-economies/monetary-devaluations-cancellations/). 17 Jan. 2017.

Armstrong, Martin. “Gold Bullion v Coins.” Armstrong Economics Blog. 16 Jan. 2017. (https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-bullion-v-coins/). 17 Jan. 2017.

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New 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:

Barcelona Vaults (Barcelona, Spain- opening June 2016)
Fish Brothers (London and its suburb Southall, England)
Montgomery Security Vaults (Lagos, Nigeria)
Panama Vaults (Panama City, Panama)
Safe Independent Co. (Pattaya, Thailand)
SINCONA TRADING (Zurich, Switzerland)
Tov Hazel (Rotterdam, Netherlands)

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.)

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