Tag Archives: precious metals

Degussa Singapore Launches YouTube Channel

It’s been some time since I last blogged about the first Asian branch of Degussa, a leading international player in the precious metals world. Degussa Singapore opened its doors at 22 Orchard Road in October 2015 and operates a safe deposit box service in addition to selling bullion bars, coins, and precious gifts.

Yesterday I learned about Degussa Singapore’s recently-launched YouTube.com channel. From the “About” page:

On this channel we’ll offer some shopping inspirations as well as tutorials and interesting background information.

Michael Kempinski, Managing Director of Degussa Singapore, discussed “why gold and silver are coveted currencies and how you can protect your wealth against inflation and economic uncertainty” in the latest video (uploaded April 18):


“Five Reasons for Buying Gold”
YouTube Video

Good stuff. And the Orchard Road facility sure turned out nice.

Head on over to Degussa Singapore’s YouTube channel here for more videos.

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

(Editor’s notes: The mention of entities marketing themselves as precious metals vendors/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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Nomad Capitalist’s 5 Best Countries For Offshore Gold Storage

Research related to Monday’s post about precious metals storage in Singapore led me to a piece published last fall by Andrew Henderson over on the Nomad Capitalist website. I’ve mentioned Andrew and his company before on the blog, but for those readers not familiar with them, Henderson is the founder and managing partner of Hong Kong-headquartered Nomad Capitalist, billed as the “world’s leading offshore consulting firm.”

Back on September 28, 2016, Henderson wrote in “The five best countries for offshore gold storage”:

The world is a big place and not every country is made alike, especially when it comes to offshore gold storage. The following are our top picks here at Nomad Capitalist for best countries for offshore gold storage

(Editor’s note: Bold added for emphasis)

Their top picks? In alphabetical order:

-Austria
-Cayman Islands
-New Zealand
-Singapore
-Switzerland

Henderson proceeded to explain why these countries made the “top 5” for offshore gold storage before ultimately selecting a single nation for the “number one spot on this list.”

Another insightful read from Andrew Henderson, which you can view in its entirety here on the Nomad Capitalist website.

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

(Editor’s notes: The mention of entities marketing themselves as consulting businesses 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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Singapore’s ‘Strong’ Precious Metals Storage Infrastructure Anchors Trading Hub Push

It’s no secret that Singapore has become a global leader in the storage and safekeeping of private wealth.

In fact, the last mention of the Southeast Asian city-state on this blog concerned a December 12, 2016, article on the The Business Times (Singapore) website which noted privately-owned precious metals from around the world are finding their way to non-bank vaults in Singapore.

The Straits Times (Singapore) recently reported on the leadership of “The Lion City” in storing precious metals as part of a push to make Singapore a bullion trading “hub.” Jacqueline Woo wrote on April 13:

Singapore is in a good position to reprise its role as the region’s global precious metals trading hub, but there is still some way to go, said Singapore Bullion Market Association (SBMA) chief executive Albert Cheng…

Mr Cheng believes Singapore has the key features in place to become Asia Pacific’s global precious metals trading hub, given its strong financial, as well as precious metals storage and trading infrastructure

(Editor’s note: Bold added for emphasis)

An interesting piece, which can viewed on The Straits Times website here.

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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Next Degussa Numis Day To Take Place May 4, 5

Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has just posted information about their next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website:

The Next Numis Day

We appreciate and appraise your treasures- in Zurich and in Geneva

Coins tell of great civilisations; they bring history to life. And they are of enduring value. Do you wish to put a lovingly curated collection or individual items in the best of hands while benefiting from the extensive expertise of a renowned precious metals trading house? Then you have come to the right place. A simple phone call is all it takes to arrange an appointment at our next Numis day.

Location:
In our showroom in Quai du Mont-Blanc 5 in Geneva
Date:
On May 4, 2017 from 9 am to 5 pm.

Location:
In our showroom in Bleicherweg 41 in Zurich
Date:
On May 5, 2017 from 9 am to 5 pm.

We provide comprehensive advisory service.

Our coin expert Robert Eberlein will be there all day to evaluate your pieces and give you tips. He looks forward to discussing the finer points of numismatics with you.

You can rely on us to provide a fair market value determination, and, on top of that, to offer other marketing options: If you wish, you can sell directly to us at a fair price on Numis Day. Or we can consult with you and jointly determine the best marketplaces for your special treasures, for example, international coin auctions or prestigious Internet platforms.

Are you interested in coins as an investment? If so, our experts will also be happy to advise you on Numis Day. Numismatists have been collecting historical coins for centuries, and the popularity of this pursuit has not waned. If you wish, we can also represent you at auctions worldwide.

Do you wish to sell old gold?

Numis Day is all about historic coins.

Please arrange a separate appointment with us if you wish to evaluate and sell gold jewellery, old gold or silver.

For more information about Degussa’s next Numis Day or the company, visit their website 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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Potential Safe Deposit Box Environment Issues For Collectible Coins, Paper Money

Last Thursday, I blogged about a March 9 article on the Numismatic News website that discussed the advantages/disadvantages of keeping precious metals in bank safe deposit boxes and other “storage alternatives.”

In that piece, Pat Heller brought up a potential issue with the safe deposit box environment for collectible coins and paper money. Under “drawbacks” with these secured containers he wrote:

There is some risk of environmental damage from the chemicals used to clean that part of the building. Safe deposit boxes are not air-tight. What that means is that any harmful ingredients in the cleaning solutions, such as bleach, may leave vapors in the air which work their way onto the surfaces of whatever is in a safe deposit box. Having said this, however, it is true that we see environmental damage much more frequently to coins and paper money that were stored in damp basements or in attics than with items stored in a safe deposit box…

(Editor’s note: Bold added for emphasis)

Hmm. Later in March I read a different piece on the Numismatic News site which highlighted another possible issue with the safe deposit box environment for collectible coins. In a March 21 blog post Dave Harper discussed a reader’s concern that safe deposit boxes constructed out of plastic rather than metal could “discolor” or “degrade the base metals” of collectible coins. Harper responded:

As for whether your rolls are safe in plastic safe deposit boxes, I have no information.

No one has written with an evaluation or experience one way or the other…

(Editor’s note: Bold added for emphasis)

For those storing/planning to store collectible coins and paper money in safe deposit boxes, it might be wise to consider these two potential issues related to the storage environment going forward. I’m willing to guess there are products available on the market today that can effectively counter any real/potential environmental damage to such items.

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

Source:

Harper, Dave. “Is collecting fun or profit more important?” The Buzz. 21 Mar. 2017. (http://www.numismaticnews.net/buzz/collecting-fun-profit-important). 11 Apr. 2017.

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