Tag Archives: Ross Norman

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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London-Based Sharps Pixley Reports Run On Gold Bars, Coins

No doubt precious metals are on the minds of many investors after it became clear Tuesday morning billionaire and “reality TV” star Donald Trump had won the U.S. presidential election. And uncertainty over a Trump presidency has injected volatility in demand/prices. Eddie Van Der Walt reported on Bloomberg.com yesterday about developments over at the London, England-based precious metals showroom/safe deposit box service Sharps Pixley:

London-based gold dealer Sharps Pixley Ltd. is running out of bars and coins as buying surges after Donald Trump won the U.S. presidency.

The company’s store, a short walk from Buckingham Palace, has arranged emergency imports of Britannia coins and kilogram (2.2 pound) bars to meet demand. The frenzy began on its website overnight and continued in store this morning, Chief Executive Officer Ross Norman said by phone…

(Editor’s note: Bold added for emphasis)

Gold rocketed to over $1,330 an ounce on election night, but is now trading around $1,264/oz. as I type this.

Head over to the Bloomberg website here to read more about what transpired yesterday.

For more information about Sharps Pixley, visit 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: Coin Update Interview Of Sharps Pixley CEO Ross Norman

Last week I mentioned a WealthBriefing.com article that featured the new Sharps Pixley showroom/safe deposit box service in London, England. The other day I came across another piece about the operation on the Coin Update website (“Daily Coin Collecting News”). Michael Alexander recently interviewed Sharps Pixley CEO Ross Norman “to learn about the business’s new efforts to bring the benefits of bullion ownership to the ordinary consumer without involving an investment broker or paying out needless commissions.” During the discussion, the topic of the recently-launched safe deposit box service came up. From their exchange:

MA: Speaking of quantity, one of the services Sharps Pixley offers at this location is a depository for personal bullion holdings. How does this work? Are my holdings my own and in the form that I’ve purchased, or are they part of an overall greater deposit of bullion?
RN: We have both. You can rent a safe deposit box which is yours; it’s £250 a year for a small box that can hold up to £1 million in kilo-bars. Or we also offer vaulting for the larger investors which can include placing your holdings in custody in our vault. Or you can place your holdings at our offices in Switzerland, Germany, or even Singapore, so it is a myth that gold is expensive to store.
MA: An investor would be able to purchase from your offices and have their holdings in another country or take delivery outside the UK?
RN: Absolutely, and this isn’t “offshore banking,” this service simply offers the investor the option of holding or keeping an asset where they feel most comfortable. Our concept is that a safe haven isn’t just what you keep, but where you keep your holdings. In that regard, you have a choice in using our international offices, so you choose a location where you feel your investment would be safest.
Our new safe deposit box facility is rated as Class 10, which is the highest one can obtain. Alternatively, we can arrange to transfer your metal holdings to another overseas location in a matter of minutes by swapping bars in one location with another, saving you any shipping charges. All that changes are your bar numbers…

As I’ve mentioned before on this blog, Sharps Pixley’s parent company is Degussa, which also offers non-bank safe deposit box services (under the Degussa name) in Germany (Berlin, Cologne, Hamburg, Hanover, Munich, Nuremburg, and Stuttgart), Singapore, Spain (Madrid), and Switzerland (Geneva and Zurich). When Norman mentioned the transfer of holdings “to another overseas location,” I’m guessing he was referring to one (if not all) of these facilities.

You can read the article in its entirety here on the Coin Update 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: London’s Sharps Pixley Aims To ‘Democratise’ Gold Ownership, Storage

I came across an interesting article about gold the other day on the WealthBriefing website (“premier news, features and information source for the global wealth management sector”) which featured the new Sharps Pixley showroom/safe deposit box service in London, England (last blogged about here). Tom Burroughes wrote last Friday:

One marker that gold is attracting private investors comes in the form of Sharps Pixley, a firm that is part of Germany’s Degussa Group and which recently opened a showroom in London’s fashionable St James’s Street, complete with a facility for buying/selling gold and for storing it in deposit boxes. The business aims to push against the cliché that only mega-rich investors, central banks and corporations buy or sell gold. In the words of Ross Norman, chief executive of Sharps Pixley’s facility, this business wants to “democratise” ownership of gold. To some degree the arrival of such a business represents a case of money turning full circle in a country such as the UK, which for years has seen gold relegated to a minority or eccentric pursuit. That appears to be changing…

(Editor’s note: Bold added for emphasis)

Wouldn’t dare steal Burroughes’ thunder here. You can read the entire piece on the WealthBriefing site via this link. And 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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London’s Sharps Pixley Launches Safe Deposit Box Service

Back on January 20, I blogged about the opening of two new private, non-bank safe deposit box facilities in the United Kingdom. One of these was Sharps Pixley in London (England), which dates back to 1778 and is an original member of London’s twice-daily gold price fixing establishment. Earlier today while catching up on research after my “spring break,” I learned that Sharps Pixley actually opened its retail bullion shop earlier this year, with the safe deposit box service only launching last week. James Pickford reported on the Financial Times (UK) website Friday:

Why did pirates wear gold earrings? So that when they came to a violent or disease-ridden end on a distant shore, they might stand a greater chance of getting a Christian burial, paid for by the jewellery on their body.

It is a historical nugget offered by Ross Norman, chief executive of bullion dealer Sharps Pixley, as a lighthearted illustration of gold’s age-old international appeal.

Mr Norman was making the case for the precious metal as he opened a safe deposit box facility this week in the well-heeled locale of London’s St James’s, beneath a retail bullion shop which Sharps Pixley launched in January.

With 2,500 boxes, the secure facility means it is now possible for a passer-by to walk in- or strictly speaking, be buzzed in by watchful staff- buy a bar of gold (or silver, platinum or palladium), and see it stored on the premises, for an annual fee starting from £250 for the smallest box…

(Editor’s note: Bold added for emphasis)

As I’ve mentioned before on this blog, Sharps Pixley’s parent company is Degussa, which also has vaults outside the banking system (under the Degussa name) in Germany (Berlin, Cologne, Hamburg, Hanover, Munich, Nuremburg, and Stuttgart), Singapore, Spain (Madrid), and Switzerland (Geneva and Zurich).

It’s an interesting piece about the latest Sharps Pixley service offered to the public, where the FT crew talked about their visit to the private vault that reportedly took nearly a year to build. You can read it in its entirety here on the Financial Times website (or enter article title “Gold finds a new home beneath London’s streets” in preferred search engine).

Offshore Safe Deposit Boxes wishes Sharps Pixley (Degussa) all the best with this new safe deposit box service in London. For more information about the Sharps Pixley facility, you can 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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