Tag Archives: Sharps Pixley

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: Gold Popular With British Post Brexit

Earlier today I came across an interesting article on Reuters.com about the popularity of physical gold with British citizens in the wake of the historic “Brexit” vote. Clara Denina reported this morning:

Dealers are seeing an unprecedented amount of interest in gold, much of it from first-time buyers, to take advantage of its role as a safe haven in times of stress or unexpected “black swan” events like Brexit.

“The speed at which people are purchasing gold is unprecedented,” said Joshua Saul, CEO of The Pure Gold Company, where Hall bought and keeps her Britannia coins.

“We are seeing people convert as much as 40 to 50 percent of their net worth into physical gold, (compared to) 5 to 10 percent in the past,” he said…

(Editor’s note: Bold added for emphasis)

Converting 40 to 50 percent of their net worth into physical gold.

If that’s what’s really taking place- wow.

The new Sharps Pixley showroom/safe deposit box service in London, England, was also mentioned in the piece. Denina added:

Adam Cleary, 42, bought gold ahead of the referendum to protect himself from the event of a Brexit vote but also because of his distrust of the banking system.

He explained the attraction by harking back to the old days of trade.

“It cannot be canceled, it cannot be confiscated, it cannot be taken away,” he said in the showroom of dealer Sharps Pixley, where investors can keep their investments in safety deposit boxes.

(Editor’s note: Bold added for emphasis)

You can read the entire article on the Reuters 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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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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