Tag Archives: Spain

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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Latest 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:

City Bunker (San Pedro Garza García, Mexico- translated)
Hausler (Córdoba, Argentina- translated)
Punta Carretas Cofres Fort (Montevideo, Uruguay- translated)
Service & Meetingpoint Saxenwald (SMS) (Reinbek in Hamburg metro area, Germany)
Telesforo Gestión (Oviedo, Spain- translated)
The Vault Australia (Sydney, Australia)

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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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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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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