Tag Archives: United Kingdom

Sharps Pixley Promo: Free Gold Bar With A Safe Deposit Box In London

Regular readers of Offshore Safe Deposit Boxes may remember my mentions of Sharps Pixley, which dates back to 1778 and is an original member of London’s twice-daily gold price fixing establishment, opening up a private, non-bank safe deposit box service last year.

Yesterday I learned of a promotion being offered by Sharps Pixley, whose parent company is Degussa, which also has vaults/boxes outside the banking system (under the Degussa name) in Germany (Berlin, Cologne, Hamburg, Hanover, Munich, Nuremburg, and Stuttgart), Spain (Madrid), and Switzerland (Geneva and Zurich). From a LinkedIn post Thursday by Sharps Pixley CEO Ross Norman:

“FREE GOLD BAR WITH A SAFE DEPOSIT BOX IN LONDON”

We are giving away a free small gold bar for every SAFE DEPOSIT BOX taken at our St James’s Street, London bullion showroom.

(Editor’s note: Bold added for emphasis)

For more information about this promotion, contact Sharps Pixley directly (website here).

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

(Editor’s note: The mention of a particular business 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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The UK’s Royal Mint Now Offers Non-Bank Safe Deposit Boxes

I recently learned that the United Kingdom’s Royal Mint, one of the world’s leading manufacturers of coins and medals whose roots extend back some 1,100 years, now offers safe deposit boxes to the general public. The Royal Mint Secure Storage program was launched this past summer, and has since been labeled as “the most secure in the industry” by Charles Holmes, Chairman of the British Safe Manufacturers Association. From a Royal Mint news release dated August 11, 2017:

The Royal Mint has launched a new service- The Royal Mint Secure Storage- that will enable members of the public to store their items of value within the organisation’s high-security walls at its site in Llantrisant, South Wales.

Director of The Royal Mint’s Consumer business, Anne Jessopp, said “We wanted to create a secure storage facility that is ‘safer than houses’ for members of the public to store their high value jewellery, heirlooms, documents and even articles of sentimental value – objects that may be at risk when stored in the home.”

To date, purchasers of The Royal Mint’s bullion coins and bars have been able to take advantage of the organisation’s secure vaulting service. Now, the brand new facility – The Royal Mint Secure Storage – will enable customers to place other valuables in the hands of the 1000-year organisation, safe in the knowledge that they are guarded by some of the most stringent ex-military security services in the land.

Once entering the site, which is minutes from M4 junction 34, north west of Cardiff, visitors to The Royal Mint Secure Storage will be greeted personally before passing high barbed wire fences, 360 surveillance and biometric security measures to access the secure storage area. Safe deposit boxes in a range of sizes can be hired from as little as three months, and a concierge service is on offer to help with transporting items from vehicle to storage.

“The Royal Mint already has world class security in place,” said Ms Jessopp. “The creation of The Royal Mint Secure Storage was the next logical step, giving customers complete peace of mind for the storage of their valuable items.”

(Editor’s note: Bold added for emphasis)

As far as I know, this is the only government-owned mint that offers safe deposit boxes to the public.

An interesting program, which you can read all about here on The Royal Mint’s website.

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

(Editor’s note: The mention of a particular organization 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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List Of Offshore Private Vaults Updated Again

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- has been updated again.

Safe deposit facilities have been added under the following countries:

• Australia (Australasian Vaulting Industries (AVI), Bella Vista (Sydney suburb) and Kuber Vaults, Castle Hill (Sydney suburb))
• Poland (Slaskie Sejfy, Katowice)
• United Kingdom (The Royal Mint Secure Storage, Llantrisant, Wales)

Any 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

(Editor’s note: The mention of a particular business 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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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 have been added under the following countries:

• Israel (Brickstone Private Safe Services, Tel Aviv)
• Latvia (Rigas Seifi, Riga)
• Liechtenstein (Trisuna Lagerhaus AG, Triesen)
• United Arab Emirates (MySafe, Dubai)
• United Kingdom (Edinburgh Vaults, Edinburgh, Scotland and Nottingham Vaults, Nottingham, England)

Any 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

(Editor’s note: The mention of a particular business 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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Merrion Vaults Plans To Open Liverpool, Nottingham Safe Deposit Box Facilities

Irish businessmen Séamus Fahy and David Walsh are at it again. It’s being reported that the founders of Merrion Vaults in Dublin are looking to add to to their existing family of private, non-bank vaults with safe deposit boxes in Ireland, Scotland (Glasgow Vaults), and England (Newcastle Vaults). Barry O’Halloran wrote on The Irish Times website last month:

Safekeeping specialist Merrion Vaults is spending up to €2 million on an expansion that will see it open new safety deposit box centres in Liverpool’s landmark Royal Liver Building, other British cities and possibly Europe.

Merrion Vaults runs a purpose-built safety deposit box facility on Dublin’s South Cumberland Street, close to Merrion Square, which it opened in 2013 after its founders, businessmen Séamus Fahy and David Walsh, identified strong demand for the service.

Mr Fahy confirmed at the weekend that the Irish company is planning to open in Liverpool and Nottingham in England, to follow vaults that are already up and running in Glasgow and Newcastle…

(Editor’s note: Bold added for emphasis)

According to the Liverpool Vaults website, the facility is scheduled to open in January 2018.

O’Halloran added that the company “could target Edinburgh” and is “now weighing a move to the continent.”

An interesting article, which you can read in its entirety over on The Irish Times website here.

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

(Editor’s note: The mention of a particular business 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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OECD Tax Chief: ‘Paradise Papers’ Activity Mostly, If Not Totally, Legal

A parting note to that prior discussion of the so-called “Paradise Papers.” Vanessa Houlder reported the following on the Financial Times (UK) website Monday:

But for tax experts, the conclusions were less clear. They said the structures revealed so far in the new cache were very different from those exposed in a previous leak, last year’s Panama Papers. Pascal Saint-Amans, the top tax official at the Paris-based OECD said: “They are quite different from the Panama Papers.” He said the schemes in question were mostly, if not totally, legal. “Some are not even questionable from a legitimacy point of view.”

(Editor’s note: Bold added for emphasis)

I’ll leave readers with this amusing bit from across the pond on the Daily Express (UK) website yesterday. Stephen Pollard wrote:

Take the headlines about the Queen. “Revealed: Queen’s private estate invested millions of pounds offshore” screamed The Guardian. The paper “revealed” that Her Majesty “through the Duchy of Lancaster has held and still holds investments via funds that have put money into an array of businesses, including the off-licence chain Threshers and the retailer BrightHouse, which has been criticised for exploiting thousands of poor families and vulnerable people”.

Are they really suggesting it is inappropriate for the Queen to hold investments anywhere except Britain? What about Bermuda or the Cayman Islands where, er, she is their head of state? She’s not allowed to invest in her own territories?

As for the phrase “offshore”: it is essentially meaningless. Britain is “offshore” for anyone who isn’t in Britain. One of the secrets of our economic success in recent decades is that we are an attractive place to invest money – offshore, that is, for the rest of the world.

If investing offshore is so appalling for the Queen, presumably it is for everyone else too – which means, from the perspective of Britain, everyone else on Earth except for us. Which means an end to all foreign investment in the UK. Then there is the hypocrisy of the reaction. According to Jeremy Corbyn anyone putting money into tax havens should “apologise”. As the Guido Fawkes website pointed out: the Labour Party rents its HQ via a tax exempt property fund based in Jersey. Nothing wrong with that, it’s completely legal…

But the gold medal for hypocrisy surely lies with The Guardian, which published the Paradise Papers and fulminated against people taking advantage of laws to minimise their taxes. Without mentioning, of course, The Guardian’s own “GMG Hazel Acquisition 1 Limited”, which is based in the Caymans– to minimise its tax payments…

(Editor’s note: Bold added for emphasis)

Not our circus, not our monkeys, as Offshore Safe Deposit Boxes merely focuses on the secured storage of legally-obtained and owned personal belongings outside the United States for a variety of legitimate reasons. And not offshore finance.

Still, begging to pointed out considering all the hoopla over the “Paradise Papers” in the legacy media these days?

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

Sources:

Houlder, Vanessa. “Paradise Papers spark political backlash over offshore finance.” Financial Times. 6 Nov. 2017. (https://www.ft.com/content/70aca220-c30a-11e7-b2bb-322b2cb39656). 9 Nov. 2017.

Pollard, Stephen. “Hypocrisy over the Paradise Papers is truly breathtaking says STEPHEN POLLARD.” Daily Express. 8 Nov. 2017. (http://www.express.co.uk/comment/expresscomment/876903/Paradise-Papers-hypocrisy-shocking). 9 Nov. 2017.

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Bloomberg.com: Private Vaults Expanding To Meet Demand

Several noteworthy articles relating to the focus of this blog came out during my sabbatical. One piece readers might find interesting (if you haven’t read it already) appeared on Bloomberg.com back on June 6, 2017. Thomas Seal and Eddie Van Der Walt penned “The New Gold Rush Is All About Vault,” observing:

From safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand

Political surprises like Britain’s decision to leave the European Union and the election of Donald Trump as U.S. president have shaken investors over the past year. At the same time, negative interest rates have persisted across much of Europe and inflation has shown signs of life, threatening to wipe out the fixed coupon payments offered by bonds and increasing the allure of storing wealth in a dark room with walls of tempered steel

(Editor’s note: Bold added for emphasis)

London-based Metropolitan Safe Deposits chief executive Christopher Barrow (who I’ve mentioned before on the blog) appeared in the article. Seal and Van Der Walt wrote:

Christopher Barrow, the CEO of Metropolitan Safe Deposits Ltd., said the firm is increasing its capacity “all the time,” as demand has never been greater. “We have very substantial vaults and our St. John’s Wood vault is not too far from full capacity.”

(Editor’s note: Bold added for emphasis)

An insightful piece, which you can read in its entirety on Bloomberg.com 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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