not so easy as i already mentioned its under obligationsrecht which means only a swiss court order can make them move.
also there are possibilities if you are ok with your manager that even officals lose power over it.
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Any thoughts on GVS Bullion?
- Thread starter Enzo Marchetti
- Start date
also there are possibilities if you are ok with your manager that even officals lose power over it.
Sure, as it can happen anywhere else in the world.
If you are on the "Most Wanted" list than you should not use any legal depositary. Otherwise they are o.k.: Your stuff is stored safely + you can insure it.
Overall a duty free warehouse or freezone gives you much more privacy than any bank on Planet Earth.
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Please post a link of that "not so recent news".
I am not aware of any seizure of legitimate gold from a Swiss duty-free warehouse or port franc in recent years.
Note: LEGITIMATE gold! Not some obscure arm dealers, druglord or what ever else criminal's gold.
That's a stolen painting. Obviously stolen by Nazis. I can only applaud authorities when they take action on this.
However, this has nothing to do with what @369 suggested. We are talking about a safe place to store legitimate items (in this case gold) where the storage location gives more privacy than what banks do these days.
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You are always welcome to prove its legitimacy in court. Sometimes prosecutors are wrong, sometimes judges are wrong. In the meantime, it will remain confiscated.
It’s the same as a bank.
Anyone who believes that storing his stuff with a third party is better than self-storing deserves to have it frozen/stolen/confiscated
the only way for swiss authority to go after your legetime metals is when swiss bans gold which is never going to happen and thanks to its democracy would be nearly impossible to force through even if wanted.
But still there is a trick to get your metals out of swiss authority even it is indirectly still stored in switzerland
And no its not the same as storing in a bank. Obligationsrecht in switzerland is very strict making your warhouse receipt a security.This can't be just taken away.Thats the guarantee of "obligationsrecht" and which country would you trust more than switzerland to execute their own laws.
If they break that law than there is no swizterland anymore.That would mean back to stoneage.
"Impossible" in a democracy was to force random businesses to close in a hurry and emergency and prohibit people from working in their own jobs and walking hand in hand with their spouse thru the city. -- Oops... something like that happened not too long ago.
If something like that goes down, anything related to Gold will go down 10x easier since most do not care about Gold.
That said, it may or may not happen. I do not believe Gold will be confiscated nor outlawed as it is highly immobile today and you cannot hide it well during transportation due to all sorts of scanners (which were absent in the past).
High tax when cashing it in is most likely.
Is storing at a free zone in Switzerland or Singapore anonymous? Do these free zones require you declare what you are storing...even if it's only for insurance purposes? Please explain in which ways such an option is better than storing at the Perth Mint (and remember Perth Mint is not a bank).
Buy silver if this concerns you.
Silver, platinum and palladium will go 10x if they ban gold.
It is not anonymous. I never said that.
You will have to show your ID to register, you will have to declare and list every single item if you want to fully insure your stuff (whatever it might be).
There are options were you can do "value insurance" without exactly declaring that it is gold or diamonds or whatever else. But that is a gimmick because at the end it is clear that you insured the amount X in your name.
So what's the advantage of "offline" compared to online purchase + online storage of gold: A higher degree of privacy.
Even though Perth Mint (or any other mint for that purpose) is not a bank, you purchase online with them and let them store your gold. You use the mint as a one-stop-shop without ever having seen your gold.
First of all, I do not trust these online mint sellers (no matter if AU or CH), specifically when they are owned by the government. You data will easily be put into a database and connected with what ever authority.
Second, when you store gold in a duty free warehouse or freezone you have direct access to your physical good, can take it out easily whenever you want.
Third, it is much more difficult for authorities to connect you to a specific warehouse where you store your gold physically than it is for the very same authority to figure out that you purchased gold online at Perth Mint (or any otheronlin seller) and and have it in storage with them.
Fourth, gold is by its very nature an offline item. It has nothing to do with the digital world. Since mankind is already too dependent on online/digital/internet, why would I want to give away the last piece of monetary freedom and submit sheeply to the digital world .... (?)
The only reason to own gold is "freedom" and "independence". If you give that away by puting your gold in online storage and purchase it online, you can just buy a fully regulated gold ETF which is a lot cheaper and safer.
Sat in my apartment here 500 yards from one of the world's biggest gold markets. With a wallet full of AED and after a couple visits into any of the thousands of gold dealers you could have more anonymous gold than you'd know what to do with 
If bars aren't your thing there's simple 22k jewelry that's effectively bullion available with no makers fee and ridiculously close to spot. From experience airports don't bat an eye.
If bars aren't your thing there's simple 22k jewelry that's effectively bullion available with no makers fee and ridiculously close to spot. From experience airports don't bat an eye.
A 2kg gold chain with a medallion bearing the portrait of Sheikh Zayed on it is unarguably the best way to buy and store/wear gold.
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