Offshore Gold & Silver Bullion Storage
Looking For A Safe Place To Store Your Gold & Silver Offshore Without Your Precious Metals Being Halfway Around The World?
If so, then meet The Cayman Vault. Through The Cayman Vault, SD Bullion offers a simple solution that is outside of United States Jurisdiction, yet only a 3-4 hour flight from most major US cities.
In fact ,here are the top benefits of storing your precious metals in the Cayman Islands
- Outside US Jurisdiction: The Cayman Islands is in the top 5 of the world’s largest financial centers. Economic freedom is both respected and acknowledged by the government and citizens of the Cayman Islands. The Cayman Vault bullion depository does not have any wealth-reporting requirement to it’s own government nor any foreign government.
- Segregated, Allocated & Insured: When you store your gold, silver and platinum in The Cayman Vault depository, you will be able to do so with complete peace of mind. Your precious metals investment is always one hundred percent segregated, allocated and insured. Your items are stored securely in a UL, Class 3 rated vault.
- Location, Location, Location: Probably the biggest draw for our current Cayman Vault clients is proximity. Many urban centers in North America can reach the islands within half a day. All major airlines have a presence in the Cayman’s. This proximity allows a client to take a vacation and check on their precious metals in person... at the same time.
How It Works
Open Your Storage Account
Complete and return a precious metals storage account application form. Once the completed application is received, the Cayman Islands offshore storage team will then prepare a personalized storage agreement and send it to you for your review (Click here to download the following applications: Individual/Joint, Business, or Trust.
Purchase Precious Metals To Store
If you haven't done so already, SD Bullion can assist you with purchasing gold bullion, silver bullion and platinum bullion for your offshore storage account. If you already own precious metals, the SD Bullion team can assist you with getting your metals to your offshore storage account.
Relax Knowing Your Metals Are Safe & Secure
While storing your gold and silver in the Cayman Islands bullion depository, you will receive regular inventory statements and an annual independent audit statement. Your storage account will be billed on a quarterly basis.
How Much Does It Costs?
A lot of precious metals investors see storing gold, silver and platinum overseas as something extremely expensive. So how much does it actually cost? Here are some examples of what your quarterly storage fees would be based off the following spot prices...
Storage Rates Example
|Silver Spot $18.50||Gold Spot $1,250.00||Platinum Spot $950.00|
Why Invest in Precious Metals?
“For more than two thousand years, gold’s natural qualities made it man’s universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper.”
-Hans F. Sennholz
Before we get to the benefits of storing gold and silver in an offshore storage, let us first understand why it is advantageous to invest in precious metals in the first place.
Gold is the oldest known currency in the world; precious metals are an ancient symbol of wealth and investing in them is a very efficient way to expand and balance your entire portfolio. These precious metals are naturally occurring finite resources that cannot be controlled by any single government or financial institution. Thus, investment planners advise that they make a great addition to any portfolio, as they will always hold intrinsic value.
The most common of these precious metals are gold, silver and platinum, and investments can be made in them using multiple vehicles such as bars and coins, to name a few. Once you have decided to invest in precious metals, it is important to choose the vehicle you will use, as that will determine how you store them. The most common way of investing in precious metals is by purchasing bullion coins and bars, as they are the easiest to store and have the best long-term resell value.
Now that we’ve covered the benefits of investing in precious metals, let us make this investment even more safe by exploring the benefits of storing these precious metals offshore.
Why Offshore Precious Metals Storage?
Most precious metals investors are somewhat familiar with Executive Order 6102 that was initiated under Roosevelt’s term as president. This was a ruthless law, which commanded all citizens to surrender all the gold that they possessed to the government at a rate of $20 per ounce. The order also criminalized the possession of monetary gold anywhere in the United States. A similar occurrence happened in 1959, in Australia. In fact, governments have been doing this since the Second World War, when Hitler invaded Prague and demanded that their gold reserves be transferred to his account.
When things go south, governments have been known to take extreme measures. Thus, it would seem fair, since one is investing in precious metals with their hard-earned money, that they should consider offshore storage, to secure the investment as best as possible.
Internationalization is an important financial investing strategy in this day and age when the risk of markets or governments collapsing is at an all time high. Hence, it makes fiscal sense to have at least some of your wealth invested in traditional investment instruments like precious metals and stored outside your home country so that you are not at the mercy of your government’s extreme policies and litigation decisions.
One of the common setbacks for investors considering offshore storage is the shipping cost involved in transporting physical precious metals to overseas vaults "halfway across the world." However, with the convenient location of The Cayman Vault, shipping costs are much less than other common offshore storage options available on the market today.
Another quintessential benefit of offshore storage for your precious metals is the litigation advantages you receive when your storage facility is a private player in a different country, i.e. not under the jurisdiction of your home government’s laws.