Storing your gold and silver in a safety vault may be handy and convenient, but as capital control is increasing every day, you may want to consider buying and storing your gold and silver abroad, for unrestricted transfer and selling in the future. Offshore gold storage prevents gold confiscation and keeps your gold’s selling price stable and as high as it can be. Storing gold in a safe, stable jurisdiction out of your home government’s reach is very advantageous, especially if you’re living in a bankrupt nation. With the right storage partner, you might have just protected your gold and silver from confiscation and devaluation. The value of your metals may even increase overtime because it is not affected by inflation.
For the past years, Singapore has rapidly become one of the world’s best place for gold and silver investors and entrepreneurs to safely invest their precious metals and build their own businesses. Why is this so? That’s because it’s just so easy. Regulation is minimal, corruption is almost non-existent in their government, and the tax structure is very friendly to foreign businesses and investors. The growth of Singapore's precious metals industry and its reputation as one of the safest countries in the world makes it a great location to buy and store precious metals.
This positive attributes made Singapore offshore gold storage in Singapore one of the safest and most convenient in the world. Safe because the criminal rate in Singapore is nearly zero. Convenient because you can just withdraw and deposit your gold and silver with just a short process. Transaction is easy and effortless. According to the Sovereign Man blog, airport customs doesn’t even require to know as much information about your precious metals as in other countries when they pass through the airport. Authorities in Singapore view gold and silver as commodities and not as a reportable currency, so there are