Preview

Offshore Gold Storage

Good Essays
Open Document
Open Document
879 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Offshore Gold Storage
Gold and Silver in Singapore- Store Your Metals Offshore for Protection

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

You May Also Find These Documents Helpful

  • Good Essays

    Barrick Gold

    • 1173 Words
    • 5 Pages

    Despite all these opportunities, the gold supply from mines had constraint issues that were due to several factors such as higher capital costs and long leadtimes to build new mines as well as complex regulatory requirements. In order to support the gold market, there were capital investments that were made in order to deliver more. By these capital commitments this eliminated free cash flow generation.…

    • 1173 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    2. A mining firm can also create competitive advantage by selling the gold with hedging the risk of gold price. When a mine is discovered, specialists make estimations on the quantity that the mine will be able to deliver and while the gold production is being take care off, the finance team of the company have to make sure they can sell the gold to a reasonable price higher than mining cost .This price depends on the market and therefore present a major risk for mining firms that can be hedge. Hedging is part American Barrick program and is the primary reason why it outperformed rivals in the…

    • 2789 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    Core drilling in the Indonesian mine started in 1994 and the company struck gold, driving the company’s share price up 1000% and brought in a lot of foreign investors to the company in 1996 with talks of the potential for these mines. The talk in the mining industry was that the Busang mines continued to produce large quantities of gold and the expectations continued to rise. The company initially expected to produce 1.8 million ounces, but that number continued to grow to the point where the company was predicting the in the ballpark of 200 million ounces that would be produced with a going rate of $500USD per ounce (Alden, n.d.).…

    • 1266 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Ap World Dbq

    • 703 Words
    • 3 Pages

    Even though the economic affects of the flow of silver from middle Sixteenth century to the beginning of the Eighteenth century seem to play out nearly the same in the different countries, the social affects are way more custom based on the source’s pov. Documents 4 & 5 show that silver was the preferred way of pay even though the sources weren't from the same points of views (British and Ming respectfully), however; documents 2 & 7 show that Spanish & Chinese have different views on their homeland affects.…

    • 703 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Barrick Gold Field Report

    • 1350 Words
    • 6 Pages

    References: Barrick Gold Corporation. (2007). Barrick Global Operations Pueblo Viejo. (Barrick Gold) Retrieved 2011, from Barrick: http://www.barrick.com/default.aspx?SectionId=ba291551-44c9-4c4e-abd6-bc9246046aaa&LanguageId=1…

    • 1350 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Anonymity – no one knows who owns this. It’s not registered of your name in government. It’s hard to trace if you take money out of country.…

    • 481 Words
    • 2 Pages
    Good Essays
  • Good Essays

    For many years until 2006, South Africa was the world's dominant gold producer, but recently, other countries with large surface area have surpassed South Africa, including China, Russia, the United States, Peru and Australia.…

    • 1032 Words
    • 5 Pages
    Good Essays
  • Good Essays

    California Gold Rush

    • 928 Words
    • 4 Pages

    Local banks fulfilled this need by providing a safe and reliable place for one to store their gold, and would then give out what was called “banknotes”, similar to the modern U.S. dollar, in order to easily retrieve ones gold when it was needed. The closer the issuers of said banknotes were to the miners, the more reliable they were, so many outside of the California Gold Rush did not have the best of reputations, which caused an unstable economy during the earlier days of banking. Even due to this fact, the privately owned competing banks in areas such as California faced fierce competition with these local banks. The most important role that these banks had were to create a sort of ‘middleman’, providing a cash substitute in the form of their “banknotes”, as well as showing the importance of such intermediaries in a new and growing economy that would be later called the California Gold…

    • 928 Words
    • 4 Pages
    Good Essays
  • Good Essays

    There are a lot of exposures on the gold price such as the political instability, inflation, government policy and new findings in gold mines. If there are no financial contracts such as option, forward or insurance, the firm might need to tighten the financial policies to be more conservative. In addition, the firm should improve the innovative financing techniques and instruments to prevent the financial risk. Moreover, the firm might need to consider…

    • 1037 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Gold is something that you actually have to put effort into, in order to get it from the earth. It's not free to harvest, it takes time, energy, and money. For this reason, it always retains its value in times of economic trouble. Some even believe that the United States should go to a completely gold standard, getting rid of the Federal Reserve and getting away from printed money. This would restrict the government to only spend the money that they actually have in their possession, so debt and inflation would be controlled and we would not have economic collapses like we see today. Recessions are still possible on a gold standard, but they would not be nearly as severe. In fact, most people don't know that in the last recession, we were threatened by a Great Depression but by bailing out the banks and the car industries, we avoided that but only temporarily. One day, the recession will return and if you have invested in buying gold coins, you will have money by your side to support…

    • 444 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Global demand for gold has been on the rise and with good reason- the price of the precious metal has been consistently breaking new highs even though markets throughout the world remain weak (Lee, 2011). In the last decade alone, gold has achieved a 500% increase in value and more relevantly, it has soared from $1400 (an ounce) in January this year to a peak of $1920 (Prial, 2011). Thiru (2011) of Lloyd TSB, determined that gold has provided the best returns for investors in 2011 (as cited in Lee, 2011). However, distinguished private banks and investors remain cynical of gold’s invariable rise and have even deemed the asset as “the ultimate bubble that will eventually burst” (Soros, 2010; as cited in Conway, 2010). Despite the warnings of George Soros and Wells Fargo, the yellow metal continues to sustain its steady run and is, according to West (2011), looking stronger now than it has ever been in the last decade. This study aims to investigate the justifications behind gold’s rising value and will also consider the relevant refutations that discredit the commodity’s safe haven status.…

    • 716 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    To create a competitive advantage, a mine has to properly manage its exposure to gold price fluctuations. This is not an easy thing to do since there are so many factors to consider: when, how much, and how to hedge the gold production. Firms in this industry differentiate themselves based on the risk management strategies they implement. Furthermore, mines should also be able to minimize the cost of gold production along with making large sunk costs. Operating in this sector obliges the companies to make huge investments to create the proper infrastructure to dig and process the ore; therefore, they should be financially stable on order to afford investing large amount of money.…

    • 1340 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    Singapore Economic Development Board 2002, “ Singapore Investment News June 2002”, viewed February 27 2008, http://www.edb.gov.sg/edb/sg/en_uk/index/news_room/news.html…

    • 1917 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Godl Etf Project

    • 1070 Words
    • 5 Pages

    Increased investor appetite for paper gold assets has led to higher trade volumes record in gold ETFs in stock exchanges in India in 2011-12. Two new gold etfs- Canara Bank Robeco Gold ETF and Motilal Oswal MOST Gold Shares ETFs were launched this year while PNB Asset Management-Vijaya Bank has sought approval from SEBI for a gold ETF…

    • 1070 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    This industry requires a large amount of capital to operate the business, such as acquisition of shop lot, specialized plant and machineries to manufacture jewelries, high securities costs and so on. The inventory itself such gold and diamond is very expensive to afford compared to other industries. Besides, this industry has created a government policy's barrier by Bank Negara Malaysia (BNM) so there is essential to get approval from the Federation of Goldsmiths and Jewellers Association of Malaysia (FGJAM). Furthermore, the competition in this industry is strong as there are listed jewelry companies including PKHB and many private companies such as Habib Jewels, Wah Chan and so forth.…

    • 1453 Words
    • 6 Pages
    Powerful Essays