Doing some research on this topic, there are hundred of thousands people world wide storing their Gold there. I believe what you mean is, if there comes an overall law and pressures on Switzerland (like with the numbered accounts) then it is game over.
But for a single individual who holds some assets there and as long as the above is not the case, it may be secure from governments and other nosy people. Or what do you think?
What I mean is the box is not at all anonymous as OP requested.
Plus yes Switzerland will rollover to non-residents using safety deposit boxes to conceal assets especially if it it EU or US making the demand.
Undoubtedly, a safe deposit box, wether anonymous or not, is less safe than storing your valuables underground, in a truly anonymous hole that you dig yourself.
Another question, what do you do if you don't own land, where would you dig that hole?
What if someone will start building something where you buried your treasure ?
Go in the wilderness. there are obvious places where nothing will ever be built.
I don't live in the Jungle or Brazil or so. In a normal civilization you can risk they sudden build solar panels where you digged your hole or something similar. Would you not be afraid of someone finding where you made you hole? A dog could possible find it...
I don't live in the Jungle or Brazil or so. In a normal civilization you can risk they sudden build solar panels where you digged your hole or something similar. Would you not be afraid of someone finding where you made you hole? A dog could possible find it...
If it's important for you, it shouldn't be that big issue to move a few km out of the city to find a good place.
Dogs don't wander around to dig for treasures. It would be nice to have such a dog though :D
After reading a lot here and specially the replies from Mr. Everson and JohnnyDoe I thought I would try to take a trip to Switzerland and rent such a deposit box for Gold storage.
The first thing is, you will have to complete a form with your details on, so you will have to give them a copy of your passport at arrival at one of their storage locations.
They give you a paper which is signed by the manager and which in short form claim that they are not a bank and as such don't have any obligations, what so ever, to give your information to any 3rd party.
It's up to you if you believe it or not.
369 said:
orsuisse could be a solution
please provide a link and tell me why it is a good alternative?
They give you a paper which is signed by the manager and which in short form claim that they are not a bank and as such don't have any obligations, what so ever, to give your information to any 3rd party.
Likewise, they can do whatever they want with your gold. Good luck with suing them if something goes wrong.
I'm curious to know if you even considered the option to bury your gold underground by yourself. It seems that everyone is afraid to take a shovel and dig a hole.
So Orsuisse got a financial license in switzerland and will accept your physical gold and store it under their business account in duty free zones in zurich or singapore .
You will get for that a warehouse receipt which falls under "Obligationsrecht" which makes this warehouse receipt a security by swiss law.
You can sell that warehouse receipt to anybody without moving gold.
The owner is only known to this swiss company and is stored under their business name in vaults.
So they claim they will NEVER give any data out should a foreign country request because under swiss law they are not obligated and more important you could have sold these warehouse receipts should there even come a request
This is because the Swiss Code of Obligations treats them as fully tradeable securities. In addition, they are freely transferable, which means you can sell your holdings and transfer the ownership without any requirement to physically move the goods. We guarantee the retrieval of stored precious metals upon presentation of a warehouse receipt.
So they claim they will NEVER give any data out should a foreign country request because under swiss law they are not obligated and more important you could have sold these warehouse receipts should there even come a request
That is one of a hell game changer if that is really true. Will pay them a visit next time I'm in Switzerland.
So you seem to be happy to believe that a piece of paper you are given by a random company represents gold stored somewhere thu&¤#
Reminds me the story of certain scammers printing greenish pieces of papers with portraits of historical figures on them rof/%
Likewise, they can do whatever they want with your gold. Good luck with suing them if something goes wrong.
Let's take this a little further. Have you read about any of these "safe box" providers that have run with peoples Gold or the content of these boxes in Switzerland or Austria?
Have you read about boxes to be seized in Switzerland or Austria from any of these providers?
Let's take this a little further. Have you read about any of these "safe box" providers that have run with peoples Gold or the content of these boxes in Switzerland or Austria?
Have you read about boxes to be seized in Switzerland or Austria from any of these providers?
I have not found anything trustworthy yet??
I have read about (and personally experienced) banks doing this.
Nothing is safer than a deep enough hole. Ask pirates smi(&%
I have read about (and personally experienced) banks doing this.
Nothing is safer than a deep enough hole. Ask pirates smi(&%
I agree totally with you. However, not all of us can just digging a hole somewhere and leave their one million euro there! I would personally rather trust a century old safe box provider which is not a bank than this method.
