There are a number of different strategies at play when it comes to using private vaults overseas. This article is a comprehensive list of offshore private vaults contacted by my R&D team as part of our ongoing efforts to provide the greatest number of opportunities to our clients.
Unlike offshore safe deposit boxes, offshore private vaults are outside of the banking system, which means that they’re a safer alternative to banks.For some nationalities, such as US citizens, precious metals stored in a private vault outside the banking system are exempt from tax reporting, making these offshore private vaults a boon to your tax strategy and.The privacy offered by such vaults can provide high-quality legal asset protection for physical assets.Private vaults allow you to store assets ranging from gold and silver bullion to, in many cases, fine art, wines, or anything else.These offshore private vaults are an excellent international diversification strategy for several reasons:
Some vaults are ultra-high-security refuges fit for James Bond, while others are more accessible secure facilities. I’ve been fascinated with the concept of offshore private vaults and safe deposit boxes for years.īasically, a private vault is an alternative to a bank-safe deposit box.
