Why Store Gold Offshore?
Gold investors’ tastes differ when it comes to storage. Some want the bullion to be in their hands while others are comfortable in storing it with a financial institution or specialist vault. The benefits are obvious as professional storage saves on insurance costs, reduces personal risk from theft and keeps the gold in an environment that makes it more attractive for re-sale.
Guernsey has a legacy of low taxation thanks to the innovation of interest-free infrastructure development in the Victorian era. The prevention of debt accumulation historically and the development of banking in modernity has left the islands finances in a very healthy state. Customers should also consider the storage of silver and platinum in Guernsey which typically attracts VAT in other locations. Bar sizes and prices are available on request but logic suggests they should only be bought with a view to placement in storage in Guernsey rather than be exported.
Guernsey is proud of its strong stance against tax evasion and money laundering and any suspicion of the latter will over-ride confidentiality. However, legitimate customers have a right to privacy and to safeguard their wealth from the inflationary and profligate policies actions of some governments.