Offshore Gold Storage: Benefits Of Storing Gold & Silver In Singapore

Singapore City Skyline 4

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.

“What Companies Allow You To Choose Precious Metals Storage In Either The US or Singapore?” – Click Here

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.

Why Store Your Gold Or Silver In Singapore?

Stack of golden ingots in bank vaultThis 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 currency that can be reported, so there are presumably lower reporting requirements when bringing your gold with you. Also, in Singapore, gold storage is free from the government’s interference because  they understand why people do the things they do and why capital reacts the way it does.

Another advantage of storing gold in Singapore is that gold and silver are now tax-free. As of October, 2012, the seven percent national sales tax that is in the past given to sellers and buyers of gold and silvers was waivered by the Singaporean government. This means that gold taxes on investment grade bullion are now non-existent, as well as most of the silver taxes. Gold Maple Leafs, Buffalo, Philharmonics, gold bars, as well as most silver products (not all precious metals are IRS approved – check here) are now exempt from tax when buying or selling. Some companies offer the ability to store gold in Singapore to save on taxes.

Your accounts in Singapore gold vaults will also be extremely private. Singapore does not tax its citizens and companies on foreign earnings on a worldwide basis; therefore it pays little attention to their companies’ bank accounts in foreign lands. The motivation for the Singaporean authorities to disclose bank accounts in their domain is, therefore, non-existent. They forbid other countries to launch ‘fishing expeditions’ into account holders’ details in Singapore because they believe that foreign authorities do have apparent links and valid reasons that will be interpreted as suspected criminal activity to want to investigate someone’s account holdings.

For those who are planning to build an individual retirement account, you might want to choose to build a gold IRA account or a silver IRA account in Singapore. Compared to having a regular retirement plan in the United States, maybe building a gold and silver individual retirement account is much safer. You may use your precious metals as a long-term hedge against inflation. Your gold and silver will surely not lose its value, unlike paper currency. Best of all, the value of your gold or silver will increase overtime.

A lot of people are already storing their gold and silver in Singapore. The tiny country contains approximately 1-2% of the world’s physical bullion. Singapore also holds the largest group of private banking assets in Asia, with US$516 billion in 2011.

Gold Storage Companies

Prices are already incredibly competitive, with ultra-low premiums and very reasonable and affordable storage fees when you use the top recommendation.

There are many gold storage companies fighting for your dollar, but there are few that offer a stellar reputation, award-wining customer service, world-class security (Brinks) and worry-free insurance, and that also offer all of this with the option of storing your gold in the US or in Singapore.

Visit Regal Assets Website

Why We Use Regal Assets For Gold Storage

  • A+ rating with the Better Business Bureau
  • 5-star TrustLink rating
  • Zero customer complaints
  • Award-winning customer service (their experts know the market and are always ready to help us without obligation)
  • Fastest growing precious metals services company (ranked Inc. 500 Magazine’s #20)
  • Buy-Back-At-Spot-Price Guarantee (we can fully liquidate all or part of our assets at anytime and get the best price available)
  • Paperless, hassle free ordering
  • Receive your shipment (at home or at your chosen gold storage facility) within 7 business day (or get a free, valuable gift, such as a Silver Eagle coin)
  • No-commitment funds transfer for gold IRAs (after a rollover, buy gold or silver when we want or transfer our money right back out without penalties/fees)
  • Lowest fees in the industry without high-pressured, deceptive sales tactics (no one was forcing overpriced numismatics on us when we simply wanted bullion)

Visit Regal Assets Website or talk to Charles at 1-866-906-3023.

If you want, you can get their free gold IRA investing kit. We got ours and it really just helped reinforce our thoughts on why to buy gold, but the kit is very helpful and of high quality. Just visit the site and fill out the form to get your kit for free or mention it when you call Charles and his team.