SOVEREIGN MAN: CONFIDENTIAL
MEMBERS ONLY TELECONFERENCE
Offshore Gold Review July 31, 2012 [Gold Price @ $1604 Time of Preparation]
OFFSHORE GOLD REVIEW - JULY 31, 2012
Storage vs. Provider
STORAGE Non-reportable No middle Man More expensive Difficult to sell FULL-SERVICE PROVIDER Shared space through a middle man Volume discounts More cumbersome regulations Fuzzy definitions of allocated
*Simons definitions: unallocated, semi-allocated, fully allocated
OFFSHORE GOLD REVIEW - JULY 31, 2012
[Link]
Original service provider, founded 2001 (Jersey) Cost effective [$1,644, 0.18%] Generally unallocated 2.75% to 4% bar charge upon delivery + shipping
OFFSHORE GOLD REVIEW - JULY 31, 2012
BullionVault
Original service provider, founded 2001 (UK) Cost effective [$1,607, 0.12%] Generally unallocated Not designed to take possession
[Link]
OFFSHORE GOLD REVIEW - JULY 31, 2012
[Link]
Hard Assets Alliance
Exclusive retail division of Gold Bullion International Cost competitive [$1,658, 0.5% to 0.7%] Wide selection, availability BARS ONLY (1kg, 1oz) for offshore storage Semi-allocated US-based, 1099 reporting
OFFSHORE GOLD REVIEW - JULY 31, 2012
[Link]
Global Gold
Founded 2009, based in Switzerland Wide selection, availability
ifferent cost structure: up to 3% for brokering the purchase above and D beyond premium Example 100g bar @ $1,671 / 0.4% to 0.7% Semi-allocated Company guarantees delivery anywhere in the world 50,000 CHF minimum
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OFFSHORE GOLD REVIEW - JULY 31, 2012
[Link]
Perth Mint
Origins in 1899, owned by government of Western Australia PM Depository cost structure varies depending on inventory Depository example: 1 ounce bar @ $1,672 / 1% PM Certificate: ~ $50 + 2% Fully allocated
OFFSHORE GOLD REVIEW - JULY 31, 2012
[Link]
New Zealand Mint
NZ company founded over 4 decades ago Secure vault based in Auckland
Very expensive to purchase: 7% premiums on gold, up to 17% on silver Fully Allocated NZ Mint will take delivery of your bullion Storage fees @ 2% per year + 15% tax
OFFSHORE GOLD REVIEW - JULY 31, 2012
[Link]
Silver Bullion Singapore
Relatively young firm based in Singapore
ecure vault in a secure compound in a secure country (co-located with S Cisco Certis) Also very expensive to purchase Fully Allocated Silver Bullion will take delivery of your bullion est to wait until after Singapore drops GST in October (likely will not B include Eagles)
OFFSHORE GOLD REVIEW - JULY 31, 2012
[Link]
Viamat
Gold standard in gold storage Locations all over the world Switzerland, HK, Singapore, etc. No purchase / brokerage, only storage Will receive, store, and ship gold Sample pricing: $3,000 annually (HK, Zurich) Need 200+ ounces for this to make sense
OFFSHORE GOLD REVIEW - JULY 31, 2012
Viamat Contacts
Hong Kong: Sindy Cheung Phone: +852 3692 5702
Zurich: Elvin Faeh Phone: +41 43 488 9292 E-Mail: [Link]@[Link]
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OFFSHORE GOLD REVIEW - JULY 31, 2012
Other International Storage Options
Das Safe ([Link]) Vienna, Austria Limited box availability Non-reportable Anonymous The Storage ([Link]) Hong Kong No VAT Will likely stop accepting foreign clients Non-reportable HK address typically required
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OFFSHORE GOLD REVIEW - JULY 31, 2012
North American Options
Sarasota, FL ([Link]) Las Vegas ([Link]) [robbed] Toronto ([Link]) ScotiaMocata ([Link])
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OFFSHORE GOLD REVIEW - JULY 31, 2012
Avoid
JFT Lockers (Dubai) Geneva Gold (Singapore)
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