Introduction – What we mean by allocated Gold is gold coins or bullion that is held by a licensed financial institution for you in your name or in the name of your corporation, foundation, trust, etc. The gold is held in a segregated fashion for you not commingled with other depositors funds or assets. The gold is not included in the general assets of the bank. In the event of a bank failure, liquidation or receivership the gold would be considered kept in a “trust” type relationship for you and not treated as general assets to be distributed amongst the creditors (think depositors) of the bank in the event of a liquidation. This means you get all of your gold even if there is a failure of the financial institution. If there is a gold confiscation or forced buyback and you gave the gold depository your passport, you can lose your gold. Think about it.
Why Allocated Gold – This is a way to store your Gold close to the USA and Canada. The gold is out of your home country jurisdiction. No one would know it is there unless you tell them. This has tremendous asset protection value, protection from lawyers, lawsuits etc. You can easily travel to the gold and pick up your gold. You can also have the financial institution convert the gold into cash and wire you the proceeds or load it onto your Visa card that they issue to you. This can have tremendous advantages in a time of crisis.
Financial Institution – It is a Bank in Andorra. The gold is in the name of your corporate bank account and kept in Switzerland. We can reproduce this scenario with a caribbean bank as well.
Type of Gold – You can hold 1 oz gold coins, or 1 kilo gold bars.
Selling the Gold - Your redemption options are as follows:
1) Have the bank sell the gold and wire you the proceeds.
2) The Bank can deposit the proceeds from the gold sale in your bank account.
3) You could collect the gold or have it sent to you by an armored carrier.
Safe Deposit Boxes – You can keep modest amounts of gold in safe deposit boxes offshore.
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*Offshore Legal Associates Law Firm.We have no legal ties or associations with any other law firm or corporation with similar or like sounding names anywhere and should not be so confused with any other entity having a similar or like sounding name.