Is it safer to store your gold overseas?
Some people like to own gold, but don’t feel comfortable about keeping their gold at home, or anywhere in North America.
In the US, among a certain group of gold owners, there is a concern that the government might demand that its citizens give up their gold. This may sound weird, but it has happened once before.
In 1933 President Roosevelt issued an Executive Order, requiring that all US citizens relinquish their gold coins and gold bullion.
That order was finally repealed in 1974 by President Gerald Ford, but has left a lot of people feeling mistrustful. If the confiscation of gold happened before, it could happen again.
So what can you do if you want to own some gold as a way to protect your wealth, but don’t want to keep it at home and risk having the government ask you to hand it over?
One of the simplest things you can do is use a service like BullionVault.com.
When you buy gold through them, you don’t take actual passion of the gold itself. Your gold is stored by them in a secure vault.
This can be a great solution for anyone who wants to own gold, but keep it overseas. BullionVault uses vaults in the US, UK and Switzerland, and you can choose which vault to have your gold stored in.
The bottom line is that you can still own gold, but have it stored securely overseas.
This isn’t for everyone. Plenty of people prefer to keep their gold at home. But if you would rather have your gold stored overseas, try BullionVault.com