Physical Gold Demand Soars: Where to Buy and Store Gold - Offshore

Since before the COVID 19 coronavirus made headlines for the first time, economists have been acutely aware of how pandemics can impact the economy. Now that COVID 19 is spreading around the world, global economies are feeling the brunt of what could become one of the most noteworthy and talked about economic downturns of the decade.

As a matter of fact, the stock market has seen one of its worst weeks in the past two decades because of the COVID 19 coronavirus that’s been stealing headlines around the world. US treasury yields have even felt the impact from the COVID 19 coronavirus’ effect on the economy. The US 10-year treasury has reached an all-time low of 1.16%.

Over time, even when the stock market dips, physical gold has proven to be one of the best investments. Even when times seem uncertain, gold still holds value. In fact, since the threatened counterstrike between Iran and the U.S., gold has been at a six-year high.

As the newest coronavirus worries investors, they’ve certainly shown their faith in gold. In February, a steep hike in gold value was seen. For the week ending February 21, gold was valued at 1644, while at one point on February 24, gold spiked to 1686.5.

Gold is a powerful investment tool, and it’s definitely a great way to diversify your assets. Still, you might be wondering how to get started in gold investing and how to store physical gold.

How to Get Started in Physical Gold Investing

When one begins to invest in gold, perhaps one of the first things to consider is where to buy the gold. You can buy gold online, bid on e-Bay, or use a special ATM (such as Gold-to-Go ATMs) by choosing your weight, quantity, and price.

It’s important to remember that gold bars are typically the more ideal investment option because investment quality gold should be approximately 99% gold. Gold coins are advertised as valuable. While they are pretty, they are often comprised of less gold content than an investment quality gold bar.

When it comes to storing gold, you have a few options. You could store it at home, but that leaves you open to losing your investment in the event of a robbery. You could also store your gold in a safety deposit box, but then your gold is only accessible during business hours and isn’t insured against theft. An excellent choice for storing your gold would be a professional vault.

But Wait...What About Offshore?

Investing in offshore is a great part of any diversification strategy, and gold is no exception. Diversification is important because it ensures that you most effectively protect your gold assets from political issues, seizure, inflation, and other issues. In addition, you can take advantage of lower tax brackets and incentives in various jurisdictions.

Offshore jurisdictions such as Puerto Rico, Austria, New Zealand, Singapore, and Switzerland are among the best areas for diversifying your physical gold assets.

Getting started in offshore physical gold investing isn’t as difficult or challenging as many think. In fact, the first step is simply to choose the jurisdictions in which you wish to invest your assets. The second step is to choose the private vault companies that you want to go with. We highly recommend that you avoid using banks when storing physical gold. With a private vault company, you can rest assured that your gold is kept safe from governmental issues, natural disasters, and even, in some cases, from reporting to the IRS.

Next, you’ll want to get your gold. You can buy your gold anywhere and bring it to your jurisdiction, but then you must deal with the hassle of carrying and declaring physical gold as you travel. A better solution is to use one of the many companies that allow you to buy gold and then store it for you. For larger amounts of physical gold, using a private vault company is a great choice because these tend to offer better rates on storage fees. Private vault companies also offer private account managers, which can help you with all your physical gold storage needs.

Offshore Gold Investing: The Time is Now

Investing physical gold across offshore jurisdictions is an excellent complement to any wealth management strategy, but at a time when we’re seeing COVID 19 have such a huge impact on economy, gold just might be the best investment you can make right now. Offshore could be the safest way to store your gold. As with all investments, be aware of scams, and always work to find reputable storage companies such as Brink’s.

If you’ve considered gold investing, 2020 is shaping up to be a solid year to make the leap, but be sure to consider the ways in which offshore investing could be most beneficial.