New Zealand is seen as a safe, low risk, low corruption location, with a stable government. It is therefore seen as an excellent place to buy and store gold and silver. For these reasons we get expats, and also foreign citizens from the USA and Europe, looking to buy and store precious metals in New Zealand.
But what about for New Zealanders themselves?
Should you also look to store some precious metals offshore and outside of New Zealand too?
If New Zealand is seen as so safe and stable, is there any need for the average Kiwi to consider offshore gold and silver storage?
If we look at the reasons to hold gold and silver offshore, they actually all apply to anyone anywhere in the world. It’s just that some countries may have higher risks than others.
Here’s a few of the reasons for New Zealander’s to hold some precious metals outside of New Zealand borders:
So it makes sense to diversify your political risk. But of course first and foremost make sure you’ve got some gold and silver within “arms reach” at home too.
We’ve identified that the best location for New Zealanders for offshore precious metals storage to be Singapore.
“Singapore has many advantages… It’s completely liquid, completely trustworthy, and completely neutral.”
– Jim Rogers
GoldSurvivalGuide has recently become an approved broker for the Singapore Precious Metals Exchange (SGPMX).
SGPMX has some of the lowest cost fully insured allocated & segregated bullion storage you will find globally. For silver a maximum of 0.7% per annum. For gold a maximum of 0.5%.
So you can be sure your “wealth insurance” is also actually insured.
“…free your assets from the Western world financial system, without exceptions.”
– Jim Sinclair, Executive Chairman of the Board for the Singapore Precious Metals Exchange.
You can visit their website to learn more about SGPMX: sgpmx.com
Then call us on 0800 888 465 or contact us to discuss how storage at SGPMX works and the different options available.
For more on this topic see: Gold and Silver Storage Options