Precious metals advisor Claudio Grass believes Switzerland can serve as an example to rest of world
Switzerland popular for gold storagedue to understanding of the risks inherent in fiat moneyand gold’s value as a store of wealth.
International investors opt to store gold in Swiss allocated accounts due to tradition of respecting private property.
Country respects the importance of gold ownerships and 70% of world’s gold is refined there
Across Europe many voters and politicians are expressing their dislike at the bureaucratic and overarching approach of the European Union. There are also regions and countries pushing to break ties with others that they have long been associated with. Catalonia is just the most recent example, many in Scotland are also calling for independence.
It is not an understatement to say that the role and influence of government is currently at the forefront of many citizens’ minds. This is understandable given political upheaval but also thanks to decisions by authorities that are arguably not in the best interests of the electorate. Bail-ins are just one very important example.
This is a situation investors must consider when deciding where they would like to store their gold bullion. It is because of concerns regarding political stability, motive and financial decisions that there is a belief amongst many bullion owners that owning bullion in Switzerland is safer than owning it in many EU countries, the UK and the U.S.
Claudio Grass, an Swiss independent precious metals advisor, recently spoke to the Mises Institute about Switzerland. In the interview he explainswhy the country is so attractive for investors.
The introduction by the Mises Institute notes that Switzerland is attractiveas its political approachdifferentiates it from other countries. Bytaking a subsidiary function, the result is major limitations being placedon central political power structures at the federal level.
Switzerland is no libertarian paradise. It has bureaucrats and a wayward central bank. But it remains an astonishing modern example of the principles of federalism and subsidiarity in action. In fact, it exemplifies Lew Rockwell’s daydream: nobody much knows or cares who is president. Its federal administrative state demonstrates humility instead of hubris. And virtually all political decisions, from taxes to welfare to immigration, are decided locally. Claudio Grass joins Jeff Deist to discuss what libertarians can learn from Switzerland, and how neutrality in two disastrous European wars shapes Swiss DNA today.
Readers can watch the full interview with Claudio Grass, below.
Investors interested in protecting their wealth and looking for ways to diversify their assets should consider holding allocated gold bullion in Switzerland
In ourEssential Guide to Gold Storage in Switzerlandwe clearly explain why the country remains the preferred destination for many Western and international retail and institutional investors. It takes just three simple steps to create a GoldCore secure storageaccount in Switzerland.
The Swiss people understand the importance of gold in wealth management and preservation and the importance of storing bullion in a secure, independent and stable jurisdiction that specialises in discretion and confidentiality.
News andCommentary
Dollar Slips With Treasury Yields; Stocks Mixed (Bloomberg.com)
Gold prices up; focus on pick for U.S. Fed chair (Reuters.com)
Gold holds gains after Fed says it will leave rates unchanged (Reuters.com)
Germany fears EUROZONE MELTDOWN: German investors rush to buy gold (Express.co.uk)
Fed Signals December Hike On Track a Day Before Trump Announces Next Chair (Bloomberg.com)
Powell to Lead Fed Overseeing Trump Economy Fraught With Risks (Bloomberg.com)
What If the Bank of England Doesn’t Raise Rates? (Bloomberg.com)
The World Is Running Out of Gold, Should You Invest? (Fortune.com)
BITCOIN vs. GOLD: Which One’s A Bubble And How Much Energy Do They Really Consume (GoldSeek.com)
China’s gold consumption grows in Jan-Sept (Xinhuanet.com)
Gold Prices (LBMA AM)
02 Nov: USD 1,276.40, GBP 965.09 & EUR 1,095.92 per ounce
01 Nov: USD 1,279.25, GBP 961.48 & EUR 1,099.52 per ounce
31 Oct: USD 1,274.40, GBP 964.21 & EUR 1,095.60 per ounce
30 Oct: USD 1,272.75, GBP 966.91 & EUR 1,093.80 per ounce
27 Oct: USD 1,267.80, GBP 968.35 & EUR 1,090.18 per ounce
26 Oct: USD 1,278.00, GBP 968.34 & EUR 1,082.34 per ounce
Silver Prices (LBMA)
02 Nov: USD 17.08, GBP 12.98 & EUR 14.66 per ounce
01 Nov: USD 16.94, GBP 12.74 & EUR 14.55 per ounce
31 Oct: USD 16.82, GBP 12.72 & EUR 14.45 per ounce
30 Oct: USD 16.74, GBP 12.69 & EUR 14.39 per ounce
27 Oct: USD 16.72, GBP 12.76 & EUR 14.38 per ounce
26 Oct: USD 16.97, GBP 12.84 & EUR 14.37 per ounce
Recent Market Updates
Invest In Gold To Defend Against Bail-ins
Stumbling UK Economy Shows Importance of Gold
Wozniak and Thiel Fuel Bitcoin-Gold Debate: Gold Comes Out On Top
Russia Buys 34 Tonnes Of Gold In September
Gold Will Be Safe Haven Again In Looming EU Crisis
Gold Is Valuable Due to Extreme Rarity Must See CNN Video
Gold Is Better Store of Value Than Bitcoin Goldman Sachs
Next Wall Street Crash Looms? Lessons On Anniversary Of 1987 Crash
Key Charts: Gold is Cheap and US Recession May Be Closer Than Think
Gold Up 74% Since Last Market Peak 10 Years Ago
How Gold Bullion Protects From Conflict And War
Silver Bullion Prices Set to Soar
Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures
ImportantGuides
For your perusal, below are ourmostpopularguidesin 2017:
EssentialGuideTo Storing Gold In Switzerland
EssentialGuideTo Storing Gold In Singapore
EssentialGuideto Tax Free Gold Sovereigns (UK)
Please share our research with family, friends and colleagues who you think would benefit from being informed by it.
The post Why Switzerland Could Save the World and Protect Your Gold appeared first on GoldCore Gold Bullion Dealer.
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