Has anyone purchased and stored gold with an offshore provider like Bullion Star? They're based in Singapore and look very legit. They store the gold for you in your name in their Singapore vault or you can take possession directly by visiting the vault or asking them to ship it to you.
It seems like a good compromise between the risks of holding physical gold yourself and buying paper gold through ETFs.
I'm in Western Europe and I don't trust the EU to protect my property rights long term considering the immense debts and economic problems Europe will have to contend with. I trust Singapore a lot more with my gold.
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You'd have to think that Singapore is one of the safest places. SG is the centre of Sino-Victorian conservatism. They have very solid banks with very high capital reserves of about 70%, compared to the 10-15% you will find in the West. Very high trust society, everything is done very properly and thoroughly. Bad actors are punished and socially shamed.
But I think the purpose of holding gold is really - to mitigate being blocked from commerce and considerable social-economic upheaval. If the entire system goes (water, electricity, police etc) then I'd say gold is pretty worthless. If it's ruffled by economic turmoil then gold should have some considerable upside at some point, before coming back to reality. There is no logical point in holding large amounts of gold for any period of time. It's something you can go in and out of at opportune, fairly obvious junctures. <= 30 RSI on 1M gold is your buy. Getting out harder to gauge. That gives you a window in all of the great times to buy gold.
So there is only really two places I'd like to hold gold - 1) at home; 2) in something I can sell quickly in brokerage. In the case of 2) I am only intending to buy in a low and sell at a high. I don't get DCA-ing into gold, as you can tell when it's pretty well valued - now. If it was back when gold was $1,050-1,300 then it makes sense. There are, of course, wild cards, like some BRICS currency that has some gold backing.
Gold is a religion for many. It's just buy gold, hope central banks buy gold, hope central banks back paper with gold. More sensibly it is bought at strategic moments. There is a good system I saw of a guy who periodically rotates from stocks to gold based one one very reliable indicator. Quite a nice hands off system, until something goes clunk. That's how I work - from reliable indicators that only pop up over longer-ranges of time.
Over the last few months I have been itching to get some stocks and PM-related assets. I feel it's something I should be in to have a broad protfolio. Though I am very much in the mould of a Doug Cassey crisis investor, and not ideological and hung-up on one (class of) asset(s). There is only one motive - buy as low as possible and sell as high as possible. It doesn't matter what it is. Right now PMs are nowhere near crisis. I could buy in and take many years to get back to the same point I buy.
After a lot of research I could barely see anything I feel very safe in buying, so I placed some shorts of the Russell 2000 and a few other vulnerable sectors. Seems to be coming good, as I believe FED hiked something like 0.3% last night. I also bought some silver ETF, miners I think. As it seemed that was something that could have a good year due to shortages and be a bit of a hedge on my shorts. But these are shots in the wind I have little conviction in.
But after some time thinking, I have decided to abandon any more thoughts of stock, PM buying until they hit obviously undervalued levels. And that may very well be years. Meanwhile crypto was in it's absolute prime buying spot in January. After a rally it's pulling back and I am ferociously buying more. I have my crypto buying strategy, which has worked very well. You could just buy blindly in January every four years* and would have been so far ahead of any PM, stock, that you wouldn't have any need to consider thinking about trying to gauge and time these highly rigged and propped up markets.
If you have been buying PMs for some time and treading water, now is the time to move your DCA or whatever you do to a brief lull in the crypto spring.