An Open Letter About Offshore Gold Storage
An Open Letter About Offshore Gold Storage by Charle Savoie – Silver Stealers
TDC Note – What good would having ones precious metals off-shored if the ports are closed or any of the hundreds of reasons a person could remain separated from their wealth? One of the main attributes of gold and silver is decentralized, no 3rd party risk and 100% anonymous. When a person stores their wealth, especially off-shore, these attributes are negated. People are welcome to do with the wealth as they see fit – it doesn’t matter to us one way or another. Simply posing a question and looking at a situation from another angle.
Well, now do you want to write “Five Reasons Why You May Not Be Able To Recover Your Gold Due To Political Risk Elsewhere?”
Naturally your agenda is that you have something to sell, and sellers never mention the negatives.
People who counsel against overseas storage may have vaults here. I advise against using any and all storage vaults, even assuming operators are angels.
They have concentrated gold in a known location making government gold grabbers task easier by far than door to door. Gold risk cannot be eliminated but it can be minimized. Simplifying the gold seizers task is not minimizing risk.
You “store gold overseas” people never suggest it could be possible to improve respect for private property in America.
One day people will have a waking nightmare. They’ll find they cannot get their gold back, nor receive any electronic demand deposit in exchange for it. And it may not be the fault of vault operators.
We have a big blowback going on against civil asset forfeiture. I moved my metal to New Mexico, United States, because they abolished CAF.
The only sane route is for individual States to declare the Federal government can’t dispossess their residents of gold and silver; and these States must abolish all CAF in their territories. At that point, any appeal for overseas storage falls to zero. I don’t accept my country can’t be turned around.
Here you suggest moving gold out of America is the only way. The US government has more pull with foreign nations than gold depositories have with those nations.
The Caymans are a British “protectorate.” Britain and America are “Pilgrim Partners,” anything either government wants will be reciprocated. With Britain the senior partner in monetary suppression, the situation is emphatic; the Caymans are unsafe for gold storage.
I could go on and on. There are several sites willing to post me. People are sensitive about mentioning any Anglo-American monetary conspiracy, specifically, The Pilgrims Society. Those secretive freaks are all over the Cayman Islands financial structure, starting with Butterfield Bank. I don’t get why people find it unbelievable the metals suppressors have an organization where they come to roost.
Charles Savoie; my work has been mentioned by Silver Users Association; Institute of Chartered Financial Analysts of India; and The Pilgrims Society.