Why Singapore is the best place to store your gold

At the height of the depression in 1933 Franklin Roosevelt banned private ownership of gold, forcing Americans to sell their gold at $20 an ounce and revaluing it at $35 a few weeks later, creating a nice profit for the government.

When governments go bankrupt, they often look for creative ways to raise revenue, and they are getting more desperate by the minute.

The biggest obstacle that stands between you and your bullions would be your own government.

If you want to keep your gold safe its worth looking into other jurisdictions where the risk of gold confiscation is much lower. Hands down the best country in the world to store your gold is Singapore.

Singapore has become one of the richest countries in the world through an excellent educational system, very efficient governance, hard work and pragmatism and extremely low corruption. The government had budget surpluses 23 times over the last 25 years and closed 2013 with a 3.9 billion SGD (3.1 billion USD) surplus.

In addition to the sound economy, Sinagpore is also one of the most trusted jurisdictions in the world and is well known as a country where laws are upheld in spite of external pressures.

The characteristic displayed by Singapore makes it excellent for bullion storage. If Singapore, were to nationalize gold due to for example, US pressure, the consequences would be an immense loss of confidence and would have a devastating effect on the Singapore economy.

Although nothing is ever absolutely certain, Singapore has no incentive to support a hypothetical foreign nationalization due to the wealth the country already possess and also the loss of "trust" which has always been the fundamental attribute of modern Singapore.

Singapore is also home to The Safe House, hands down one of the most advanced precious metals storage facilities in the world.

The Safe House aims to develop the world's safest bullion storage system which minimizes financial and jurisdictional risks and is a lifeboat in the event of a systemic financial crisis, rampant financial bankruptcies, hyperinflation or precious metals nationalization by Western countries.

The Safe House is also the first depository dedicated to storing silver in Singapore and was featured by International Enterprise (IE) Singapore.

For the full article (SOVEREIGN MAN), click here.