– Precious metals advisor Claudio Grass believes Switzerland can
serve as an example to rest of world
– Switzerland popular for gold storage due to understanding of
the risks inherent in fiat money and 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
explains why the country is so attractive for investors.
The introduction by the Mises Institute notes that Switzerland is
attractive as its political approach differentiates it from other countries.
By taking a subsidiary function, the result is major limitations being
placed on 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 our we 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
storage account 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 and Commentary
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
Important Guides
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2017:
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