Why Switzerland Could Save the World and Protect Your Gold

Why Switzerland Could Save the World and Protect Your Gold

 – 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 Essential Guide to Gold Storage in Switzerland 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

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

Important Guides

For your perusal, below are our most popular guides in 2017:

Essential Guide To Storing Gold In Switzerland

Essential Guide To Storing Gold In Singapore

Essential Guide to Tax Free Gold Sovereigns (UK)

Please share our research with family, friends and colleagues who you think would benefit from being informed by it.

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