Comments on: An important update on the Panama private storage facility

By: hbs

hbs — Thu, 11 Feb 2010 16:10:59 +0000

is there any good reason not to use Switzerland for your offshore gold storage? I don’t think anyplace else compares.

By: Roy

Roy — Mon, 08 Feb 2010 17:19:53 +0000

Bill,

Do you know of any Private Vault facilities on the east coast of the USA? There is also Robovault in Ft Lauderdale

By: Bill

Bill — Wed, 03 Feb 2010 20:38:39 +0000

Have you reviewed private vault facilities in the USA? There is 24/7 in Las Vegas and American Locktight in St. George Utah. They use biometrics as well. I don’t believe they require further identification for access. There is another facility in Los Altos, CA. There are others further east in the USA.

If one truly has anonymous access to a private vault in the USA, why would an American go to Panama?

By: Me

Me — Thu, 28 Jan 2010 21:45:30 +0000

Personally I would be happy with Biometrics or any other security system if it weren’t for the fact that the data has to be stored somewhere. Even if the data is kept confidential that is only until some drastic legislature is introduced (for the good of all citizens) and backed up with guns. Therefore I will not be submitting my data to anybody anywhere ever. I would consider a biometric scanning system whereby you control the system yourself. A home safe or even entrance to your own property would all make sense since data is kept by you and nobody else.

Here’s what I have done in case anyone is interested. A personal safe bought and paid for by myself kept in homes of relatives in jurisdictions that you are comfortable with. I keep the codes and keys. Ditto for family members. I have a couple of safes kept for relatives. They keep the codes and keys. Very simple. It works for someone like me having a scattered family. Jurisdictions for me have landed up being Singapore, Australia and the UK.

By: Elai

Elai — Tue, 26 Jan 2010 02:33:04 +0000

@Nick
Using Biometric Information alone as an encryption key is foolish, but as part of a 3-factor authentication system (something you are, something you have, and something you know), it is useful. Also fingerprint login readers are useful like house door locks. They effectively work for most people, but really aren’t the greatest in locking something up.

By: Rex

Rex — Mon, 25 Jan 2010 21:42:29 +0000

Hi Smith and Simon. You all asked the question earlier about if we like the audio interviews??? “WE LOVE THEM!!!” I like to put them in my mp3 player for the on the go listening. Remember, this information is like a golden rope for all of us who are stuck in the U.S. while we get into the lifestyle design and the NR [new rich (lifestyle)] We are still being hounded by this industrial idea that we go to college and get a job for 50 years then retire…ummmm I am thinking other prosperous alternatives. Please keep up the good work. thanks!

By: Patrice Ackerman

Patrice Ackerman — Mon, 25 Jan 2010 21:04:15 +0000

Anyone can have better security than Ricardo Martinelli. When we went to Panama two months ago we went after hours to the “Panama White House” and got to see him in person as he pulled out of the garage.

By: Purewater

Purewater — Mon, 25 Jan 2010 19:34:02 +0000

I can’t remember your interview with Hilt exactly, but didn’t he tell you he came to Central America to work in the timber industry? Seems a bit disingenuous…

By: Nick

Nick — Mon, 25 Jan 2010 18:25:23 +0000

Hi Simon,
Thanks for the info.

Have you noticed that biometric security has been dropped from laptops recently?

This is because there is one very large security hole in all biometric based security. That is that your fingerprints, retina etc are unique to you and never change.

This means that a “hacker” has your lifetime to crack the encryption which is ample time to crack even the best encryption currently available.

IMO biometric might look cool in the movies but it really isn’t all it’s cracked up to be any you have this personal information stored by someone, somewhere. So much for anonimity.

Unfortunately, the most popular way to hack a system is from the inside or trick /bribe an insider into giving up the info.