Comments on: Mailbag: Answering your questions

By: Peter4

Peter4 — Sun, 26 Jul 2009 06:01:16 +0000

Rally: July 13, 2009 at 9:41 am
Would Canada be worth considering as a safe place to store and, when necessary, to sell or trade PMs? … Could, say, a U.S. citizen open a minimally funded savings account (less than 10K CD ) at a stable Canadian bank and then lease a safe deposit box? Although a passport and a driver’s license would be required, would one necessarily have to disclose his SSN?
……………………….

Sounds like “Rally” is wanting to buy physical bullion (coins/bars), not futures paper.
Others reading this web site may be interested, too, so I’ll explain some about doing that.

Canada is a fine place to buy and sell, IF you can find the metal.
It is as scare there as in The States.

Yes, you (US citizen) can easily open a savings account at a Canadian bank.
Just show your passport.
Safe deposit boxes are available, too.
It’s much easier than opening an account — these days — at a US bank.

However, another option to a bank safe deposit box is to store your metal at the dealer where you purchased.
For example, Border Gold, in White Rock, BC (Vancouver suburb), will store metal at no charge, with no time limit.
I have done exactly that.
Service is old-fashioned friendly, and “country-style”, meaning not computerized.
I expect there are other Canadian PM dealers who will do the same.

However, doing PM business in Canada is different than in the US.
They don’t much like email or phone — you need to go in person and show your face.
Don’t expect a warm reception — they don’t much care for people from The States — but they will take your money and give you the metal, or a receipt if they store it for you.

– Peter
Peter4 allmail NET
.

By: Mark

Mark — Fri, 17 Jul 2009 20:30:40 +0000

Thank you for the post regarding Lithuanian citizenship. I followed up with Marius who redirected me to a colleague who specializes in that area. Unfortunately, Lithuania requires you to renounce your past citizenship, making dual citizenship not an option. I’m not ready to go that far just yet, but it’s great to know that there is an option available to me if Obama continues our country down the path he’s taking it.

By: David

David — Tue, 14 Jul 2009 16:58:11 +0000

I expect you have not had an opportunity to respond to my earlier post. If you have, I’ve missed it. In particular, I would like to know if you think you will be able to look into my question regarding Thales Securities at some point? In addition, I am interested in the idea you have proposed in the past of creating an independent safe deposit service in Panama. Best wishes, David

By: Edward Eatock

Edward Eatock — Tue, 14 Jul 2009 10:03:05 +0000

Simon,

Love the articles. Have dropped an email to the admin account please read when you have the chance. Keep up the good work.

By: John Potts

John Potts — Tue, 14 Jul 2009 05:46:30 +0000

Simon — I want to mail you a book you might enjoy reading. What is a good mailing address for this?

John 7/13/09

By: Rally

Rally — Mon, 13 Jul 2009 13:41:30 +0000

Would Canada be worth considering as a safe place to store and, when necessary, to sell or trade PMs? As far as I know, there is no history of confiscation or other government hostility to private ownership of gold. Could, say, a U.S. citizen open a minimally funded savings account (less than 10K CD ) at a stable Canadian bank and then lease a safe deposit box? Although a passport and a driver’s license would be required, would one necessarily have to disclose his SSN? As long as no U.S. or Canadian tax laws are violated, would anyone care? Just asking.

By: Paddy

Paddy — Sat, 11 Jul 2009 04:40:00 +0000

Great daily letter – especially these “answering your questions” segments.

On Honduras; an expat friend of mine living there was quite pleased that Zelaya was expelled due to the reasons you mentioned.

Question: I am planning to start an online business. Can you provide me with any good sources for the “dos & don’ts” of starting such a venture? Can you recommend any web design/developers?

By: Art

Art — Fri, 10 Jul 2009 22:45:52 +0000

Can you or anyone else tell me where to buy gold bullion–e.g., kruggerands or any other kind of coins–at a good price in the Barcelona and Gerona (Girona) area of NE Spain (Catalonia)?

By: Jeff

Jeff — Fri, 10 Jul 2009 20:57:24 +0000

Simon,
Hello. You mention your upcoming travel includes Poland. I understand that they have a similar citizenship/passport program to Lithuania based on ancestry. I was researching this last year and supposedly found an attorney that specialized in helping people through the process. It turned out to be a dead end with no replies to emails, problems with their website, and a lost deposit for an initial review. Can you verify the program in Poland and provide an attorney recommendation? Thanks,

Jeff