Comments on: Storing gold in Austria

By: JLouisBiz

JLouisBiz — Thu, 02 Feb 2012 13:43:00 +0000

That is true, I agree with the keeping the gold close to the hands of relatives. Only that must be really secret place, and not buried in the garden or on the land where someone with a metal detector may find it.

By: JLouisBiz

JLouisBiz — Thu, 02 Feb 2012 13:41:00 +0000

That is an excellent article. Austria is perfect for anonymous gold buying. One may buy up to €15,000 or about $19,000 per purchase gold without questions and without ID asked. We assist our clients purchase gold anonymously in Austria.

By: Markus

Markus — Wed, 28 Dec 2011 11:19:00 +0000

I totally L-U-V-V-E travelling to Nigeria and then being f***ed by all you smart people down there :)))

By: Markus

Markus — Wed, 28 Dec 2011 11:08:00 +0000

proponents of keeping your physical bullion at home and moving it to some sort of “backup facility” somewhere else are equally split in the investor world.

It’s both a matter of taste and one’s individual situation. No general one-size-fits-all answer possible (as actually always in life as long as humans continue to be humans=individuals)!

There may be very good reasons for either approach. While it is true that counter-party risk as well as (all sorts of) systemic risk may become major aspects in the near future, there may sometimes be good reasons for “diversifying” one’s storage locations too.

By: Stanley Elgin

Stanley Elgin — Sun, 23 Aug 2009 00:56:28 +0000

I wouldnt keep anything of value at das safe.

By: frankania

frankania — Fri, 14 Aug 2009 23:03:01 +0000

Are you all crazy? Bury the gold and only tell your trusted relatives where it is! Why depend on some obscure bureaucracy to hide such a basic commodity?

By: George Junior

George Junior — Mon, 03 Aug 2009 15:53:44 +0000

What is the mark up price mark up you pay for Philharmonics at Austrian banks. At Kitco, Kruggerands sell for 5% above spot. I suspect an Austrian bank will charge much more than that 5%.

By: Courier One

Courier One — Sun, 02 Aug 2009 18:57:01 +0000

Sounds good. But what if, one fine day, you attempt to take out your “stuff” and you’re denied entry? Or the authorities claim your registration is a forgery? Think it can’t happen? Ha! Ask the survivors of the Holocaust and their descendants how they were treated by the Swiss banks when they showed up with account books and documentation (Google it. This was a huge story). People were arrested and jailed for “forgery.” If Edgar Bronfman’s work is to be believed, some were killed. Or check out how Japan handled the “redemption” of gold certificates. It was the same as the “Swiss Solution. Declare the certificates forgeries, arrest everyone associated with them and keep the gold. Or if push comes to shove-it-wher-the-moon-don’t shine, they just declare possession illegal, as the US did in the ’30s.

Be very wary of putting your precious anything in the hands of third parties, whether offshore “havens,” private vaults, banks, governments or your cousin Bennie. In desperate situations people tend to do desperate things. As the old adage goes, “Do NOT f**k with my money.” And somehow governments (and banks, which tend to own the governments) always come to believe that your money is really their money.

You might want to hit the local library or bookstore and pick up a copy of GOLD WARRIORS before you make a decision of such consequence.

By: Ron Michael

Ron Michael — Thu, 30 Jul 2009 23:54:16 +0000

Hi Simon
Curious to know how comfortable you felt with das safe? How much gold can you store in 500 dollar a year safe? Also how much gold will they allow you to bring into Austria through customs? Please e-mail me thanks

By: James H

James H — Wed, 29 Jul 2009 18:55:30 +0000

Great article. I have two questions to add. How about storing silver in Austria? Where are the best places to buy silver in Austria and do they have a 8% VAT like Switzerland?

By: Joe N

Joe N — Wed, 29 Jul 2009 18:07:06 +0000

Simone, how about insurance, is there any insurance included in the price ?

By: SK

SK — Wed, 29 Jul 2009 06:31:55 +0000

Simon – Ihave been to Das Safe, agree with your assessment… to Alfonso’s comment, NO place is going to be totally safe, but das safe is certainly one of the last places you will see government thugs.

By: Alfonso Landa

Alfonso Landa — Wed, 29 Jul 2009 06:12:23 +0000

Dear Simon

Because of the recent atrocity of the London Police, Mark Nestmann is now on record saying that NO safe deposit facility ANYWHERE on the globe is safe. Yet, you are recommending Austrian safe deposit boxes, and Das Safe. Do you think you and Mark could get together and try to come to a consensus?

By: Lonnie H

Lonnie H — Tue, 28 Jul 2009 23:49:41 +0000

hey Simon great article i was just in austria last summer and its beautiful… I am about to graduate college and looking for a great location to start an offshore business, any suggestions? I have been doing a lot of research on the bahamas because of their 0 income tax and 0 capital gains… I also just bought mark nestermanns’ book and am looking forward to reading it.

keep up the good work,
Lonnie H

By: Marquelle

Marquelle — Tue, 28 Jul 2009 21:42:28 +0000

So along the same lines as Jason Bourne, is that where you keep a box for some of your passports, cash/currencies/gold, and a pistol…just in case?

By: Rowan

Rowan — Tue, 28 Jul 2009 19:24:34 +0000

24/7 Private Vaults
– http://www.24-7privatevaults.com
3110 E Sunset Rd # H, Las Vegas – (702) 948-5555

There is also a ‘blind’ safe deposit box corp in Las Vegas, NV who operateds on cash-only. Boxes are all sizes. the identify-er is the scan of one’s Iris. The local gov also utilizes their services as a back-up. An ol’ codger owns it. met the guy, strong Libertarian.

check it out as i think it’s one of only a handful in the states