Gold is one of the most valuable metals and has been that way for several centuries. Having gold physically with you is considered to be the ultimate expression of value. But having a ton of gold stored physically at home could be risky due to a lot of different reasons. If you’re looking at a long-term investment for profit or just want to buy and store gold with Guardian, offshore storing is your safest bet. Let’s look at a few advantages of storing gold offshore.
1. We’ve all known the value of several currencies to either drop or rise at a moment’s notice. Even though the value of gold keeps fluctuating, it’s not as bad as flat currencies. When it comes to storing gold while trying to avoid economic instability, storing gold offshore could be your only option. This preserves the value of gold no matter how long you keep it stored.
2. You might be thinking that the easiest way to store gold offshore is to buy the gold at a local retailer and then store it offshore. Although this seems like the most straightforward method, there’s better value in buying the gold directly from offshore vaults and asking them to store it there. Even though they charge some extra money, it still works out cheaper than buying the gold here.
3. Whenever there’s an economic and financial instability period going on, the government usually stops the import of gold altogether. You will never have to face this problem when you’re buying and storing gold offshore as the government has no jurisdiction over other countries.
4. Storing your gold in offshore vaults and facilities means you do not have to worry about your gold being damaged in any shape or form. These vaults and facilities will have high-level security and since these vaults all have a thick layer of physical protection, they are safe from disasters, theft, and illegal entry. Only authorized owners have access to their vaults.
5. If you do decide to sell your gold, offshore vaults make it easier to sell them at very good prices. You don’t have to pay any amount of money when it comes to transportation and verification. You can sell it hassle-free, provided you have chosen the right offshore vault facility.
There are several other benefits of storing your gold offshore. If you are planning to buy gold anytime soon, I suggest considering offshore storing before buying. This will save you a lot of complications in the future.