Overseas Gold? 2022

Discussion of the Gold portion of the Permanent Portfolio

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Hal
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Overseas Gold? 2022

Post by Hal » Fri Apr 29, 2022 9:07 pm

In another thread,
(joypog wrote)
On the gold front...

moved to this new thread in the Gold § \DS 🚧
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joypog wrote:
Fri Apr 29, 2022 8:47 pm
Hal wrote:
Fri Apr 29, 2022 8:25 pm
ps: That's why I like the GoldSmith portfolio. Instead of seeing the individual assets classes swing widely, you just see the price of Gold & VDCO. Much better if you have a weak stomach for volatility.
ohh I dig the idea. It's an elegant process when the novelty wears off and I don't feel like finetuning the portfolio.

On the gold front...I'm curious how many people actually hold cold outside of their home country? I'm looking at the Perth mint...we still need to do some more research...hell maybe I'll become a real libertarian when it's all said and done! I was surprised when my wife didn't completely roll her eyes into the back of her head when I floated the idea of buying physical gold out of country.
Perth Mint Allocated - Used them for years. No issues
https://www.perthmint.com/invest/inform ... e-options/

Singapore
https://sgpmx.com

Vanguard VDCO
https://www.vanguard.com.au/adviser/pro ... s/32089/AU

Heading off to Ballarat now. Old gold mining town ;D
https://en.wikipedia.org/wiki/List_of_g ... ts_by_size

ps: Listen to 6 min mark. https://www.youtube.com/watch?v=VDGiGFhp92Q
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
Hal French
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Overseas Gold? 2022

Post by Hal French » Sat Apr 30, 2022 2:57 pm

joypog wrote:
Fri Apr 29, 2022 8:47 pm
Hal wrote:
Fri Apr 29, 2022 8:25 pm
ps:

On the gold front...I'm curious how many people actually hold cold outside of their home country? I'm looking at the Perth mint...we still need to do some more research...hell maybe I'll become a real libertarian when it's all said and done! I was surprised when my wife didn't completely roll her eyes into the back of her head when I floated the idea of buying physical gold out of country.
May be outdated (and/or repeated and updated in Craig R's book) but Harry Browne's PP book details the Swiss and Austrian banks where buying physical gold can be easily accomplished, what exactly to ask for (physical gold in segregated custody), and so forth.
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Overseas Gold? 2022

Post by dualstow » Sun May 01, 2022 7:11 am

joypog wrote:
Fri Apr 29, 2022 8:47 pm
On the gold front...I'm curious how many people actually hold cold outside of their home country? I'm looking at the Perth mint...we still need to do some more research...hell maybe I'll become a real libertarian when it's all said and done! I was surprised when my wife didn't completely roll her eyes into the back of her head when I floated the idea of buying physical gold out of country.
There are tons of threads on it. Let me know if you need help finding them, but a search for “Perth” will dig up a lot.
Most of the rest are from those who live near the Canadian border with the U.S.
And of course, what Hal French said above. That’s in the radio archives, too, and like Hal F, I’m also not sure if that info still holds true today.
Let 2022 be the year of GOLD
Salman Rushdie stabbed in the neck while giving a lecture in western NY state
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Overseas Gold? 2022

Post by joypog » Sun May 01, 2022 12:03 pm

Yup, I've dug through the archives. From what I can tell Perth seems like the easiest option for foreign storage.

I was just more curious as far as how many people actually follow through on holding / storing gold outside of the home country.

If calamity hits, it would be nice to think I have a nest egg otu of the home country. But when I think of the specific - shit's goes down, we have to wrangle passage to western australia, and hope they accept my claim if we make there...all during a panic Seems unlikely...but if I'm going to hold gold, I guess might as avoid putting it all into an ETF.

I've looked at the exchange in Singapore, but I'm not hot on storing my physical assets in a small city state trapped between Malaysia and Indonesia.

Craig Rowland's book mentioned Global Gold (now BFI Bullion) but the 50k minimum is a bit of a turnoff, and it just feels "new"...
I have no clue. Ask me next May.
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Overseas Gold? 2022

Post by pugchief » Sun May 01, 2022 12:59 pm

joypog wrote:
Sun May 01, 2022 12:03 pm
Yup, I've dug through the archives. From what I can tell Perth seems like the easiest option for foreign storage.

I was just more curious as far as how many people actually follow through on holding / storing gold outside of the home country.

If calamity hits, it would be nice to think I have a nest egg otu of the home country. But when I think of the specific - shit's goes down, we have to wrangle passage to western australia, and hope they accept my claim if we make there...all during a panic Seems unlikely...but if I'm going to hold gold, I guess might as avoid putting it all into an ETF.

I've looked at the exchange in Singapore, but I'm not hot on storing my physical assets in a small city state trapped between Malaysia and Indonesia.

Craig Rowland's book mentioned Global Gold (now BFI Bullion) but the 50k minimum is a bit of a turnoff, and it just feels "new"...
Yes, storing it in Australia, which thru Covid has shown itself to be authoritarian and insane, is a much safer option. :P
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Overseas Gold? 2022

Post by dualstow » Sun May 01, 2022 3:27 pm

joypog wrote:
Sun May 01, 2022 12:03 pm
I was just more curious as far as how many people actually follow through on holding / storing gold outside of the home country.
Ok, but you’re wondering in the wrong place. Maybe you could start a poll? I’d be curious to see an update, too, even though I don’t hold gold overseas myself.

Here are some older threads.

Ideal Overseas Gold Storage Option
viewtopic.php?t=5397&p=84794

Should Overseas Gold Holding Be Rethought?
viewtopic.php?f=5&t=4287&p=60832

and a less old one (Dec 2021)
Gold Storage in Austria
viewtopic.php?t=12409
Let 2022 be the year of GOLD
Salman Rushdie stabbed in the neck while giving a lecture in western NY state
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Overseas Gold? 2022

Post by boglerdude » Sun May 01, 2022 5:06 pm

> Australia, which thru Covid has shown itself to be authoritarian and insane

Not the country of Crocodile Dundees I was told it was. https://texasbulliondepository.gov/

Also consider a rental prop for inflation protection, if you like to stay busy.
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Hal
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Overseas Gold? 2022

Post by Hal » Sun May 01, 2022 6:00 pm

boglerdude wrote:
Sun May 01, 2022 5:06 pm
> Australia, which thru Covid has shown itself to be authoritarian and insane

Not the country of Crocodile Dundees I was told it was. https://texasbulliondepository.gov/

Also consider a rental prop for inflation protection, if you like to stay busy.
But your gold will be safe with us.... ::)
https://www.news.com.au/world/coronavir ... 5e4e6aef8d

However, being serious now. Watch the Australian Elections this year. If socialist nutcases get into Government, I would re-evaluate storing Gold here.
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Re: Overseas Gold? 2022

Post by joypog » Mon May 02, 2022 7:10 am

Hal wrote:
Sun May 01, 2022 6:00 pm
However, being serious now. Watch the Australian Elections this year. If socialist nutcases get into Government, I would re-evaluate storing Gold here.
Between the right-wing Russophiles and left-wing wokesters that have taken over both US parties...and apparently everywhere else....where the hell is there to go?!
I have no clue. Ask me next May.
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Re: Overseas Gold? 2022

Post by stpeter » Mon May 02, 2022 6:28 pm

joypog wrote:
Mon May 02, 2022 7:10 am
Hal wrote:
Sun May 01, 2022 6:00 pm
However, being serious now. Watch the Australian Elections this year. If socialist nutcases get into Government, I would re-evaluate storing Gold here.
Between the right-wing Russophiles and left-wing wokesters that have taken over both US parties...and apparently everywhere else....where the hell is there to go?!
Exactly: hell. >:D
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Re: Overseas Gold? 2022

Post by yzninw » Mon Jul 25, 2022 4:59 pm

I've read about the PP on and off for years and just came across the idea that gold outside one's country is recommended, I love the idea.

Do any of these allow opening an account without going there, or would I have to travel in person? It would be convenient to do it remotely.
Or could a proxy open an account?

Also since protection from one's home country is part of the reason, I would like not to use my national financial system, do any of them accept cryptocurrency?
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Re: Overseas Gold? 2022

Post by dualstow » Mon Jul 25, 2022 5:18 pm

Hello there. You could open an account with the Perth Mint remotely. Not sure about cryptocurrency.
I have bought a fleck of gold from Apmex with bitcoin to see what it was like, but the fees were enough for me to know I wouldn’t do it regularly.
Let 2022 be the year of GOLD
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Re: Overseas Gold? 2022

Post by Mark Leavy » Mon Jul 25, 2022 9:40 pm

yzninw wrote:
Mon Jul 25, 2022 4:59 pm
I've read about the PP on and off for years and just came across the idea that gold outside one's country is recommended, I love the idea.

Do any of these allow opening an account without going there, or would I have to travel in person? It would be convenient to do it remotely.
Or could a proxy open an account?

Also since protection from one's home country is part of the reason, I would like not to use my national financial system, do any of them accept cryptocurrency?
It defeats the purpose if you aren't able to easily travel there. I wouldn't store gold overseas unless I were already comfortable traveling in that country. Plus, it's fun. Go there. Check out the country you are interested in. Talk to the bankers or vault holders or gold dealers. See how it feels. That's worth it's weight in gold right there. Ba Dum!

Then, it gives you an excuse to go visit every year or two. So pick a fun country.

Harry liked Switzerland, which is indeed an awesome place if you have enough coin. Unfortunately not very open to Americans these days.
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Re: Overseas Gold? 2022

Post by Smith1776 » Tue Jul 26, 2022 12:25 am

You guys should come up here to Canada and store your gold here!

Different country, but still within a reasonable distance (no overseas adventures). And we've got strong laws and respect for private property, etc.
The only dogma I follow is diversification.
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Re: Overseas Gold? 2022

Post by dualstow » Tue Jul 26, 2022 9:44 am

Can we stash it at your place?
Let 2022 be the year of GOLD
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Re: Overseas Gold? 2022

Post by I Shrugged » Tue Jul 26, 2022 1:22 pm

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Re: Overseas Gold? 2022

Post by Smith1776 » Tue Jul 26, 2022 3:56 pm

dualstow wrote:
Tue Jul 26, 2022 9:44 am
Can we stash it at your place?
Yup! The security of my storage unit is impregnable!

Funny story. When I was in high school I left my wallet in my backpack and stuffed it into one of the lockers during gym class. I did NOT have a lock on the locker. Not a smart move, but hey, I was just a kid. When class was in session someone went through all the unlocked lockers and stole all the valuables they found. (One of my friends had their Gameboy taken.) My wallet? They never found it because my backpack was filled candy wrappers, chip bags, and other assorted garbage.

My storage unit is similarly a sty. That's the kind of foolproof security that has never failed me. O0
The only dogma I follow is diversification.
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Re: Overseas Gold? 2022

Post by seajay » Tue Jul 26, 2022 7:41 pm

Australian law has a history of permitting gold to be 'confiscated' at a pen-stroke, with no need for any Parliamentary Bill (Bill already pre-passed), in order to support the AUD (at a price set by the central bank). Never applied, instead past part confiscations include setting a 50% taxation rate above 9 AUD/ounce sale value were applied instead.

Feels very much a case of domestic (to Australia) gold 'theft' being upper in mind in the event of a AUD crisis, and just a pen-stroke away.

As a non-Australian I wouldn't fancy having to constantly keep on top of Australian issues/risk from a distance, so discounted the likes of Perth Mint. Would rather keep abreast of more local/domestic issues/risk and look to liquidate, electronic transfer the sale proceeds, repurchase elsewhere as a means to move physical gold from one country to another relatively easily/quickly if/when that seemed to be appropriate.
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Re: Overseas Gold? 2022

Post by dualstow » Thu Jul 28, 2022 5:28 pm

Good to know, Seajay!
Smith1776 wrote:
Tue Jul 26, 2022 3:56 pm
dualstow wrote:
Tue Jul 26, 2022 9:44 am
Can we stash it at your place?
Yup! The security of my storage unit is impregnable!

Funny story. When I was in high school I left my wallet in my backpack and stuffed it into one of the lockers during gym class. I did NOT have a lock on the locker. Not a smart move, but hey, I was just a kid. When class was in session someone went through all the unlocked lockers and stole all the valuables they found. (One of my friends had their Gameboy taken.) My wallet? They never found it because my backpack was filled candy wrappers, chip bags, and other assorted garbage.

My storage unit is similarly a sty. That's the kind of foolproof security that has never failed me. O0
Years before I got into the pp or gold, I remember seeing an ad for fake soiled underwear (Walter White style tightie whitey briefs) in which to hid your valuables. I thought, damnit, these guys are ruining it. I used to hide things in a pile of dirty laundry. Used to.
Let 2022 be the year of GOLD
Salman Rushdie stabbed in the neck while giving a lecture in western NY state
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Re: Overseas Gold? 2022

Post by Smith1776 » Sat Jul 30, 2022 2:45 pm

dualstow wrote:
Thu Jul 28, 2022 5:28 pm
Good to know, Seajay!
Smith1776 wrote:
Tue Jul 26, 2022 3:56 pm
dualstow wrote:
Tue Jul 26, 2022 9:44 am
Can we stash it at your place?
Yup! The security of my storage unit is impregnable!

Funny story. When I was in high school I left my wallet in my backpack and stuffed it into one of the lockers during gym class. I did NOT have a lock on the locker. Not a smart move, but hey, I was just a kid. When class was in session someone went through all the unlocked lockers and stole all the valuables they found. (One of my friends had their Gameboy taken.) My wallet? They never found it because my backpack was filled candy wrappers, chip bags, and other assorted garbage.

My storage unit is similarly a sty. That's the kind of foolproof security that has never failed me. O0
Years before I got into the pp or gold, I remember seeing an ad for fake soiled underwear (Walter White style tightie whitey briefs) in which to hid your valuables. I thought, damnit, these guys are ruining it. I used to hide things in a pile of dirty laundry. Used to.
Why would I go out and buy fake soiled underwear when I have so much at home? 8)
The only dogma I follow is diversification.
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