US based, overseas storage available, blah blah blah.
Anyone?
Anyone using Hard Assets Alliance?
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- I Shrugged
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- dualstow
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Re: Anyone using Hard Assets Alliance?
There are a few threads on it by people commenting (Sophie, MachineGhost, yourself) and others flirting with the idea (Fradika, alvin roast), but I couldn’t find anyone who announced pulling the trigger.
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Re: Anyone using Hard Assets Alliance?
To me, "US based" is a negative.I Shrugged wrote: ↑Tue Oct 23, 2018 6:29 pm US based, overseas storage available, blah blah blah.
Anyone?
I'd rather have both geographical and jurisdictional diversification, e.g., Global Gold.
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Re: Anyone using Hard Assets Alliance?
Understood. The upside is no reporting complications. And no foreign transactions. Then again, with bullion in storage, reporting is not needed AFAIK.
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Re: Anyone using Hard Assets Alliance?
Last year, I questioned them about what they'd do if ordered to surrender a client's gold. They didn't seem to have a definitive answer.
I would think if the gold is in a US vault, and there is a US court order against you, the gold can be seized to settle whatever judgement. If the gold is in the private vault they use in Switzerland, then I don't know. I'm less concerned about the asset protection part of it than the SHTF situation where I simply would like to own some gold in another country. I think in that case, buying gold through a US agent, stored in another country, probably works. Depending on the fine print of course.
This is the thing about gold. Every ownership choice is a compromise. I guess I need to define my priorities.
I would think if the gold is in a US vault, and there is a US court order against you, the gold can be seized to settle whatever judgement. If the gold is in the private vault they use in Switzerland, then I don't know. I'm less concerned about the asset protection part of it than the SHTF situation where I simply would like to own some gold in another country. I think in that case, buying gold through a US agent, stored in another country, probably works. Depending on the fine print of course.
This is the thing about gold. Every ownership choice is a compromise. I guess I need to define my priorities.
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Re: Anyone using Hard Assets Alliance?
That is unclear, so I report anyway.I Shrugged wrote: ↑Wed Oct 24, 2018 11:32 am Understood. The upside is no reporting complications. And no foreign transactions. Then again, with bullion in storage, reporting is not needed AFAIK.
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Re: Anyone using Hard Assets Alliance?
Perth mint. Government backed.
Re: Anyone using Hard Assets Alliance?
Be aware of this though...
In this respect Australia has a relatively higher risk because Australian law already has a mechanism in place to require delivery of gold to the Reserve Bank of Australia (RBA) - Part IV of the Banking Act 1959. There is no need for the Government of the day to have to rush new legislation through that may attract public comment or opposition. All that is required is the Governor General to proclaim that Part IV shall come into operation. The ease with which this can occur is a negative mark for Australia
Full details here:
http://www.bullionmark.com.au/gold-silv ... -australia