TT
I have purchased and stored precious metals with Silver Bullion for several years. This bullion dealer truly understands their customer needs and has consistently exceeded my expectations when working with them. I work as a global independent contractor and have modest financial account holdings in New York, Frankfurt and Zurich. Silver Bullion, however, offers safe, affordable, and confidential storage in arguably the best jurisdiction in the world, Singapore.
Let me explain how simple it is to do business with Silver Bullion. Although Singapore is one of the largest global financial centers, their political leadership does not wish to be too heavily reliant on their banking industry. Yes, Singapore has the safest banks in the world, but they have pushed hard over the past 20 years to diversify their economy. PM bullion is therefore tax-free because this island state is focused on developing commerce.
Ask yourself how do I safely and confidentially reposition my financial assets from being a creditor to the banking system over to a jurisdiction that eliminates that type of counter-party risk? You can open an on-line account with Citibank Singapore from your home jurisdiction, including the USA. Western Union on-line accounts have more affordable international wire-transfer fees than most banks. I initially wired $100K over during previous visits to Singapore, but over the past 2 years the US banking sector has progressively increased their capital controls. Chase Bank recently told me that $25K was their maximum daily wire-transfer amount and they have monthly maximum transfer rates as well. I strongly encourage you to legally and securely: Get Out of The System!
Visit your Singapore bank and ask for a cash withdrawal. Unlike the paper US $100 dollar bill or the EU 500 Euro bill, Singapore has a commonly used 1,000 SGD bill. I have never been asked by a Singapore bank why I need 100 or fewer 1,000 SGD bills. I did however recently ask for $130K SGD cash withdrawal and the bank teller requested that tell them in general terms what this currency was going to purchase. In this case, you simply inform your Singaporean bank that your cash purchases are intended for "personal" reasons and not reportable "business" purposes.
Welcome to Singapore! Now take your honest cash, put it in your pocket, and head on over to Silver Bullion and go shopping. I know there are other methods to transfer currency to Singapore like sending Bitcoins using CoinCircles.com, but I personally still prefer using cash. Singapore is a very safe jurisdiction. It would be a rare event for anyone in Singapore to get mugged in broad daylight. You do not need a car. Just jump on a light-rail MRT train and travel over to the Paya Lebar station to visit Silver Bullion.
I currently prefer using The Safe House storage for my precious metal holdings. Unlike other programs (like GoldMoney.com), FATCA regulations are not applicable. Silver Bullion is dedicated to serving their customers' confidential needs to keep their personal property private. Discretion and professionalism is the foundation of everything they do. A privately held safety-deposit box is not legally reportable. Most people fail to understand that without privacy, you have no personal property. And without personal property, you can have no individual freedom. I highly recommend Silver Bullion for your PM storage.