Don’t Hold Your Gold In A Swiss Bank

Don’t hold gold in a Swiss Bank or in any bank in any country. We regularly see examples both in medium-sized and big Swiss banks that should make bank clients very concerned. Here are some examples:

Client stores physical gold in a bank but when he wants us to organize a transfer to private vaults, the gold doesn’t exist and the bank must acquire it.

400 oz gold bars that were bought by the bank for the client in 2005, were cast in 2011, so the gold never existed.

A client stores gold in a bank of the highest reputation. The client has a statement that he owns physical gold. When he asks to inspect the gold, he is told that he can’t.

The client is told he owns physical gold and silver but actually only has paper metals.

Swiss banks are also doing all they can to stop clients taking their gold out. One major bank refuses to transfer gold out if the client isn’t present. Another major bank recently told the client that they don’t transfer client gold out of the bank to anyone, even if the client demands it.

Swiss banks tell their clients that physical gold and silver held in the bank vaults on behalf of clients is not on the bank’s balance sheet and based on Swiss law it belongs to the client. Yes, that is correct but how many times have we not seen that banks under pressure use client assets as security for their trading, especially when they are under pressure.

All of the above examples are first-hand direct experiences by our company and therefore totally factual. It is not hearsay or rumor spreading – it is all fact.

We are obviously not saying that our experiences above are the norm for Swiss banks. But what we are saying is that we have seen too many examples from many reputable banks to trust any bank, Swiss or foreign, or to feel comfortable with storing wealth preservation assets inside the banking system.

HOLD WEALTH PRESERVATION ASSETS OUTSIDE THE BANKING SYSTEM

Gold and silver are wealth preservation assets. Therefore, they must not be held within a rotten and massively leveraged financial system. Physical gold and silver must be held in the most secure private vaults outside the banking system and with personal access to the metals by the beneficial owner.