Seems like there are a number of private banks in Switzerland that specialize in ‘preservation of capital.’
A well-heeled fellow that I chatted with keeps his gold coins in a bank safe deposit box. Note — in the ’30s, when FDR required Americans to turn in their gold, he stopped access to safe deposit boxes.
An interesting alternative is to buy shares in StreetTracks, which holds its gold in London, outside of U.S. government reach:
Unfortunately, in time of crisis, many governments may act in concert, or feel obligated to under pressure from the U.S. In the old days, the Swiss would thumb their nose at the U.S., but after reading “Gold Wars” by Ferdinand Lips, I’m not sure if the Swiss still have the backbone to do such.
Tell me if you come across some good ideas for safe storage.
