RED ALERT: World's biggest gold storage company dumps US citizens

This has been coming on for some time.  500 pages of regulations (of U.S. citizens) that any bank or storage facility has to comply with if they have a reciprocal agreement with the U.S.  And, the U.S. is pressuring virtually every country to comply.  Most have caved, so far Singapore has not.  Here are a couple of predictions:

First, all qualified plan monies (pensions, 401ks, IRAs, etc) will have at least half of their value confiscated by the government by regulation requiring the confiscated amount be put into government bonds “because they are safer investments” and

Second, if you have stored gold here in the states or have it in your home, the government WILL COME FOR IT.   This will happen as a new law requiring that all gold be turned in to the government for “safe keeping”.  Funny, Germany which has requested their gold stored by our government has been told it will be sent to them over a 7 year period.  I wonder if the confiscated gold they take away from us will be used to return the gold Germany entrusted to us for storage….where did Germany’s gold go?  Obviously it is not available so it must be gone or we would return it to them as requested.   

Date: February 22, 2013 Reporting From: Sovereign Valley Farm, Chile ViaMat, a Swiss logistics company that has been safeguarding precious metals since 1945, is literally the gold standard in secure storage. They have vaults from Switzerland to Hong Kong to Dubai, and they count among their clients some of the largest mining companies in the world. They know what they're doing. And now they're dumping US citizens. ViaMat does a great deal of business within the United States. As such, the company is heavily exposed to the insane US regulatory environment. As an example, the 2010 Foreign Account Tax Compliance Act turned into more than 500 pages of regulation! The costs and risks associated with compliance simply became too much for ViaMat to bear. This matter-of-fact letter from ViaMat management explains their decision: "We are currently experiencing rapid and substantial changes in the general regulations within this business. The changes mainly relate to the tax structures and taxation systems of various countries. As a consequence of these changes VIA MAT INTERNATIONAL has taken the decision to stop offering this service at its vault [sic] outside of the US to private customers with potential US-tax liability."                    This is huge. I can't possibly overstate the potential ramifications. For one, the big gold depositories like Gold Money and Bullion Vault ALL use ViaMat as a primary secure storage provider. So it's only a matter of time before ViaMat's decision cascades across these other firms. I have written extensively about this to subscribers of our premium service, Sovereign Man: Confidential; most gold storage firms are all essentially different varieties of the exact same product. They are retail marketing channels that ultimately use ViaMat to store their gold bars. If ViaMat has US exposure, THEY have US exposure. It's the same risk. Now, if you're in the United States in particular, one of the most important (and cost effective) steps you can take in international diversification is to store precious metals overseas. Gold remains the most effective 'anti-currency' out there, a bet against a corrupt financial system and debt-laden sovereign governments. But remember-- governments have an unblemished track record of plundering their citizens' wealth. So if you store your gold in the US, you might as well ask Barack Obama to keep it under his mattress. If history is any guide, storing gold abroad is critical. And it's one of those things that you won't be worse off for doing. The thing is, it's equally critical to work with a service provider that has no US exposure. There are very few options out there. Again, most of the big boys use ViaMat, which has heavy US exposure. Or Brinks, which is a US company. For nearly a year, I've been encouraging our premium subscribers to store their gold with a Singapore-based company that has the most advanced, transparent operation on the planet. They are 100% Singaporean, and their US regulatory exposure is effectively zero. They're also one of the only firms on the planet that actually tests the gold it sells (and stores) through three different methods, including X-ray and ultrasound. This way you know that your gold is, in fact, gold... and not tungsten. Best of all, they're launching a new service to receive your existing gold at their facilities in Singapore. So if you've just been shut out of ViaMat, or you want to transfer your gold from another facility that has heavy US exposure, these guys will be able to do it. They are, without a doubt, the best solution out there. And Sovereign Man: Confidential members have received unprecedented discounts and exclusive access to new services offered by this firm. Storing gold overseas makes sense no matter what happens. And it's critical to choose a reputable partner with no US exposure. If you agree with this premise and are serious about taking action, I'd encourage you to get started right away with a premium membership. Get the actionable intelligence you need, all backed by our risk-free guarantee.   Until tomorrow, Simon Black Senior Editor, SovereignMan.com         Meet the guy who can help you make a killing in Chilean property   In last month's edition of Sovereign Man: Confidential Simon Black provided subscribers with some of the solutions for the looming agricultural challenges that are affecting food production, as well as an overview of the best places in the world to own high-quality farmland. On top of that, a groundbreaking solution was announced to ship your precious metals to the industry's leading innovator Silver Bullion in Singapore. This month's issue includes: An interview with a Chicago-born real-estate investor who lost everything by betting against a bailed-out U.S. property market in 2008-- then recouped many times more by investing in off-the-radar real-estate in Chile. He can help you do the same. An extensive boots on the ground account from Ecuador. The country is still incredibly cheap and continues to operate on mañana time. For some people it ticks all the boxes required. Ecuadorian real-estate can be an incredible value for money. Some of it is literally dirt-cheap. You can buy a house for only its construction cost, and get acres of very productive agricultural land for free. The extensive coverage of the country also includes updated information on the various ways to obtain residency in Ecuador. The barrier to entry is very low, and, if you want to live there, you can become eligible for citizenship after only three years. This month's issue also includes a thorough overview of buying & selling gold and silver bullion in Hong Kong. From coins to bars, from collectibles and jewelry to ingots-- everything is covered, including storage. The lengthy Q&A section tackles issues such as traveling with gold internationally, the ins and outs of taxation on worldwide income, and corporate tax rates and labor costs in Chile. To get immediate access to the knowledge contained within this month's issue, and all the back issues, click here to get the full details on your invitation to join Sovereign Man: Confidential today.