Thai Gold Bars are foreigners able to buy and take out of Thailand ?

[B1TcoinLife]

Are Thai gold bars the only form of gold bullion available for purchase in Thailand? Not possible to buy bullion coins like Krugerrands, Maple Leafs etc?

Maple leafs in Thai lol

I don't believe I've ever seen them but if it's possible I would try the big gold dealers in yamorat, bkk (Chinatown)

[B1TcoinLife]

Someone please report if you have even gone through Customs when leaving Thailand

And unless the gold it is in the shape of a gun, I have real doubts if the security inspectors are going to call the Customs Officers to come look at it

I agree with all the "financial" reasons for not doing it but it is the OP's money and he can do whatever he wants with it, to include making a lousy investment decision

You do not go through ANY customs when leaving. You declare items to customs upon arrival. No one will care if you are leaving with a suitcase full of gold bars. But the county you are flying to may.

I think they just might care when they x-ray that suitcase and find it millions worth of gold.... I doubt you or the gold would make the flight

Even with receipts, they would probably be looking for any excuse they could to confiscate a jackpot like that lol

Try it and tell us how it goes..

[JDLove]

Someone please report if you have even gone through Customs when leaving Thailand

And unless the gold it is in the shape of a gun, I have real doubts if the security inspectors are going to call the Customs Officers to come look at it

I agree with all the "financial" reasons for not doing it but it is the OP's money and he can do whatever he wants with it, to include making a lousy investment decision

You do not go through ANY customs when leaving. You declare items to customs upon arrival. No one will care if you are leaving with a suitcase full of gold bars. But the county you are flying to may.

I think they just might care when they x-ray that suitcase and find it millions worth of gold.... I doubt you or the gold would make the flight

Even with receipts, they would probably be looking for any excuse they could to confiscate a jackpot like that lol

Try it and tell us how it goes..

Listen, the security screen your bags for hazardous items or banned items for carry on. They are not custom officers as customs are only upon arrival. I have had hundreds Canadian Maples on my person, silver, palladium and platinum and all they asked was if I had coins on me. Yes, opened a tube and shook two out in my hands. They did not ask what metal, what the worth, or anything at all. Its not their job, ok? So why would bar bullion be any different? If its not a weapon, and is not prohibited as carry on, they do not care. Period.

If all the coins I had on me were platinum, the value with have been in the hundreds of thousands of dollars. I say once again, they were not interested in what metal they were, only verifying that they were coins.

"Looking for any excuse they could to confiscate" Dude, we are talking about flying out of Thailand, not Nigeria. Ok?

Ok this does seem a reasonable perspective thanks for clearing that up.

Also in reply to a earlier post you made, no I am no "trader" its a small hold position that I just would like to keep thats all.

Its not a bag full only a few small bars to hold for the future....

[Bigglewigs]

Are Thai gold bars the only form of gold bullion available for purchase in Thailand? Not possible to buy bullion coins like Krugerrands, Maple Leafs etc?

Maple leafs in Thai lol

I don't believe I've ever seen them but if it's possible I would try the big gold dealers in yamorat, bkk (Chinatown)

My question was not meant to be a joke. I was asking a serious question. Are there any other forms of bullion available for purchase in Thailand other than Thai gold?

[Bigglewigs]

Are Thai gold bars the only form of gold bullion available for purchase in Thailand? Not possible to buy bullion coins like Krugerrands, Maple Leafs etc?

Maple leafs in Thai lol

I don't believe I've ever seen them but if it's possible I would try the big gold dealers in yamorat, bkk (Chinatown)

My question was not meant to be a joke. I was asking a serious question. Are there any other forms of bullion available for purchase in Thailand other than Thai gold?

Not in Thailand. The closest place you will find Maples are in HK.

Thanks for the response. Maples was just an example. I was curious if there was any other type of bullion available. So if you want to buy bullion in Thailand, you're stuck with only Thai gold which is less than 99.9% pure?

[Langsuan Man]

Here is a web site that sells gold bars / bullion and if anyone would have Krugerrands or Maples they would and according to their web site they don't

http://www.ausirisgroup.com/products-gold-bullion-en.php

[Bigglewigs]

Here is a web site that sells gold bars / bullion and if anyone would have Krugerrands or Maples they would and according to their web site they don't

http://www.ausirisgroup.com/products-gold-bullion-en.php

Thanks for the info. They do show a couple of 99.99% bars including a couple by Pamp Suisse so at least there is an option.

Has anyone here brought gold or silver bullion coins into Thailand and if so any problems with customs?

[Naam]

Yes, many times.Never a problem, BUT, all the coins were LEGAL TENDER, and I always travel with a document from the Royal Canadian Mint stating that no duty is to be charged on legal tender coins. Translated into Thai of course. Only one time did a customs guy get excited when he saw all the coins, then I passed him the letter and he let me on my way. As with many things in Thailand, not everyone knows what the actual rules are regs are, until you point them out to them.

if you travel to the U.S. or continental Europe without declaring the real value of your "legal tender", are caught and then showing your "document" to a customs officer this will be the reaction you get from him:

[Naam]

the Royal Canadian Mint

cannot change prevailing laws and regulations pertaining to money laundering and tax evasion in other jurisdictions.

the "legal tender" myth did not prevent confiscation of gold coins when it was en vogue years ago to move value from Swiss bank accounts to relevant home countries. a Thai customs officer might fall for the afore-mentioned "document. a French, German or Italian one won't!

[Bigglewigs]

Here is a web site that sells gold bars / bullion and if anyone would have Krugerrands or Maples they would and according to their web site they don't

http://www.ausirisgroup.com/products-gold-bullion-en.php

Thanks for the info. They do show a couple of 99.99% bars including a couple by Pamp Suisse so at least there is an option.

Has anyone here brought gold or silver bullion coins into Thailand and if so any problems with customs?

Yes, many times. Never a problem, BUT, all the coins were LEGAL TENDER, and I always travel with a document from the Royal Canadian Mint stating that no duty is to be charged on legal tender coins. Translated into Thai of course. Only one time did a customs guy get excited when he saw all the coins, then I passed him the letter and he let me on my way. As with many things in Thailand, not everyone knows what the actual rules are regs are, until you point them out to them.

I was just curious. I'm more interested in being able to buy once there. I do have a number of rolls of US Constitutional coins, dimes, quarters and halves that are all pre 1964 and are 90% silver which are legal tender and would probably bring those when I come since they are the same as any other US coins, just different metal content. I don't suspect I'd have a problem with those.

Edited April 29, 2016 by Bigglewigs

[JeezeLooeze]

There seems to be a lot of misinformation here about buying gold in Thailand with a lot of "forumites" putting in their 2 cents worth when their opinion is only worth 1/2 a cent or less!

Here are the facts in a nutshell:

1. The Thai gold weight measurement standard is the "Baht" (this is where Thai fiat currency gets it's name from). One Baht weight is equal to 15.244 grams of bullion (bars) with a purity of 96.5% or 23.16 Karats. This means that a Thai gold bar of 1 Baht has 14.573264 grams of pure gold in it which is just under 1/2 a Troy ounce. One Troy ounce is 31.1034768g which is the international gold weight measurement standard of fine gold (99.99%). The remaining 3.5% weight in a 1 Baht bar of Thai gold are other metals. Due to the complexity of refining gold bars to 99.99% purity (the international standard) Thailand has settled on 96.5%.

2. Gold bars and coins are sold in 1, 2, 5 & 10 Baht weights. 1KG bars are also available. 99.99% Fine gold is also available if pre-ordered as this pure gold typically has to be imported from overseas refineries. The difference in the buy & sell rates, or "spread" for 1 Baht of 96.5% Thai gold bar is only 100 Baht, or about 200 Baht per Troy Ounce. Compare this to the spread of 1 Ounce gold coin purchased/sold in the US, UK, AUS, NZ, SA, etc. This low spread makes the buying and selling of gold in Thailand highly attractive and accessible to everyone. To ensure you are buying real gold it is recommended to buy from a member of the Thai Gold Traders Association such as Hua Seng Heng.

Gold is Thailand is priced in THB per Baht weight for 96.5% purity. Today the selling price is THB21,300/Baht and they will buy at THB21,200/Baht.

3. Buying and selling 96.5% Thai gold within Thailand is not a problem given it is the standard here. No need to show your ID and there is no sales tax for gold in Thailand. You can pay in cash and receive cash or a cash cheque when you sell. That Thai Gold is not 99.99% fine means selling it overseas will have additional costs such gold assay tests, and if you are not selling directly to a refiner then you should understand that agents need to cover their costs and overheads.

4. With regard to customs regulations if you wish to bring gold into another country these will vary from country to country so you will need to check your country's customs regulations. Here are the New Zealand customs regulations for "fine metal":

Gold bars, silver coins and silver shot are free of tariff duty.

Goods that are considered to be a “fine metal”, as defined in section 2 of the Goods and Services Tax (GST) Act, are also exempt from GST.

The GST exemption for fine metal applies to:

· Gold, in any form, being gold of a fineness of not less than 99.5 percent.

· Silver, in any form, being silver of a fineness of not less than 99.9 percent.

· Platinum, in any form, being platinum of a fineness of not less than 99.0 percent.

Gold bars at 99.99% purity and the silver shot of 99.99% purity will be exempt GST. The gold bars at 96.5% purity will be subject to GST.

Without knowing the purity of the silver coins I am unable to advise if the GST exemption applies.

It is a requirement to declare on your New Zealand Passenger Arrival Card if you are carrying a total of NZ$10,000 or more in cash.

In addition to the requirement to declare cash, you must also declare if you are carrying goods obtained overseas (or purchased duty free in NZ) that have a value of more than NZ$700.

Where this gets complicated is that some gold coins minted in certain countries are also legal tender. For example the 1 troy ounce American Gold Eagle coin with a face value of USD50.00 is legal tender in the United States but with an intrinsic gold content value of about USD1200 at current spot price. And so it would be possible to bring into NZ up to 140 of these USD50 Gold Eagle coins with a face value of just under NZD10,000.00 but with an intrinsic value of USD168,000 (NZD240,000).

To confirm this below from NZ Customs:

There are three categories that the coins may fall within:

Coins that are used or circulated (or intended for use or circulation)

The coins are exempt GST. For Customs purposes they are considered to be “cash” (we do not use the term “legal tender”). If you import NZ$10,000 or more of these coins you are required to declare on your NZ Passenger Arrival card that you are bringing into New Zealand a total of NZ$10,000 or more in cash and will also be required to complete a Border Cash Report. I can confirm that all American Eagle coins fall into this category.

Coins that are not considered to be “cash” but meet the definition of fine metal

These coins are exempt GST and for Customs purposes are considered to be goods. If you import goods obtained overseas with a total value of NZ$700 or more, you are required to declare these on the NZ Passenger Arrival card.

Coins that are not considered to be “cash” and do not meet the definition of fine metal

These coins are subject to GST and for Customs purposes are considered to be goods. You have an allowance of NZ$700 which may be used for accompanied goods. If you import goods obtained overseas with a total value of NZ$700 or more, you are required to declare these on the NZ Passenger Arrival card.

For coins that are not considered to be “cash” and other goods that you import, a Customs value must be established. For valuation purposes, the primary method of valuing imported goods is known as the transaction value system. In simple terms this is generally the purchase price paid for the goods. If, for any particular reason, the transaction value method may not be used there are secondary methods for establishing values.

Note that Thailand does not mint gold coins that are also legal tender in current circulation so the above information is not relevant for those wishing to take Thai gold coins out of Thailand. Given the political instability in Thailand, unforeseen currency devaluations (July 1997), central bank QE, Inflation, counterparty risk, onset of negative interest rates, cashless societies, financial repression, bank failures etc etc gold bullion accumulation makes for a sensible hedge in maintaining purchasing power. Here is a short video on buying gold in Thailand.

Edited May 1, 2016 by JeezeLooeze

[Naam]

the Royal Canadian Mint

cannot change prevailing laws and regulations pertaining to money laundering and tax evasion in other jurisdictions.

the "legal tender" myth did not prevent confiscation of gold coins when it was en vogue years ago to move value from Swiss bank accounts to relevant home countries. a Thai customs officer might fall for the afore-mentioned "document. a French, German or Italian one won't!

Thai customs did not "fall" for anything. Its in their list of duties and tariffs, that legal tender coins are free from duty. AND, we had two high value import specialists with Brinks and G4S take a coin and visit Thai customs to show them and ask them if duty would be charged, and both times they said no, if the coins are legal tender.

Another one of your useless posts that you know know nothing about. Stick to bonds namm....

my emphasis was on Europe where the jokes like "legal tender" are not accepted but "fungible value" is considered by customs. the same applies to the U.S.

this fungible value does not necessarily invoke custom or excise duties but is the basis to calculate the total amount to be reported when entering or leaving a country.

summary: little do you know

[Naam]

By the way....I have never ever been asked to report any amount when LEAVING A COUNTRY!! Just who should you report that amount to? The checkin staff??

your comment demonstrates how little you know

The Regulation and Notification require that any person who brings foreign currency into or out of Thailand, both in bank notes and coins, with the total aggregate value exceeding USD 20,000 or its equivalent, must declare such amount of foreign currency to a Customs officer at a port/airport of entry or exit, using the given Foreign Currency Declaration Form. You must complete, sign, and submit the Form to report your foreign currency where such currency are physically carried by your arriving in or departing from Thailand, or where they are from part of your baggage and that baggage is being carried on board the same conveyance across the border.

http://thailawyers.com/currency-limitation-how-much-cash-in-foreign-currencies-can-you-bring-into-thailand/

in Europe, including the United Kingdom the reporting threshold is €UR 10,000 most other countries adopted USD 20,000.-

[prb]

There seems to be a lot of misinformation here about buying gold in Thailand with a lot of "forumites" putting in their 2 cents worth when their opinion is only worth 1/2 a cent or less!

Here are the facts in a nutshell:

1. The Thai gold weight measurement standard is the "Baht" (this is where Thai fiat currency gets it's name from). One Baht weight is equal to 15.244 grams of bullion (bars) with a purity of 96.5% or 23.16 Karats. This means that a Thai gold bar of 1 Baht has 14.573264 grams of pure gold in it which is just under 1/2 a Troy ounce. One Troy ounce is 31.1034768g which is the international gold weight measurement standard of fine gold (99.99%). The remaining 3.5% weight in a 1 Baht bar of Thai gold are other metals. Due to the complexity of refining gold bars to 99.99% purity (the international standard) Thailand has settled on 96.5%.

2. Gold bars and coins are sold in 1, 2, 5 & 10 Baht weights. 1KG bars are also available. 99.99% Fine gold is also available if pre-ordered as this pure gold typically has to be imported from overseas refineries. The difference in the buy & sell rates, or "spread" for 1 Baht of 96.5% Thai gold bar is only 100 Baht, or about 200 Baht per Troy Ounce. Compare this to the spread of 1 Ounce gold coin purchased/sold in the US, UK, AUS, NZ, SA, etc. This low spread makes the buying and selling of gold in Thailand highly attractive and accessible to everyone. To ensure you are buying real gold it is recommended to buy from a member of the Thai Gold Traders Association such as Hua Seng Heng.

Gold is Thailand is priced in THB per Baht weight for 96.5% purity. Today the selling price is THB21,300/Baht and they will buy at THB21,200/Baht.

3. Buying and selling 96.5% Thai gold within Thailand is not a problem given it is the standard here. No need to show your ID and there is no sales tax for gold in Thailand. You can pay in cash and receive cash or a cash cheque when you sell. That Thai Gold is not 99.99% fine means selling it overseas will have additional costs such gold assay tests, and if you are not selling directly to a refiner then you should understand that agents need to cover their costs and overheads.

4. With regard to customs regulations if you wish to bring gold into another country these will vary from country to country so you will need to check your country's customs regulations. Here are the New Zealand customs regulations for "fine metal":

Gold bars, silver coins and silver shot are free of tariff duty.

Goods that are considered to be a “fine metal”, as defined in section 2 of the Goods and Services Tax (GST) Act, are also exempt from GST.

The GST exemption for fine metal applies to:

· Gold, in any form, being gold of a fineness of not less than 99.5 percent.

· Silver, in any form, being silver of a fineness of not less than 99.9 percent.

· Platinum, in any form, being platinum of a fineness of not less than 99.0 percent.

Gold bars at 99.99% purity and the silver shot of 99.99% purity will be exempt GST. The gold bars at 96.5% purity will be subject to GST.

Without knowing the purity of the silver coins I am unable to advise if the GST exemption applies.

It is a requirement to declare on your New Zealand Passenger Arrival Card if you are carrying a total of NZ$10,000 or more in cash.

In addition to the requirement to declare cash, you must also declare if you are carrying goods obtained overseas (or purchased duty free in NZ) that have a value of more than NZ$700.

Where this gets complicated is that some gold coins minted in certain countries are also legal tender. For example the 1 troy ounce American Gold Eagle coin with a face value of USD50.00 is legal tender in the United States but with an intrinsic gold content value of about USD1200 at current spot price. And so it would be possible to bring into NZ up to 140 of these USD50 Gold Eagle coins with a face value of just under NZD10,000.00 but with an intrinsic value of USD168,000 (NZD240,000).

To confirm this below from NZ Customs:

There are three categories that the coins may fall within:

Coins that are used or circulated (or intended for use or circulation)

The coins are exempt GST. For Customs purposes they are considered to be “cash” (we do not use the term “legal tender”). If you import NZ$10,000 or more of these coins you are required to declare on your NZ Passenger Arrival card that you are bringing into New Zealand a total of NZ$10,000 or more in cash and will also be required to complete a Border Cash Report. I can confirm that all American Eagle coins fall into this category.

Coins that are not considered to be “cash” but meet the definition of fine metal

These coins are exempt GST and for Customs purposes are considered to be goods. If you import goods obtained overseas with a total value of NZ$700 or more, you are required to declare these on the NZ Passenger Arrival card.

Coins that are not considered to be “cash” and do not meet the definition of fine metal

These coins are subject to GST and for Customs purposes are considered to be goods. You have an allowance of NZ$700 which may be used for accompanied goods. If you import goods obtained overseas with a total value of NZ$700 or more, you are required to declare these on the NZ Passenger Arrival card.

For coins that are not considered to be “cash” and other goods that you import, a Customs value must be established. For valuation purposes, the primary method of valuing imported goods is known as the transaction value system. In simple terms this is generally the purchase price paid for the goods. If, for any particular reason, the transaction value method may not be used there are secondary methods for establishing values.

Note that Thailand does not mint gold coins that are also legal tender in current circulation so the above information is not relevant for those wishing to take Thai gold coins out of Thailand. Given the political instability in Thailand, unforeseen currency devaluations (July 1997), central bank QE, Inflation, counterparty risk, onset of negative interest rates, cashless societies, financial repression, bank failures etc etc gold bullion accumulation makes for a sensible hedge in maintaining purchasing power. Here is a short video on buying gold in Thailand.

Thanks for Infos.

Seems the no headache solution is to buy gold bar in Thailand and keep it in Thailand for resale in case of a major currency crisis.

What is the best storage solution for someone who does not want to keep the gold at home?

[Carib]

There seems to be a lot of misinformation here about buying gold in Thailand with a lot of "forumites" putting in their 2 cents worth when their opinion is only worth 1/2 a cent or less!

Here are the facts in a nutshell:

1. The Thai gold weight measurement standard is the "Baht" (this is where Thai fiat currency gets it's name from). One Baht weight is equal to 15.244 grams of bullion (bars) with a purity of 96.5% or 23.16 Karats. This means that a Thai gold bar of 1 Baht has 14.573264 grams of pure gold in it which is just under 1/2 a Troy ounce. One Troy ounce is 31.1034768g which is the international gold weight measurement standard of fine gold (99.99%). The remaining 3.5% weight in a 1 Baht bar of Thai gold are other metals. Due to the complexity of refining gold bars to 99.99% purity (the international standard) Thailand has settled on 96.5%.

2. Gold bars and coins are sold in 1, 2, 5 & 10 Baht weights. 1KG bars are also available. 99.99% Fine gold is also available if pre-ordered as this pure gold typically has to be imported from overseas refineries. The difference in the buy & sell rates, or "spread" for 1 Baht of 96.5% Thai gold bar is only 100 Baht, or about 200 Baht per Troy Ounce. Compare this to the spread of 1 Ounce gold coin purchased/sold in the US, UK, AUS, NZ, SA, etc. This low spread makes the buying and selling of gold in Thailand highly attractive and accessible to everyone. To ensure you are buying real gold it is recommended to buy from a member of the Thai Gold Traders Association such as Hua Seng Heng.

Gold is Thailand is priced in THB per Baht weight for 96.5% purity. Today the selling price is THB21,300/Baht and they will buy at THB21,200/Baht.

3. Buying and selling 96.5% Thai gold within Thailand is not a problem given it is the standard here. No need to show your ID and there is no sales tax for gold in Thailand. You can pay in cash and receive cash or a cash cheque when you sell. That Thai Gold is not 99.99% fine means selling it overseas will have additional costs such gold assay tests, and if you are not selling directly to a refiner then you should understand that agents need to cover their costs and overheads.

4. With regard to customs regulations if you wish to bring gold into another country these will vary from country to country so you will need to check your country's customs regulations. Here are the New Zealand customs regulations for "fine metal":

Gold bars, silver coins and silver shot are free of tariff duty.

Goods that are considered to be a “fine metal”, as defined in section 2 of the Goods and Services Tax (GST) Act, are also exempt from GST.

The GST exemption for fine metal applies to:

· Gold, in any form, being gold of a fineness of not less than 99.5 percent.

· Silver, in any form, being silver of a fineness of not less than 99.9 percent.

· Platinum, in any form, being platinum of a fineness of not less than 99.0 percent.

Gold bars at 99.99% purity and the silver shot of 99.99% purity will be exempt GST. The gold bars at 96.5% purity will be subject to GST.

Without knowing the purity of the silver coins I am unable to advise if the GST exemption applies.

It is a requirement to declare on your New Zealand Passenger Arrival Card if you are carrying a total of NZ$10,000 or more in cash.

In addition to the requirement to declare cash, you must also declare if you are carrying goods obtained overseas (or purchased duty free in NZ) that have a value of more than NZ$700.

Where this gets complicated is that some gold coins minted in certain countries are also legal tender. For example the 1 troy ounce American Gold Eagle coin with a face value of USD50.00 is legal tender in the United States but with an intrinsic gold content value of about USD1200 at current spot price. And so it would be possible to bring into NZ up to 140 of these USD50 Gold Eagle coins with a face value of just under NZD10,000.00 but with an intrinsic value of USD168,000 (NZD240,000).

To confirm this below from NZ Customs:

There are three categories that the coins may fall within:

Coins that are used or circulated (or intended for use or circulation)

The coins are exempt GST. For Customs purposes they are considered to be “cash” (we do not use the term “legal tender”). If you import NZ$10,000 or more of these coins you are required to declare on your NZ Passenger Arrival card that you are bringing into New Zealand a total of NZ$10,000 or more in cash and will also be required to complete a Border Cash Report. I can confirm that all American Eagle coins fall into this category.

Coins that are not considered to be “cash” but meet the definition of fine metal

These coins are exempt GST and for Customs purposes are considered to be goods. If you import goods obtained overseas with a total value of NZ$700 or more, you are required to declare these on the NZ Passenger Arrival card.

Coins that are not considered to be “cash” and do not meet the definition of fine metal

These coins are subject to GST and for Customs purposes are considered to be goods. You have an allowance of NZ$700 which may be used for accompanied goods. If you import goods obtained overseas with a total value of NZ$700 or more, you are required to declare these on the NZ Passenger Arrival card.

For coins that are not considered to be “cash” and other goods that you import, a Customs value must be established. For valuation purposes, the primary method of valuing imported goods is known as the transaction value system. In simple terms this is generally the purchase price paid for the goods. If, for any particular reason, the transaction value method may not be used there are secondary methods for establishing values.

Note that Thailand does not mint gold coins that are also legal tender in current circulation so the above information is not relevant for those wishing to take Thai gold coins out of Thailand. Given the political instability in Thailand, unforeseen currency devaluations (July 1997), central bank QE, Inflation, counterparty risk, onset of negative interest rates, cashless societies, financial repression, bank failures etc etc gold bullion accumulation makes for a sensible hedge in maintaining purchasing power. Here is a short video on buying gold in Thailand.

Thanks for Infos.

Seems the no headache solution is to buy gold bar in Thailand and keep it in Thailand for resale in case of a major currency crisis.

What is the best storage solution for someone who does not want to keep the gold at home?

Take a look here: http://www.safedepositboxbangkok.com/

[prb]

Thanks Carib.

Have you used their services, any feedback?

Is it an old and well established company?

Thanks

[Carib]

Thanks Carib.

Have you used their services, any feedback?

Is it an old and well established company?

Thanks

Cannot say how long they have been around, but I know of them through a Thai and a German guy who are both happy with what they offer.

[B1TcoinLife]

Thanks Carib.

Have you used their services, any feedback?

Is it an old and well established company?

Thanks

I have used them before years ago and I was happy with their service, they have more security features than a Thai bank...

I was only storing documents though, so I didn't really worry too much about the theft as the documents had no value to anyone except me ...

Gold bars or cash however would be a different story, it is a private company and there is no government guarantee as far as I know so if it were to become insolvent I guess you are screwed...

[david555]

On ‎7‎/‎14‎/‎2016 at 6:51 PM, B1TcoinLife said:

I have used them before years ago and I was happy with their service, they have more security features than a Thai bank...

I was only storing documents though, so I didn't really worry too much about the theft as the documents had no value to anyone except me ...

Gold bars or cash however would be a different story, it is a private company and there is no government guarantee as far as I know so if it were to become insolvent I guess you are screwed...

Gold you bought for securing market risks /exchange /catastrophes and other risks .....you should secure store it under your own handling , as all other options can be blocked in such financial disaster...remember last Cyprus bank crisis ...... be not surprised to find a lock or closed door on the ''Safe storing Place /vault "