The Top Precious-Metal Friendly Countries
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Precious metals like gold and silver have been used throughout history for various purposes. They’ve been used for jewelry, ornaments, architecture, industrial uses, and more.
While many countries have adopted the use of other commodities like paper money, there are still countries that use precious metals as a means of trade.
If you’re wondering whether the US is the only country that encourages precious metals investment, it’s not. Here are a few precious metal-friendly countries across the globe:
Switzerland
When it comes to offshore gold storage, Switzerland is the old school choice. Ask anyone if they can name a country where you can store your gold investments and they’ll most likely name Switzerland.
In fact, the country has one of the largest gold reserves in the world! This makes it a safe choice for investors who are looking to deposit their gold bullions and coins outside the U.S.
New Zealand
What makes New Zealand an excellent choice is that it’s a common law and English-speaking country. It’s open to investors from around the world.
Although there are strict laws that you will need to follow, the government does not confiscate your gold or silver bullions and coins.
In addition, what makes the country safe for investors is that the economy here is stable so you don’t have to worry about the prices of precious metals like gold and silver decreasing quickly.
The Cayman Islands
Although it’s still a new jurisdiction, the Cayman Islands also offer incredible precious metal investment opportunities to those in Canada and the U.S.
One of the reasons why it’s a precious metal-friendly country is because it offers a “tax-neutral jurisdiction.”
This means that you don’t have to worry about income, corporate, capital gains, or withholding tax payments. You can simply deposit your precious metal coins and bullions into a safe without any interference from the government.
If you’re in the USA and are planning to diversify your portfolio, we recommend investing in gold, silver, and platinum through a verified source like Orion Metal Exchange.
We offer metal vaults for precious metal storage with a buyback guarantee. We can help keep your gold, silver, platinum, and other precious metal investments secure and safe.
To learn more about our services, feel free to reach out to us.
