Storage Options when Doing Business with First Panama Coin & Bullion
Many of the people that contact us to inquire regarding the purchase of precious metals do so with the intent to both purchase the metals from us, as well as to store the metals with us either indefinitely, or for collection at some future date.
Unfortunately, however, storage of valuables is not a service that we are equipped to offer. As is the case with many other large cities, Panama City can be a dangerous place, and storing a large volume of precious metals safely would require expensive security facilities along with bonding and insurance for the purpose, neither of which we can provide.
For those clients that are interested in the storage angle we would suggest that you only store your precious metals in Panama if you live here or eventually plan on coming here to live, and want your valuables "close to home", or if you at least vacation here in Panama regularly and thus will have the benefit of periodic physical access to your holdings.
In such cases, there are two readily accessible possibilities. The first is opening a safety deposit box with a local bank (you will need an account with the bank in order to be able to open a safety deposit box), or there is also a private vault here in Panama City called "Best Safety Boxes". Either should acceptably meet your storage needs.
For those clients who are looking for remote offshore storage of precious metals that are more interested in stashing their valuables safely and don't necessarily require physical access thereto, BullionVault represents a preferable alternative in our opinion.
Firstly, click the banner below and sign up for an account at BullionVault absolutely free. Your account will be credited with a free gram of gold just to get you started.
You can fund your BullionVault account via wire transfer and purchase gold vaulted in Zurich, Switzerland right online. You can purchase any amount that you want, as little as 1 gram at a time, and the spreads are much lower than the commissions that you would pay to a bullion dealer, especially here in Panama, and the storage fees are quite competitive.
Your holdings can also be liquidated virtually at the click of a button, and the proceeds wired back directly to your bank account.
Try BullionVault now free of charge.
Unfortunately, however, storage of valuables is not a service that we are equipped to offer. As is the case with many other large cities, Panama City can be a dangerous place, and storing a large volume of precious metals safely would require expensive security facilities along with bonding and insurance for the purpose, neither of which we can provide.
For those clients that are interested in the storage angle we would suggest that you only store your precious metals in Panama if you live here or eventually plan on coming here to live, and want your valuables "close to home", or if you at least vacation here in Panama regularly and thus will have the benefit of periodic physical access to your holdings.
In such cases, there are two readily accessible possibilities. The first is opening a safety deposit box with a local bank (you will need an account with the bank in order to be able to open a safety deposit box), or there is also a private vault here in Panama City called "Best Safety Boxes". Either should acceptably meet your storage needs.
For those clients who are looking for remote offshore storage of precious metals that are more interested in stashing their valuables safely and don't necessarily require physical access thereto, BullionVault represents a preferable alternative in our opinion.
Firstly, click the banner below and sign up for an account at BullionVault absolutely free. Your account will be credited with a free gram of gold just to get you started.
Your holdings can also be liquidated virtually at the click of a button, and the proceeds wired back directly to your bank account.
Try BullionVault now free of charge.
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“With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.” ~ Fredrich August von Hayek |
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“Paper money eventually returns to its intrinsic value: zero.” ~ Voltaire |
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“...the U.S. government can also reduce the value of a dollar... under a paper money system, a determined government can always generate higher spending and hence positive inflation.” ~ Ben Bernanke |