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On February 17th, shock waves were sent across the financial world when ViaMat – the world’s largest bullion storage operator – announced it would no longer service American clients at its Zurich facility, per the letter below…

viamat-international-letter

In recent years, the supposedly “safe haven Swiss” have committed countless acts disproving that moniker – such as devaluing the Franc (and pegging it to the doomed Euro)…

Swiss Franc Collapses 7% – Swiss National Bank to Fix CHF to EUR and Debase Currency – 9/06/11

…exhaustively co-operating with American tax authorities to “rat out” clients holding assets in Swiss banks…

UBS gives up American clients to settle $780m US tax case

U.S. and Switzerland Reach Deal on Sharing of Financial Account Data

…and last but not least, selling 60% of the nation’s gold over the past decade (at roughly $500/oz); which its citizens are up in arms about…

Swiss right-wing forces referendum on banning SNB gold sales – March 20, 2013

Immediately thereafter, I penned a RANT regarding the ramifications of this draconian announcement; as well the alternative having one’s metal stored at Brink’s Montreal – via the Miles Franklin offshore storage program…

RAMIFICATIONS OF VIAMAT PM BULLION STORAGE ANNOUNCEMENT

…which I have the utmost confidence in…

VISIT TO BRINK’S MONTREAL VAULT

…so much so, I sent ALL my metal there; as have Miles Franklin’s founders – Andy and David Schectman….

BREAKING NEWS

Per the aforementioned letter, American clients holding precious metals in the Zurich vault must notify ViaMat where to ship their metals by Tuesday, April 30th; in other words, one week from today.  In the case of silver, most clients will likely have to liquidate it – as shipping costs to overseas environs are in most cases cost prohibitive.  However, for gold owners, Miles Franklin can cost effectively arrange shipment from Zurich to Montreal via Brink’s.  And, of course, funds from liquidated silver positions could be utilized to purchase new silver positions in the States; from which, we could arrange cost effective delivery to Brink’s Montreal.

If you have any questions about the process, please give us a call at 800-822-8080.

PROTECT YOURSELF, and do it NOW!

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.