AboutAlexander J. Hay Expertise questions on international investing for the nine institutional investor
Experience I am a U.S. attorney with offices in the United States and Belize. I have experience helping to protect assets, reduce taxes, and improve investment performance by utilizing global investment techniques.
Education/Credentials Harvard University, A.B. degree; University of Houston Law Center, J.D. Degree; Fulbright Scholar
Question Is the most secure way for US Citizen to invest there assets, is to have it transferred in to one troy ounce gold bars, store it in a safe-deposit boxes located in Swiss banks vaults, located on Swiss soil.
Answer This is the second person in so many days to ask me this same question, and I must tell you that I believe this is not only a bad idea, it is downright foolish.
It is one thing to have a box with some cash and ammo stashed away for a rainy day, but to think of that as an asset protection strategy is beyond silly.
First of all, this strategy relies upon secrecy, and that is one of the hardest things in the world to maintain. It is much better to rely upon a well crafted legal system that will provide you with both privacy and legal protection.
Now I am not saying that stocking a little metal and other valuables aside for a rainy day is totally bad. But if you need the funds in an emergency, how are you going to get it???? Won't that action totally destroy your secrecy?
Visit www.squireorg.com. I would suggest you look at the information about the Wealth Preservation Fortress system which may be more practical and useful methods of protecting your assets and obtaining financial privacy.
