“Big gold depositories like Gold Money and Bullion Vault ‘ALL use ViaMat as a primary secure storage provider.’ As a result, ViaMat’s decision will have an effect on the rest of the gold investing community, especially when it comes to US vendors. It is surely a good idea to work with a firm that does not have US exposure when storing gold, but there is a growing trend among regulatory democracies generally to insist that citizens constitute a state asset. Increasingly, US officials in particular are insisting that US laws and taxes are to be enforced everywhere in the world and are turning to foreign companies to generate compliance.”
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