Owning gold and other precious metals makes tremendous sense and offers investors opportunities for both wealth preservation and wealth appreciation across a wide spectrum of economic scenarios.
Purchasing and storing precious metals in the Cayman Islands is a solid investment in your future. Adding precious metals to a diversified portfolio of stocks and bonds helps improve the returns of such a portfolio over time while reducing risk and overall portfolio volatility.
Traditionally, financial advisors have recommended allocating 5%–10% of one’s portfolio to precious metals, however, recent data indicates that the optimal allocation to precious metals is closer to 20%–25%.
The Cayman Islands is an excellent jurisdiction for the storage of precious metals for several key reasons:
- Its proximity to the United States, Canada and Latin America
- There are no import or export tariffs on precious metals coming to or leaving the country
- There is no sales tax on the storage of precious metals
- Assets in storage are not reportable to any local or foreign government or tax authorities.
If you would like to invest in precious metals, the following company can help: