In this system there are features that will affect financial institutions worldwide.

Here are some of the reasons why Swiss banks are changing their handling of clients: -

• FATCA will impose all sorts of reporting requirements on U.S. taxpayers with foreign financial accounts. This is in ADDITION to form TDF 90-22.1, which is due to the Treasury Department each year by June 30th, and IRS form 1040 schedule B. Transparency will become the order of the day.
• The law requires ALL financial institutions across the world to share personal customer information with the U.S. authorities. Undoubtedly, all allies of the U.S. such as Canada as well as the rest of the developed world will cooperate with them quicker than others. Under certain conditions this could be extended to include gold and other precious metals, easily.
• FATCA has failed to define the terms, “foreign financial institution” and “foreign financial account“. These are defined generally just as a “financial security” is a transferable ownership right over an asset. Likewise a “financial institution” deals in and handles “financial securities”. Foreign nations have their own definitions of “foreign financial institutions” and ‘foreign financial account’s. No doubt these definitions will be accepted by the U.S. authorities.
• The law was passed in 2010 [final implementation 2014], when it became the responsibility of the IRS to interpret Congress’s intent in implementing FATCA. We expect a release of their interpretation of FATCA any time now.

This is Part 3 of Article Swiss Bank Clients Move From ‘Unallocated’ to ‘Allocated’ Gold Accounts

Switzerland has laws which protect banking secrecy. If a Swiss banker discloses client information outside the bank he is liable for imprisonment. Switzerland, after all, has a history of over 300 years of protecting the assets of foreigners during World Wars and from outside governmental pressures.

Even in the recent UBS scandal where it was accused by the U.S. I.R.S. of harboring U.S. tax evaders, these bankers of UBS in the States, face imprisonment inside the U.S. if they did not disclose the names of account holders and faced imprisonment in Switzerland if they did disclose names.

After lengthy negotiations that included the Swiss Government, it was decided to disclose the names of 4,050 names out of 45,000 U.S. client so UBS. It appears that the Swiss government acceded to the principal that a tax evader was a criminal and so his information could be handed to the U.S. authorities, but the Swiss government refused to allow the disclosure of all 45,000 names, which is what the I.R.S. wanted. So the Swiss kept their integrity, the I.R.S. got [only] 4,050 tax evaders and Swiss bankers did not go to prison, but UBS got a massive fine, which they had to pay to continue banking in the U.S.

During that entire time and through until now, Swiss banks have been loathe to take on U.S. clients and have been nervous about continuing to keep the ones they already have. It becomes clear that the current story of offering ‘allocated’ accounts fits neatly into this story. Many Swiss banks simply dropped U.S. customers and refused new ones, erroneously believing that it would get rid of the problem.

This is Part 2 of Article Swiss Bank Clients Move From ‘Unallocated’ to ‘Allocated’ Gold Accounts

The story of Germany’s gold being repatriated to Germany highlighted that Germany’s gold is ‘unallocated’ in foreign central banks. Most gold owners hold their gold in storage systems where it is ‘unallocated’. The downside is that the owner of ‘unallocated’ gold is an unsecured creditor of the storage company. So if you hold your gold at a bank in this way and it goes bust, you will have to wait and hope you get at least some of your money back.

An ‘allocated‘ gold account is where a customer has his gold physically segregated and is given a detailed list of the weights and assays of his gold. The gold is held in the customer’s name and owned by him still. In this case his gold cannot be taken by the Custodian or bank’s creditors should the bank go bust. The gold would, in that case be moved on the instructions of the beneficial owner.

This is Part 1 of Article Swiss Bank Clients Move From ‘Unallocated’ to ‘Allocated’ Gold Accounts

Swiss banks UBS and Credit Suisse, have moved to offer ‘allocated’ gold and silver accounts to their clients, including high net worth individuals, hedge funds, other banks and institutions. The move allows these entities to take direct ownership of their bullion in ‘allocated’ accounts. In addition, their storage fees have been raised by 20%.

The reason being is that the banks say that they are making the move to reduce exposure and risks on balance sheets and in an effort to be more transparent. Is there more to this than meets the eye? We believe there is, much more and it is a warning for us!

Part 1

Allocated & Unallocated Gold

Please note, though, that the clients of UBS and Credit Suisse have been ‘offered’ allocated accounts, they had not requested them. ‘Allocated’ accounts are more costly so it is no surprise that the costs of storing customer’s gold has risen 20%.

As we said, there is far more behind this story than is apparent at first.

Part 2

The History of UBS and Credit Suisse in the US

Part 3

The Threat of FATCA

Part 4

Swiss Banking Reactions

Part 5

What Future Events are the Swiss Banks Pre-Empting?

Part 6

Not Enough Gold Out There!

Part 7

Gold Dealers in the Same Place as Swiss Bank and Allocated Accounts

Brought to you by http://finesuissegoldbars.com

Even though your investment may not be large by some standards, one rule of thumb when it comes to investment is not to stake any more money than you are prepared to lose. In other words, if you are prepared to lose $1000 than you can afford to invest upto $10000 dollars in gold and pull out if the market goes down 10% for example.

Check out these few different ways to invest in gold in order to make sure you investing your hard-earned money wisely.

• Gold Bricks such as Suisse Gold Bars
• Junk Gold
• Mining Stocks

For the Love of Gold Bricks

There is something very pleasing about the sheer idea of holding a gold brick in your hands. I have an investor acquaintance that has saved for the past few years and was finally able to buy a gold brick. He took a picture of it and posted it online. You could tell he was really proud of his purchase.

A gold brick is one of those things that will take you a long time to save up for, but on the flipside it is probably the only time you will need to buy gold. One brick will set you up for good if you are a casual investor.

Junk Gold is Your Treasure

Scrap gold jewelry and old gold coins are great ways to amass a nice little hoard of gold. What is more is that things like scrap jewelry are often available at garage sales and estate sales. People will generally put out jewelry for sale that has bits of gold in it without even thinking about what they are doing.  Maybe they do know what they are doing, but simply do not care and just want to be rid of it. This is where you come in.

Old gold coins are a bit more expensive because of purity, but they are also much easier to transport and store.  Your best bet for these is generally going to be online.

Mining Gold is Still Big Business

For some people, the mining industry is fraught with ethical issues having to do with deforestation and displacing communities. If you are going to invest in gold mining stocks, then try and find smaller companies that have a positive mission statement. In addition to better ethical standards, the smaller companies are typically easier to buy stock in. For the casual investor, smaller gold mining companies can be a great option.

In short, you do not have to be overly ambitious and wealthy to invest in gold. In fact, even though you are a casual investor does not mean that you cannot generate a neat little profit by investing in gold via the means outlined here.

For many people, both inside and outside Switzerland, there has long been an assumption that the strength of the country’s currency and its economy owes much to its considerable reserves of gold.

With those reserves depleted, the Swiss Franc itself has come under scrutiny recently as concerns are growing that it is suffering the same kind of monetary debasement that the US Dollar has over the past few years, with the SNB engaged in a care-free monetary policy.

Quantitive Easing has been undertaken by the bank in an effort to stop CHF from appreciating to strongly against the Euro which has been rocked by crises that have unfolded one after another across the Eurozone member countries. Policymakers state that strength of the Swiss franc threatens economic development and increases price instability.

Swiss Franc vs Euro

Calls for more transparency regarding the remainder of Switzerland’s gold reserves have been met with statements from the Swiss National Bank that its physical gold reserves are held “domestically and internationally, with provisions for a crisis scenario being a main factor in the decision for this decentralized storage”.

Whereas the SNB may have good reason store Swiss gold outside of its border, it does worry many Swiss people who fear possible confiscation by these foreign jurisdictions in the cataclysmic event of some kind of economic collapse.

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PAMP stands for ‘Produits Artistiques de Métaux Précieux’ which is French for ‘Artistic Precious Metal Products’. ‘Art’ is the keyword here as this is how PAMP Suisse have differentiated themselves from other gold bar manufacturers. Whereas artistic logos are common on gold coins (such as an eagle on American Gold Eagle coins), they have not traditionally been printed on gold bars.

Whereas on one face, the bar will be printed with details such as weight, assayer logo and serial number, the reverse side of a PAMP gold bar will be decorated with beautiful images and motifs ranging from mythological, astrological, botanical and a host of other themes.

Without a doubt however, the most famous image associated with PAMP is that of the romantic image of ‘Lady Luck’ herself complete with swirling locks and all. Based on the mythological Roman goddess ‘Fortuna’, these PAMP Suisse ‘Fortuna’ bars are sometimes more recognizable than the assayer’s stamp itself!

And ‘Lady Luck’ certainly seems to be smiling on gold. After years of manipulation, gold prices have suddenly started to reassert themselves. Ever since 2001, gold prices have increased year on year except for the brief pullback in all markets during the 2008 Credit Crisis. 5 years ago, a 1oz PAMP Suisse gold bar would have cost around $700. Today that price has skyrocketed to over $1700! With no end in sight, the upside potential in gold is huge and the opportunity to profit with PAMP gold bars is ripe.

PAMP Suisse gold bars have proven to be an excellent way to invest in gold as they are pure 24 karat gold bullion and are recognized as quality bullion products by the world’s biggest bullion exchanges and institutions such as the London Bullion Market Association, NYMEX and Swiss National Bank. They are instantly recognized at bullion dealers and easily traded in 1oz weights and also gram denominations.

If you are thinking about a gold investment, Lady Luck is still smiling on PAMP Suisse gold bars.

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Swiss Gold Bars

Two words that are found on most swiss gold bars that are a constant source of interest for all non-French speakers. In fact the words also are a little tricky to understand even if you do speak French!

(Incidentally, in case you are wondering why French words are printed on swiss gold bars, it is because there is no ‘Swiss’ language. Switzerland has in fact four national languages. These are French, German, Italian and Romansh!).

In direct translation, ‘essayeur fondeur’ means ‘assayer founder’. The real importance of these two words however is that they are the official stamp of the refinery that manufactured the bullion bars on which they appear.

Of the 5 world-class bullion refineries in Switzerland, four of them use the mark ‘Essayeur Fondeur’ on their bars. Only Argor-Heraeus bars differ in that they use the English words ‘Melter Assayer’ which is probably a better and more accurate translation for ‘essayeur fondeur’.

Along with the these words, the remaining four refineries also print a logo in order to differentiate themselves. The logos are as follows:

• Cendres & Métaux SA

Mark: CM Essayeur Fondeur in rectangle

• Metalor Technologies SA

Mark: Essayeur Fondeur with MP in triangle

• PAMP SA

Mark: Essayeur Fondeur in rectangle with PAMP logo

• Valcambi SA

Mark: Rectangle enclosing CHI in a circle and Essayeur Fondeur

Thus all gold, silver and any other precious metals products manufactured by these refineries will feature the words ‘Essayeur Fondeur’ clearly printed on them.

It is worth pointing out that Credit Suisse gold bars are printed with the assaying mark of Valcambi as that is their place of manufacture.

Is It Safe Buying Suisse Gold Online?

Many people buy on eBay and other such shopping sites. Frankly the thought of buying gold bullion on sites like these gives us the chills unless you know exactly what you are doing and who you are dealing with.

Why buy from an auction site when there are many long-standing bullion dealers online from whom you can safely buy Suisse gold bullion and have it delivered securely. Some vendors will even store bullion for you if that is your choice.

Buy Credit Suisse Gold Bars		Buy PAMP Suisse Gold Bars

GoldSilver.com

Based in Southern California, GoldSilver.com specializes in the instruction of precious metals investing and providing world-class gold and silver dealer services.

GoldSilver.com is comprised of a strategic team of specialists and is owned and operated by Mike Maloney, a renowned advisor, industry expert and author of the best-selling book ‘Guide to Investing in Gold and Silver’.

Guide to Investing in Gold and Silver, is the number-one selling precious metals investment book of all time

GoldenEagleCoin.com

Golden Eagle Coins was founded in 1974 by Robert W. Mangels and Richard J. Stelfox.

Bob and Rich began operations in 1964 by attending local coin shows and expanding on Bob’s ever-growing coin ventures. In 1974, they opened the doors to their first shop in Adelphi, MD. Since then, their focus throughout the years has been on U.S. coins and bullion investing and trading.

Golden Eagle Coins is in attendance at up to 42 national precious metal shows and conventions a year and is an annual attendee at every national ANA convention each year since 1973.

In the late 90′s, management made the decision to offer its services to the average collector via the Internet and mail order

For Suisse gold bars and other precious metal bullion products, Golden Eagle Coins is one of the most trusted names in the business.

SuisseGold.ch

Based in Switzerland, SuisseGold.ch is a trading name of CC Holdings GmbH, an investment advisory firm headquartered in the Swiss city of Luzern.

Their services include:

Allocated bullion storage in their bank vault – with their revolutionary ‘My Vault’ technology by which clients may view, ship or sell their holdings online.

Bullion delivery – They are able to offer insured bullion delivery to a number of countries including the US.

RegalGoldCoins.com

Regal Assets has a longstanding tradition of responsible and trustworthy business practices demonstrated by the A+ rating with the BBB.

With over fifty years of combined experience in the precious metals industry the Regal Assets team of specialists work for you from buying and selling gold bullion such as Suisse gold bars and gold coins to giving advice on setting up a long term tax deferred retirement plans such as a gold IRA.

Regal Assets put the client first and take the time to educate new investors on the precious metals industry. As one of the country’s largest and most experienced firms specializing in precious metals for the individual investor, Regal Assets is well qualified to serve precious metals needs.

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In addition to this, Pamp Suisse gold bars are also available in the following convenient sizes making entry to the gold bullion market easy for small investors:

• 1g PAMP Suisse gold bar
• 2.5g PAMP Suisse gold bar
• 5g PAMP Suisse gold bar
• 10g PAMP Suisse gold bar
• 50g PAMP Suisse gold bar

From the smallest of these to the largest, they all share the intoxicating and glistening hues of pure 24-karat gold minted to full 99.99% purity. This is indicated on the millesimal fineness scale by a value of ’999,9′ and is proudly imprinted onto each bar.

As is the case with gold bars in general as opposed to coins, the premium on this form of bullion is on the low side. In other words, when buying PAMP Suisse gold bars you get more gold for your dollar than with other forms of bullion making them a perfect investment vehicle for those who wish to buy gold for the sake of gold as opposed to numismatic and ‘collector’ value. You can read more about why these bars make for one of the best gold investments here.

PAMP Suisse Gold Bars – Made In Switzerland

Manufactured by Produits Artistiques de Métaux Précieux (which of course results in the acronym PAMP), at the Castel Saint Pietro refinery in Switzerland since its establishment in 1977, the quality and exacting standards to which each PAMP Suisse gold bar is produced has firmly established its reputation as one of the world’s premier gold refiners and an instantly recognizable and respected worldwide brand.

One of the reasons PAMP Suisse gold bars stand out from all other gold bars is because their bars are crafted with the highest quality artistic designs unmatched on any other gold bar product. Motifs range from mythological and astrological themes to religious icons, and from historic monuments to botanical renderings. The most famous of their designs is the exquisite ‘Lady Fortuna’ which has quickly become the calling card of PAMP.

They are highly liquid gold investments that are easy to buy and sell. Available in 1oz and other weight denominations, each bar has its weight, purity, content and unique serial number stamped on it guaranteeing its authenticity.

Since 1987 PAMP Suisse gold bars have been on the ‘Good Delivery’ list of the London Bullion Market Association. Historically this meant that members of the LBMA would accept these bars without question in settlement against transactions conducted between each other and with other acceptable counterparts. Today, listing on the the LBMA Good Delivery List is widely recognised as representing the de facto standard for the quality of gold and silver bars.

Are you ready to profit from the greatest gold bull market of modern times.

The ongoing bull market that has been unravelling in the gold market since the turn of this century is set to rival that of the 1970’s which saw gold prices rise 10-fold. From a low of less than $300 in 2001, gold has steadily been rising and reached almost $2000 in late 2011. Greater heights are yet expected in this secular bull market that will leave orthodox investors and dollar bulls perplexed, bemused and dumbfounded.

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