Advice On Vaulting

Which is the best Brinks vault to vault my BitGold gold, keeping in mind liquidity?
I am based in Dubai. I understand that Dubai is best for bitcoin. I have been approved for the USD Mastercard.
Please weigh in @ArtMatters @BigD @rohanibuang61
I am based in Dubai. I understand that Dubai is best for bitcoin. I have been approved for the USD Mastercard.
Please weigh in @ArtMatters @BigD @rohanibuang61
Comments
My point is because the future is an unknown I feel diversification is what you should be aiming for. There is no penalty to having a little in all the vaults that BitGold offer considering there is no insurance or storage charges to consider. So diversification feels more the priority for myself as opposed to which one is best. I'm new here but my intention is to do the same with my BitGold deposits.
Another issue is access. Can you get to the vault? If I were Greek, it would be nice to know that I could drive up to Switzerland in an emergency; something I wouldn't be able to do if all my gold were in Singapore.
Zurich first
Dubai last (based on reduced options)
New York last (based on 1933 gold confiscation)
All others OK to spread the risk
I personally am trying to "share the love" across all of the vaults - including Dubai - but excluding New York.
Zurich may show "pending" longer due to heavy demand
Say, for some reason, that BitGold Inc fails. Poof. It's gone.
The gold is in a vault (or vaults) in my name and I own it, but how do I get at it? Do I just show up with my passport? As far as I know, I have no record from the vault to confirm my holding - no reference numbers issued by them. I could bring a few printouts from the bitgold site with me, but anyone could type those up.
@IsThisLegit, @79Au197 @Conno123 @BigD @GrandpaBrian: You have helped me plan my personal vaulting.
So, is this correct?
Dubai: Bitcoin deposit. Then withdraw the physical gold ASAP.
Zurich: For savings.
New York: For the lowest cost liquefication? The Mastercard that I have is in USD. Will gold in New York City at least shave some fees on the conversion from gold to USD?
I "Disagreed" with you based on your assessment of New York. New York is no cheaper than any other vault. Fees for all vaults are the same - 1% in / 1% out. Physical out is additional 0.5g + shipping.
Loading MasterCard or ACH transfer out is still just the 1%.
Concerning Dubai - why withdraw ASAP? No need to hurry unless you fear the political stability of Dubai. Anything we should know? (I have gold in the Dubai vault - not from BitCoin)
As long as the US Navy 5th fleet is based in Bahrain, makes regular ports of call in Jebel Ali and Barack Hussein Obama keeps a carrier strike group in the Arabian Gulf or the Indian Ocean, Dubai is safe. Let's hope we don't need the Indian Navy.
I live in USA and I am thinking of keeping New York as a "working vault" where I have the more frequent activity but not a large deposit. I am aware of my government's tendency to steal from its citizens (gold and other) but I feel like I should leave them some gold to find easily , and hope they don't go looking for the rest of my deposits in other vaults. A lot of this depends upon the paper trail that is left by me, and by GoldMoney--what has to be declared etc. Doing most of my transactions in NY also allows me to support local business.
My next vault is Toronto, it is just over the border and a few hours from where I live. Next I will select vaults strategically, around the globe.
I am wondering if anyone has noticed any difference in time for transactions to take place? I notice about two days for deposits to clear and a about a day and a half to load the Mastercard (this if from NY, and Toronto).
@IsThisLegit The vaults print out their records every so often and place copies within the vault. So after the smoke clears, even if digital records are lost, there may be some hope of getting your gold. Roy Sebag used to work in the area of bankruptcies, and supposedly has written up very detailed plans for dissolution of the company and distribution of the gold if it comes to that (I have not read these plans myself but have heard about them.)
I think my worry would be some government entity declaring that GoldMoney is an illegal form of "funds" or "money" and trying to shut it down on the web and seize the gold themselves.
@Nigelmarkdias "Go Navy!" glad we could help there. Sorry for the other messes (Iraq for one). Now that Haliburton is moving to Dubai, you'll probably keep that carrier group and get even more "protection".